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Terpene Resins Market worth $19.46 billion by 2030, growing at a CAGR of 10.82% - Exclusive Report by 360iResearch
Terpene Resins Market | 360iResearch
The Global Terpene Resins Market to grow from USD 9.47 billion in 2023 to USD 19.46 billion by 2030, at a CAGR of 10.82%.
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The terpene resins are mixtures of polymeric pinene and limonene produced through the polymerization and condensation of terpenes. Terpene resins are used in various applications, including adhesives, paints, coatings, printing inks, rubber compounding, and asphalt modifiers. Terpene resins have high molecular weight, low cost, and excellent resin compatibility with excellent heat stability and resistance to oxidation, making them suitable for use in various industrial processes. Increasing use for the production of adhesives and the packaging industry is elevating the usage of terpene resins. Complexities and technical issues associated with terpene resins hamper the market's growth. Increasing technological advancements and production of bio-based terpene resins are expected to create opportunities for the growth of the terpene resins market.
In North America, the demand for terpene resins is growing to manufacture adhesives, which are highly used in the automotive, construction, and coating industries. The building & construction industries grow significantly in countries such as the U.S., Canada, and Mexico, increasing demand for coatings and refinish based on terpene resins. In Europe, the increasing demand for eco-friendly and sustainable products significantly increases the utilization of bio-based terpene resins. In Asia-Pacific, the demand for terpene resins from emerging countries such as India, China, and Japan is rising due to rapid industrialization and urbanization. As per the Australian Government, as of 2023, there are 9,750 commercial and industrial building construction businesses in Australia. As per the Indian government data, from April 2000 to September 2021, the Indian construction industry received a total investment of USD 26.16 billion for construction and development, including townships, housing, and built-up infrastructure under the foreign direct investment (FDI) policy. China's government focuses on reducing volatile components in resins, further enhancing the demand for various bio-based terpene resins for coating applications.
Market Segmentation & Coverage:
This research report categorizes the Terpene Resins Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Liquid and Solid. The Liquid is projected to witness significant market share during forecast period.
Based on Application, market is studied across Adhesives & Sealants, Inks & Coatings, Leather Processing, Plastic & Rubber Coating, and Pulp & Paper. The Adhesives & Sealants is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Terpene Resins Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Terpene Resins Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Terpene Resins Market, highlighting leading vendors and their innovative profiles. These include Abstrax Tech., Akrochem Corporation, Alfa Chemistry, Arakawa Chemical Industries, Ltd., Archer-Daniels-Midland Company, BOC Sciences, ChemPoint by Univar Solutions Inc., China Mk Group Co. Ltd., Dayang Chem (Hangzhou) Co., Ltd., Eastman Chemical Company, Foreverest Resources Ltd., Foshan Baolin Chemical Industry Co., Ltd., Grenhall Chemicals Limited, Guangzhou ECOPOWER New Material Co.Limited., Hindustan Resins & Terpenes, Ingevity Corporation, International Flavors & Fragrances Inc., Kraton Corporation, Lesco Chemical Limited, Mangalam Organics Limited by Dujodwala Group, Qingdao Hwalong Chemical Co., Ltd., Resin and Terpene Derivatives, Skyrun Industrial, Taiwan PU Corporation, Teckrez Inc., Vizag Chemical, Xinyi Sonyuan Chemical Co. Ltd, and Yasuhara Chemical Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Terpene Resins Market, by Type
7. Terpene Resins Market, by Application
8. Americas Terpene Resins Market
9. Asia-Pacific Terpene Resins Market
10. Europe, Middle East & Africa Terpene Resins Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Terpene Resins Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Terpene Resins Market?
3. What is the competitive strategic window for opportunities in the Terpene Resins Market?
4. What are the technology trends and regulatory frameworks in the Terpene Resins Market?
5. What is the market share of the leading vendors in the Terpene Resins Market?
6. What modes and strategic moves are considered suitable for entering the Terpene Resins Market?
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