What is Global C Resin Market?
The Global C Resin Market is a vast and dynamic sector that encompasses a variety of resin types, including C9 Hydrocarbon Resin, C5 Hydrocarbon Resin, C5/C9 Copolymer Resin, Hydrogenated Hydrocarbon Resin, and others. These resins are primarily derived from petroleum byproducts and are used in a wide range of applications due to their unique properties. C9 Hydrocarbon Resin, for instance, is known for its excellent solubility, compatibility, adhesiveness, resistance to water, ethanol, and chemicals. It's widely used in paint, ink, adhesives, and rubber products. C5 Hydrocarbon Resin, on the other hand, is recognized for its excellent tack and peel properties, making it a popular choice for adhesive applications. The C5/C9 Copolymer Resin is a versatile product that combines the properties of both C5 and C9 resins, making it suitable for a variety of applications, including hot melt adhesives, rubber compounding, and sealants. Hydrogenated Hydrocarbon Resin is a high-performance resin that offers superior heat resistance, color stability, and weather resistance. It's commonly used in high-end applications such as hot melt adhesives, pressure-sensitive adhesives, and sealants. Lastly, there are other types of C Resins that cater to specific needs in the market.
C9 Hydrocarbon Resin, C5 Hydrocarbon Resin, C5/C9 Copolymer Resin, Hydrogenated Hydrocarbon Resin, Others in the Global C Resin Market:
The Global C Resin Market finds its applications in a variety of sectors including Adhesive & Sealant, Paint, Rubber, Printing Ink, and others. In the Adhesive & Sealant industry, C Resins are used due to their excellent adhesion properties. They help in enhancing the performance of adhesives and sealants by improving their tack, peel, and shear performance. In the Paint industry, C Resins are used as binders to hold the pigment particles together and provide adhesion to the surface. They also enhance the gloss, durability, and drying properties of the paint. In the Rubber industry, C Resins are used as tackifiers to improve the tackiness of the rubber, making it more adhesive. In the Printing Ink industry, C Resins are used to improve the gloss, drying speed, and adhesion of the ink. They also enhance the color strength, flow, and stability of the ink. Lastly, C Resins are used in other applications such as plastic modification, paper coating, and others due to their versatile properties.
Adhesive & Sealant, Paint, Rubber, Printing Ink, Others in the Global C Resin Market:
The Global C Resin Market has shown significant growth in recent years. In 2022, the market was valued at US$ 2720 million and is expected to reach US$ 4137.1 million by 2029, growing at a CAGR of 6.1% during the forecast period 2023-2029. China is the largest consumer of C Resins, accounting for about 52% of the global market share. The USA is the second-largest consumer, with a market share of nearly 15%. In terms of product types, C5 Hydrocarbon Resin is the largest segment, accounting for over 35% of the market share. This growth can be attributed to the increasing demand for C Resins in various industries such as adhesives, sealants, paint, rubber, and printing ink. The unique properties of C Resins such as excellent adhesion, solubility, compatibility, and resistance to water, ethanol, and chemicals make them a preferred choice in these industries.
| Report Metric | Details |
| Report Name | C Resin Market |
| Accounted market size in 2022 | US$ 2720 in million |
| Forecasted market size in 2029 | US$ 4137.1 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ExxonMobil, Eastman, Kolon Industries, Cray Valley (Total), Rain Carbon, Arakawa Chemical, Mitsui Chemicals, Zeon Corporation, Tosoh, Idemitsu Kosan, Formosan Union, Resinall, Neville, Shangdong Qilong, Zibo Luhua, Henghe Materials, Guangdong Xinhuayue, Fushun Huaxing, Daqing Huake, Kete Chemical, Jinhai Chengguang, Zhejiang Derong Chemical, Yuangang Chemical, Puyang Ruisen Petroleum Resins, Ecisco New Material, Shandong Landun Resin, Shandong Yuhuang Chemical, Tongxin New Material, Binder Chemical, Zibo Kaixin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
