Terpene Resins Market

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Terpene Resins Market by product type (Solid, Liquid), grade (Industrial, Technical), application (Inks & coatings, adhesives & sealants, chewing gums pulp & paper, plastic & rubber, leather processing), and Region- Global Forecast to 2027

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Report Code: CH 8534 Feb, 2023, by marketsandmarkets.com

Updated on : March 02, 2023

Terpene Resins Market Size

The global terpene resins market was valued at USD 991 million in 2022 and is projected to reach USD 1,450 million by 2027, growing at a cagr 7.9% from 2022 to 2027. The overall increase in demand for terpene resins in emerging regions such as Asia Pacific and Middle East & Africa is driving the market. Rising demand from end-use industries including inks & coatings, plastic & rubber processing, pulp & paper, leather processing, chewing gum, and adhesives & sealants is driving the global market.

Global Terpene Resins Market Trends

Terpene Resins Market

Note: e-estimated, p-projected

Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis

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Terpene Resins Market Dynamics

Driver: Increasing demand for terpene resins from adhesives & sealants

Terpene resins are used as tackifiers in adhesives & sealants to increase the stickiness or adhesion of the product. Tackifiers are substances added to adhesives to improve their ability to adhere to surfaces. Terpene resins are particularly effective in this regard because they have a high molecular weight and a high degree of branching, which gives them good compatibility with other types of adhesives, such as rubber and synthetic resins. Terpene resins can also improve the flexibility and impact resistance of adhesives & sealants. Terpene-based adhesives are used in different end-use industries, including packaging, automotive, construction/assembly, and footwear. The growth in these end-use industries is expected to drive the market demand for terpene resins.

Restrain: Limited feedstock supply and volatility of raw material prices

Price and availability of raw materials is a key factor for terpene resin manufacturers when deciding the cost structure of their products. Major raw material feedstocks required to produce terpene resins are derived from natural and petroleum-based resources. The limited availability of natural feedstocks and higher regional concentration of suppliers in certain regions are projected to impact the terpene resins market. Furthermore, fluctuations in oil prices and a weak global economy may also restrain the growth of this market.

Opportunity: High demand for bio-based resins

High demand for bio-based resins is a significant opportunity for the terpene resins market. Bio-based resins are made from renewable resources, such as plant-based materials, and have a lower carbon footprint compared to traditional petroleum-based resins. This makes them a more sustainable and environmentally friendly alternative to traditional resins. The increasing concern for the environment and the need to reduce dependence on fossil fuels is creating huge opportunities for bio-based terpene resins. The government regulations to reduce greenhouse gas emissions and the increasing consumer awareness about the environmental impact of traditional resins are also contributing to the growing demand for bio-based resins. The use of bio-based terpene resins in various industries, such as construction, automotive, and packaging are expected to increase in the near future.

Challenge: High cost of raw materials

Terpene resins are derived from natural sources, such as pine and other coniferous trees, which are often found in remote and hard-to-access locations. The cost of harvesting and transporting these raw materials can be high, which is a major factor contributing to the high cost of terpene resins. In addition, the process of extracting and purifying the terpenes from the raw materials is also expensive and energy intensive. This includes the cost of equipment, labor, and energy required to separate the terpenes from the raw materials, as well as the cost of purifying and refining the terpenes to a suitable purity level for use in resins.

Solid segment accounted for the largest share amongst product type in the terpene resins market

Based on product type, the terpene resins market has been classified into solid and liquid. Terpene resins are manufactured and supplied in the above-mentioned forms to meet specific application requirements. Terpene resins are manufactured and supplied in solid forms, such as flaked, granular, and powered, which can be used in various applications, including adhesives & sealants, paper & pulp, leather processing, and chewing gums. The liquid form of terpene resins is normally supplied in containers to avoid environmental-related conditions, such as weather, temperature, and moisture.

Industrial grade segment to lead the grade in the overall terpene resins market

Based on grade, the terpene resins market has been classified into industrial and technical grades. The industrial grade resin refers to a type of plastic or polymer material that is suitable for use in industrial applications. It is typically made to be strong, durable, and resistant to wear and tear. Whereas, technical grade resin, is a type of resin that is specifically formulated to meet the technical requirements of a particular application or industry. It may have specific properties, such as high-temperature resistance, UV resistance, or chemical resistance, that make it suitable for use in certain applications. In general, technical grade resin has more stringent quality control and purity standards than industrial grade resin.

