Global Tackifier Market 2017-2021

Overview of the global tackifier market

Research analysis on the global tackifier market identifies that the rising demand for tackifiers from the packaging, construction, and pharmaceutical industries will be one of the major factors that will have a positive impact on the growth of the market. The rising number of construction projects and the increasing sales of furniture will boost the adoption of tackifiers. Tackifier adhesives are extensively used in door sealants, seat upholstery attachments, and packaging tray seals in the packaging and construction industries. Tackifier adhesives are usually solvent-based liquids, tapes, monomer-polymer mixtures, emulsions, and liquid or powder curing agents. The adoption of tackifiers will increase in the medical industry due to the rising demand for water-based and pressure-based adhesives. Various medical-grade tapes and films can withstand ethylene oxide and gamma sterilization because they use high-quality tackifiers adhesives. Technavio's market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

In terms of geography, APAC contributed the maximum market shares during 2016 due to the increasing number of construction activities. The market will continue to grow in the region for the next four years due to the rising amount of investments and the upgradation of manufacturing plants. The recent upgrade of hydrocarbon production facilities and the rising demand from the packaging industry, will also drive the demand for tackifiers in APAC.

Competitive landscape and key vendors