Synthetic Tackifiers Market

Explore the Synthetic Tackifiers Market, including emerging trends, regional analysis, and future growth prospects

Improving Adhesive Performance: The Potential of Synthetic Tackifiers

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-81274 Format: PDF Pages: 300

Report Highlights

According to a research survey conducted by ChemView Consulting, Synthetic Tackifiers Market is estimated to be worth US$ 4.09 Bn in 2023. The market is expected to grow at a CAGR of 4.80 % between 2023 and 2033 to hit US$ 6.54 Bn by 2033 end.

Key Market Trends

The Future of Eco-Friendly Adhesives

With increasing awareness of the impact of traditional synthetic materials on the environment, the demand for sustainable alternatives has risen. The synthetic pacifiers market is no exception. In the coming years, we can expect the development and commercialization of synthetic tackifiers that are derived from renewable resources and have lower carbon footprints. These eco-friendly tackifiers will be used in a variety of applications such as packaging, automotive, and construction, to make products more sustainable and reduce waste.

Advanced Processing Techniques for High-Performance Synthetic Tackifiers

As the demand for high-performance adhesives continues to grow, manufacturers are turning to advanced processing techniques to improve the properties of synthetic tackifiers. In the near future, we can expect the development and use of techniques such as microencapsulation, emulsion polymerization, and surface modification to enhance the strength, durability, and thermal stability of synthetic tackifiers. These advanced processing techniques will open up new possibilities for the use of synthetic tackifiers in industries such as aerospace, electronics, and medical devices, where high-performance adhesives are critical.

Market Drivers

Adhesive Advancements: Synthetic Tackifiers Elevating Adhesive Performance

The growing demand for high-performance adhesives in industries such as packaging, construction, and automotive has driven the synthetic tackifiers market. These tackifiers enhance adhesive properties like bond strength, adhesion, and durability, making them essential for various bonding applications and ensuring reliable performance.

Flexible Formulations: Synthetic Tackifiers Supporting Customizable Adhesive Solutions

The increasing need for tailor-made adhesive solutions for specific applications has fueled the growth of the synthetic tackifiers market. These tackifiers offer the ability to customize adhesion properties, processing characteristics, and compatibility, allowing manufacturers to create specialized adhesive products for various industries.

Sustainable Solutions: Synthetic Tackifiers Embracing Eco-friendly Alternatives

As the focus on sustainability and environmentally friendly practices in the adhesives industry increases, the synthetic tackifiers market has evolved to incorporate greener alternatives. The development of bio-based and biodegradable synthetic tackifiers helps reduce environmental impact while maintaining adhesive performance, further driving market growth.

Segmentation Insights

After conducting a thorough analysis of the Synthetic Tackifiers Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and widespread adoption.

Most Popular (Fastest Growth Rate)

Hydrocarbon Tackifiers (Hot Melt Adhesives)

Hydrocarbon Tackifiers have emerged as the most popular choice in the Synthetic Tackifiers Market for Hot Melt Adhesives. These tackifiers offer excellent thermal stability, low odour, and good compatibility with a wide range of polymers, making them ideal for use in hot melt adhesives used in packaging, construction, and textiles. The high performance and versatility of hydrocarbon tackifiers make them the preferred choice for consumers seeking reliable and effective adhesive solutions.

Most Selling (Largest Market Share)

Phenolic Tackifiers (Pressure Sensitive Adhesives)

Phenolic Tackifiers are the most selling product in the Synthetic Tackifiers Market for Pressure Sensitive Adhesives. These tackifiers offer exceptional adhesion and high-temperature resistance, making them ideal for use in pressure-sensitive adhesives used in the medical devices, paper and packaging, and construction industries. The high-quality and performance of phenolic tackifiers make them the go-to choice for consumers seeking effective and long-lasting adhesive solutions.

Trending (Gaining Traction)

Hydrocarbon Tackifiers (Polymer and Plastics)

Hydrocarbon Tackifiers are gaining significant traction in the Synthetic Tackifiers Market for Polymer and Plastics. These tackifiers offer excellent compatibility with a wide range of polymers and plastics, improving the adhesion properties and increasing the bonding strength. The versatility and ease of use of hydrocarbon tackifiers make them the trending choice for consumers seeking effective and efficient solutions in the polymer and plastics industry.

