C9 Resin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Application (Paints and Coatings, Adhesives and Sealants, Printing Inks, Rubber and Tires, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

petroleum resin market size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <5 %
C9 Resin Market Major Players

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Market Overview

The market for global c9 resin is expected to grow at a CAGR of over 5% globally during the forecast period. Strong growth of the construction industry and rapid increase in demand for hot-melt adhesives from packaging industry are driving the market growth.

  • Replacement of petroleum resins by rosin resins are expected to hinder the growth of the market.
  • Asia-Pacific region is expected to dominate the market with most of the demand coming from China, followed by India

Scope of the report

The Global C9 Resins Market report includes:

Paints and Coatings
Adhesives and Sealants
Printing Inks
Rubber and Tires
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand from Adhesives & Sealants Application

  • C9 Resins are used in adhesives as these resins have very good adhesiveness; they can increase the adhesiveness of adhesives, resistance to acid, alkaline and water.
  • These are widely used as tackifiers in the adhesives to increase the adhesion. These resins also reduce the production cost.
  • These are majorly used in hot-melt adhesives and pressure-sensitive tapes and labels. The increase of hot melt adhesives in automotive, healthcare and paper, board & packaging is increasing rapidly in the Asia-Pacific, Europe, and North America region.
  • The usage of pressure sensitive tapes and labels are also growing majorly in the packaging and medical industry, which is also contributing to the adhesives market which, in turn, is positively affecting the C9 resins market.
petroleum resin market analysis

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 occupies 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 C9 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.
  • Thus, growing demand for C9 resins in various applications in Asia-Pacific region is expected to grow during the forecast period.
C9 Resin Market trends

Competitive Landscape

The global C9 resin market is partially fragmented in nature with the presence of various players in the market. Some of the major companies in c9 resins market include Cray Valley, Eastman Chemical Company, Henan Anglxxon Chemical Co., Ltd., Kolon Industries, Inc., and Neville Chemical Company, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Strong Growth of the Construction Industry

      2. 4.1.2 Rapid Increase in Demand for Hot-Melt Adhesives from Packaging Industry

    2. 4.2 Restraints

      1. 4.2.1 Replacement of Petroleum Resins by Rosin Resins

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Application

      1. 5.1.1 Paints and Coatings

      2. 5.1.2 Adhesives and Sealants

      3. 5.1.3 Printing Inks

      4. 5.1.4 Rubber and Tires

      5. 5.1.5 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.2.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.2.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arakawa Chemical Industries,Ltd

      2. 6.4.2 Cray Valley

      3. 6.4.3 DuPont

      4. 6.4.4 Eastman Chemical Company

      5. 6.4.5 ECPlaza Network Inc.

      6. 6.4.6 Exxon Mobil Corporation

      7. 6.4.7 Henan Anglxxon Chemical Co.,Ltd

      8. 6.4.8 Henan Sanjiangyuan Chemical Co., Ltd.

      9. 6.4.9 Kemipex

      10. 6.4.10 Kolon Industries, Inc.

      11. 6.4.11 Lesco Chemical Limited

      12. 6.4.12 Neville Chemical Company

      13. 6.4.13 Puyang Ruisen Petroleum Resins Co., Ltd

      14. 6.4.14 Seacon Corporation

      15. 6.4.15 Shandong Landun Petroleum Resin Co., Ltd

      16. 6.4.16 Shanghai Jinsen Hydrocarbon Resins Co., Limited

      17. 6.4.17 ZEON CORPORATION

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The C9 Resin Market market is studied from 2016 - 2026.

The C9 Resin Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Cray Valley , Henan Anglxxon Chemical Co., Ltd. , Kolon Industries, Inc., Neville Chemical Company , Eastman Chemical Company are the major companies operating in C9 Resin Market.

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