Adhesives and sealants application segment to lead the terpene resins market

The terpene resins market, by application, is segmented into inks & coatings, plastic & rubber processing, pulp & paper, leather processing, adhesives & sealants, chewing gum, and others, which include tires, pharmaceuticals, food & beverage, polymer modifiers, and aromatic oils. Terpene resins are a versatile and natural material used in a wide range of applications in the adhesives & sealant industry making it the leading segment in the applications. They are used as a binder, sealant, and coating material, and are valued for their natural origin, low toxicity, and environmental friendliness. Terpene resins are commonly used in water-based adhesives & sealants, and also used as a raw material in the production of other adhesives & sealants, such as rosin-based adhesives and hot-melt adhesives. They are also used in the production of varnishes, lacquers, and other coatings to protect and enhance the appearance of various materials.

Asia Pacific is estimated to grow at the fastest growth rate in the global terpene resins market.

The Asia Pacific region accounted for the largest market share in 2021 and is also expected to grow at the highest CAGR, during the forecast period. The market is driven by increasing demand from end-use industries coupled with the superior properties of terpene resins, such as chemical inactivity, non-toxicity, and effectiveness as compared to that of some of the conventionally used products that is expected to boost the market growth during the forecast period in the region.

Terpene Resins Market by Region

Source: Secondary Research, Primary Interviews, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Key Market Players

The key players in the terpene resins market Mangalam Organics Limited (India), Yasuhara Chemical Co. Ltd (Japan), Ingevity (US), Kraton Corporation (US), Baolin Chemical Industry Co. Ltd (China), Lesco Chemical Company (China), Arakawa Chemicals (Japan), Xinyi Sonyuan Chemical Co. Ltd (Japan). These players have established a strong foothold in the market by adopting strategies, such as new product launches, strategic partnerships, investment & expansions, and acquisitions between 2019 and 2022.

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Scope of the Report

Report Metric	Details
Years considered for the study	2020–2027
Base year considered	2021
Forecast period	2022–2027
Units considered	Value (USD Million) and Volume (KT)
Segments	Product type, Grade, Applications and Region
Regions	North America, Asia Pacific, Europe, Middle East & Africa, and South America
Companies	Mangalam Organics Limited (India), Yasuhara Chemical Co. Ltd (Japan), Ingevity (US), Kraton Corporation (US), Baolin Chemical Industry Co. Ltd (China), Lesco Chemical Company (China), Arakawa Chemicals (Japan), Xinyi Sonyuan Chemical Co. Ltd (Japan), and others. Total more than 20 players were covered.

This research report categorizes the terpene resins market based on Product type, Grade, Applications and Region.

By Product Type:

Solid
Liquid

By Grade:

Technical
Industrial

By Applications:

Inks & coatings
Adhesives & sealants
Chewing gums
Pulp & paper
Plastic & rubber
Leather processing
Others

By Region:

North America
Asia Pacific
Europe
Middle East & Africa
South America
The terpene resins market has been further analyzed based on key countries in each of these regions.

Recent Developments

In March 2022, Yasuhara signed an agreement with Leaf Resources to purchase terpenes for the next five years. This agreement helps strengthen Yasuhara’s terpene resins business.
In April 2022, Ingevity has developed new biobased oilfield products such as EnvaWet UHS 3100 and EnvaDry P-FL, derived from pine-based tree oil. These products provide unique performance and sustainability advantages.

Frequently Asked Questions (FAQ):

What are the factors influencing the growth of the Terpene resins market?

The growth of the Terpene resins market can be attributed to the increasing demand of terpene resins in the end use industries for wide verity of applications.

What are the key applications of driving the terpene resins market?

Adhesives & sealants is the largest application of terpene resins. Terpene resins are also used in other applications such as inks & coatings, plastic & rubber processing, pulp & paper, leather processing, chewing gums, and aromatic oils among others.

Who are the major manufacturers of the Terpene resins?

Major manufacturers of Terpene resins include Mangalam Organics Limited (India), Yasuhara Chemical Co. Ltd (Japan), Ingevity (US), Kraton Corporation (US), and Arakawa Chemicals (Japan).

What is the restraining factor for terpene resins?

The biggest restraint for this market can be the unstable geopolitical situation and limited feedstock supply with volatility of raw material prices.

What will be the growth prospects of the Terpene resins market?

High demand for bio-based resins is expected to provide the growth opportunities to terpene resins manufacturers. .

