January 2021
BWC20263

180
global c5 hydrocarbon resin (hcr) market
Global C5 HCR Market size- Industry Trends & Forecast Report 2026.
The global C5 HCR market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 1.1 billion in 2020. The market is further expected to touch USD billion by 2027, growing at a CAGR of almost 6.0% during 2021-2027 (forecast period). C5 HCR is produced from aliphatic C5 hydrocarbons, produced as a by-product of the cracking process. C5 resins are widely used in many industries, such as – Adhesive and sealants, paints and coatings, printing inks, rubber compounding, pressure-sensitive tapes, and labels, etc. Furthermore, with the increasing construction and industrialization in developing countries, the demand for C5 resin is growing constantly and contributing to the growth of the market.
Source: BlueWeave Consulting
Global C5 HCR Market Overview:
Aliphatic hydrocarbon resins (C5 Resins) are made from C5 piperylene and its derivatives. C5 resins are aliphatic in nature and are fully compatible with natural rubber, LDPE, and elastomers with low polarity. C5 resins provide excellent tack and have enhanced heat stability. C5 resins have found major applications in the adhesive and hot melt industry. C5 resins, with paints, provide water resistance, UV, and chemical protection. The rubber industry is another sector with a wide range of applications for C5 resins.
C5 HCR Market Forecast and Trends
Growth Drivers
Excellent adhesive strength with enhanced
thermal and chemical stability.
C5 HCR has excellent adhesive properties. C5 HCR also protects
acids, bases, and water. When used with paints and coatings, they provide
excellent gloss, tack, and adhesion to the paints. Therefore, they are used
extensively in the automotive industry. Owing to their aliphatic nature, C5
resins are compatible with all-natural rubber, and most olefins, and are used
to reduce the tacky nature of natural rubber. In recent years, the natural
rubber market has increased significantly, and the use of C5 resins to reduce
the tackiness of the natural rubber is also increasing.
Rise of Pressure-sensitive tapes and
labels market.
The pressure-sensitive tapes and labels market is growing day by
day. The increasing demand for pressure sensitive tapes in the medical sector
will be driving the market for C5 resin in the forecast period. The packaging
sector is another market with an increasing demand for pressure-sensitive tapes
and labels with good adhesive properties. Hot melts, used for road
constructions, are also a segment with the growing application of C5 resins.
Hot melts have low softening points and are often in the solid phase at room
temperature, which makes their handling very easy. They change to liquid form
between 120-180 degrees and cool rapidly with excellent bonding strength.
Restraints
Environment restraints and the rise of
rosin resin as a bio-friendly alternative to C5 resin is most likely to hamper
the growth of the C5 resin Industry.
The attention of the world is shifting towards
environment-friendly products. Furthermore, with the governments regularly
updating regulations for petroleum products, the growth of the C5 resin market
is likely to be adversely affected. The emergence of rosin resin as a
bio-friendly alternative to C5 resin is also going to affect the growth rate of
the C5 resin market negatively. The rosin resin, obtained from Pine trees and
plants, is a natural resin and has minimal effects on human health. Also, the
rosin resin has properties very similar to C5 resin and is seen as a
cost-friendly alternative to C5 resin.
Impact of COVID-19 in industry
The global economy and humanity have been pushed into a crisis
due to the COVID-19 pandemic. Due to the high infection rate and adverse impact
on public health systems, various governments have enforced nationwide
lockdowns significantly impacting manufacturing supply chains, trade, and
related services. Players are currently considering digital solutions that
would enable them to serve the community and provide new opportunities to do
business. The production, manufacturing, supply chain, and other operations,
have slowed down globally aimed to limit the spread of the coronavirus. The
global impact of the coronavirus disease 2019 (COVID-19) is likely only
beginning and it significantly affected the market in 2020. The second wave of
COVID-19 has started, and with the cases of the second strain of COVID-19
increasing, the countries are again announcing nationwide lockdowns. Despite
the growing uncertainty and panic, technology suppliers must continue to focus
on their long-term investments, maintain engagement with partners and
prospects, and look to specific markets for stability.
C5 Resin Market: By End Use
Based on the End-use, the C5 resin market is segmented into Adhesive and sealants, Paints and Coating, Printing Inks, Rubber Compounding, and Pressure-sensitive tapes and labels. Adhesives and Sealants market is likely to dominate globally. The enhanced thermal and oxidative resisting properties along with the high processability of adhesives are fueling the demand and acting as the major factors driving the growth of this end-user segment. The pressure-sensitive tapes and labels market is also going to affect the C5 resin market positively.
Source: BlueWeave Consulting
C5 HCRMarket: Regional Insight
On a global scale, the C5 resin market is fragmented into Asia Pacific, Europe, North America, South America, and the Middle East. Asia-Pacific region is most likely to dominate the C5 HCR market with China, and India leading the way. The regional market share is likely to grow in the forecast period owing to the growing automotive industry and increasing construction work. In recent years the production of natural rubber, in India, has increased significantly, which will positively affect the market growth of C5 HCR. North American region is likely to follow the lead with high disposable income, great investment opportunities, and high demand for adhesives, tapes, and hot melts.
Source:BlueWeave Consulting
Competitive
landscape
THE
aliphatic C5 HCR resin market is fragmented owing to the presence of several
companies that provides varied petroleum resin products. However, the companies
that hold the majority share of the Petroleum Resin market are 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.
In the C5 HCR resin market, prominent market participants compete based on price and product quality. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large-sized companies, however, are likely to aim for global expansion, in a bid to gain a more considerable brand reputation.
Scope of the
Report
Attribute |
Details |
Years Considered |
Historical data – 2017-2020 Base Year – 2021 Forecast – 2022 – 2027 |
Facts
Covered |
Revenue in USD Billion |
Market
Coverage |
U.S, Canada, Germany, UK, Germany, France, Italy, Spain, Italy, Japan, China,
India, Japan, Singapore, South Korea, Brazil, Mexico, Saudi Arabia, GCC
Countries. UAE, South Africa |
Product/Service
Segmentation |
By End-Use Industry and By Region |
Key
Players |
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 others |
Scope of the Report
By End Use
Industry
Ø Adhesive and sealants
Ø Paints and Coatings
Ø Printing Inks
Ø Rubber Compounding
Ø Pressure sensitive Tapes and Labels
Ø Others
By Region
Ø
North America
Ø
Europe
Ø
Asia Pacific
Ø
Middle East and Africa
Ø
Latin America
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
Contact NowWHY CHOOSE US
-
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs.
-
Quality & Accuracy
offers best quality reports based on various authentic and accurate data findings.
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.