MMarketMonitor

North America Tackifiers Market Worth USD 761.29 Million by 2021

Press Release   •   May 30, 2016 16:07 IST

The report “North America tackifiers Market by type (synthetic and natural), application (pressure sensitive adhesive, hot melt adhesive, and others), form (solid, resin dispersion, and liquid), end-use industry (packaging, book binding, nonwoven, construction/assembly, and others), and by region”, North America tackifiers market Is Projected to reach USD 761.29 million by 2021 at CAGR of 2.4% from 2016 to 2021.

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This growth is driven by the increasing demand from the packaging industry and book-binding industry. U.S. is the largest market for tackifiers due to presence of large manufacturing base in this region. Canada and Mexico are established markets with major players coming from this region.

Tackifiers in pressure sensitive adhesives are expected to dominate North America tackifiers market by 2021

Tackifiers are mainly used in pressure sensitive adhesives and hot melt adhesives. Pressure sensitive adhesives are used mainly in the tapes, labels, and graphic industries. Depending upon the application in which they are used, tapes can be industrial, specialty, or medical. Pressure sensitive adhesives are expected to maintain its high share in tackifiers market by 2021.

Packaging industry to dominate the North America tackifiers market by 2021

The Packaging was the largest end-use industry in North America in 2015 followed by book-binding and nonwoven. Tackifiers are used in the manufacturing of adhesives, which are further processed and used in the packaging industry. Packaging industry is the largest end-user industry of adhesives, and consumes around 65% of the total adhesive production globally, thus driving the demand for the tackifiers in packaging industry.

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The key players operating in the North America tackifiers market are Eastman (U.S.), ExxonMobil (U.S.), Arizona Chemicals (U.S.), Arkema (France), DRT (Dérivés Résiniques et Terpéniques) (France), Lawter (U.S.), Guangdong Komo Co. Ltd (China), Yasuhara Chemical Co., Ltd, (Japan), and Arakawa Chemical (Japan), among others.

The report focuses on the current market trends, estimates and forecasts for the period 2016-2021. Key strategic activities in the market including mergers/acquisitions, collaborations/partnerships, product launches/developments have been covered which provides a deep insight about the growth perspectives of the market. New product developments and Expansion is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of Tackifiers to match the new demands coming from various end-user industries.

The report covers Tackifiers market by type (synthetic and natural), application (pressure sensitive adhesive, hot melt adhesive, and others), form (solid, resin dispersion, and liquid), end-use industry (packaging, book binding, nonwoven, construction/assembly, and others), and by region.

Brief information on Research methodology for the report can be found in the report description provided on website.

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