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.3 INCLUSIONS & EXCLUSIONS

TABLE 1 TERPENE RESINS MARKET: INCLUSIONS & EXCLUSIONS

1.4 MARKET SCOPE

1.4.1 MARKET SEGMENTATION

1.4.2 REGIONS COVERED

1.4.3 YEARS CONSIDERED

1.5 CURRENCY CONSIDERED

1.6 UNITS CONSIDERED

1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)

2.1 RESEARCH DATA

FIGURE 1 TERPENE RESINS MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 List of major secondary sources

2.1.1.2 Key data from secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key data from primary sources

2.1.3 PRIMARY INTERVIEWS

2.1.3.1 Primary interviews: Demand and supply sides

2.1.3.2 Key industry insights

2.1.3.3 Breakdown of primary interviews

2.2 MARKET SIZE ESTIMATION

FIGURE 2 MARKET SIZE ESTIMATION: APPROACH 1

FIGURE 3 MARKET SIZE ESTIMATION: APPROACH 2

2.2.1 TOP-DOWN APPROACH

2.2.1.1 Approach for arriving at market size using top-down analysis

FIGURE 4 TOP-DOWN APPROACH

2.2.2 BOTTOM-UP APPROACH

2.2.2.1 Approach for arriving at market size using bottom-up analysis

FIGURE 5 BOTTOM-UP APPROACH

2.3 DATA TRIANGULATION

FIGURE 6 TERPENE RESINS MARKET: DATA TRIANGULATION

2.4 FACTOR ANALYSIS

2.5 ASSUMPTIONS

2.6 LIMITATIONS & RISKS ASSOCIATED WITH TERPENE RESINS MARKET

3 EXECUTIVE SUMMARY (Page No. - 37)

FIGURE 7 SOLID TERPENE RESIN TO LEAD MARKET

FIGURE 8 INDUSTRIAL GRADE SEGMENT TO LEAD MARKET

FIGURE 9 ADHESIVES & SEALANTS TO BE LARGEST APPLICATION IN MARKET

FIGURE 10 ASIA PACIFIC WAS LARGEST TERPENE RESINS MARKET

4 PREMIUM INSIGHTS (Page No. - 41)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TERPENE RESINS MARKET

FIGURE 11 HIGH GROWTH IN ASIA PACIFIC TO DRIVE TERPENE RESINS MARKET

4.2 TERPENE RESINS MARKET, BY PRODUCT TYPE

FIGURE 12 LIQUID TERPENE RESIN TO BE FASTER-GROWING SEGMENT OF TERPENE RESINS MARKET

4.3 TERPENE RESINS MARKET, BY GRADE

FIGURE 13 TECHNICAL GRADE TO BE FASTER-GROWING SEGMENT OF TERPENE RESINS MARKET

4.4 TERPENE RESINS MARKET, BY APPLICATION

FIGURE 14 PULP & PAPER TO BE FASTEST-GROWING SEGMENT OF TERPENE RESINS MARKET

4.5 ASIA PACIFIC TERPENE RESINS MARKET, BY APPLICATION AND COUNTRY

FIGURE 15 ADHESIVES & SEALANTS AND CHINA ACCOUNTED FOR SIGNIFICANT SHARES (2021)

4.6 TERPENE RESINS MARKET: KEY COUNTRIES

FIGURE 16 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 44)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TERPENE RESINS MARKET

5.2.1 DRIVERS

5.2.1.1 Increasing demand for terpene resins from adhesives & sealants applications

5.2.1.2 Increasing demand from plastic & rubber processing applications

5.2.1.3 Rising popularity of terpene resins-based coatings

5.2.2 RESTRAINTS

5.2.2.1 Limited feedstock supply and volatility of raw material prices

5.2.2.2 Increasing market penetration of limonene

5.2.2.3 Unstable geopolitical situations

5.2.3 OPPORTUNITIES

5.2.3.1 High demand for bio-based resins

5.2.4 CHALLENGES

5.2.4.1 High cost of raw materials

5.2.4.2 Volatility of the market

5.2.4.3 Environmental concerns regarding manufacturing of terpene resins

5.3 VALUE CHAIN

5.3.1 RAW MATERIAL SUPPLIERS

5.3.2 MANUFACTURERS

5.3.3 DISTRIBUTORS

5.3.4 END CONSUMERS

5.4 PORTER’S FIVE FORCES ANALYSIS

FIGURE 19 TERPENE RESINS MARKET: PORTER’S FIVE FORCES ANALYSIS

5.4.1 BARGAINING POWER OF SUPPLIERS

5.4.2 THREAT OF NEW ENTRANTS

5.4.3 THREAT OF SUBSTITUTES

5.4.4 BARGAINING POWER OF BUYERS

5.4.5 INTENSITY OF RIVALRY

5.5 TECHNOLOGY ANALYSIS

5.5.1 MANUFACTURING PROCESS OF TERPENE RESINS

5.6 REGULATORY LANDSCAPE

5.6.1 CODE OF FEDERAL REGULATIONS

5.6.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 2 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 3 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 4 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.7 TRADE ANALYSIS

