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Tackifier Market Share

Report ID: GMI7666
Published Date: Dec 2023
Report Format: PDF

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Tackifier Market Share

Some of the major market players operating in the tackifier industry are Eastman Chemical Company, ExxonMobil Corporation, Arkema S.A., Kraton Corporation, DRT (Dérivés Résiniques et Terpéniques), Yasuhara Chemical Co. Ltd., among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

In July 2023, ExxonMobil Corporation has finalized an agreement to acquire Denbury Inc., a move that underscores its commitment to expanding its Low Carbon Solutions sector. This acquisition is aimed at strategically broadening its capacity to cater to challenging-to-decarbonize industries by providing an extensive carbon capture and sequestration portfolio.

Tackifier Market Companies

Major players operating in the tackifier industry include:

Eastman Chemical Company
ExxonMobil Corporation
Arkema S.A.
Kraton Corporation
DRT (Dérivés Résiniques et Terpéniques)
Yasuhara Chemical Co. Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for tackifier was valued at USD 4 Billion in 2023 and is anticipated to grow a CAGR of over 3.6% between 2024 and 2032, driven by expanding demand from the packaging, automotive, and building sectors.

Synthetic tackifiers segment held a larger market share, around 75% in 2023, owing to specific adhesion characteristics and affordability in formulating adhesives.

The U.S. tackifier market was valued at USD 1.5 billion 2023 and it is expected to generate notable revenues in the upcoming years, backed by distinct tendency among the consumers for ecofriendly and sustainable tackifiers due to environmental issues as well as government regulations.

Eastman Chemical Company, ExxonMobil Corporation, Arkema S.A., Kraton Corporation, DRT (Dérivés Résiniques et Terpéniques) and Yasuhara Chemical Co. Ltd.