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The Terpene Resins Market size was estimated at USD 9.47 billion in 2023, USD 10.46 billion in 2024, and is expected to grow at a CAGR of 10.82% to reach USD 19.46 billion by 2030.The terpene resins are mixtures of polymeric pinene and limonene produced through the polymerization and condensation of terpenes. Terpene resins are used in various applications, including adhesives, paints, coatings, printing inks, rubber compounding, and asphalt modifiers. Terpene resins have high molecular weight, low cost, and excellent resin compatibility with excellent heat stability and resistance to oxidation, making them suitable for use in various industrial processes. Increasing use for the production of adhesives and the packaging industry is elevating the usage of terpene resins. Complexities and technical issues associated with terpene resins hamper the market's growth. Increasing technological advancements and production of bio-based terpene resins are expected to create opportunities for the growth of the terpene resins market. Speak directly to the analyst to clarify any post sales queries you may have.
Regional Insights
In North America, the demand for terpene resins is growing to manufacture adhesives, which are highly used in the automotive, construction, and coating industries. The building & construction industries grow significantly in countries such as the U.S., Canada, and Mexico, increasing demand for coatings and refinish based on terpene resins. In Europe, the increasing demand for eco-friendly and sustainable products significantly increases the utilization of bio-based terpene resins. In Asia-Pacific, the demand for terpene resins from emerging countries such as India, China, and Japan is rising due to rapid industrialization and urbanization. As per the Australian Government, as of 2023, there are 9,750 commercial and industrial building construction businesses in Australia. As per the Indian government data, from April 2000 to September 2021, the Indian construction industry received a total investment of USD 26.16 billion for construction and development, including townships, housing, and built-up infrastructure under the foreign direct investment (FDI) policy. China's government focuses on reducing volatile components in resins, further enhancing the demand for various bio-based terpene resins for coating applications.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Terpene Resins Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Terpene Resins Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Terpene Resins Market, highlighting leading vendors and their innovative profiles. These include Abstrax Tech., Akrochem Corporation, Alfa Chemistry, Arakawa Chemical Industries, Ltd., Archer-Daniels-Midland Company, BOC Sciences, ChemPoint by Univar Solutions Inc., China Mk Group Co. Ltd., Dayang Chem (Hangzhou) Co., Ltd., Eastman Chemical Company, Foreverest Resources Ltd., Foshan Baolin Chemical Industry Co., Ltd., Grenhall Chemicals Limited, Guangzhou ECOPOWER New Material Co.Limited., Hindustan Resins & Terpenes, Ingevity Corporation, International Flavors & Fragrances Inc., Kraton Corporation, Lesco Chemical Limited, Mangalam Organics Limited by Dujodwala Group, Qingdao Hwalong Chemical Co., Ltd., Resin and Terpene Derivatives, Skyrun Industrial, Taiwan PU Corporation, Teckrez Inc., Vizag Chemical, Xinyi Sonyuan Chemical Co. Ltd, and Yasuhara Chemical Co., Ltd.Market Segmentation & Coverage
This research report categorizes the Terpene Resins Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Liquid
- Solid
- Application
- Adhesives & Sealants
- Inks & Coatings
- Leather Processing
- Plastic & Rubber Coating
- Pulp & Paper
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Terpene Resins Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Terpene Resins Market?
- What are the technology trends and regulatory frameworks in the Terpene Resins Market?
- What is the market share of the leading vendors in the Terpene Resins Market?
- Which modes and strategic moves are suitable for entering the Terpene Resins Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Terpene Resins Market, by Type
7. Terpene Resins Market, by Application
8. Americas Terpene Resins Market
9. Asia-Pacific Terpene Resins Market
10. Europe, Middle East & Africa Terpene Resins Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Abstrax Tech.
- Akrochem Corporation
- Alfa Chemistry
- Arakawa Chemical Industries, Ltd.
- Archer-Daniels-Midland Company
- BOC Sciences
- ChemPoint by Univar Solutions Inc.
- China Mk Group Co. Ltd.
- Dayang Chem (Hangzhou) Co., Ltd.
- Eastman Chemical Company
- Foreverest Resources Ltd.
- Foshan Baolin Chemical Industry Co., Ltd.
- Grenhall Chemicals Limited
- Guangzhou ECOPOWER New Material Co.Limited.
- Hindustan Resins & Terpenes
- Ingevity Corporation
- International Flavors & Fragrances Inc.
- Kraton Corporation
- Lesco Chemical Limited
- Mangalam Organics Limited by Dujodwala Group
- Qingdao Hwalong Chemical Co., Ltd.
- Resin and Terpene Derivatives
- Skyrun Industrial
- Taiwan PU Corporation
- Teckrez Inc.
- Vizag Chemical
- Xinyi Sonyuan Chemical Co. Ltd
- Yasuhara Chemical Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 195 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 10.46 Billion |
| Forecasted Market Value ( USD | $ 19.46 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
