Dec 16, 2021   SOURCE: BusinessWire

Insights on the C5 Resin Glboal Market to 2026 - Featuring Cray Valley, DuPont and Seacon Among Others - ResearchAndMarkets.com

The "C5 Resin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The market for global c5 resin is valued at 470 kilotons in 2020 and is expected to grow at a CAGR of less than 4% globally during the forecast period.

Companies Mentioned

  • Arakawa Chemical Industries,Ltd
  • Cray Valley
  • DuPont
  • Eastman Chemical Company
  • ENEOS Holdings Inc.
  • Exxon Mobil Corporation
  • Henan Anglxxon Chemical Co.,Ltd
  • Kolon Industries, Inc.
  • Lesco Chemical Limited
  • Neville Chemical Company
  • Puyang Ruisen Petroleum Resins Co., Ltd
  • Seacon Corporation
  • Shanghai Jinsen Hydrocarbon Resins Co., Limited
  • Zibo Luhua Hongjin New Material Co. Ltd
  • Zeon Corporation

Key Market Trends

Growing Demand from Adhesives and Sealants Segment

  • Adhesives and sealants is one of the largest market for C5 hydrocarbon resins. They provide good adhesion and are used to tack in hot-melt and pressure-sensitive adhesives. They are compatible with most base polymers, polymer modifiers and antioxidants.
  • These are used in the production of hot melt adhesives, pressure sensitive adhesives, and other adhesives. Resins are very important in the production of adhesives as they increase the tackifier effect. The addition of petroleum resin to adhesives and pressure-sensitive tapes can improve adhesive adhesion, acid resistance, alkali resistance, and water resistance while also lowering production costs. C5 hydrocarbon resin is soluble and stable and is used in producing hot melt adhesives for nonwoven product construction based on styrene-butadiene-styrene (SBS) block copolymers.
  • Hot melt adhesives are used in packaging, hygiene, assembly and other applications, whereas the pressure sensitive adhesives are used in tapes and labels. With the increasing awareness of hygiene among people and in addition to the COVID-19 outbreak, the demand for hygiene products such as diapers and feminine care products is increasing in the world, thereby increasing the demand for hot-melt adhesives.
  • Automotive adhesives are lighter and much more than simple substitutes for mechanical fasteners like nuts and bolts, rivets, and welds. To fulfil the increased requirements of EV production and current car assembly, adhesive producers are modifying their products (including tapes and films). Meanwhile, automakers are increasingly recognizing the advantages of lighter vehicles, lower vibration levels, a paint alternative, broad stress distribution, lack of metal distortion, less panel corrosion and longer life rigidity, and better bonding of dissimilar materials, as well as lower costs and faster assembly. Thereby, increasing the demand for adhesives from the electric vehicle industry.

Asia-Pacific Region to Dominate the Market

  • In Asia-Pacific, China is the leading producer of paints & coatings across the globe. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share.
  • Moreover, India has over 550 manufacturers currently engaging in the printing inks business. Huber Group, DIC India, Siegwerk, Sakata, and Flint and Toyo are among the leading players in the printing inks market, comprising around 75% of the total market share.
  • The production of natural rubber in India has rapidly increased in the last two years. The natural rubber production registered a growth rate of almost 20%, with the production of 690 thousand tons. These factors will largely contribute to the demand for C5 resins in the region.
  • Additionally, growing construction industry in Asia-Pacific region, owing to major countries such as China, India and Japan are expected to drive the market for paints & coatings as well as adhesives & sealants in its applications.
  • China is one of the largest manufacturers of rubber components. Although automotive production is impacted negatively, the production of a wide range of rubber products used across various industrial applications, including medical, construction, power generation, paper and printing, petroleum, and mining, is likely to benefit the demand for C5 Resins.
  • Two advanced rubber projects were approved in China in October 2020. Petrochemical Research Institute of CNPC and Shandong Yulong Petrochemical Co. Ltd. formally signed the "Technical License Contract for TBIR and Integrated Rubber''.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand for Adhesives and Sealants from the Packaging Industry?

4.1.2 Expansion of the Construction Industry?

4.2 Restraints

4.2.1 Replacement of C5 Resins

4.2.2 Impact of COVID-19 Pandemic

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/ojynxt