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Tackifier Market Size
- Report ID: GMI7666
- Published Date: Dec 2023
- Report Format: PDF
Tackifier Market Size
Tackifier Market was valued at USD 4 billion in 2023 and is anticipated to grow a CAGR of over 3.6% between 2024 and 2032.
Growth of the tackifier industry is being driven by expanding demand from the packaging, automotive, and building. Specifically, it can be attributed to enhanced adhesive usage. There has been an increased pressure on the market due to strict legislations as well as rise in the level of environmental awareness with regard to eco-friendly and sustainable tackifiers, favouring the use of bio based or natural tackifiers. Besides, Asia pacific too is another major area because of rapid industrialization, infrastructural development, growing packaging segment and innovation in products and their applications further fuel this domain.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Tackifier Market Size in 2023: | USD 4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 3.6% |
| 2032 Value Projection: | USD 5.5 Billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 197 |
| Segments covered: | Product Type, Form, Application & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Environmental regulations restrict some synthetic tackifiers. Volatile raw material prices affect manufacturing costs, posing challenges to stability and profitability in the market.
Frequently Asked Questions (FAQ) :
Tackifier Market Scope
