C5 Resin: By Type (Flake C5 Resin and Powder C5 Resin), By Application (Rubber, Printing Ink, Hot Melt Adhesive, Compound Agent and Others), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
Hydrocarbon resins are derived from petroleum-based feedstocks that are either aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene), or a combination of these. C5, Aliphatic Resins get their name from the fact that they are generally polymers of monomers with five carbons. Gardner colours range from light yellow to light brown for basic C5 aliphatic resins, which are primarily used to tackify aliphatic polymers such as natural rubber, EVA, SIS, and APO. Hydrogenated C5, Aliphatic Resins are C5 hydrocarbon tackifers that have been hydrogenated in order to improve their colour and thermal stability.
Global C5 Resin was valued at 485 kilotons in 2021 at a CAGR of 4%. The market is being driven by the construction industry's strong growth and the packaging industry's rapid increase in demand for hot-melt adhesives. Additionally, usage in industries like rubber, adhesives, printing and compound agents is also likely to drive the market demand in the forecasted period, i.e. 2021-2031.
Global C5 Resin market is classified on the basis of Type into Flake C5 Resin and Powder C5 Resin. The Powder C5 resins segment currently dominates the global market and is expected to do so throughout the forecast period. Powder C5 resins can provide formulators with the tools they need to fine-tune adhesive formulations to meet specific application requirements while maintaining key performance properties. They are an excellent solution for difficult applications because they provide formulators with the tools they need to fine-tune adhesive formulations to meet specific application requirements without affecting other key performance properties.
Based on application, global C5 Resin Market is fragmented into Rubber, Printing Ink, Hot Melt Adhesive, Compound Agent and Others. The Hot Melt Adhesive segment is the largest revenue generator and is expected to grow significantly during the forecast period. Resins play an important role in the manufacture of adhesives because they increase the tackifier effect. They have good adhesion and are used in hot-melt and pressure-sensitive adhesives to tack. They can be combined with the majority of base polymers, polymer modifiers, and antioxidants.
Adhesive property of C5 Resin
C5 resin has outstanding adhesive properties which provide excellent gloss, tack, and adhesion to paints which is increasing its usage in the automotive industry, and is thus expected to drive the market growth of C5 Resins. Furthermore, C5 resins are compatible with all-natural rubber and most olefins due to their aliphatic nature, and are used to reduce the tacky nature of natural rubber. The natural rubber market has grown significantly in recent years, which is further expected to spur C5 Resins demand
Increase in demand from various applications
Increasing demand for pressure sensitive tapes in the medical sector will drive the C5 resin market during the forecast period. In addition, pressure-sensitive tapes and labels with good adhesive properties are in high demand in the packaging industry too. Hot melts, which are used in road construction, are another segment where C5 resins are being used more frequently. Hot melts have low softening points and are frequently in the solid phase at room temperature, making them very easy to handle. Thus, high demand for C5 Resins
Availability of substitutes and focus on environmentally friendly products
The world's shifting focus toward environmentally friendly products along with government restrictions regarding petroleum product regulations is expected to hamper the growth of the C5 resin market. Additionally, the substitution of rosin resins for petroleum resins is expected to stifle market growth. These are solid forms of resin, a sticky substance derived from trees that is similar to sap.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global C5 Resin market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. China is the world's leading producer of paints and coatings in Asia-Pacific. In addition, natural rubber production in India has increased dramatically in the last two years. These factors will significantly contribute to the region's demand for C5 resins. Furthermore, the growing construction industry in the Asia-Pacific region, owing to major countries such as China, India, and Japan, is expected to drive the C5 Resins market.
The COVID-19 pandemic has had a negative impact on the market due to a drop in demand for paints and coatings, printing inks, rubber compounding, and other products as a result of the virus. Construction projects were halted in order to adhere to lockdown regulations. Furthermore, the industry was impacted to some extent by an uneven or limited supply of raw materials. This had also resulted in a decrease in demand for C5 resins.
Market size value in 2021
Revenue forecast in 2031
CAGR of 4% from 2021 to 2031
Base year for estimation
Revenue in USD million and CAGR from 2021 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Application and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
DuPont, Neville Chemical Company, Henan Anglxxon Chemical Co.,Ltd, Puyang Ruisen Petroleum Resins Co., Ltd, Seacon Corporation, Zeon Corporation, Cray Valley, Kolon Industries, Inc., Lesco Chemical Limited and Other Prominent Players .
Global C5 Resin was valued at 485 kilotons in 2021 at a CAGR of 4%
Hydrocarbon resins are derived from petroleum-based feedstocks that are either aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene), or a combination of these. C5, Aliphatic Resins get their name from the fact that they are generally polymers of monomers with five carbons.
Hot Melt Adhesive and Powder C5 resins accounted for the largest C5 Resin market share.
Key players: DuPont, Neville Chemical Company, Henan Anglxxon Chemical Co.,Ltd, Puyang Ruisen Petroleum Resins Co., Ltd are the key players in the C5 Resin market.
The market is being driven by the construction industry's strong growth and the packaging industry's rapid increase in demand for hot-melt adhesives. Additionally, usage in industries like rubber, adhesives, printing and compound agents is also likely to drive the market demand in the forecasted period, i.e. 2021-2031
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