Market Size of C5 Resin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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C5 Resin Market Analysis
The global C5 resin market is expected to register a CAGR of over 4% during the forecast period (2022-2027).
The COVID-19 pandemic negatively affected the market in 2021. There was a decline in the demand for paints and coatings, printing inks, rubber compounding, etc. However, the market is excepted to regain its growth trajectory in the coming years.
- In the short term, the strong growth of the construction industry and rapid increase in demand for hot-melt adhesives from the packaging industry are expected to drive the market.
- The replacement of petroleum resins with rosin resins is expected to hinder the growth of the market.
- The Asia-Pacific region is expected to dominate the market. The highest demand may be from China, followed by India.
