C5 Resins Market Research, 2032
The global C5 resins market was valued at $0.8 billion in 2022, and is projected to reach $1.2 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
Report key highlighters:
- The report outlines the current C5 resin market trends and future scenario of the market from 2023 to 2032 to understand the prevailing opportunities and potential investment pockets.
- The global battery packaging market has been analyzed in terms of value ($Million) and volume (Kilotons). The analysis in the report is provided on the basis of application, 4 major regions, and more than 15 countries.
- The C5 resin market is consolidated in nature with few players such as DNeville Chemical Company, Shandong Landun New Material Co., Ltd., KPL International Limited , Paari Chem Resources, Resin Chemicals Co., Ltd, Dycon Chemicals, Zibo Senlos Import And Export Co.,Ltd , Langfang Tenroads Glass Products Co.,Ltd, Guangzhou ECOPOWER New Material Co.Limited., Qingdao Eastsun New Materials Corporation Limited, which hold significant share of the market.
- The report proivdes strategy planning and industry dynamics to enhance decision making for existing market players and new entrants entering the C5 resin industry.
- Countries such as China, U.S., India, Germany, and Brazil hold a significant share in the global C5 resin market.
C5 resin is also known as aliphatic hydrocarbon resin which is made up from piperylene and its derivative. C5 resins are compatible with natural and synthetic rubber, LDPE (Low Density Polyethylene), and elastomers. C5 resins provide excellent tack and have enhanced heat stability. These petroleum resins are employed as homogenizing, tackifying, and performance modifiers. Petroleum resins improve tensile strength and increase the fatigue resistance. They also slow the formation of cuts by releasing stress at the crack tip, among other benefits.
Increased consumption of petroleum resins in paints and coatings, synthetic rubber, tapes, and labels is driving the market growth during the forecast period. The demand for petroleum resin will be fueled by its widespread use in a variety of applications, such as hot melt adhesives, rubber, and plastic modification, and wax modification, as well as its many benefits, including excellent thermal stability, peeling strength, tack ability, and heat resistance.
However, volatility in the prices of crude oil and the increasing consumption of resins in various applications including construction and automotive are expected to restrict the product growth during the forecast period.
Technological advancements to introduce new process technologies and increase output are expected to create new growth avenues during the forecast period. Developing nations like China and India are expected to be key drivers for the C5 resins market. In addition, C5 resins are an excellent source of tackifying, reinforcement, and homogenizing agents due to which they are widely used in the rubber compounding industry.
The C5 resins market is segmented on the basis of application and region. By application, it is divided into paints and coatings, printing ink, adhesives, rubber, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. nThe major companies profiled in this report include Dycon Chemicals, ECOPOWER, KPL International Limited, Langfang Tenroads Glass Products Co., Ltd., Neville Chemical Company, Paari Chem Resources, Qingdao Eastsun New Materials Corporation Limited, Resin Chemicals Co., Ltd., Shandong Landun New Material Co., Ltd., and Zibo Senlos Import & Export Co., Ltd.
The paints and coatings C5 resins market accounted for a major market share in 2022 with 34.87% share in the global market and is projected to grow at the highest CAGR during the forecast period and. This attributed to the fact that, expansion of industrial sectors and high demand for building and infrastructure activities have enhanced the overall performance of the paint and coatings industry. For instance, SRC petroleum C5 resins is used as tackifiers in road making paints. This factor is projected to boost the C5 resins market during the forecast period. Furthermore, economics growth and higher income led to a rise in construction activity and remolding new houses is expected to derive the demand for architectural paints and coating.
By region, the market is divided into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific segment dominated the global market, in terms of revenue in 2022 with 48.40% share in the global market. This is attributed to the Increasing population-driven electricity consumption, expanding industries, and increased demand for automobiles are the region's primary drivers. The production of petroleum and other derivatives of C5 resins has been increased by several key manufacturers where they are expected to witness a major growth rate for C5 resins market.
