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Global C9 HCR Market, By Application, By Region; Trend Analysis, Competitive Market Share & Forecast, 2020-2027

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  • 83 Pages
  • January 2020
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5271497
Aromatic C9 hydrocarbon resin (C9 HCR), Market is Projected to Reach USD Billion by 2027, Growing at a CAGR of around 5.5% During 2021-2027

According to this report, the global C9 HCR resin market worth USD 1.2 billion in 2020 and is further projected to reach USD billion by 2027, growing at a CAGR of around 5.4% during 2021-2027 (forecast period). C9 hydrocarbon resin (C9 HCR), an aromatic resin, is manufactured via various polymerization and chemical processes. The composition of the resin depends upon the feedstock used. C9 resins are used to produce adhesives, paints, and coatings, printing inks, rubber compounding, pressure sensitive tapes, and labels, etc.

Adhesives and paints market will be leading the charge in the forecast period and will dominate the market for C9 HCR.

C9 resins are used to produce adhesives, hot melts, paints, and coatings, rubber, plastic modifiers, glutting agents, etc. C9 resins are used when there are concerns over thermal and color stability. The rubber industry extensively uses C9 resins due to the mutual solubility of natural rubber particles in C9 resins. When used with paints, C9 resins enhance their adhesiveness, color stability, thermal stability, and provide resistivity against acids, water, and alkali.

Rise of rosin resin as an alternative and the high cost of the product is likely to hamper the market growth.

The cost of production associated with the manufacturing of C9 resin is high. This increases the price of the product, which negatively affects the market growth. With the growing need for bio-friendly products, natural resins, such as Rosin resins, are an alternative for C9 resin. Rosin resin, obtained from a pine tree and similar plants, has antibacterial properties. It is increasingly being used in the food and beverages industry.

Adhesives and sealants sector were leading the market and are likely to again drive the market in the forecast period.

C9 resin has a wide range of usages. C9 aromatic hydrocarbon resin is used extensively to produce adhesives and hot melts. C9 aromatic resins have an excellent adhesive property and are highly stable even at high temperatures. C9 aromatic resins are highly compatible with a range of solvents, paints, coatings, and polymers. C9 resins have excellent color stability and are used in large quantities in the paints industry. C9 resins also provide good resistance against water, acid, and alkali.

Global C9 Resin Market: Regional insights

The global market of C9 resin is divided into Asia Pacific, North America, Europe, South America, and the Middle East. Asia Pacific region is likely to witness the highest growth rate thanks to its rapidly developing countries, high demand for end-user industry products, and the presence of several automotive and construction businesses in the region.

North America is projected to witness average market growth due to economic developments coupled with high consumer disposable income, and demand for C9 resins in various industries present in the region.

Global C9 Resin Market: Competitive Landscape

The leading players in the global C9 resin market are Brasken, Cymetech (Owned by Sojitz), Reliance Industries, Henghe Petrochemical Co., Ltd, Shandong Shenxian Ruisen Petroleum Resins Co., Ltd, Cepsa, Mitsui Chemicals, Ineos Phenol, ExxonMobil, Rain carbon, Zeon Corporation, Idemitsu, Puyang Changyu Petroleum Resins, Lesco, Kolon Hydrocarbon, Puyang Tiancheng Chemical Co., Ltd. Arakawa Chemical Industries, Eastman Chemical Company, BASF, Dow Chemicals, and other prominent players.

Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global C9 Resin market size & forecast. The report promises to provide recent technology trends of the C9 Resin market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global C9 HCR Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Recent Development
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Intensity of Rivalry
5. Global C9 HCR Market Overview
5.1. Market Size & Forecast by Value, 2020-2027
5.1.1. By Value (USD Billion)
5.1.2. By Volume (KT)
5.2. Market Share & Forecast
5.2.1. By Application Introduction Paints and coatings Adhesives and sealants Lubricants Rubber compounding Hot melt adhesives Glutting agents Others
5.2.2. By Region North America Europe Asia Pacific Latin America Middle East & Africa
6. North America C9 HCR Market
6.1. Market Size & Forecast by Value, 2020-2027
6.1.1. By Value (USD Billion)
6.1.2. By Volume (KT)
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Country United States Canada
7. Europe C9 HCR Market
7.1. Market Size & Forecast by Value, 2020-2027
7.1.1. By Value (USD Billion)
7.1.2. By Volume (KT)
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Country Germany United Kingdom Italy France Spain Rest of Europe
8. Asia Pacific C9 HCR Market
8.1. Market Size & Forecast by Value, 2020-2027
8.1.1. By Value (USD Billion)
8.1.2. By Volume (KT)
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By Country China India Japan Singapore South Korea Rest of Asia Pacific
9. Latin America C9 HCR Market
9.1. Market Size & Forecast by Value, 2020-2027
9.1.1. By Value (USD Billion)
9.1.2. By Volume (KT)
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Country Brazil Mexico Rest of Latin America
10. Middle East & Africa C9 HCR Market
10.1. Market Size & Forecast by Value, 2020-2027
10.1.1. By Value (USD Billion)
10.1.2. By Volume (KT)
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By Country Saudi Arabia GCC UAE South Africa Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. Impact of Covid-19 on C9 Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Brasken
13.2. Cymetech (Owned by Sojitz)
13.3. Reliance Industries
13.4. Eastman Chemical Company
13.5. BASF
13.6. Essar International
13.7. Dow Chemicals
13.8. Henghe Petrochemical Co., Ltd
13.9. Shandong Shenxian Ruisen Petroleum Resins Co., Ltd
13.10. Cepsa
13.11. Mitsui Chemicals
13.12. Ineos Phenol
13.13. ExxonMobil
13.14. Rain carbon
13.15. Zeon Corporation
13.16. Idemitsu
13.17. Puyang Changyu Petroleum Resins
13.18. Lesco
13.19. Kolon Hydrocarbon
13.20. Puyang Tiancheng Chemical Co. Ltd
13.21. Arakawa Chemical Industries
13.22. Others

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Brasken
  • Cymetech (Owned by Sojitz)
  • Reliance Industries
  • Henghe
  • Petrochemical Co. Ltd
  • Shandong Shenxian Ruisen Petroleum Resins Co. Ltd
  • Cepsa
  • Mitsui Chemicals
  • Ineos Phenol
  • ExxonMobil
  • Rain carbon
  • Zeon Corporation
  • Idemitsu
  • Puyang Changyu Petroleum Resins
  • Lesco
  • Kolon Hydrocarbon
  • Puyang Tiancheng Chemical Co. Ltd.
  • Arakawa Chemical Industries
  • Eastman Chemical Company
  • BASF
  • Dow Chemicals