According to the recent research report titled ‘GLOBAL Tackifier Market 2021-2028’, available with Market Study Report, global tackifier market is expected to expand at a CAGR of 4.53% over 2021-2028.
 

Surging demand from tire & rubber industry and growing usage of adhesives are the key factors propelling global tackifier market growth, cites the study.
 

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Moreover, rising sales of hot-melt adhesives and mounting demand from pharmaceutical, construction, and packaging verticals are positively impacting the industry dynamics.
 

The report highlights the primary growth determinants, key trends, and opportunity windows impacting the industry growth graph. It also suggests effective practices that can be adopted to overcome the challenges in this domain.
 

Speaking of restraints, inconvenience of use in pharmaceutical applications, in tandem with uncertainty regarding availability and cost of raw material are hampering the industry remuneration.
 

Based on product type, worldwide tackifier market is divided into natural and synthetic. As per form, the industry is split into liquid, resin dispersion, and solid. Considering the application spectrum, the industry segmentation comprises hot-melt adhesive, pressure sensitive adhesive, and others. Moving on to verticals, the marketplace is classified into book binding, non-woven, construction/assembly, packaging, and others.
 

Elaborating on geographical ambit, Middle East & Africa, North America, Asia Pacific, Latin America, and Europe are the key contributors to the industry progression. Among these, Asia Pacific tackifier industry is poised to amass high returns over 2021-2028, attributable to growing manufacturing sector that is anticipated to boost the demand for tackifiers in automotive, packaging, electrical industries, and industrial machinery.
 

China and India have seen significant increase in car production due to the transfer of technology from western markets. Moreover, rising economies, rapid urbanization, and expanding infrastructure operations are all expected to help the industry grow across the region.
 

Key players influencing global tackifier industry trends are Kraton Corporation, Natrochem Inc., Exxon Mobil Corporation, Yasuhara Chemical Co. Ltd., Lawter Inc., Guangdong Komo Co. Ltd., Neville Chemical Co., Les Derives Resiniques Et Terpeniques SAS (DRT), Mitsui Chemicals Inc., Arakawa Chemical Industries Ltd., Eastman Chemical Company, TWC Group, Arkema SA, and Teckrez Inc.