Aliphatic C5 resin, Market is Projected to Reach USD XXX Billion by 2027, Growing at a CAGR of around 6.0% During 2021-2027
According to BlueWeave Consulting, the global C5 resin market worth USD 1.1 billion in 2020, and is further projected to reach USD XXX billion by 2027, growing at a CAGR of around 6.0% during 2021-2027 (forecast period).
C5 resins are aliphatic resins, produced via polymerization and chemical processes using by-products of the cracking process as feedstock. The increasing demand for adhesives, paints, and coating will be major drivers for the C5 resin market. With excellent anti-aging properties and low volatility, C5 resins are being widely used in adhesives and tackifiers.
High demand for pressure sensitive tapes and labels is likely to fuel the growth of the C5 resin market.
C5 resins are widely used in the paints and coating industry, adhesive industry but now they are finding use in pressure-sensitive tapes and labels too. With the increasing demand for pressure, sensitive tapes, and labels in the packaging and medical sector, the market for C5 resin is likely to be affected positively.
Adhesives and sealant industry dominated the C5 resin market and are likely to maintain the same status in the forecast period.
C5 resins have excellent anti-aging properties, low volatility, great adhesive properties, fluidity, low odor, and high stability even at high temperatures. They have found use in many industries. The adhesive industry was one of the major contributors to the growth of the C5 resin market. With the increasing urban population in developing Asia-Pacific countries and improving lifestyles, the demand is likely to go up. The high demand for C5 resin will fuel the growth of the C5 resin market.
The leading players for the global C5 Resin market include Brasken, Cymetech (Owned by Sojitz), Reliance Industries, Henghe Petrochemical Co., Ltd, Shandong ShenxianRuisen Petroleum Resins Co., Ltd, Cepsa, Mitsui Chemicals, Ineos Phenol, ExxonMobil, Rain carbon, Zeon Corporation, Idemitsu, Puyang Changyu Petroleum Resins, Lesco, Kolon Hydrocarbon, PuyangTiancheng Chemical Co., Ltd, Arakawa Chemical Industries, Eastman Chemical Company, BASF, Dow Chemicals, and other prominent players.
Global C5 Resin Market: Regional insights
The global market of C5 resin is divided into Asia Pacific, Europe, North America, South America, and the Middle East. Asia Pacific region is likely to witness the highest growth rate thanks to its rapidly developing countries, high demand for end-user industry products, and modernizing lifestyle. North America has always been one of the major markets for the C5 resin industry and is likely to be the same in the forecast period. With high disposable income, sustained investment in the end-user industry, and constant demand, the North America region will witness the 2nd highest growth rate for the C5 resin market.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global C5 Resin market size & forecast. The report promises to provide recent technology trends of the C5 Resin market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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