Global C9 Resin Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Grade;

Homopolymer, Copolymer, and Terpolymer.

By Application;

Paints and Coatings, Adhesives and Sealants, Printing Inks, Rubber and Tires, and Other Applications.

By End-Use Industry;

Automotive, Electrical and Electronics, Consumer Products, Healthcare, and Packaging.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn927320659 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global C9 Resin Market (USD Million), 2021 - 2031

In the year 2024, the Global C9 Resin Market was valued at USD 31,697.78 million. The size of this market is expected to increase to USD 51,907.12 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.3%.

The Global C9 Resin Market has experienced significant growth due to its widespread use in a variety of industrial applications. C9 resins, which are hydrocarbon resins derived from the C9 fraction of petroleum, are valued for their excellent adhesive, coating, and bonding properties. These resins are primarily used in industries such as paints and coatings, adhesives and sealants, printing inks, rubber compounding, and more. Their unique chemical composition, which offers improved flexibility, heat resistance, and compatibility with other materials, has made C9 resins a critical component in a wide range of applications, fueling their demand across the globe. As industries continue to innovate and seek higher-performing materials, the global market for C9 resins is expected to expand further.

Key industries such as automotive, construction, packaging, and electronics are driving the demand for C9 resins, owing to their essential role in the production of adhesives, coatings, and sealants. In the automotive sector, for example, C9 resins are used to improve the durability and performance of coatings, adhesives, and sealants that are applied to vehicles for both aesthetic and functional purposes. Similarly, the packaging industry heavily relies on C9 resins for adhesive solutions in carton sealing, labels, and flexible films. These industries' constant evolution, with an emphasis on higher quality, efficiency, and sustainability, has led to continuous innovations in resin formulations, contributing to the growth of the C9 resin market.

Technological advancements and the push for more sustainable, eco-friendly solutions further support the expansion of the C9 resin market. As environmental regulations become more stringent, manufacturers are focusing on developing greener, bio-based C9 resins derived from renewable sources, as well as improving the efficiency of production processes. The growing trend toward sustainable packaging, energy-efficient building materials, and high-performance automotive parts has created new opportunities for C9 resins in emerging markets. The rapid industrialization and infrastructure development in regions like Asia-Pacific, coupled with increased consumer demand for high-quality, durable products, are expected to drive the market for C9 resins to new heights in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Global C9 Resin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for High-Performance Coatings and Adhesives
        2. Growing Automotive Industry and Applications
        3. Rising Demand from Emerging Economies in Asia-Pacific
        4. Technological Advancements in Resin Formulations
        5. Expanding Construction and Packaging Sectors
      2. Restraints
        1. Volatile Raw Material Prices
        2. Environmental and Regulatory Challenges
        3. High Production Costs for Specialized Resins
        4. Competition from Alternative Resin Technologies
      3. Opportunities
        1. Growing Demand for Eco-friendly and Sustainable Resin Solutions
        2. Expanding Use in Emerging Applications (e.g., Electric Vehicles, Electronics)
        3. Technological Innovations in Resin Production
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global C9 Resin Market, By Grade, 2021 - 2031 (USD Million)
      1. Homopolymer
      2. Copolymer
      3. Terpolymer
    2. Global C9 Resin Market, By Application, 2021 - 2031 (USD Million)
      1. Paints and Coatings
      2. Adhesives and Sealants
      3. Printing Inks
      4. Rubber and Tires
      5. Other Applications
    3. Global C9 Resin Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Automotive
      2. Electrical and Electronics
      3. Consumer Products
      4. Healthcare
      5. Packaging
    4. Global C9 Resin Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Toray Industries, Inc.
      2. Sinopec Corp.
      3. Sabic
      4. Braskem S.A.
      5. Mitsui Chemicals, Inc.
      6. Chevron Phillips Chemical Company LLC
      7. Sumitomo Chemical Company, Limited
      8. Formosa Plastics Corporation
  7. Analyst Views
  8. Future Outlook of the Market