Mordor Intelligence announces the publication of their research report on the Tackifiers chemicals market. The report titled, “Global Tackifier Market - Segmented by Feedstock, Form, Type, Application, End-user Industry, and Geography - Trends and Forecasts” discusses the current landscape and outlook of the said market.
The global tackifier market was valued at USD 2,843.1 million in 2015, and is projected to reach USD 3,730.17 million by 2021, growing at a compound annual growth rate (CAGR) of 4.63% during the forecast period.
The report is segmented based on the following.
These segments are further broken-down for better representation.
This market is driven by growing urban infrastructure in the developing countries and a high demand for melt adhesives in the Asia-Pacific region. Growth in the automotive, tourism, hospitals, engineering and textile departments will contribute towards market growth. However, the market has certain drawbacks, volatility in raw material prices, is just to name one.
The end-user industries for the tackifier market includes automotive, building & construction (including furniture), non-woven, packaging and footwear. Off these, the packaging industry dominates the global consumption of tackifiers with a share of 52.38%.
Major companies dominating this market for their products, services and continuous product developments are ExxonMobil, Lawter, Eastman Chemical Company, DRT and Arizona Chemicals, among others.
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