C5 Resin Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is likely to hold largest revenue share of 35% by 2035, attributed to rising growth in the C5 resin production and its high utilization. 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 is growing on the back of rapidly increasing construction activities.
North American Market Insights
The North America C5 resin market is estimated to register 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 is expected to increase the demand for C5 resin. 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.
