C9 Resin Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
C9 Resin Market Analysis
The market for global c9 resin is expected to grow at a CAGR of over 5% globally during the forecast period. Strong growth of the construction industry and rapid increase in demand for hot-melt adhesives from packaging industry are driving the market growth.
- Replacement of petroleum resins by rosin resins are expected to hinder the growth of the market.
- Asia-Pacific region is expected to dominate the market with most of the demand coming from China, followed by India
C9 Resin Market Trends
This section covers the major market trends shaping the C9 Resin Market according to our research experts:
Growing Demand from Adhesives & Sealants Application
- C9 Resins are used in adhesives as these resins have very good adhesiveness; they can increase the adhesiveness of adhesives, resistance to acid, alkaline and water.
- These are widely used as tackifiers in the adhesives to increase the adhesion. These resins also reduce the production cost.
- These are majorly used in hot-melt adhesives and pressure-sensitive tapes and labels. The increase of hot melt adhesives in automotive, healthcare and paper, board & packaging is increasing rapidly in the Asia-Pacific, Europe, and North America region.
- The usage of pressure sensitive tapes and labels are also growing majorly in the packaging and medical industry, which is also contributing to the adhesives market which, in turn, is positively affecting the C9 resins market.
Asia-Pacific Region to Dominate the Market
- In Asia-Pacific, China is the leading producer of paints & coatings across the globe. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupies more than half of the domestic paint market share.
- Moreover, India has over 550 manufacturers currently engaging in the printing inks business. Huber Group, DIC India, Siegwerk, Sakata, and Flint and Toyo are among the leading players in the printing inks market, comprising around 75% of the total market share.
- The production of natural rubber in India has rapidly increased in the last two years. The natural rubber production registered a growth rate of almost 20%, with the production of 690 thousand tons. These factors will largely contribute to the demand for C9 resins in the region.
- Additionally, growing construction industry in Asia-Pacific region, owing to major countries such as China, India and Japan are expected to drive the market for paints & coatings as well as adhesives & sealants in its applications.
- Thus, growing demand for C9 resins in various applications in Asia-Pacific region is expected to grow during the forecast period.
C9 Resin Industry Overview
The global C9 resin market is partially fragmented in nature with the presence of various players in the market. Some of the major companies in c9 resins market include Cray Valley, Eastman Chemical Company, Henan Anglxxon Chemical Co., Ltd., Kolon Industries, Inc., and Neville Chemical Company, among others.
C9 Resin Market Leaders
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Cray Valley
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Henan Anglxxon Chemical Co., Ltd.
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Kolon Industries, Inc.
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Neville Chemical Company
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Eastman Chemical Company
*Disclaimer: Major Players sorted in no particular order
C9 Resin Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Strong Growth of the Construction Industry
- 4.1.2 Rapid Increase in Demand for Hot-Melt Adhesives from Packaging Industry
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4.2 Restraints
- 4.2.1 Replacement of Petroleum Resins by Rosin Resins
- 4.2.2 Impact of COVID-19 Pandemic
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Paints and Coatings
- 5.1.2 Adhesives and Sealants
- 5.1.3 Printing Inks
- 5.1.4 Rubber and Tires
- 5.1.5 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Arakawa Chemical Industries,Ltd
- 6.4.2 Cray Valley
- 6.4.3 DuPont
- 6.4.4 Eastman Chemical Company
- 6.4.5 ECPlaza Network Inc.
- 6.4.6 Exxon Mobil Corporation
- 6.4.7 Henan Anglxxon Chemical Co.,Ltd
- 6.4.8 Henan Sanjiangyuan Chemical Co., Ltd.
- 6.4.9 Kemipex
- 6.4.10 Kolon Industries, Inc.
- 6.4.11 Lesco Chemical Limited
- 6.4.12 Neville Chemical Company
- 6.4.13 Puyang Ruisen Petroleum Resins Co., Ltd
- 6.4.14 Seacon Corporation
- 6.4.15 Shandong Landun Petroleum Resin Co., Ltd
- 6.4.16 Shanghai Jinsen Hydrocarbon Resins Co., Limited
- 6.4.17 ZEON CORPORATION
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityC9 Resin Industry Segmentation
The Global C9 Resins Market report includes:
| Application | Paints and Coatings | |
| Adhesives and Sealants | ||
| Printing Inks | ||
| Rubber and Tires | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
C9 Resin Market Research FAQs
What is the current C9 Resin Market size?
The C9 Resin Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in C9 Resin Market?
Cray Valley , Henan Anglxxon Chemical Co., Ltd. , Kolon Industries, Inc., Neville Chemical Company and Eastman Chemical Company are the major companies operating in the C9 Resin Market.
Which is the fastest growing region in C9 Resin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in C9 Resin Market?
In 2024, the Asia Pacific accounts for the largest market share in C9 Resin Market.
What years does this C9 Resin Market cover?
The report covers the C9 Resin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the C9 Resin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
C9 Resin Industry Report
Statistics for the 2024 C9 Resin market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. C9 Resin analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