5.7.1 IMPORT-EXPORT SCENARIO

TABLE 5 IMPORT TRADE DATA FOR PHENOLIC TERPENE RESINS

TABLE 6 EXPORT TRADE DATA FOR PHENOLIC TERPENE RESINS

5.8 PRICING ANALYSIS

5.8.1 AVERAGE SELLING PRICE BASED ON REGION

FIGURE 20 AVERAGE SELLING PRICE BASED ON REGION (USD/SQUARE METER)

5.8.2 AVERAGE SELLING PRICE BASED ON PRODUCT TYPE

TABLE 7 AVERAGE SELLING PRICE BASED ON PRODUCT TYPE (USD/KG)

5.9 ECOSYSTEM MAPPING OF TERPENE RESINS MARKET

FIGURE 21 ECOSYSTEM MAPPING

TABLE 8 TERPENE RESINS: ECOSYSTEM

5.10 CASE STUDIES

5.10.1 KRATON CORPORATION

5.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

FIGURE 22 TRENDS/DISRUPTIONS IN TERPENE RESINS MARKET

5.12 KEY CONFERENCES & EVENTS IN 2022–2023

TABLE 9 TERPENE RESINS MARKET: DETAILED LIST OF CONFERENCES & EVENTS

5.13 PATENT ANALYSIS

5.13.1 INTRODUCTION

5.13.2 METHODOLOGY

5.13.2.1 Document Type

TABLE 10 GRANTED PATENTS ACCOUNT FOR 10% OF TOTAL COUNT IN LAST 10 YEARS

5.13.2.2 Publication trends over last ten years

5.13.3 INSIGHTS

5.13.4 LEGAL STATUS OF PATENTS

FIGURE 23 LEGAL PATENTS STATUS

5.13.5 JURISDICTION ANALYSIS

FIGURE 24 TOP JURISDICTION-BY DOCUMENT

5.13.6 TOP COMPANIES/APPLICANTS

FIGURE 25 KEY PATENT APPLICANTS

TABLE 11 LIST OF PATENTS BY GANZHOU TAIPU NEW MAT CO LTD

TABLE 12 LIST OF PATENTS BY GANZHOU TAIPU CHEMICAL CO LTD

TABLE 13 TOP PATENT OWNERS IN LAST 10 YEARS

5.14 KEY FACTORS AFFECTING BUYING DECISION

5.14.1 QUALITY

5.14.2 SERVICE

FIGURE 26 SUPPLIER SELECTION CRITERION

6 TERPENE RESINS, BY PRODUCT TYPE (Page No. - 66)

6.1 INTRODUCTION

FIGURE 27 SOLID SEGMENT TO LEAD TERPENE RESINS MARKET

TABLE 14 TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)

TABLE 15 TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (KILOTON)

6.2 SOLID TERPENE RESIN

6.3 LIQUID TERPENE RESIN

7 TERPENE RESINS MARKET, BY GRADE (Page No. - 69)

7.1 INTRODUCTION

FIGURE 28 INDUSTRIAL GRADE SEGMENT TO REGISTER HIGHER CAGR IN TERPENE RESINS MARKET

TABLE 16 TERPENE RESINS MARKET, BY GRADE, 2020–2027 (USD MILLION)

TABLE 17 TERPENE RESINS MARKET, BY GRADE, 2020–2027 (KILOTON)

7.2 INDUSTRIAL GRADE

7.3 TECHNICAL GRADE

8 TERPENE RESINS MARKET, BY APPLICATION (Page No. - 72)

8.1 INTRODUCTION

FIGURE 29 ADHESIVES & SEALANTS APPLICATION TO LEAD TERPENE RESINS MARKET

TABLE 18 TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 19 TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

8.2 INKS & COATINGS

8.3 ADHESIVES & SEALANTS

8.4 CHEWING GUM

8.5 PULP & PAPER

8.6 PLASTIC & RUBBER

8.7 LEATHER PROCESSING

8.8 OTHERS

9 TERPENE RESINS MARKET, BY REGION (Page No. - 78)

9.1 INTRODUCTION

FIGURE 30 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD

TABLE 20 TERPENE RESINS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 21 TERPENE RESINS MARKET, BY REGION, 2020–2027 (KILOTON)

