C5 Resin Market - Forecast(2024 - 2030)

Report Code: CMR 97591 Report Format: PDF + Excel

C5 Resin Market Overview

C5 Resin Market size is expected to be valued at $450.1 million by the end of the year 2026 after growing at a CAGR of 4.1% during the forecast period from 2021-2026. The increase in demand for hot melt adhesives in the packaging industry is highly driving the C5 resin market. Significant growth in the construction industry is also contributing to the increase in need and demand for C5 Resin. Industry-led promotion of specific grade applications are also driving the C5 resin market. Aliphatic resin is also used as a synthetic adhesive in bonding wood particles and various other applications. Furthermore, hydrocarbon resins/petroleum resin, a C5 resin is also used in the paint, adhesives and printing inks. The increase in the application of products like paints and adhesives is driving the demand for C5 resin market.

COVID-19 Impact

The C5 Resin market has been affected hugely by the impact of the global pandemic Covid-19. The market has been disrupted in terms of production and demand, since there has been a complete shutdown of various industries owing to the pandemic. This has led to the disruption between supply chain and market. It also has financial impact on firms and companies in the market, which is set to ease out by the year ending 2021.

Report Coverage

The report: “C5 Resin Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the C5 Resin Industry.
By Material Type: Petroleum, Aliphatic, Hydrogenated Hydrocarbon, Polyurethane, Maleic and Alkyd.
By Application: Paints & Coatings, Adhesives and Sealants, Printing Inks, Plastic Films, Rubber Compounding, Tapes, Labels and Others.
By End-Use Industry: Construction Industry, Tire Industry and Others.
By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the C5 Resin market owing to the growing construction industry especially in major countries like China, India and Japan.
  • The increase in use of hot melt adhesives in industries such as automotive industry, healthcare industry and paper industry is driving the C5 resin market.
  • The extensive use of pressure sensitive tapes and labels in the packaging industry and medical industry is contributing to the growth of C5 Resin market. 

FIGURE: C5 Resin Market Revenue, 2020-2026 (US$ Million)

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C5 Resin Market Segment Analysis – By Material Type

Hydrogenated Hydrocarbon resins segment held the largest share in the C5 Resin market in the year 2020. The increase in use of hydrocarbon resin can be linked to the fact that it provides various applications ranging from rubber and asphalt formations to coating and caulking compositions. The rising demand for hydrocarbon resin in printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes and permanent tapes is fueling the growth of C5 resin market. Hydrocarbon resins provide quick energy and is moderately reliable. Hydrocarbon resins are cheaper and therefore is driving the C5 resin market.

C5 Resin Market Segment Analysis – By Application

Adhesives and Sealants segment held the largest share in the C5 Resin market in the year 2020 with a CAGR growing at 4.2% during the forecast period 2020-2026. C5 Resin is hugely used in adhesives and sealants, as they enhance the adhesiveness quality, increases resistance to acid, alkaline and water. C5 are largely used in adhesives as tackifiers to increase the adhesion and tackiness of the adhesives and sealants. The use of C5 resin also helps in reducing the overall production cost, which makes it economical and affordable to use. Therefore, it is driving the adhesives and sealants segment in the C5 resin market.

C5 Resin Market Segment Analysis – By End-Use Industry

Construction Industry segment held the largest share of more than 30% in the C5 Resin market in the year 2020. C5 is extensively used in applications such as paints, coatings, adhesives, sealants etc., which is hugely used in the construction industry. The increase in the number of activities in the building and construction sector is increasing the need and demand for applications like paint, coatings and adhesives & sealants The construction industry in the US is expected to reach US$4,814million in the year 2021, which is expected to drive the C5 market hugely in the region.

C5 Resin Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the C5 Resin market in the year 2020. Asia Pacific region was the largest producer of paints and coatings in the year 2019. The increase in use of paints in countries like China, India and Japan has driven the C5 resin market in the Asia Pacific region. The paint industry in China witnessed a revenue of US$83.3 million in the year 2019. C5 resin is extensively used in the production of rubber. The rubber manufacture in India in the year amounted to 74000 tonnes, which is further driving the C5 resin market in the Asia-Pacific region.

