Tackifier Market Worth 3.56 Billion USD by 2020
PUNE, India, March 14, 2016 /PRNewswire/ --
The report "Tackifier Market By End-use Industry (Packaging, Bookbinding, Nonwoven, Construction/Assembly), Type (Synthetic & Natural), Form (Solid, Liquid, Resin Dispersion) Application (PSA & HMA), by Region - Global Forecast To 2020", published by MarketsandMarkets, The market is projected to reach USD 3.56 Billion by 2020, at a CAGR of 4.8% from 2015 to 2020.
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The growth of this market is driven by the increasing demand from the adhesives industry. The adhesives industry has been witnessing a change in recent times, owing to the increased demand for high standard performance adhesives across various end-use industries. These developments in the adhesives industry are expected to consequently drive the growth of the tackifiers market.
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Packaging end-use industry is expected to the dominate tackifier market by 2020
Packaging is the largest end-use industry of tackifiers and is expected to contribute the largest share to the market by 2020. The growing demand for packaging from the food and beverages industry and rising demand for biodegradable packaging materials is expected to boost the demand for tackifiers in the packaging industry.
Pressure Sensitive Adhesives (PSA) expected to contribute the highest share to the tackifier market by 2020
Pressure sensitive adhesives are expected to be the largest segment and grow at the highest CAGR during the forecast period. Tackifiers are used in pressure sensitive adhesives in the manufacturing of tapes, labels, and graphics industries. Depending upon the application in which they are used, tapes can be industrial, specialty, or medical. Labels are used in medical, food packaging, commodities, general purpose products, pharmaceuticals, and cosmetics, among others. Emblems, name plates and logos, decals, window safety films, and signage, among others are the major products used in the graphics industry, in which tackifiers are used.
Asia-Pacific region is projected to dominate the tackifier market during the forecast period
Although Europe accounted for the largest share of the Tackifier Market in 2014, followed by Asia-Pacific and North America, it is anticipated that Asia-Pacific will account for the largest share of the tackifiers market by 2020. This large share can be attributed to the growth in the adhesives industry in Asia-Pacific, which has created more demand for tackifiers in the region.
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The major companies operating in the global tackifiers market are Arizona Chemical (U.S.), Arkema (France), DRT (Dérivés Résiniques et Terpéniques) (France), Eastman (U.S.), ExxonMobil Chemical (U.S.), Lawter (U.S.), Yasuhara Chemical (Japan), WestRock (U.S.), Arakawa Chemical Industries Ltd. (Japan), and Guangdong Komo Co., Ltd. (China).
The report covers the tackifier market by end-use industry type, form, application and regions. Based on end-use industry, the market has been segmented into packaging, bookbinding, nonwoven, construction/assembly, and others. In terms of type, tackifiers market has been categorized into synthetic and natural. Based on application, the market has been segmented into pressure sensitive adhesives (PSA) and hot melt adhesives (HMA). Based on region, the market has been categorized into Asia-Pacific, North America, Europe, and RoW.
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http://www.marketsandmarkets.com/Market-Reports/hot-melt-adhesives-market-1088.html
Pressure Sensitive Adhesives By Technology Types (Water Based, Solvent Based, Hot Melt & Radiation), By Applications (Industrial Tapes, Specialty, Medical Tapes and Others), and By Region - Global Trends & Forecasts to 2020
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