Worldwide Tackifier Industry to 2028 - Demand for Hot-Melt Adhesives in Asia-Pacific Presents Opportunities
DUBLIN, May 6, 2021 /PRNewswire/ -- The "Global Tackifier Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The publisher estimates that the global market for tackifier would witness a CAGR of 4.53% over the considered period 2021-2028.
Factors such as the rising use of adhesives, coupled with a surge in demand from the tire & rubber industry, are motivating the progress of the studied market. Additionally, the demand for hot-melt adhesives in Asia-Pacific, along with the growing demand from packaging, construction, and pharmaceutical industries, is opening several opportunities for the tackifier market's growth.
However, the uncertainty relating to raw material availability and cost and inconvenience of usage in pharmaceutical applications, are major restraining factors impacting the global market's future.
REGIONAL OUTLOOK
The global tackifier market encompasses the regions of North America, the Asia-Pacific, Latin America, Europe, and the Middle East and Africa.
The Asia-Pacific is anticipated to display the fastest growth rate in the global market over the assessed period. The region's growth is mainly motivated by the rising manufacturing sector that is expected to drive the demand for tackifiers in packaging, automotive, industrial machinery, and electrical industries. Here, over the years, China and India have observed substantial growth in automotive production, owing to the transfer of technology to western markets.
Furthermore, rising economies, rapid urbanization, and growing infrastructural activities, are likely to support the progress of the studied market across the region's nations. Besides, there is a well-established manufacturing base in China, Taiwan, and South Korea, which calls for the use of tackifiers for multiple applications. Hence, these factors are majorly driving the growth of the tackifier market across the APAC region.
COMPETITIVE OUTLOOK
The companies that are engaged in the tackifier market are WestRock Company, Mitsui Chemicals Inc, Yasuhara Chemical Co Ltd, Les Derives Resiniques Et Terpeniques SAS (DRT), Arakawa Chemical Industries Ltd, Exxon Mobil Corporation, Kraton Corporation, Eastman Chemical Company, Neville Chemical Co, TWC Group, Natrochem Inc, Guangdong Komo Co Ltd, Arkema SA, Teckrez Inc, and Lawter Inc.
Eastman Chemical Company manufactures and sells specialty additives, advanced materials, fibers, and chemicals. The company provides its products for application in various industries, including construction, aerospace, durable goods, filtration, and mining. Piccotac 1095 Hydrocarbon Tackifier Resin, offered by the company, is a narrow molecular weight distribution designed for application in the adhesives industry. It has a global presence across various countries, with headquarter located in the United States.
Key Topics Covered:
1. Global Tackifier Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on Tackifier Market
2.2. Key Insights
2.2.1. Shifting Trend Towards Bio-Based Tackifiers
2.2.2. Growing Variety of Packaging Tapes
2.2.3. Development of Voc-Free Tackifiers
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Acquisitions
2.6.2. Product Launches
2.6.3. Partnership & Agreements
2.6.4. Business Expansions
2.7. Market Drivers
2.7.1. Growing Usage of Adhesives
2.7.2. Surge in Demand from Tire & Rubber Industry
2.8. Market Restraints
2.8.1. Uncertainty Regarding Raw Material Availability and Cost
2.8.2. Inconvenience of Usage in Pharmaceutical Applications
2.9. Market Opportunities
2.9.1. Demand for Hot-Melt Adhesives in Asia-Pacific
2.9.2. Rising Demand from Packaging, Construction, and Pharmaceutical Industries
3. Global Tackifier Market Outlook - by Product Type
3.1. Synthetic
3.2. Natural
4. Global Tackifier Market Outlook - by Form
4.1. Solid
4.2. Resin Dispersion
4.3. Liquid
5. Global Tackifier Market Outlook - by Application
5.1. Pressure Sensitive Adhesive
5.2. Hot-Melt Adhesive
5.3. Other Applications
6. Global Tackifier Market Outlook - by Verticals
6.1. Packaging
6.2. Book Binding
6.3. Non-Woven
6.4. Construction/Assembly
6.5. Other Verticals
7. Global Tackifier Market - Regional Outlook
7.1. North America
7.1.1. Market by Product Type
7.1.2. Market by Form
7.1.3. Market by Application
7.1.4. Market by Verticals
7.1.5. Country Analysis
7.1.5.1. United States
7.1.5.2. Canada
7.2. Europe
7.2.1. Market by Product Type
7.2.2. Market by Form
7.2.3. Market by Application
7.2.4. Market by Verticals
7.2.5. Country Analysis
7.2.5.1. United Kingdom
7.2.5.2. Germany
7.2.5.3. France
7.2.5.4. Spain
7.2.5.5. Italy
7.2.5.6. Russia
7.2.5.7. Rest of Europe
7.3. Asia-Pacific
7.3.1. Market by Product Type
7.3.2. Market by Form
7.3.3. Market by Application
7.3.4. Market by Verticals
7.3.5. Country Analysis
7.3.5.1. China
7.3.5.2. Japan
7.3.5.3. India
7.3.5.4. South Korea
7.3.5.5. Asean Countries
7.3.5.6. Australia & New Zealand
7.3.5.7. Rest of Asia-Pacific
7.4. Latin America
7.4.1. Market by Product Type
7.4.2. Market by Form
7.4.3. Market by Application
7.4.4. Market by Verticals
7.4.5. Country Analysis
7.4.5.1. Brazil
7.4.5.2. Mexico
7.4.5.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Market by Product Type
7.5.2. Market by Form
7.5.3. Market by Application
7.5.4. Market by Verticals
7.5.5. Country Analysis
7.5.5.1. United Arab Emirates
7.5.5.2. Saudi Arabia
7.5.5.3. Turkey
7.5.5.4. South Africa
7.5.5.5. Rest of Middle East & Africa
8. Competitive Landscape
8.1. Arakawa Chemical Industries Ltd
8.2. Arkema Sa
8.3. Eastman Chemical Company
8.4. Exxon Mobil Corporation
8.5. Guangdong Komo Co Ltd
8.6. Kraton Corporation
8.7. Lawter Inc
8.8. Les Derives Resiniques Et Terpeniques Sas (Drt)
8.9. Mitsui Chemicals Inc
8.10. Natrochem Inc
8.11. Neville Chemical Co
8.12. Teckrez Inc
8.13. TWC Group
8.14. Westrock Company
8.15. Yasuhara Chemical Co Ltd
9. Research Methodology & Scope
9.1. Research Scope & Deliverables
9.2. Sources of Data
9.3. Research Methodology
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