The Latest Tackifier Industry Statistics Explained
The global tackifiers market size was valued at USD 3.27 billion in 2017.
The statistic indicates that the global tackifiers market was worth USD 3.27 billion in 2017. Tackifiers are substances added to adhesives to improve their tack, or stickiness. This market size figure suggests the total value of all tackifier products sold worldwide in 2017. It reflects the demand for tackifiers across various industries such as packaging, construction, automotive, and healthcare. This information is essential for stakeholders in the adhesive industry, including manufacturers, suppliers, and investors, to understand the market’s current status and potential opportunities for growth and investment.
Over 37% of global tackifiers demand is from the Asia Pacific region.
The statistic “Over 37% of global tackifiers demand is from the Asia Pacific region” indicates that more than a third of the worldwide demand for tackifiers, which are materials used in adhesives to improve tackiness, adhesion, and cohesion, comes from countries in the Asia Pacific region. This suggests that the Asia Pacific region has a significant influence on the global tackifiers market and plays a crucial role in shaping the industry’s trends and dynamics. Factors contributing to this high demand in the region could include the growing manufacturing sector, increasing urbanization, and the presence of key industries such as automotive, packaging, and construction that heavily rely on adhesive products. This statistic underscores the importance of understanding and catering to the unique needs and preferences of the Asia Pacific market for companies operating in the tackifiers industry.
Hot-melt adhesives represent the most significant demand for tackifiers, accounting for over 55% of the total market.
This statistic indicates that hot-melt adhesives are the primary driver of demand for tackifiers, a type of chemical additive that enhances the tackiness and adhesion of adhesives and sealants. With hot-melt adhesives accounting for over 55% of the total market, it suggests that these adhesives are widely used across various industries and applications. The high demand for tackifiers in hot-melt adhesives underscores their importance in improving the performance and usability of adhesive products. This statistic highlights the significant role that hot-melt adhesives play in driving the overall market for tackifiers, making them a key focus for manufacturers and suppliers in the adhesive industry.
Tackifiers used in paints and coatings applications are expected to register a CAGR of 5.3% to 2024.
This statistic indicates that the use of tackifiers in paints and coatings applications is projected to experience a Compound Annual Growth Rate (CAGR) of 5.3% until the year 2024. The CAGR represents the annual growth rate of an investment over a specified period. In this case, the expected 5.3% CAGR suggests a steady increase in the utilization of tackifiers in the paints and coatings industry over the next few years. This growth could be driven by factors such as demand for enhanced adhesion and adhesive properties in coatings, advancements in technology leading to the development of more effective tackifiers, and the expanding applications of paints and coatings across various industries.
Natural tackifiers market account for over 55% of the global demand.
This statistic indicates that the segment of the natural tackifiers market comprises more than 55% of the total global demand for tackifiers. Tackifiers are substances commonly used in adhesives to improve the tack or stickiness of the adhesive, helping it to adhere to surfaces better. Natural tackifiers are derived from natural sources such as rosin, pine chemicals, and other plant-based materials. The fact that natural tackifiers account for over half of the global demand suggests a significant preference for natural and sustainable materials in adhesive formulations, potentially driven by consumer demand for eco-friendly products and the increasing focus on sustainability in various industries. This statistic highlights the prominence and importance of natural tackifiers in the global market for adhesives and related products.
The global tackifier resin market will grow by USD 1.31 billion during 2020-2024.
This statistic indicates that the global tackifier resin market is projected to experience a substantial growth of USD 1.31 billion over the period from 2020 to 2024. Tackifier resins are materials commonly used in adhesives to improve their tackiness and overall performance. The predicted growth suggests an increasing demand for tackifier resins across various industries such as packaging, automotive, construction, and others during the specified timeframe. Factors driving this growth may include technological advancements, expanding applications, and rising demand for eco-friendly and sustainable adhesive solutions. This statistic reflects a positive trend in the tackifier resin market, demonstrating opportunities for market players to capitalize on the growing demand and potentially expanding their market presence and revenue.
