C5 Resin Market Analysis

Application (Paint & Coating, Adhesive, Printing Ink, Rubber and Wax Compounding)

The paint & coating segment in the C5 resin market is estimated to gain the largest revenue share of about 38% in the year 2037. Factors that are estimated to aid segment growth during the analysis period are the 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 segment growth in the assessment period.

End-User Industry (Construction, Medical, Printing, Mining, Packaging, Automotive, Power Generation)

C5 resin market from the construction segment is expected to garner a significant share of around 32% in the year 2037. The major factor for segment growth during the forecast period is the 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: