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Research Nester published a report titled “C5 Resin Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers a detailed overview of the global C5 resin rehabilitation market in terms of market segmentation by type, application, distribution channel, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global C5 resin market is projected to grow at a CAGR of ~5% during the forecast period i.e., 2023 – 2035. The growth of the market can be accredited to the eminent demand for the C5 resin in the packaging, and paint & coating industry along with its remarkable utilization in the printing ink, rubber compounding, adhesives formulation, tire manufacturing, and as a tackifier. In 2019, the global production of paint and coating was evaluated at approximately 10 billion gallons. Furthermore, a significant increment in crafting ornament and other objects using resin is also forecasted to hike the market growth.
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The global C5 resin market is segmented by distribution channel into online, retailers, convenience stores, and others. Out of these sub-segments, the online segment is anticipated to acquire a notable share in the market throughout the forecast period owing to the growing accessibility of online platforms for purchasing products. It was observed in 2020 that approximately 80% of people of the global population preferred to purchase goods online.
Furthermore, the global C5 resin market is segmented by region, into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these, the market in the Asia Pacific region is anticipated to witness considerable growth during the forecast period on the back of higher production of the C5 resin in the region and increasing demand across various industries. The demand and supply chain of C5 resin in the Asia Pacific region is so immaculate owing to the presence of major chemical manufacturers in the region. Such factors are estimated to fuel the regional market growth.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Rising Utilization of C5 Resin in the Packaging Industry to Propel the Market Growth
C5 resin is used in the packaging industry on account of its excellent barrier properties that are beneficial in keeping goods fresh, expanding their shelf-life, and avoiding pollutants. This is estimated to boost the market growth. Additionally, C5 resin is primarily used in beverage and food packaging since it is opaque, unbreakable, and flexible, which is further anticipated to increase the application of C5 resin.
However, the other available alternatives of C5 resin in the market are expected to operate as a key restraint to the growth the of global C5 resin market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global C5 resin market which include company profiling of Arakawa Chemical Industries, Ltd., Cray Valley S.A., Kolon Industries, Inc., ENEOS Holdings, Inc., DuPont de Nemours, Inc., Shanghai Jinsen Hydrocarbon Resins Co., Ltd, Zibo Luhua Hongjin New Material Group Co., Ltd, Eastman Chemical Company, Lesco Chemical Limited, and Neville Chemical Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global C5 resin market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.
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