C5 RESINS MARKET ANALYSIS

Market Challenges And Opportunities

Global C5 Resins Market: Drivers

• Growing demand for adhesives and sealants from the packaging industry: The growing demand for adhesives and sealants from the packaging industry is primarily fueling the market growth. C5 resins are widely used as tackifiers, homogenizing agents, and performance modifiers to produce hot melt adhesives for the manufacturing industry. The adhesives and sealants manufactured using C5 resins are used in rigid packs, to seal flexible packaging, and for attaching labels. Moreover, these resins are resistant to environmental factors such as water, acids, and alkaline; hence have excellent adhesion and also help in reducing the manufacturing cost and drives the global C5 market growth.
• Expanding construction industry: The expanding construction industry due to the growing demand of the commercial and residential sectors is also anticipated to the fuel market growth. Moreover, growth in global refurbishing activities like cosmetic renovations, upgrading, major repair work, alterations, conversions, extensions and modernisations has created demand for various products such as coatings, paints, adhesives, and others. For instance, government stimulus plans(package of economic measure a government), such as the US$ 1.2 trillion Bipartisan Infrastructure Bill in the U.S. are likely to result in the growth of the construction industry over the forecast period.

Global C5 Resins Market: Restraints

• Increasing replacement of C5 resins with hydrogenated hydrocarbon resins: Increasing replacement of C5 resins with hydrogenated hydrocarbon resins due to their superior adhesive strength and improved resistivity against heat and cold is expected to hamper the market growth. They are widely used in the adhesives and labels market over C5 resins.
• Counterbalance: Petroleum resins improve tensile strength and increase fatigue resistance. Of rubber, bio-composite, and epoxy resin They also slow the formation of cuts by releasing stress at the crack tip, among other benefits.