Global Tackifier Market | Growth, Trends, Analysis, Size

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The Global Tackifier Market to Progress at CAGR
of 4.53 by 2028
Triton Market Research presents the Global
Tackifier Market segmented by Application
(Hot-Melt Adhesive, Pressure Sensitive Adhesive,
Other Applications), Product Type (Natural,
Synthetic), Verticals (Non-woven, Packaging,
Construction/Assembly, Book Binding, Other
Verticals), Form (Resin Dispersion, Liquid,
Solid), and by Geography (Asia-Pacific, Middle
East and Africa, Latin America, North America,
Europe). It further discusses the Market Summary,
Industry Outlook, Impact of COVID-19, Key
Insights, Porters Five Forces Analysis, Market
Attractiveness Index, Vendor Scorecard, Key
Market Strategies, Drivers, Restraints,
Opportunities, Competitive Landscape, Research
Methodology Scope, Global Market Size,
Forecasts Analysis (2021-2028).
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mple Tritons report estimates the global
tackifier market is predicted to showcase growth
in revenue by 4.53 of CAGR during the studied
phase of 2021-2028. Tackifiers are chemical
elements that help in improving the stickiness of
adhesives. These tackifiers encompass the
ability to modify elastomers properties, and are
used for application in several industries,
including packaging and construction. The growing
demand for tackifiers from packaging,
construction, and pharmaceutical industries, are
generating several opportunities for the global
market during the forecast period. For instance,
tackifiers are widely used in the packaging and
construction industries for multiple
applications, including door sealants, packaging
tray seal, and seat upholstery attachments.
Further, in the pharmaceutical sector,
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the high demand for tackifiers is mainly owing to
the rising use of water-based and pressure-based
adhesives. However, the ambiguity regarding raw
material availability and cost is one of the
significant factors limiting the global
tackifier markets progress. Asia-Pacific holds
the largest market for tackifier globally, and is
anticipated to continue its stronghold over the
market during the considered period. In the
region, China, India, Japan, and South Korea are
key consumer market for hot-melt adhesives. In
terms of consumption, China is dominating the
market owing to favorable conditions, including
changing lifestyles and food consumption
patterns. Moreover, numerous market players are
entering the market with innovative products.
This further influences the demand for
tackifiers in multiple end-user industries, in
turn, boosting the tackifier market on a growth
path across the APAC region. The companies that
are engaged in the tackifier market are Yasuhara
Chemical Co Ltd, Exxon Mobil Corporation,
Teckrez Inc, Arakawa Chemical Industries Ltd, Les
Derives Resiniques Et Terpeniques SAS (DRT),
Mitsui Chemicals Inc, WestRock Company, TWC
Group, Lawter Inc, Neville Chemical Co, Eastman
Chemical Company, Natrochem Inc, Kraton
Corporation, Arkema SA, and Guangdong Komo Co
Ltd. The tackifier market requires high capital
investment and extensive domain knowledge, which
are majorly restricting the entry of new market
players. Moreover, existing players are
well-established and are known among the
end-users, further leading to the threat from new
entrants to be relatively low. On the other hand,
the intensity of competition among the current
market players is high. They are striving to
gain significant market share by initiating
innovative product developments and expanding
their business operations. Hence, the threat from
new market players is likely to be low, while the
competition among the current players is
expected to be high during the projected
phase. Contact Us sales_at_tritonmarketresearch.c
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