C5 Resin Market Share

APAC Market Forecast

Asia Pacific industry is likely to hold largest revenue share of 35% by 2037. The market growth in this region is attributed to the rising growth in the C5 resin production and its high utilization in the region. China and India are the leading countries in the Asia Pacific to churn out the C5 resin. For instance, the total C5 resin production in China amounted to cross USD 175 billion USD 165 billion in 2021. Also, the market in this region is forecasted to grow on the back of rapidly increasing construction activities.

North American Market Statistics

The North America C5 resin market is estimated to be the second largest, registering a share of about 24% by the end of 2037, owing to the excessive utilization of C5 resin in tire manufacturing and adhesive formulation. The growing automotive industry in the region is expected to increase the demand for C5 resin in the region. Also, the market growth is ascribed to the rising investments in prominent applications in various industries along with the emerging advanced technologies in the region during the forecast period.