Tackifier Market Dynamics, Developments, Potential Players & Worldwide Opportunities 2023
Tackifier Market Synopsis: According to the MRFR analysis, the Tackifier Market was valued at around USD 5.73 billion by 2028 , registering a CAGR of 4.81% during the forecast period (2021 - 2030), The market was valued at USD 3.56 Billion in 2020. Tackifiers are light molecular weight, glassy, amorphous compounds that are mixed with the base polymer in adhesives during preparations to enhance its mobility, thereby, improving the tack and peel adhesion. They are majorly used in the applications of hot melt adhesives (HMA) and pressure-sensitive adhesives (PSA). The key factor driving the growth of the global tackifier market is the increase in their demand in the expanding building and construction industry across the globe. Pricing and Regulatory Analysis In 2018, among natural tackifiers, the gum rosin was priced between USD 1900–2200 per ton across the globe. Witnessing a gradual rise of USD 0.19 to 0.40 ...