C9 Resin Market Report
C9 Resin Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
C9 Resin Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
C9 Resin Market is Segmented by Application Type (Paints and Coatings, Adhesives and Sealants, Printing Inks, Rubber and Tires, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
C9 resins, also known as aromatic hydrocarbon resins, are produced by using aromatic hydrocarbons. The hydrocarbon feedstock determines their makeup (coal tar, crude oil). Indene, methylindenes, dicyclopentadiene, styrene, alpha-methylstyrene, and different vinyl toluenes are the most significant base monomers. There are different softening points for these resins. Compared to C5 resins, they have a substantially higher melt viscosity, darker in color (dark yellow to brown), and have a higher softening point in between 100 and 150°C. The C9 resin family has a wide range of applications and is compatible with numerous polymers.
Growing usage of C9 resin for various applications such as printing inks, hot-melt adhesives, and pressure-sensitive adhesives is expected to drive the growth of the market. The market growth would be aided by C9 resin’s excellent chemical resistance, miscibility, low odour, low molecular weight, low solution viscosity, naturally high solubility, and other characteristics. The demand for C9 resins in the building and construction end-use industry is increasing due to their unique qualities, which make them a valuable commodity.
The market has grown as a result of rising tire demand brought on by the automotive industry's fast expansion. The booming printing inks and packaging sectors are also expected to have a significant impact on the demand for C9 resins during the forecast period. Driven by these factors, the C9 resin market is likely to grow at a CAGR of 5.2% during the forecasted period.
Based on the application type, the C9 resin market is segmented as paints and coatings, adhesives and sealants, printing inks, rubber and tires, and others. Adhesives and sealants application is expected to remain the biggest demand generator for C9 resins during the forecast period owing to the increasing usage of C9 resins in the manufacturing of adhesives and sealants. C9 resins are utilised in adhesives because of their extremely high adhesiveness. These are commonly used as tackifiers in adhesives to increase adherence. Additionally, these resins lower production costs. These are mostly utilised in pressure-sensitive and hot-melt tapes and labels. The use of hot-melt adhesives in the automotive, healthcare, paper, sheet, and packaging sectors is fast expanding in the Asia-Pacific, European, and North American regions, which is likely to boost the demand for C9 resins during the forecast period.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for C9 resins during the forecast period owing to the region's expanding demand for adhesives and sealants from the building and construction sector. In countries such as Singapore, China, and India, the building and construction industries are booming. Huge production of paints and coatings in China and increasing production of rubber in India are likely to support the market expansion in the Asia-Pacific region.
The following are the key players in the C9 resin market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s C9 resin market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The C9 resin market is segmented into the following categories.
C9 Resin Market, by Application Type
C9 Resin Market, by Region
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The C9 resin market is estimated to grow at a CAGR of 5.2% by 2027, driven by the growing usage of C9 resins for various applications such as printing inks, hot-melt adhesives, and pressure-sensitive adhesivse and increasing demand for C9 resins in the building and construction industry.
Arakawa Chemical Industries, Ltd., Cray Valley, DuPont, Eastman Chemical Company, ECPlaza Network Inc., Exxon Mobil Corporation, Henan Anglxxon Chemical Co., Ltd., Henan Sanjianguan Chemical Co., Ltd., Kemipex, and Kolon Industries, Inc. are the leading players in the C9 resin market.
Asia-Pacific is estimated to remain dominant in the C9 resin market in the foreseen future on account of the region's expanding demand for adhesives and sealants from the building and construction sector.
Asia-Pacific is estimated to remain the fastest-growing market for C9 resins in the foreseen future owing to the increasing demand for the product due to increasing production of paints and coatings and rubber in China and India, respectively.
Adhesives and sealants application is expected to remain the dominant application for C9 resins during the forecast period owing to the increasing usage of C9 resins in the manufacturing of adhesives and sealants.