Eastman Chemical Company held the leading share of the Tackifier market in 2018.
This statistic indicates that in 2018, Eastman Chemical Company had the largest portion of market sales among all companies providing tackifiers, which are substances used to improve the adhesive properties of materials like adhesives, sealants, and coatings. This suggests that Eastman Chemical Company was the most dominant player in the tackifier market in terms of market share and likely had a competitive advantage over other companies in the industry during that year. This may be attributed to various factors such as product quality, brand recognition, marketing strategies, and overall customer satisfaction that contributed to Eastman Chemical Company’s success in maintaining a leading position in the market.
The pressure sensitive adhesive segment is expected to witness the highest growth, at a CAGR of 5.4% during 2017-2022.
This statistic indicates that within the adhesive industry, the pressure sensitive adhesive segment is projected to experience the most substantial growth over the period from 2017 to 2022, with a compound annual growth rate (CAGR) of 5.4%. This suggests that there is increasing demand for pressure sensitive adhesives compared to other types of adhesives within the market. Factors driving this growth could include advancements in technology, a shift towards more convenient and easy-to-use adhesive products, and widespread applications in various industries. Companies operating in this segment may have opportunities to capitalize on this growth trend through strategic investments and product development initiatives to meet the evolving needs of customers.
Styrenic tackifiers are projected to grow with a significant CAGR over the forecast period and reach a net worth of approximately 1.41 billion USD by 2025.
This statistic indicates that the market for styrenic tackifiers is expected to experience a substantial Compound Annual Growth Rate (CAGR) over the forecast period, leading to a considerable increase in market size by 2025. The projected net worth of approximately 1.41 billion USD signifies the estimated total value of the market for styrenic tackifiers by 2025. This growth trajectory suggests a growing demand for styrenic tackifiers in various industries, potentially driven by factors such as increasing applications, technological advancements, or changing consumer preferences. The forecasted growth rate and net worth provide valuable insights for industry stakeholders, investors, and decision-makers to understand the market’s potential opportunities and make informed strategic decisions.
There are a total of 41 major manufacturers for tackifier market around the global.
This statistic indicates that there are 41 significant manufacturers in the tackifier market worldwide. Tackifiers are substances added to adhesives to improve their tack, or stickiness. Having 41 major manufacturers suggests a diverse and competitive market, with various companies producing tackifiers to meet demand from industries such as automotive, packaging, construction, and textiles. The presence of numerous manufacturers reflects the importance of tackifiers in a wide range of applications and signifies a well-established industry with multiple players contributing to innovation, quality, and market growth. Overall, this statistic underscores the global significance of tackifiers and the competitiveness within the market.
Hydrocarbons dominate the synthetic tackifiers market share and held over 50% of the revenue in 2020.
This statistic indicates that hydrocarbons, which are organic compounds consisting of hydrogen and carbon atoms, are the predominant type of synthetic tackifiers in the market, accounting for more than half of the total revenue generated in 2020. Tackifiers are substances added to adhesives and sealants to improve their tack, or stickiness. The dominance of hydrocarbons in the synthetic tackifiers market suggests their widespread usage and effectiveness in various applications. The fact that they held over 50% of the market share highlights their popularity and significance within the industry compared to other types of tackifiers.
Rosin ester-based tackifiers are forecasted to expand at a CAGR of 4.6% from 2023 to 2026.
This statistic indicates that the market for rosin ester-based tackifiers is expected to experience steady growth over the period from 2023 to 2026. The Compound Annual Growth Rate (CAGR) of 4.6% represents the average annual growth rate that this market is projected to achieve during this time frame. This forecast suggests that there is an increasing demand for rosin ester-based tackifiers, likely driven by factors such as industrial growth, technological advancements, or changing consumer preferences. Such growth forecasts are crucial for businesses and investors to make informed decisions regarding investments, production capacity, and market positioning in the coming years.
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