Regional Insights

Growing demand for green and sustainable products fuels the synthetic tackifiers market in North America

The demand for green and sustainable products is increasing rapidly in North America, driven by the growing awareness of the harmful effects of traditional products on the environment. Synthetic tackifiers, which are derived from petrochemicals, are known for their non-renewable nature and harmful effects on the environment. As a result, the demand for green and sustainable alternatives to synthetic tackifiers is increasing in North America.

The development of bio-based tackifiers is one of the key trends in the synthetic tackifiers market in North America. These tackifiers are derived from renewable sources such as plant resins and are environmentally friendly. Additionally, they offer similar adhesive properties to synthetic tackifiers, making them suitable for use in various applications.

Increasing Awareness about Sustainable Products to Boost the Synthetic Tackifiers Market in Asia Pacific

The synthetic tackifiers market in the Asia Pacific region is expected to witness significant growth in the coming years due to the increasing awareness about sustainable products. As consumers become more conscious about the environmental impact of products, there is a growing demand for eco-friendly and sustainable solutions across various industries.

Synthetic tackifiers offer several sustainable benefits, such as reduced carbon footprint, lower energy consumption, and longer product lifespan. This has resulted in an increased adoption of synthetic tackifiers in various applications, including packaging, automotive, and construction.

Report Includes

Research Scope/Taxonomy
Market Analysis by Types:

  • Hydrocarbon
  • Phenolic

Market Analysis by Application:

  • Hot Melt Adhesives
  • Pressure Sensitive Adhesives
  • Solvent Based Adhesives
  • Natural Rubber Systems
  • Synthetic Rubber Systems

Market Analysis by End use:

  • Paints and Coatings
  • Polymer and Plastics
  • Medical Devices
  • Paper and Packaging
  • Construction
  • Textile

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • Exxon Mobil Corporation
  • Eastman Chemical Company
  • Hexion Inc.
  • Kraton Corporation
  • Enterplast, Inc.
  • Harima Chemicals Inc.
  • Asahi Chemical Synthetic Co., Ltd
  • Taoka Chemical Co., Ltd
  • Pukhraj Additives LLP
  • Pinova Inc.
  • Full Service S.R.L

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Application W.R.T. Product Types

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Key Market Trends

10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Types [Value (US$ Mn) and Volume (Tons) Analysis]

10.3.1. Hydrocarbon

10.3.2. Phenolic

10.4. Market Attractiveness Analysis by Types

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]

11.2.1. Hot Melt Adhesives

11.2.2. Pressure Sensitive Adhesives

11.2.3. Solvent Based Adhesives

11.2.4. Natural Rubber Systems

11.2.5. Synthetic Rubber Systems

11.3. Market Attractiveness Analysis by Application

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use [Value (US$ Mn) and Volume (Tons) Analysis]

12.2.1. Paints and Coatings

12.2.2. Polymer and Plastics

12.2.3. Medical Devices

12.2.4. Paper and Packaging

12.2.5. Construction

12.2.6. Textile

12.3. Market Attractiveness Analysis by End-Use

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Types

14.3.3. By Application

14.3.4. By End-Use

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Types

14.4.3. By Application

14.4.4. By End-Use

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Types

15.3.3. By Application

15.3.4. By End-Use

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Types

15.4.3. By Application

15.4.4. By End-Use

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Types

16.3.3. By Application

16.3.4. By End-Use

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Types

16.4.3. By Application

16.4.4. By End-Use

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Types

17.3.3. By Application

17.3.4. By End-Use

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Types

17.4.3. By Application

17.4.4. By End-Use

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Types

18.4.3. By Application

18.4.4. By End-Use

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Types

18.5.3. By Application

18.5.4. By End-Use

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Types

19.4.3. By Application

19.4.4. By End-Use

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Types

19.5.3. By Application

19.5.4. By End-Use

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. Exxon Mobil Corporation

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. Eastman Chemical Company

21.3. Hexion Inc.

21.4. Kraton Corporation

21.5. Enterplast, Inc.

21.6. Harima Chemicals Inc.

21.7. Asahi Chemical Synthetic Co., Ltd

21.8. Taoka Chemical Co., Ltd

21.9. Pukhraj Additives LLP

21.10. Pinova Inc.

21.11. Full Service S.R.L