[FURL=https://www.industryarc.com/Research/C5-Resin-Market-Research-502982?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]C5 Resin Market[/FURL] C5 Resin Market size is expected to be valued at $450.1 million by the end of the year 2026 after growing at a CAGR of 4.1% during the forecast period from 2021-2026. The increase in demand for hot melt adhesives in the packaging industry is highly driving the C5 resin market. Significant growth in the construction industry is also contributing to the increase in need and demand for C5 Resin. Industry-led promotion of specific grade applications are also driving the C5 resin market. Aliphatic resin is also used as a synthetic adhesive in bonding wood particles and various other applications. Furthermore, hydrocarbon resins/petroleum resin, a C5 resin is also used in the paint, adhesives and printing inks. The increase in the application of products like paints and adhesives is driving the demand for C5 resin market.Key Takeaways
Asia-Pacific market held the largest share in the C5 Resin market owing to the growing construction industry especially in major countries like China, India and Japan.
The increase in use of hot melt adhesives in industries such as automotive industry, healthcare industry and paper industry is driving the C5 resin market.
The extensive use of pressure sensitive tapes and labels in the packaging industry and medical industry is contributing to the growth of C5 Resin market.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=502982[/FURL]
C5 Resin Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the C5 Resin market in the year 2020. Asia Pacific region was the largest producer of paints and coatings in the year 2019. The increase in use of paints in countries like China, India and Japan has driven the C5 resin market in the Asia Pacific region. The paint industry in China witnessed a revenue of US$83.3 million in the year 2019. C5 resin is extensively used in the production of rubber. The rubber manufacture in India in the year amounted to 74000 tonnes, which is further driving the C5 resin market in the Asia-Pacific region.
C5 Resin Market Drivers
Growing need in construction and manufacturing sector
Growth in the packaging industry
C5 Resin Market Industry Market Landscape
Major players in the C5 Resin Market are Eastman Chemical Company, Henan Anglxxon Chemical Co., Ltd, Kolon Industries, Neville Chemical Company, TOTAL Cray Valley, Sojitz Corporation, Arakawa Chemical Industries Ltd, Puyang United Chemical Co., Ltd, LESCO Chemical Limited and Zeon Corporation among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.