Which is the fastest growing region in C5 Resin Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in C5 Resin Market?

In 2024, the Asia Pacific accounts for the largest market share in C5 Resin Market. Read More

What years does this C5 Resin Market cover?

The report covers the C5 Resin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the C5 Resin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

C5 Resin Market Size

Market Size of C5 Resin Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	> 4.00 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

C5 Resin Market Analysis

The global C5 resin market is expected to register a CAGR of over 4% during the forecast period (2022-2027).

The COVID-19 pandemic negatively affected the market in 2021. There was a decline in the demand for paints and coatings, printing inks, rubber compounding, etc. However, the market is excepted to regain its growth trajectory in the coming years.

In the short term, the strong growth of the construction industry and rapid increase in demand for hot-melt adhesives from the packaging industry are expected to drive the market.
The replacement of petroleum resins with rosin resins is expected to hinder the growth of the market.
The Asia-Pacific region is expected to dominate the market. The highest demand may be from China, followed by India.

C5 Resin Industry Segmentation

The Global C5 resins market is segmented based on application and geography. By application, the market is segmented into paints and coatings, adhesives and sealants, printing inks, rubber compounding, and other applications (paper sizing agents, plastic modifiers). The report also studies the market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons).

Application
		Paints and Coatings
		Adhesives and Sealants
		Printing Inks
		Rubber Compounding
		Other Applications (Paper Sizing Agents, Plastic Modifiers)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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C5 Resin Market Size Summary

The global C5 resin market is poised for growth, driven by the robust expansion of the construction industry and the increasing demand for hot-melt adhesives in the packaging sector. Despite the initial setbacks caused by the COVID-19 pandemic, which led to a decline in demand across various sectors such as paints, coatings, and rubber compounding, the market is expected to recover and regain its growth trajectory. The Asia-Pacific region, particularly China and India, is anticipated to dominate the market due to its significant production and consumption of paints, coatings, and rubber. However, the shift from petroleum resins to rosin resins may pose challenges to market expansion.

C5 hydrocarbon resins are predominantly utilized in adhesives and sealants, offering excellent adhesion and compatibility with various base polymers and antioxidants. The automotive sector, especially the electric vehicle industry, is a key driver for these resins, as they serve as lightweight and strong alternatives to traditional mechanical fasteners. The global increase in electric vehicle sales further bolsters the demand for C5 resins in automotive applications. The market is characterized by a consolidated structure, with major players like Eastman Chemical Company, Kolon Industries Inc., and ExxonMobil Corporation holding significant shares. Recent strategic moves, such as Eastman Chemical Company's divestiture of its adhesive resins assets, highlight the dynamic nature of the market.

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C5 Resin Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand for Adhesives and Sealants from the Packaging Industry
  2. 1.1.2 Expansion of the Construction Industry
2. 1.2 Restraints
  1. 1.2.1 Replacement of C5 Resins
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION
1. 2.1 Application
  1. 2.1.1 Paints and Coatings
  2. 2.1.2 Adhesives and Sealants
  3. 2.1.3 Printing Inks
  4. 2.1.4 Rubber Compounding
  5. 2.1.5 Other Applications (Paper Sizing Agents, Plastic Modifiers)
2. 2.2 Geography
  1. 2.2.1 Asia-Pacific
    1. 2.2.1.1 China
    2. 2.2.1.2 India
    3. 2.2.1.3 Japan
    4. 2.2.1.4 South Korea
    5. 2.2.1.5 Rest of Asia-Pacific
  2. 2.2.2 North America
    1. 2.2.2.1 United States
    2. 2.2.2.2 Canada
    3. 2.2.2.3 Mexico
  3. 2.2.3 Europe
    1. 2.2.3.1 Germany
    2. 2.2.3.2 United Kingdom
    3. 2.2.3.3 Italy
    4. 2.2.3.4 France
    5. 2.2.3.5 Rest of Europe
  4. 2.2.4 South America
    1. 2.2.4.1 Brazil
    2. 2.2.4.2 Argentina
    3. 2.2.4.3 Rest of South America
  5. 2.2.5 Middle-East and Africa
    1. 2.2.5.1 Saudi Arabia
    2. 2.2.5.2 South Africa
    3. 2.2.5.3 Rest of Middle-East and Africa

C5 Resin Market Size FAQs

What is the current C5 Resin Market size?

The C5 Resin Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Who are the key players in C5 Resin Market?

Eastman Chemical Company , Kolon Industries, Inc., Zibo Luhua Hongjin New Material Co. Ltd , ExxonMobil Corporation and Zeon Corporation are the major companies operating in the C5 Resin Market.