C5 Resin Market Drivers

Growing need in construction and manufacturing sector

The increase in the need for C5 Resin in construction industry is hugely driving the C5 resin market. The construction sector in India is expected to record a CAGR of 15.7% and reach US$738.5 billion by 2022, which is expected to fuel the growth of C5 Resin market. C5 Resin is extensively used in construction applications such as sealants, paintings etc., which is increasing the scope of C5 resin in the construction sector. According to the World Bank, the cost of expenditure in the construction industry across the world was estimated to reach US$11.9 trillion in the year 2020, which is an increase of 4.2% as compared to the previous year expenditure. This will further increase the demand for C5 resin market. 

Growth in the packaging industry

C5 Resin is used in pressure-sensitive tapes and labels in the packaging industry and medical industry. The global packaging industry is expected to reach US$423 million by the year 2022, which is further set to drive the C5 resin market. C5 resin helps in enhancing the adhesion properties that aid in increasing the quality of tapes and labels, therefore contributing to the growth of C5 resin market. According to the recent data from World Packaging Organization (WPO), a global organization and regulatory body of the packaging industry, the annual turnover of the global packaging industry crossed the value of US$500 billion during the year 2019.

C5 Resin Market Challenges

Replacement by Rosin resins

Rosin resins are generally cheaper and affordable. They are extracted from pines and other plans which makes it an easier process to obtain. Rosins are more natural and is therefore economical. Rosins also have other advantages such as increasing the friction capacity in several fields which is usually not offered by C5 resins. This is one of the biggest challenges faced by the C5 resin market.

C5 Resin Market Industry Market Landscape

Acquisitions and mergers, expansion, new product launches, collaborations and investments are some of the key strategies adopted by players in the
C5 Resin Market. Major players in the C5 Resin Market are Eastman Chemical Company, Henan Anglxxon Chemical Co., Ltd, Kolon Industries, Neville Chemical Company, TOTAL Cray Valley, Sojitz Corporation, Arakawa Chemical Industries Ltd, Puyang United Chemical Co., Ltd, LESCO Chemical Limited and Zeon Corporation among others.

Acquisitions/Technology Launches

  • In July 17, 2020, Zeon Corporation developed a new product called ZEOCOAT, based on Zeon Corporation’s COP technology which can be cured at extreme low temperatures such as 180°C.
  • In February 07, 2020, Total Cray Valley introduced a new product called Wingstack 102, which is an aliphatic resin with a high softening point and a lower molecular weight distribution than a typical hydrocarbon resins with 100°C. 

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1. C5 Resin Market- Market Overview
    1.1 Definitions and Scope
2. C5 Resin Market - Executive Summary
    2.1 Key Trends by Material Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. C5 Resin Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. C5 Resin Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. C5 Resin Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. C5 Resin Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. C5 Resin Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. C5 Resin Market – By Type (Market Size -$Million/Billion)
    8.1 Petroleum
    8.2 Aliphatic
    8.3 Hydrogenated Hydrocarbon
    8.4 Polyurethane
    8.5 Maleic
9. C5 Resin Market – By Application (Market Size -$Million/Billion)
    9.1 Paints and Coatings
    9.2 Adhesives and Sealants
    9.3 Printing Inks
    9.4 Plastic Films
    9.5 Rubber Compounding
    9.6 Tapes
    9.7 Labels
    9.8 Others
10. C5 Resin Market – By End-Use Industry (Market Size -$Million/Billion)
    10.1 Construction Industry
10.1.1 Residential construction Independent homes Row homes Large apartment buildings
10.1.2 Commercial construction Hospitals and Healthcare Infrastructure Educational Institutes Hotels and Restaurants Banks and Financial Institutions Airports Hyper and Super Market Shopping Malls Others
10.1.3 Industrial Construction
    10.2 Tire Industry
    10.3 Others
11. C5 Resin Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
    11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
    11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zealand
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
    11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
    11.5 Rest of the World
11.5.1 Middle East Saudi Arabia UAE Israel Rest of the Middle East
11.5.2 Africa South Africa Nigeria Rest of Africa
12. C5 Resin Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. C5 Resin Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. C5 Resin Market – Key Company List by Country Premium Premium
15. C5 Resin Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"