C9 Resin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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)

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C9 Resin Industry Overview

C9 Resin Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: < 5 %

Major Players

C9 Resin Market Key Players

*Disclaimer: Major Players sorted in no particular order
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C9 Resin Market Analysis

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

C9 Resin Industry Segments

The Global C9 Resins Market report includes:

Application
Paints and Coatings
Adhesives and Sealants
Printing Inks
Rubber and Tires
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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C9 Resin Market Trends

This section covers the major market trends shaping the C9 Resin Market according to our research experts:

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.
C9 Resin Market Trends

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 Analysis

C9 Resin Market Competitor Analysis

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.

C9 Resin Market Top Players

  1. Cray Valley

  2. Henan Anglxxon Chemical Co., Ltd.

  3. Kolon Industries, Inc.

  4. Neville Chemical Company

  5. Eastman Chemical Company

*Disclaimer: Major Players sorted in no particular order

"Cray Valley, Henan Anglxxon Chemical Co., Ltd., Kolon Industries, Inc., Neville Chemical Company, Eastman Chemical Company"

C9 Resin Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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

  5. 5. MARKET SEGMENTATION

    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. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    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

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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C9 Resin Market Research FAQs

The C9 Resin Market is studied from 2018 - 2028.

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 2018 - 2028.

Asia Pacific holds highest share in 2021.

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.

C9 Resin Industry Reports

In-depth industry statistics and market share insights of the C9 Resin sector for 2020, 2021, and 2022. The C9 Resin research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the C9 Resin report PDF.

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