Behind the huge growth of the Tackifiers For Hot Melt Adhesives Market during the Forecast Period 2022-2030

 

Absolute Markets Insights proclaims the addition of comprehensive analysis titled as, Tackifiers For Hot Melt Adhesives Market to its massive repository. It covers different existing and futuristic developments across the global regions such as North America, Latin America, Asia-Pacific, Europe, and India. In addition to this, it gives a complete analysis of some significant financial terms such as cost, shares, pricing structures and profit margins. Wide-ranging informative data has been examined by using exploratory techniques such as primary and secondary research.

To provide an effective business outlook, different case studies from various top-level industry experts, business owners, and policymakers have been included to get a clear vision about business methodologies to the readers. SWOT and Porter’s Five model have been used for analyzing the Tackifiers For Hot Melt Adhesives market on the basis of strengths, challenges and global opportunities in front of the businesses.

The major key pillars for global Tackifiers For Hot Melt Adhesives market are listed below: Arakawa Chemical Industries, Ltd., BASF SE, Cray Valley, DRT, Eastman Chemical Company, ExxonMobil, Harima Chemicals Group, Inc., Kolon Industries, Inc., Kraton Corporation, Rain Carbon Germany GmbH, Yasuhara Chemical Co., Ltd., and Zeon Corporation

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In terms of revenue, the Global Tackifiers For Hot Melt Adhesives Market was valued at US$ 1582.17 Mn in 2020 growing at a CAGR of 3.9% over the forecast period (2022 – 2030).

According to Absolute Markets Insights report, Rosin resins is expected to grow at the fastest rate during 2022-2030 period in the global tackifiers for hot melt adhesives market. Low prices, abundant availability, natural origin and chemical modification potential are some of the major factors projected to drive the segment growth at proliferative rate. The utility of such resins can be enhanced via several modifications including hydrogenation, dimerization, functionalization, esterification or by combination of aforementioned modifications. Commercially derived products include rosin esters, hydrogenated rosin resins, dimerized rosin resins and modified rosin resin. High demand for such products for construction, cord strapping, carpeting & textiles, and automotive applications is projected to further propel the product demand.

Some of the key challenges for global adhesive and sealants market are meeting industry’s regulatory demands and consumer preferences for sustainable packaging. Growing trend towards environmentally friendly packaging has led adhesive manufacturers to influence consumer companies to incorporate packaging materials which are compostable, recyclable, or made from bio renewable sources. As tall oil rosin esters offer high performance, it can help adhesive formulators to choose right tackifier while providing high-quality options for eco-conscious customers. Pine based tackifier performance attributes include bio renewable source i.e., adhesive manufacturers can offer sustainable options to end-users, low initial colour, super adhesion, and increased thermal stability. As growing environmental concerns affect the consumer purchase decisions, various end-users have committed toward improving their sustainability packaging profile. Such factors are projected to drive the tackifiers for hot melt adhesives market growth in the extended run.

Segmentation of Tackifiers For Hot Melt Adhesives Market:

By Type of Resin:

• Hydrocarbon Resins
• Rosin Resins
• Terpene Resins
• Others

By Form: 

• Solid
• Molten
• Liquid

By Application: 

• Packaging
• Corrugated Board
• Non-pressure Sensitive Labels, Signs, Decals and Marking Systems
• Flexible & Specialty Packaging
• Composite Containers and Tubes
• Others
• Nonwovens & Disposables
• Automotive
• Bookbinding
• Electronics
• Shoemaking
• Road Marking
• Woodworking
• Building and Construction
• Textiles
• Others

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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