C5 Resin Market Size & Share, by Type (C5 Aliphatic, C9 Aromatic, DCPD Cycloaliphatic, Hydrogenated Hydrocarbon Resin); Application (Paint & Coating, Adhesive, Printing Ink, Rubber, Wax Compounding); Form (Flake, Powder); Distribution Channel (Online, Retailers, Convenience Stores); End-user (Construction, Medical, Printing, Mining, Packaging, Automotive, Power Generation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4058
  • Published Date: Aug 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

C5 Resin Market size is estimated to reach USD 1.2 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of C5 resin was around USD 760 Million. The major factor that is attributed to market growth is the rising construction industry across the world. Owing to the advantageous chemical composition of C5 resins, it is considered to be one of the vital components in building infrastructures and other construction projects. For instance, the worldwide construction industry was worth about USD 6 trillion in 2020 and is anticipated to be worth nearly USD 14 trillion by 2030.

Additionally, it is noticed that the growth of the market is dependent on the various advantages provided by C5 resins i.e. good adhesion, along with the compatibility with most of the base polymers, polymer modifiers, and antioxidants.

C5 Resin Market
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C5 Resin Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Paints and Coatings Industry – C5 resin has an extensive range of applications as a modifier for paints and coatings processes. It also can act as a tackifier for adhesives and pressure-sensitive adhesives, when used in combination with various types of resins. All these factors coupled to extend the utilization rate of C5 resins in the paints and coatings industry expected to contribute positively to market growth during the forecast period. The worldwide paint and coatings market was expected to be worth over USD 160 billion in 2021, rising to nearly USD 240 billion by 2029.
  • Rapid Growth of Adhesives and Sealants Industry – In the recent period, the demand for C5 resin in various adhesives and sealants applications as it provides good adhesion and promotes tack in hot-melt and pressure-sensitive adhesives. It has been stated that the global adhesives and sealants industry was valued at almost USD 70 billion in 2022 and is further expected to grow at 6% CAGR.
  • Extensive Growth in the Automotive Industry - Recently, it has been calculated that the global automotive industry manufacturing industry amounted to almost USD 3 trillion by the end of 2021.
  • Growth in the Chemical Industry - According to recent estimates, the global chemical industry's revenue in 2021 was projected to exceed over USD 5 trillion.


  • Long Manufacturing Cycles – The manufacturing of C5 resin requires a lot of raw materials which need to be handled carefully. Unfortunately, the constant fluctuation in prices of the raw materials along with the long manufacturing cycles is estimated to lower the adoption rate and subsequently hamper the market growth during the forecast period.
  • Requirement of Higher Initial Investment
  • Stringent Government Rules

C5 Resin Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 760 Million

Forecast Year Market Size (2035)

~ USD 1.2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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C5 Resin Segmentation

Application (Paint & Coating, Adhesive, Printing Ink, Rubber and Wax Compounding)

The paint & coating segment in the C5 resin market is estimated to gain the largest revenue share of about 38% in the year 2035. Factors that are estimated to aid segment growth during the analysis period are the increasing demand for paints and coatings from various end-use industries such as automotive, construction, healthcare, adhesives, and others. According to recent statistics, it is anticipated that 860 million gallons of architectural paint was estimated to be used in the United States in 2020. Furthermore, C5 resin has an extensive range of applications as a modifier for paints and printing inks which is also estimated to create a positive outlook for segment growth in the assessment period.

End-User Industry (Construction, Medical, Printing, Mining, Packaging, Automotive, Power Generation)

C5 resin market from the construction segment is expected to garner a significant share of around 32% in the year 2035. The major factor for segment growth during the forecast period is the rapid growth of the real estate sector and the rising favorable initiatives for infrastructure development. According to recent forecasts, real estate businesses generated around USD 10 billion in income in 2021. Furthermore, the increasing number of residential and non-residential building projects, as well as rising investments in research and development activities, are expected to boost segment expansion.

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


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


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


  • Flake
  • Powder

       Distribution Channel

  • Online
  • Retailers
  • Convenience Stores

      End-Use Industry

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

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C5 Resin Industry - Regional Synopsis

APAC Market Forecast

The C5 resin market in Asia Pacific is projected to be the largest with a share of about 35% by the end of 2035. The market growth in this region is attributed to the rising growth in the C5 resin production and its high utilization in the region. China and India are the leading countries in the Asia Pacific to churn out the C5 resin. For instance, the total C5 resin production in China amounted to cross USD 175 billion USD 165 billion in 2021. Also, the market in this region is forecasted to grow on the back of rapidly increasing construction activities.

North American Market Statistics

The North America C5 resin market is estimated to be the second largest, registering a share of about 24% by the end of 2035, owing to the excessive utilization of C5 resin in tire manufacturing and adhesive formulation. The growing automotive industry in the region is expected to increase the demand for C5 resin in the region. Also, the market growth is ascribed to the rising investments in prominent applications in various industries along with the emerging advanced technologies in the region during the forecast period.

Research Nester
C5 Resin Market Size
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Companies Dominating the C5 Resin Landscape

    • 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

  • Cray Valley to add sustainably sourced farnesene-based resins in two of its standard hydroxyl-terminated diene resin, Krasol F3100, and Krasol F3000.
  • ENEOS Holdings, Inc. becomes a member of the ‘Alliance to End Plastic Waste’ to rise concern about global plastic waste and address four targeted areas, engagement, education, innovation, and infrastructure.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4058
  • Published Date: Aug 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The utilization of C5 resin as a tackifier to formulate adhesives, in paint, coating, rubber compounding, and packaging are the major factor driving the growth of the market during the forecast period.

The market size of C5 resin is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

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., Shanghai Jinsen Hydrocarbon Resins Co., Ltd., Zibo Luhua Hongjin New Material Group Co., Ltd, Eastman Chemical Company, Lesco Chemical Limited, Neville Chemical Company, and other key players.

The online segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
C5 Resin Market Report Scope

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