The Aqueous Tackifier Resin Dispersion market was valued at USS 675 million in 2019 and expected to grow at a CAGR of 8% during the forecast period from 2020 to 2027 to reach around USD 930 million in 2027.
Global Aqueous Tackifier Resin Dispersion Market, 2015 – 2027 (USD Million)
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Aqueous Tackifier Resin Dispersions are of crucial importance in improvement of adhesion and cohesion performance of pressure sensitive as well as hot melt adhesives. Aqueous Tackifier Resin Dispersion are added to many other dispersions such as PVE, EVA, SBR, NBR, etc. for the desired changes in the adhesion properties. Earlier Tackifier Resin Dispersions use to include high level of volatile organic solvents. However, with increasing environmental concern due to VOC’s, solvent free Aqueous Tackifier Resin Dispersions are used more predominantly now.
Key Trends in Global Aqueous Tackifier Resin Dispersion Market
Strong Demand for Aqueous Tackifier Resin Dispersion in Pressure Sensitive Adhesive Application
Strong demand for Aqueous Tackifier Resin Dispersion in pressure sensitive application is mainly driving growth of this industry. Pressure sensitive adhesives are mainly used in contact adhesion and flooring applications. Labelling and tapes are also driving demand for pressure sensitive applications. Aqueous Tackifier Resin Dispersions are typically used in label, tapes and decal applications based on different types of natural as well as synthetic rubber latex or emulsion polymers. With growing demand for pressure sensitive adhesives, the demand for Aqueous Tackifier Resin Dispersion is likely to grow.
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Impact of COVID 19 on Global Aqueous Tackifier Resin Dispersion Market
COVID 19 has left an unparalleled impact on growth of global Aqueous Tackifier Resin Dispersion industry. The global Aqueous Tackifier Resin Dispersion has witnessed very severe setback like never before. The demand for Aqueous Tackifier Resin Dispersion is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for Aqueous Tackifier Resin Dispersion.
Global Aqueous Tackifier Resin Dispersion Market by Type Insights
Based on its type, the global Aqueous Tackifier Resin Dispersion market can be segmented into Synthetic tackifiers and Natural tackifiers. The By type, Synthetic tackifiers segment dominated the global Aqueous Tackifier Resin Dispersion market with over 60% share in 2019. Natural rosins also hold significant market share in 2019. Most commonly used natural tackifiers are rosins and rosin derivatives as well as terpens.
Global Aqueous Tackifier Resin Dispersion Market by Application Insights
Based on its Applications, the global Aqueous Tackifier Resin Dispersion market can be segmented into Pressure sensitive adhesives (PSA) and Hot melt adhesives (HMA). By Application, Pressure sensitive adhesives was largest segment in 2019 with over 65% share in total revenue generated by this industry. The pressure sensitive adhesives are growing in demand as result of increasing market for tapes and labels around the world. This in turn fueling the growth of Aqueous Tackifier Resin Dispersion market.
Global Aqueous Tackifier Resin Dispersion Market Share by Application, 2019
Packaging, Bookbinding, Nonwoven, Construction/assembly and Others are some of the major end-user industries for Aqueous Tackifier Resin Dispersion. Packaging was the largest end-user industries for Aqueous Tackifier Resin Dispersion.
Global Aqueous Tackifier Resin Dispersion Market by Regional Insights
Asia Pacific accounted for over 40% share in total revenue generated by the global Aqueous Tackifier Resin Dispersion market in 2019. Asia Pacific was followed by North America. Asia Pacific Aqueous Tackifier Resin Dispersion market is likely to held the largest share over the forecast period. Ever increasing end-user industries in the region is mainly driving the growth of Aqueous Tackifier Resin Dispersion in Asia Pacific. Packaging and automotive are the largest end-use industries for Aqueous Tackifier Resin Dispersion and currently led by Asia Pacific. Despite of small consumption at present, Latin America and Middle East & Africa hold significant potential to grow in the years to come.
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Global Aqueous Tackifier Resin Dispersion Market Competitive Landscape
Key players operating in the field of manufacturing Aqueous Tackifier Resin Dispersion including but not limited to Eastman Chemical, Kraton, Dyna-Tech Adhesives, Lawter, DANQUINSA, Harima Chemicals, BAOLIN, RESPOL RESINAS, Schill + Seilacher, ExxonMobil, Arizona Chemicals, Arkema, DRT, Guangdong Komo Co. Ltd., Yasuhara Chemical Co., Ltd. and Arakawa Chemical. Global Aqueous Tackifier Resin Dispersion market is highly fragmented with large number of players. Most of players are focusing improvement of their distribution network to increase their reach to end-users. Major companies are focusing on extensive research and development to have competitive advantage over their rivals with development of innovative products.
Market Segmentation
Global Aqueous Tackifier Resin Dispersion Market by Type, 2015 – 2027
· Synthetic tackifiers
· Natural tackifiers
Global Aqueous Tackifier Resin Dispersion Market by Application, 2015 – 2027
· Pressure sensitive adhesives (PSA)
· Hot melt adhesives (HMA)
Global Aqueous Tackifier Resin Dispersion Market by End-user, 2015 – 2027
· Packaging
· Bookbinding
· Nonwoven
· Construction/assembly
· Others
Global Aqueous Tackifier Resin Dispersion Market by Region, 2015 – 2027
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Global Aqueous Tackifier Resin Dispersion Market: Key Players
· Eastman Chemical
· Kraton
· Dyna-Tech Adhesives
· Lawter
· DANQUINSA
· Harima Chemicals
· BAOLIN
· RESPOL RESINAS
· Schill + Seilacher
· ExxonMobil
· Arizona Chemicals
· Arkema
· DRT
· Guangdong Komo Co. Ltd.
· Yasuhara Chemical Co., Ltd.
. Arakawa Chemical
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