Global “Tackifier Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Tackifier market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global Tackifier market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Playersin Tackifier Market Research Report 2019-2023
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Overview of Tackifier Market:
The global tackifier market is expected to grow at a moderate rate during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market share, followed by North America and Europe in 2017.High Demand for Hot-melt AdhesivesTackifiers are used in hot-melt adhesives to generate tack and to improve adhesion. These adhesives use tackifiers to correct the balance between adhesion and cohesion, depending on the end-use application. Thus, the growing demand for hot-melt adhesives increases the demand for tackifiers.Hot-melt adhesive, also known as hot glue, is a solvent-free and thermoplastic material. These adhesives are melted and applied on the surface and then solidified by cooling to lend a strong adhesion. They are applied in the molten state at temperatures ranging from 120°C to 180°C depending on the surfaces that are to be bonded. The major applications of hot-melt adhesives are in the packaging, automotive, footwear, construction and furniture, bookbinding, electronics and electronic assembly, non-woven application, and other industries.Hot-melt adhesives, owing to their long shelf life, reduced VOC emissions (because of the absence of solvent-borne solutions), and strong adhesion properties, are becoming an integral part of various commercial and industrial sectors. Hot-melt adhesives are thus replacing solvent-borne adhesives in various industries, especially in the construction and electronics sectors.Rising Demand for Synthetic TackifierSynthetic tackifying resins are petroleum-derived resins that are highly compatible with most base polymers, such as natural rubber, EVA, PE, SBR, SBS, acrylics, and polymer modifiers. They provide tack and adherence to varied surfaces, and influence the adhesive’s color, odor, and stability. Tackifier selection depends primarily on softening point, composition, molecular weight, and molecular weight distribution. Furthermore, they are used to make other adhesive additives compatible.The major end-user applications include tapes, labels, nonwovens, packaging, and other adhesive products. They impart excellent thermal stability, light color, polymer compatibility, and low odor to their formulations. The demand for synthetic tackifiers is increasing with the increasing usage of these in the packaging, automotive, and building and construction industries over the forecast period.Asia-Pacific is Dominating the MarketContinuous improvement in the economic conditions of the Asia-Pacific region has enhanced the financial status of the consumers, which, in turn, has increased the demand for electronic appliances, buildings, automobiles, and textiles in the region. Furthermore, the rapidly growing electronics industry (owing to the consistently increasing demand for electronic appliances and rising demand for packaging and non-woven disposables) is expected to offer numerous opportunities in the growth of the Asia-Pacific tackifier market.The major adhesive manufacturing companies, such as Henkel, H B Fuller, Ashland, and Evonik, have their manufacturing plants in this region, and they are planning to build more manufacturing plants, which likely will increase the production of adhesives. The increase in the production of adhesives and their outputs is expected to increase the consumption of tackifiers. China is also one of the largest exporters of adhesives to many countries, which, in turn, will likely drive the tackifiers market over the forecast period. Thus, the Asia-Pacific region proves to be of immense potential and opportunities for the tackifier market.Major players: Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxonmobil Chemical Company Inc. and Yasuhara Chemical.
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Key Highlights from Tackifier Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Tackifier industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Tackifier Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — Tackifier Market report additionally provides distribution, Production, Consumption for the complete industry.
Tackifier MarketTop Regions(regional analysis covers):-
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Tackifier Market 2019 Report Brief:-
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