Furthermore, the utilization of C5 in the sectors such as building and construction, paints and coatings, packaging, automotive, industrial, and others are the major key market trend in the Asia-Pacific region. Proliferating demand for electronics products has boosted C5 resins market growth. Petroleum based C5 resins are widely used in making wire, cables, pressure sensitive tapes, tires, and others. These factors are expected to increase the potential sales of C5 resins market in the Asia-Pacific region.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the c5 resins market analysis from 2022 to 2032 to identify the prevailing c5 resins market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the c5 resins market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global c5 resins market trends, key players, market segments, application areas, and market growth strategies.
C5 Resins Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 1.2 billion |
 Growth Rate | CAGR of 4.5% |
 Forecast period | 2022 - 2032 |
 Report Pages | 280 |
 By Application |
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 By Region |
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 Key Market Players | KPL International Limited , Resin Chemicals Co., Ltd, Paari Chem Resources, Shandong Landun New Material Co., Ltd., Neville Chemical Company, Qingdao Eastsun New Materials Corpration Limited, Guangzhou ECOPOWER New Material Co.Limited., Zibo Senlos Import & Export Co.,Ltd , Langfang Tenroads Glass Products Co.,Ltd, Dycon Chemicals |
Analyst Review
According to CXOs of leading companies, the global C5 resins market is expected to exhibit high growth potential. C5 resins is the aliphatic hydrocarbon resin that is extensively used in various end-use industries such as paints and coatings, printing ink, adhesives, textile, packaging, and others. C5 resin is an excellent source of tackifying agent, homogenizing, and reinforming agent owing to which it is widely used in high-performance applications. C5 resins-based adhesives are used in making door and window assembly. Furthermore, growing automotive industry has led to rise in the demand for tires, cables, and OEM equipment where C5 resins are widely used in rubber compounding process which will help in the increase of the potential sales of C5 resins market during the forecast period. Changing consumers preferences for packaged foods and canned goods has enhanced the performance of C5 resins. They are mainly used to make pressure sensitive and hot melt adhesive tapes.
In addition, C5 resins are used as tackifying agent in the growing textiles industry. Furthermore, factors such as flexibility in operation, ease of application, and sustainability have enhanced the performance of C5 resins in several end-use industries. CXOs further added that sustained economic growth and development of the pharmaceutical sector have increased the popularity of C5 resins.
Expansion of paints and coating and packaging industry in developing economies is the upcoming trend of C5 resin market.
C5 resin is an aromatic hydrocarbon, and it is produced from piperylene and isoprene by using AlCl3 catalyst. C5 resin is an excellent tackifying, homogenizing, and reinforcement agent due to which it has been widely used in various end use sectors such as paints and coatings, printing ink, adhesives and sealant, building and construction, and others. In addition, the C5 fraction is a co-product of naphtha cracking and is used as a raw material for synthetic rubber and petroleum resins.
Asia-Pacific is the largest regional segment in C5 resin market.
Growing population across the globe, rise in disposable income, and increase in consumer demand for packaged food have enhanced the packaging sector. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, the packaging industry was worth over $917 thousand in 2019 and is expected to reach $1.05 trillion by 2024, growing at a CAGR of 2.8%. C5 resins are used as tackifiers and homogenizing agents due to which they are widely used to manufacture hot melt adhesives. Furthermore, an increase in awareness regarding hygienic and safe packaged foods has enhanced the demand for C5 resins in the growing packaging industry. In addition, the cost-effective and associated chemical and mechanical properties of C5 resins have enhanced manufacturers purchasing power where it has been widely used to make rigid packs, seal flexible packaging, and attach labels. This factor has escalated the demand for C5 resins in the growing packaging industry during the forecast period.
Dycon Chemicals, ECOPOWER, KPL International Limited, Langfang Tenroads Glass Products Co., Ltd., Neville Chemical Company, Paari Chem Resources, Qingdao Eastsun New Materials Corporation Limited, Resin Chemicals Co., Ltd., Shandong Landun New Material Co., Ltd., and Zibo Senlos Import & Export Co., Ltd.
Paints and coatings is the leading application segment of C5 resin market.
The global c5 resins market was valued at $0.8 billion in 2022, and is projected to reach $1.2 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
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