Published on : Jan 09, 2020
A recent market research report added in the vast repository of ResearchMoz gives information about the global rosin ester tackifiers market and its overall working dynamics. This report on the rosin esters market provides comprehensive analysis, market shares, key trends, opportunities, and driving and restraining factors that are influencing the growth of the market. Along with in-detail market segmentation, the research report offers key insights and information that are imperative for devising decisive marketing strategies.
Tackfiers are generally a compound with low molecular weight that are used as an additive for the adhesive formulations so as to improve the peel and tack adhesion. They spread across the polymer matrix as there is disintegration of their structure. Because of this, these tackifiers help in enhancing the mobility and tack of the base polymer. These tackifiers are generally resins such as rosin esters, aromatic and aliphatic resin, and derivatives of rosins among others.
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Rosin, also known as colophony or resin acid, is a naturally occurring resin. It is generally derived from spruce trees and pine trees. Unlike carbon resins, rosin ester is not a polymer but a complicated blend of acidic molecules with high molecular weight including pimaric type acids and abietic acids. These rosin esters are important additives for rubbers, plastics and other related products.
Increasing Demand from End Use Industries to Drive Market Growth
There are several factors that are helping to drive the growth of the global rosin esters tackfiers market. One of the key driving factors for the growth of the market has been the recent leniency shown by numerous governments towards the use of rosin esters. Moreover, the growing demand for these rosin esters is also increasing from the end use application sectors. This too is expected to help the growth of the global rosin ester tackifiers market. Rosin esters are highly compatible with a wide range of polymers such as alkyd resins, hydrocarbon resins, acrylics, neoprene, rubbers, and SBR among others. Such wide range of compatibility and ease of access and use is also helping to fuel the demand for rosin esters. This is thus having a direct positive impact on the growth of the global rosin esters tackifiers market. With such firm driving factors, naturally, the global market is on course to achieve a strong growth in the coming years of the forecast period.
Depending upon the type of rosin ester tackifier, the market is segmented into glycerol ester of rosin, pentaerythritol ester of rosin, and others.
In terms of segmentation by application, the global rosin ester tackfier market is segmented into inks and coatings, adhesives, polymer modification, chewing gum, and others. Of these, the global rosin esters tackfiers market is expected to be dominated by polymer modification segment. With the increasing demand for polymers across the globe, the segment is thus projected to witness a steady growth in the coming years of the forecast period.
In terms of geographical segmentation, the global rosin esters tackifiers market has five major regional parts. These regional segments are Asia Pacific, Middle East and Africa, North America, Latin America, and Europe. Of these, the regional segment of Asia Pacific is projected to show a promising rate of growth in the coming years of the forecast period. North America and Europe too are expected to show steady growth during the projection period.
Some of the leading companies in the global rosin esters tackifiers market include names such as Wuzhou Sun Shine, Robert Kraemer, Lawter, Xinsong Resin, Ingevity, Kraton Corporation, DRT, Eastman, Guangdong KOMO, Yinlong, and Arakawa Chemical among others. These companies in the market are concentrating on research and development activities for creating advanced and innovative products.