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Tackifier Market Size (2024 - 2029)

The Tackifier Market is projected to experience growth over the forecast period, driven by increasing urban infrastructure in developing countries. Despite challenges posed by the emerging tackifier-free adhesives market, the sector is expected to expand, with a significant opportunity arising from a shift towards bio-based tackifiers. The market has recovered from the disruptions caused by the COVID-19 pandemic and is anticipated to maintain its growth trajectory. The Asia-Pacific region holds the largest market share and is expected to continue its dominance.

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Market Size of Tackifier Industry

Tackifier Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 554.37 Million
Market Size (2029) USD 659.69 Million
CAGR (2024 - 2029) > 3.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Tackifier Market Major Players

*Disclaimer: Major Players sorted in no particular order

Tackifier Market Analysis

The Tackifier Market size is estimated at USD 554.37 million in 2024, and is expected to reach USD 659.69 million by 2029, growing at a CAGR of greater than 3.5% during the forecast period (2024-2029).

  • The COVID-19 outbreak caused nationwide lockdowns around the world, disruptions in manufacturing activities and supply chains, and production halts, all of which had a negative impact on the market in 2020. Subsequently, the market recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
  • One of the major factors driving the market is the growing urban infrastructure in developing countries. However, the emerging tackifier-free adhesives market is hindering the growth of the market studied.
  • Shifting focus towards bio-based tackifiers is expected to provide a major growth opportunity for the market studied. Asia-Pacific accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.

Tackifier Industry Segmentation

Tackifiers are chemical compounds that are used in manufacturing adhesives to increase tack, the stickiness of the surface of the adhesive. They are low-molecular-weight compounds that have high glass transition temperatures. They find applications in several end-users such as building and construction, automotive, etc.

The tackifiers market is segmented by feedstock, form, type, application, end-user industry, and geography. By feedstock, the market is segmented into rosin resins, petroleum resins, and terpenes resins. By form, the market is segmented into solid, liquid, and resin dispersion. By type, the market is segmented into synthetic and natural. By application, the market is segmented into tapes and labels, assembly, bookbinding, footwear, leather and rubber articles, and other applications (profile wrapping, etc.). By end-user industry, the market is segmented into automotive, building and construction, non-wovens, packaging, footwear, and other end-user industries (pulp and paper, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe. 

For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Feedstock
Rosin Resins
Petroleum Resins
Terepene Resins
Form
Solid
Liquid
Resin Dispersion
Type
Synthetic
Natural
Application
Tapes and Labels
Assembly
Bookbinding
Footwear, Leather, and Rubber Articles
Other Applications (Profile Wrapping, Etc.)
End-user Industry
Automotive
Building and Construction
Non-Wovens
Packaging
Footwear
Other End-user Industries (Pulp and Paper, Etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Tackifier Market Size Summary

The tackifier market is poised for steady growth over the forecast period, driven by increasing urban infrastructure development in emerging economies. The market, which experienced setbacks due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to expand further. The building and construction sector is a significant end-user, with demand for pressure-sensitive and water-borne adhesives rising due to their essential role in various construction applications. However, the emergence of tackifier-free adhesives presents a challenge to market growth. The shift towards bio-based tackifiers is anticipated to offer new growth opportunities, particularly in the Asia-Pacific region, which currently holds the largest market share and is expected to maintain its dominance.

The Asia-Pacific region's economic improvements have bolstered consumer demand for electronics, automobiles, and textiles, further fueling the tackifier market. China, a major player in adhesive manufacturing and export, significantly contributes to the region's market share. The presence of leading adhesive companies in the region, such as Henkel AG & Company and H B Fuller Company, is set to enhance production capacities, thereby increasing tackifier consumption. Recent expansions, like Henkel's new facility in China and Pidilite's production of Jowat’s hot melt adhesive in India, underscore the region's growth trajectory. The ongoing construction projects in countries like Japan and India also support the market's expansion, indicating a robust outlook for the tackifier industry in the coming years.

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Tackifier Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Urban Infrastructure in Developing Countries

      2. 1.1.2 Growing Demand for Hot-melt Adhesives in Asia-Pacific

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Emerging Tackifier Free Adhesives Market

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Feedstock

      1. 2.1.1 Rosin Resins

      2. 2.1.2 Petroleum Resins

      3. 2.1.3 Terepene Resins

    2. 2.2 Form

      1. 2.2.1 Solid

      2. 2.2.2 Liquid

      3. 2.2.3 Resin Dispersion

    3. 2.3 Type

      1. 2.3.1 Synthetic

      2. 2.3.2 Natural

    4. 2.4 Application

      1. 2.4.1 Tapes and Labels

      2. 2.4.2 Assembly

      3. 2.4.3 Bookbinding

      4. 2.4.4 Footwear, Leather, and Rubber Articles

      5. 2.4.5 Other Applications (Profile Wrapping, Etc.)

    5. 2.5 End-user Industry

      1. 2.5.1 Automotive

      2. 2.5.2 Building and Construction

      3. 2.5.3 Non-Wovens

      4. 2.5.4 Packaging

      5. 2.5.5 Footwear

      6. 2.5.6 Other End-user Industries (Pulp and Paper, Etc.)

    6. 2.6 Geography

      1. 2.6.1 Asia-Pacific

        1. 2.6.1.1 China

        2. 2.6.1.2 India

        3. 2.6.1.3 Japan

        4. 2.6.1.4 South Korea

        5. 2.6.1.5 Rest of Asia-Pacific

      2. 2.6.2 North America

        1. 2.6.2.1 United States

        2. 2.6.2.2 Canada

        3. 2.6.2.3 Mexico

      3. 2.6.3 Europe

        1. 2.6.3.1 Germany

        2. 2.6.3.2 United Kingdom

        3. 2.6.3.3 France

        4. 2.6.3.4 Italy

        5. 2.6.3.5 Rest of Europe

      4. 2.6.4 South America

        1. 2.6.4.1 Brazil

        2. 2.6.4.2 Argentina

        3. 2.6.4.3 Rest of South America

      5. 2.6.5 Middle East and Africa

        1. 2.6.5.1 Saudi Arabia

        2. 2.6.5.2 South Africa

        3. 2.6.5.3 Rest of Middle East and Africa

Tackifier Market Size FAQs

The Tackifier Market size is expected to reach USD 554.37 million in 2024 and grow at a CAGR of greater than 3.5% to reach USD 659.69 million by 2029.

In 2024, the Tackifier Market size is expected to reach USD 554.37 million.

Tackifier Market Report Snapshots

Tackifier Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)