Global “C9 Resin Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global C9 Resin market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global C9 Resin market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Playersin C9 Resin Market Research Report 2019-2023
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Overview of C9 Resin Market:
The global C9 resin market is expected grow at a significant rate during the forecast period, majorly driven by the increasing demand from adhesives and paint and coatings applications from construction and automotive industry.C9 Hydrocarbon Resin is a kind of Aromatic Hydrocarbon resin produced by C9 fraction, by products of petroleum cracking, through pretreatment, polymerization and distillation. It isn’t a high polymer but a low polymer with the molecular weight between 300-3000. Owing to their properties, these resins are used in paints, printing inks, adhesives, and rubber compounding applications.Growth in Construction IndustryC9 resins are used in paints and coatings to increase the final finish, adhesiveness and hardness of paints. The resins are also used in adhesives due to their very good adhesiveness, resistance to acid, alkaline, and water. Paints and Coatings and adhesives are used widely in construction industry. According to the European Construction Industry Federation (FIEC), construction activity in the whole EU grew by 2.48% in 2015. In 2016, the overall output of the European construction industry grew by 2.2%, when compared to 2015, reaching a total of EUR 1,278 billion. In China, the airport development (New Beijing Airport), roads (30,000 km of highways with bridges build or upgrade), 30,000 km of high-speed rail covering, which is expected to cover more than 80 cities and 60% of urbanization ratio with permanent residents. In the fiscal year 2016-17, India had a total FDI investment of USD 60.08 billion, which was 8% higher than the previous year, with large investments in the real estate and infrastructure sectors. The US overall construction market grew by 1.9% in the Q3 of 2017, over Q3 of 2016, owing to the rise in new single-family house constructions. The new residential construction in terms of annual rate for housing units started in the United States, recorded growth of 6.34% in 2016 over 2015. In the first 10 months of 2017, the new residential construction recorded a growth of 2.43% when compared to the same time period in 2016. This growth in construction activities across the globe will contribute to the consumption of paints and coatings and adhesives and in turn, will lead to the demand for C9 resins.Adhesive and Sealants to Dominate the MarketC9 Resins are used in adhesives as these resins have very good adhesiveness; they can increase the adhesiveness of adhesives, resistance to acid, alkaline and water. These are widely used as tackifiers in the adhesives to increase the adhesion. These resins also reduces the production cost. These are majorly used in hot-melt adhesives and pressure-sensitive tapes and labels. The increase of hot melt adhesives in automotive, healthcare and paper, board and packaging is increasing rapidly in the Asia-Pacific, Europe, and North America region. The usage of pressure sensitive tapes and labels are also growing majorly in the packaging and medical industry, which is also contributing to the adhesives market which, in turn, is positively affecting the C9 resins market.Asia-Pacific dominating the C9 Resin MarketIn Asia-Pacific, China is the leading producer of paints and coatings across the globe. The country accounted to 18.99 million tons coatings production in 2016, which is close to 29.42% of the global coatings output, with a growth rate of 7.2%. In the first half of 2017, the total coatings output increased by 10.5% to 641 thousand metric ton. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupies more than half of the domestic paint market share. Moreover, India has over 550 manufacturers currently engaging in the printing inks business. Huber Group, DIC India, Siegwerk, Sakata, and Flint and Toyo are among the leading players in the printing inks market, comprising around 75% of the total market share. The production of natural rubber in India has rapidly increased in the last two years. The natural rubber production registered a growth rate of 23% in 2016-17, with the production of 690 thousand tons. These factors will largely contribute to the demand for C9 resins in the region.Major Players: Arakawa Chemical Industries, Eastman Chemical Company, Henan Anglxxon Chemical Co.,Ltd. Kolon Industries, Inc., Total Cray Valley, Seacon Corporation, and Neville Chemical Company, among others.
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Key Highlights from C9 Resin Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in C9 Resin industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The C9 Resin Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — C9 Resin Market report additionally provides distribution, Production, Consumption for the complete industry.
C9 Resin MarketTop Regions(regional analysis covers):-
Reason to Purchase this Report
To understand the impact of various applications on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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C9 Resin Market 2019 Report Brief:-
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