The global c5 resins market was valued at $0.8 billion in 2022, and is projected to reach $1.2 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
C5 resin is an aromatic hydrocarbon, and it is produced from piperylene and isoprene by using AlCl3 catalyst. C5 resin is an excellent tackifying, homogenizing, and reinforcement agent due to which it has been widely used in various end use sectors such as paints and coatings, printing ink, adhesives and sealant, building and construction, and others. In addition, the C5 fraction is a co-product of naphtha cracking and is used as a raw material for synthetic rubber and petroleum resins.
Growing population across the globe, rise in disposable income, and increase in consumer demand for packaged food have enhanced the packaging sector. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, the packaging industry was worth over $917 thousand in 2019 and is expected to reach $1.05 trillion by 2024, growing at a CAGR of 2.8%. C5 resins are used as tackifiers and homogenizing agents due to which they are widely used to manufacture hot melt adhesives. Furthermore, an increase in awareness regarding hygienic and safe packaged foods has enhanced the demand for C5 resins in the growing packaging industry. In addition, the cost-effective and associated chemical and mechanical properties of C5 resins have enhanced manufacturers purchasing power where it has been widely used to make rigid packs, seal flexible packaging, and attach labels. This factor has escalated the demand for C5 resins in the growing packaging industry during the forecast period.
Various major and emerging countries are imposing limits on producing plastic, which is expected to hamper the expansion of the C5 resins market during the forecast period. In addition, availability of substitute for C5 resins in making adhesives and sealants is expected to hinder the market growth. For instance, hydrogenated hydrocarbon resin and polyurethane resin are widely used to make adhesives and sealants owing to several key manufacturers using various cost-effective alternative substitutes for C5 resins. This factor is projected to hamper market growth during the forecast period.
Growing demand for paints and coatings from both developed and developing economies such as the U.S., China, India, and others have driven the market growth. Paints and coating are extensively used in the building and construction industry, automotive industry, and others for protection purposes. C5 petroleum resin is used for hot melt road paints for enhancing the tenacity and rigidity, forming a smooth paint surface, and ensuring the stable state of the resin in all seasons. This beneficial property of C5 resins makes a manufacturer more lenient toward purchasing C5 petroleum resin for the paints and coatings industry. These factors are offering the most lucrative opportunities during the forecast period.
The C5 resins market is segmented on the basis of application and region. By application, it is divided into paints and coatings, printing ink, adhesives, rubber, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. nThe major companies profiled in this report include Dycon Chemicals, ECOPOWER, KPL International Limited, Langfang Tenroads Glass Products Co., Ltd., Neville Chemical Company, Paari Chem Resources, Qingdao Eastsun New Materials Corporation Limited, Resin Chemicals Co., Ltd., Shandong Landun New Material Co., Ltd., and Zibo Senlos Import & Export Co., Ltd.
C5 resin is an aromatic hydrocarbon, and it is produced from piperylene and isoprene by using AlCl3 catalyst. C5 resin is an excellent tackifying, homogenizing, and reinforcement agent due to which it has been widely used in various end use sectors such as paints and coatings, printing ink, adhesives and sealant, building and construction, and others. In addition, the C5 fraction is a co-product of naphtha cracking and is used as a raw material for synthetic rubber and petroleum resins.
Growing population across the globe, rise in disposable income, and increase in consumer demand for packaged food have enhanced the packaging sector. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, the packaging industry was worth over $917 thousand in 2019 and is expected to reach $1.05 trillion by 2024, growing at a CAGR of 2.8%. C5 resins are used as tackifiers and homogenizing agents due to which they are widely used to manufacture hot melt adhesives. Furthermore, an increase in awareness regarding hygienic and safe packaged foods has enhanced the demand for C5 resins in the growing packaging industry. In addition, the cost-effective and associated chemical and mechanical properties of C5 resins have enhanced manufacturers purchasing power where it has been widely used to make rigid packs, seal flexible packaging, and attach labels. This factor has escalated the demand for C5 resins in the growing packaging industry during the forecast period.
Various major and emerging countries are imposing limits on producing plastic, which is expected to hamper the expansion of the C5 resins market during the forecast period. In addition, availability of substitute for C5 resins in making adhesives and sealants is expected to hinder the market growth. For instance, hydrogenated hydrocarbon resin and polyurethane resin are widely used to make adhesives and sealants owing to several key manufacturers using various cost-effective alternative substitutes for C5 resins. This factor is projected to hamper market growth during the forecast period.
Growing demand for paints and coatings from both developed and developing economies such as the U.S., China, India, and others have driven the market growth. Paints and coating are extensively used in the building and construction industry, automotive industry, and others for protection purposes. C5 petroleum resin is used for hot melt road paints for enhancing the tenacity and rigidity, forming a smooth paint surface, and ensuring the stable state of the resin in all seasons. This beneficial property of C5 resins makes a manufacturer more lenient toward purchasing C5 petroleum resin for the paints and coatings industry. These factors are offering the most lucrative opportunities during the forecast period.
The C5 resins market is segmented on the basis of application and region. By application, it is divided into paints and coatings, printing ink, adhesives, rubber, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. nThe major companies profiled in this report include Dycon Chemicals, ECOPOWER, KPL International Limited, Langfang Tenroads Glass Products Co., Ltd., Neville Chemical Company, Paari Chem Resources, Qingdao Eastsun New Materials Corporation Limited, Resin Chemicals Co., Ltd., Shandong Landun New Material Co., Ltd., and Zibo Senlos Import & Export Co., Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the c5 resins market analysis from 2022 to 2032 to identify the prevailing c5 resins market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the c5 resins market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global c5 resins market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Paint and Coatings
- Printing Ink
- Adhesives
- Rubber
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Dycon Chemicals
- Guangzhou ECOPOWER New Material Co.Limited.
- KPL International Limited
- Langfang Tenroads Glass Products Co.,Ltd
- Neville Chemical Company
- Paari Chem Resources
- Qingdao Eastsun New Materials Corpration Limited
- Resin Chemicals Co., Ltd
- Shandong Landun New Material Co., Ltd.
- Zibo Senlos Import & Export Co.,Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: C5 RESINS MARKET, BY APPLICATION
CHAPTER 5: C5 RESINS MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Dycon Chemicals
- Guangzhou ECOPOWER New Material Co.Limited.
- KPL International Limited
- Langfang Tenroads Glass Products Co.,Ltd
- Neville Chemical Company
- Paari Chem Resources
- Qingdao Eastsun New Materials Corpration Limited
- Resin Chemicals Co., Ltd
- Shandong Landun New Material Co., Ltd.
- Zibo Senlos Import & Export Co.,Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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