Tackifier Market Growth Rate, Capacity, Production, Revenue Forecast, 2028
Growing demand from packaging industry owing to its high standard performance adhesives across several end-use manufacturers is estimated to drive overall tackifier market in the forecast period. Rising use of enhanced technology for product advancements in tire industry will further boost tackifier growth.
(firmenpresse) - The tackifier market is estimated to expand at a healthy CAGR in the upcoming period. Rising use in hot-melt adhesives to correct the balance between adhesion and cohesion drives overall market growth. Tackifier is a chemical compound exclusively used in formulating adhesives. It plays an important role in hot-melt and pressure sensitive adhesives. Terpene resins, rosin resins, and petroleum resins are the major feedstock used in production of tackifiers.
Growing demand from packaging industry owing to its high standard performance adhesives across several end-use manufacturers is estimated to drive overall tackifier market in the forecast period. Rising use of enhanced technology for product advancements in tire industry will further boost tackifier growth. As tackifiers are used as stimulating agents in tire production for the commuter auto section. Furthermore, rising demand from developing regions like Asia Pacific will boost market growth in future. Owing to current advancement of hydrocarbon production services.
However, rising market infiltration of limonene and fluctuating prices of raw material hinder overall tackifier market growth. Also, varying of petroleum cracking in the direction of lighter feed may restrain tackifier growth in future. On the other hand, bio-based tackifiers are creating exclusive opportunities in market. Several medical-grade films and tapes may withstand gamma sterilization and ethylene oxide as they use high-quality tackifiers adhesives. WACKER’s VINNAPAS® PVAc solid resins are ideal for use in VOC-Compliant mastic adhesives and also as a tackifier in hot melt adhesives.
The prominent players operating in tackifier market are Guangdong Komo o. Ltd., Arizona Chemical, Arakawa Chemical Industries Ltd., Arkema, WestRock, DRT (Dérivés Résiniques et Terpéniques), Yasuhara Chemical, Eastman, Lawter, and ExxonMobil Chemical. These industries are competing against each other based on quality, variety, and price of their products. Also, have huge manufacturing services and varied geographical presence. In China, Arizona Chemical set up its first science and innovation research facility to serve organizations clients in Asia.
ExxonMobil Chemical Company announced its arrangements to build the main hydrogenated tackifiers industrial office in Singapore. The 90 kilotons per annum will double the organizations assembling limit of high-performance Escorez 5000 tackifying resins.
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Datum: 09.07.2020 - 10:04 Uhr
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