KEY FINDINGS The tackifiers Germany market is estimated to expand $228.7 million by 2024. The CAGR during the estimated period of 2017 to 2024 is 2.8%. The base year deliberated for the analysis of the market is 2016. The estimated periods are 2017-2025. Rise in the need for adhesives from the end-user industry, the evolvement of products in the tire industry and growing requirement from the packaging industry are the primitive reasons that are driving the growth of the tackifiers market in the region of Germany.
MARKET INSIGHTS The Germany tackifiers market is segmented on the basis of type, end-use, application and form. The market by type is further bifurcated into synthetic tackifiers and natural tackifiers. The market by end-use is further divided into packaging, book binding, non-woven, construction/assembly and others. The application segment is divided into pressure sensitive adhesive, hot melt adhesives, and others. The tackifier market by form is divided into solid tackifier which is further bifurcated into resin desperation tackifiers and liquid tackifiers.
The application market of tackifiers is expected to be dominated by pressure sensitive adhesive market. It is also anticipated that it is the most rapidly evolving market. The utilization of pressure sensitive adhesive is done in various businesses like tapes, graphics, and marks.
COMPETITIVE ANALYSIS The established companies in the Germany tackifiers market are Arakawa Chemical Industries, Chemical Company (Eastman), Guangdong Komo Co., Ltd., DRT, ExxonMobil Chemical, Lawter, Eastman Yasuhara Chemical Ltd., Westrock, Arizona Chemical, Arkema, and Westrock.