C9 Resin Market Size (2024 - 2029)

The global c9 resin market is anticipated to experience significant expansion during the forecast period, driven by the robust growth of the construction sector and the increasing demand for hot-melt adhesives in the packaging industry. However, the market's growth may be challenged by the substitution of petroleum resins with rosin resins. The Asia-Pacific region is projected to lead the market, with China and India being the primary contributors to this demand.

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Market Size of C9 Resin Industry

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

C9 Resin Market Key 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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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C9 Resin Market Size Summary

The global C9 resin market is poised for significant growth, driven by the robust expansion of the construction industry and the surging demand for hot-melt adhesives, particularly in the packaging sector. These resins are highly valued for their excellent adhesiveness and ability to enhance the resistance of adhesives to acid, alkaline, and water, making them indispensable in various applications. The market is experiencing increased utilization of C9 resins in hot-melt adhesives and pressure-sensitive tapes and labels, with notable growth in the automotive, healthcare, and paper, board, and packaging sectors across Asia-Pacific, Europe, and North America. However, the shift from petroleum resins to rosin resins poses a challenge to market growth.

The Asia-Pacific region is expected to lead the C9 resin market, with China and India being the primary contributors to this demand. China, as a major producer of paints and coatings, significantly influences the market, while India's burgeoning printing inks industry further bolsters the demand for C9 resins. The region's construction industry's growth, particularly in China, India, and Japan, is anticipated to drive the market for paints and coatings, as well as adhesives and sealants. The market is characterized by a partial fragmentation with several key players, including Cray Valley, Eastman Chemical Company, Henan Anglxxon Chemical Co., Ltd., Kolon Industries, Inc., and Neville Chemical Company, actively participating in shaping the competitive landscape.

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C9 Resin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Strong Growth of the Construction Industry

      2. 1.1.2 Rapid Increase in Demand for Hot-Melt Adhesives from Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Replacement of Petroleum Resins by Rosin Resins

      2. 1.2.2 Impact of COVID-19 Pandemic

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Paints and Coatings

      2. 2.1.2 Adhesives and Sealants

      3. 2.1.3 Printing Inks

      4. 2.1.4 Rubber and Tires

      5. 2.1.5 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

C9 Resin Market Size FAQs

The C9 Resin Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

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.

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C9 Resin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)