What is Global C Resin Market?
The Global C Resin Market is a vast and dynamic sector that encompasses a variety of resin types used in numerous industries worldwide. These resins, primarily C9 Hydrocarbon Resin, C5 Hydrocarbon Resin, C5/C9 Copolymer Resin, Hydrogenated Hydrocarbon Resin, and others, are integral components in the manufacturing of a wide range of products. The market's value was pegged at US$ 2720 million in 2023, and it is projected to reach US$ 4137.1 million by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030.
C9 Hydrocarbon Resin, C5 Hydrocarbon Resin, C5/C9 Copolymer Resin, Hydrogenated Hydrocarbon Resin, Others in the Global C Resin Market:
C9 Hydrocarbon Resin, C5 Hydrocarbon Resin, C5/C9 Copolymer Resin, Hydrogenated Hydrocarbon Resin, and others are the key products in the Global C Resin Market. Each of these resins has unique properties that make them suitable for specific applications. C9 Hydrocarbon Resin, for instance, is known for its excellent thermal stability and compatibility with a variety of materials, making it ideal for use in adhesives, paints, and rubber products. C5 Hydrocarbon Resin, on the other hand, is renowned for its excellent tackiness and adhesive strength, making it a popular choice in the adhesive and sealant industry.
Adhesive & Sealant, Paint, Rubber, Printing Ink, Others in the Global C Resin Market:
The Global C Resin Market finds extensive application in several areas such as Adhesive & Sealant, Paint, Rubber, Printing Ink, among others. In the adhesive and sealant industry, these resins are used to enhance the performance of products by improving their adhesion, flexibility, and resistance to environmental factors. In the paint industry, C Resins are used to improve the gloss, hardness, and durability of paints. They also play a crucial role in the rubber industry, where they are used to improve the processability and performance of rubber products.
Global C Resin Market Outlook:
Looking at the Global C Resin Market outlook, it's clear that the market is on a growth trajectory. In 2023, the market was valued at US$ 2720 million, and it's expected to reach US$ 4137.1 million by 2030. This represents a CAGR of 6.1% during the forecast period 2024-2030. China is the largest consumer of C Resin, accounting for about 52% of the market share. The USA follows in second place, with a market share of nearly 15%. In terms of product, C5 Hydrocarbon Resin is the largest segment, accounting for over 35% of the market share.
| Report Metric | Details |
| Report Name | C Resin Market |
| Accounted market size in 2023 | US$ 2720 million |
| Forecasted market size in 2030 | US$ 4137.1 million |
| CAGR | 6.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 |
