Market Size of C5 Resin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
C5 Resin Market Analysis
The global C5 resin market is expected to register a CAGR of over 4% during the forecast period (2022-2027).
The COVID-19 pandemic negatively affected the market in 2021. There was a decline in the demand for paints and coatings, printing inks, rubber compounding, etc. However, the market is excepted to regain its growth trajectory in the coming years.
- In the short term, the strong growth of the construction industry and rapid increase in demand for hot-melt adhesives from the packaging industry are expected to drive the market.
- The replacement of petroleum resins with rosin resins is expected to hinder the growth of the market.
- The Asia-Pacific region is expected to dominate the market. The highest demand may be from China, followed by India.
C5 Resin Industry Segmentation
The Global C5 resins market is segmented based on application and geography. By application, the market is segmented into paints and coatings, adhesives and sealants, printing inks, rubber compounding, and other applications (paper sizing agents, plastic modifiers). The report also studies the market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).
| Application | |
| Paints and Coatings | |
| Adhesives and Sealants | |
| Printing Inks | |
| Rubber Compounding | |
| Other Applications (Paper Sizing Agents, Plastic Modifiers) |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
C5 Resin Market Size Summary
The global C5 resin market is poised for growth, driven by the robust expansion of the construction industry and the increasing demand for hot-melt adhesives in the packaging sector. Despite the initial setbacks caused by the COVID-19 pandemic, which led to a decline in demand across various sectors such as paints, coatings, and rubber compounding, the market is expected to recover and regain its growth trajectory. The Asia-Pacific region, particularly China and India, is anticipated to dominate the market due to its significant production and consumption of paints, coatings, and rubber. However, the shift from petroleum resins to rosin resins may pose challenges to market expansion.
C5 hydrocarbon resins are predominantly utilized in adhesives and sealants, offering excellent adhesion and compatibility with various base polymers and antioxidants. The automotive sector, especially the electric vehicle industry, is a key driver for these resins, as they serve as lightweight and strong alternatives to traditional mechanical fasteners. The global increase in electric vehicle sales further bolsters the demand for C5 resins in automotive applications. The market is characterized by a consolidated structure, with major players like Eastman Chemical Company, Kolon Industries Inc., and ExxonMobil Corporation holding significant shares. Recent strategic moves, such as Eastman Chemical Company's divestiture of its adhesive resins assets, highlight the dynamic nature of the market.
C5 Resin Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Demand for Adhesives and Sealants from the Packaging Industry
-
1.1.2 Expansion of the Construction Industry
-
-
1.2 Restraints
-
1.2.1 Replacement of C5 Resins
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Application
-
2.1.1 Paints and Coatings
-
2.1.2 Adhesives and Sealants
-
2.1.3 Printing Inks
-
2.1.4 Rubber Compounding
-
2.1.5 Other Applications (Paper Sizing Agents, Plastic Modifiers)
-
-
2.2 Geography
-
2.2.1 Asia-Pacific
-
2.2.1.1 China
-
2.2.1.2 India
-
2.2.1.3 Japan
-
2.2.1.4 South Korea
-
2.2.1.5 Rest of Asia-Pacific
-
-
2.2.2 North America
-
2.2.2.1 United States
-
2.2.2.2 Canada
-
2.2.2.3 Mexico
-
-
2.2.3 Europe
-
2.2.3.1 Germany
-
2.2.3.2 United Kingdom
-
2.2.3.3 Italy
-
2.2.3.4 France
-
2.2.3.5 Rest of Europe
-
-
2.2.4 South America
-
2.2.4.1 Brazil
-
2.2.4.2 Argentina
-
2.2.4.3 Rest of South America
-
-
2.2.5 Middle-East and Africa
-
2.2.5.1 Saudi Arabia
-
2.2.5.2 South Africa
-
2.2.5.3 Rest of Middle-East and Africa
-
-
-
C5 Resin Market Size FAQs
What is the current C5 Resin Market size?
The C5 Resin Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in C5 Resin Market?
Eastman Chemical Company , Kolon Industries, Inc., Zibo Luhua Hongjin New Material Co. Ltd , ExxonMobil Corporation and Zeon Corporation are the major companies operating in the C5 Resin Market.
