C5 Resin Market Segmentation:
Application Segment Analysis
Paint & coating segment is poised to capture C5 resin market share of over 38% by 2035, as increasing demand for paints and coatings from various end-use industries such as automotive, construction, healthcare, adhesives, and others. According to recent statistics, it is anticipated that 860 million gallons of architectural paint was estimated to be used in the United States in 2020. Furthermore, C5 resin has an extensive range of applications as a modifier for paints and printing inks which is also estimated to create a positive outlook for market growth.
End-User Segment Analysis
Construction segment is expected to account for C5 resin market share of more than 32% by the end of 2035, due to rapid growth of the real estate sector and the rising favorable initiatives for infrastructure development. According to recent forecasts, real estate businesses generated around USD 10 billion in income in 2021. Furthermore, the increasing number of residential and non-residential building projects, as well as rising investments in research and development activities, are expected to boost segment expansion.
Our in-depth analysis of the global market includes the following segments:
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