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C5 Resin Market

Segmentation by Type (C5 Aliphatic, C9 Aromatic, DCPD Cycloaliphatic, Hydrogenated Hydrocarbon Resin, and Others); by Application (Paint & Coating, Adhesive, Printing Ink, Rubber and Wax Compounding, and Others); by Distribution Channel (Online, Retailers, Convenience Stores, and Others); and by End-User Industry (Construction, Medical, Printing, Mining, Packaging, Automotive, and Power Generation) – Global Demand Analysis & Opportunity Outlook 2031

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Report ID: 4058 | Published On: Feb 02, 2023
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Global C5 Resin Market Regional Synopsis

Regionally, the global C5 resin market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is projected to witness considerable growth over the forecast period on the back of rising growth in the C5 resin production and its rising utilization in the region. China and India are the leading countries in the Asia Pacific to churn out the C5 resin. For instance, in 2018, the total C5 resin production in China amounted to USD 165 billion, while in 2021 it crossed USD 175 billion. Additionally, the C5 resin market in the Asia Pacific region is forecasted to grow on the back of rapidly increasing construction activities.

Furthermore, the market in the North America region is also fostering growth during the forecast period owing to excessive utilization of C5 resin in tire manufacturing and adhesive formulation. Moreover, the growing automotive industry in the region is expected to increase the demand for C5 resin in the region.

C5 Resin Market Share Graph

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The global C5 resin market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook


C5 Resin Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Infographic Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.


Market Segmentation

Our in-depth analysis of the global C5 resin market includes the following segments:

By Type

  • C5 Aliphatic Resin
  • C9 Aromatic Resin 
  • DCPD Cycloaliphatic Resin
  • Hydrogenated Hydrocarbon Resin
  • Others

By Application

  • Paint & Coating
  • Adhesive
  • Printing Ink
  • Rubber and Wax Compounding
  • Others

By Distribution Channel

  • Online
  • Retailers
  • Convenience Stores
  • Others

By End-User Industry

  • Construction
  • Medical
  • Printing
  • Mining
  • Packaging
  • Automotive
  • Power Generation

Growth Drivers

  • Increment in Demand for C5 Resin as a Tackifier in the Adhesive Formulation
  • Rise in C5 Resin Utilization for Rubber Blending and Printing Inks
  • Significant Place in the Paint & Coating and Packaging Industry

Challenges

  • Convenient Availability of Alternative Products


Chemicals Infographic Graph
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Top Featured Companies Dominating the Market

    • Arakawa Chemical Industries. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Cray Valley S.A.
    • Kolon Industries, Inc.
    • ENEOS Holdings, Inc.
    • DuPont de Nemours, Inc.
    • Shanghai Jinsen Hydrocarbon Resins Co., Ltd.
    • Zibo Luhua Hongjin New Material Group Co., Ltd
    • Eastman Chemical Company
    • Lesco Chemical Limited
    • Neville Chemical Company

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the C5 resin market?

Ans: The utilization of C5 resin as a tackifier to formulate adhesives, in paint, coating, rubber compounding, and packaging are the major factors driving the growth of the market.

2) What would be the CAGR of C5 resin market over the forecast period?

Ans: The market is anticipated to acquire a CAGR of ~5% over the forecast period, i.e., 2022-2031.

3) What are the challenges affecting the C5 resin market growth?

Ans: The easier access to alternatives of C5 resin is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of C5 resin market in future?

Ans: The market in the Asia Pacific is projected to provide more business opportunities for growth of global C5 Resin market in future on the back higher production and utilization of C5 resin.

5) Who are the major players dominating the C5 resin market?

Ans: The major players in the market are Arakawa Chemical Industries, Ltd., Cray Valley S.A., Kolon Industries, Inc., ENEOS Holdings, Inc., DuPont de Nemours, Inc., Zibo Luhua Hongjin New Material Group Co., Ltd, Eastman Chemical Company, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the C5 resin market?

Ans: The global C5 resin market is segmented by type, application, distribution channel, end-user industry, and by region.

8) Which sub-segment captures the largest market size in the distribution channel segment in the C5 resin market?

Ans: The online segment is anticipated to hold the largest market size in value and is estimated to grow at a modest CAGR over the forecast period and display significant growth opportunities.

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