9.2 ASIA PACIFIC

FIGURE 31 ASIA PACIFIC: TERPENE RESINS MARKET SNAPSHOT

TABLE 22 ASIA PACIFIC: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 23 ASIA PACIFIC: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (KILOTON)

TABLE 24 ASIA PACIFIC: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)

TABLE 25 ASIA PACIFIC: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (KILOTON)

TABLE 26 ASIA PACIFIC: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 27 ASIA PACIFIC: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.2.1 CHINA

9.2.1.1 Cost-effective labor and availability of cheap raw materials to drive market

TABLE 28 CHINA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)

TABLE 29 CHINA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.2.2 JAPAN

9.2.2.1 Increasing demand for terpene resins in pulp & paper industry to drive market

TABLE 30 JAPAN: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)

TABLE 31 JAPAN: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.2.3 INDIA

9.2.3.1 Investments and advancements across industries to drive market

TABLE 32 INDIA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)

TABLE 33 INDIA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.2.4 SOUTH KOREA

9.2.4.1 Growing industries and commercial construction projects to drive market

TABLE 34 SOUTH KOREA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)

TABLE 35 SOUTH KOREA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.2.5 AUSTRALIA

9.2.5.1 Strong spending on building & construction activities to drive market

TABLE 36 AUSTRALIA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)

TABLE 37 AUSTRALIA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.2.6 REST OF ASIA PACIFIC

TABLE 38 REST OF ASIA PACIFIC: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)

TABLE 39 REST OF ASIA PACIFIC: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.3 NORTH AMERICA

TABLE 40 NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 41 NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)

TABLE 42 NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)

TABLE 43 NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)

TABLE 44 NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 45 NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.3.1 US

9.3.1.1 Developments in chemical industry and growth in automotive sector to drive market

TABLE 46 US: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 47 US: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.3.2 CANADA

9.3.2.1 Thriving automotive sector to drive market

TABLE 48 CANADA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 49 CANADA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.3.3 MEXICO

9.3.3.1 Investments in infrastructure development and recovering automotive industry to drive market

TABLE 50 MEXICO: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 51 MEXICO: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.4 EUROPE

TABLE 52 EUROPE: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 53 EUROPE: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (KILOTON)

TABLE 54 EUROPE: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)

TABLE 55 EUROPE: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (KILOTON)

TABLE 56 EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 57 EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.4.1 GERMANY

9.4.1.1 Developments and investments in consumer sector to lead to growth of chemical industry

TABLE 58 GERMANY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 59 GERMANY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.4.2 FRANCE

9.4.2.1 Favorable demographic trends support terpene resins market

TABLE 60 FRANCE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 61 FRANCE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.4.3 UK

9.4.3.1 Demand from energy, automotive, and construction industries to boost market

TABLE 62 UK: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 63 UK: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.4.4 ITALY

9.4.4.1 Recovering construction industry to drive demand

TABLE 64 ITALY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 65 ITALY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.4.5 SPAIN

9.4.5.1 Steady demand from adhesives & sealants application to drive market

TABLE 66 SPAIN: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 67 SPAIN: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.4.6 REST OF EUROPE

TABLE 68 REST OF EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 69 REST OF EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.5 MIDDLE EAST & AFRICA

TABLE 70 MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 71 MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)

TABLE 72 MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)

TABLE 73 MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)

TABLE 74 MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 75 MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.5.1 SAUDI ARABIA

9.5.1.1 Manufacturers’ interest to set up units to drive market

TABLE 76 SAUDI ARABIA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 77 SAUDI ARABIA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.5.2 UAE

9.5.2.1 Government initiatives to promote local players to boost demand.

TABLE 78 UAE: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 79 UAE: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.5.3 SOUTH AFRICA

9.5.3.1 Government investments to boost economy

TABLE 80 SOUTH AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 81 SOUTH AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.5.4 REST OF MIDDLE EAST & AFRICA

TABLE 82 REST OF MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 83 REST OF MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)

9.6 SOUTH AMERICA

TABLE 84 SOUTH AMERICA: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

TABLE 85 SOUTH AMERICA: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (KILOTON)

TABLE 86 SOUTH AMERICA: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)

TABLE 87 SOUTH AMERICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)

TABLE 88 SOUTH AMERICA TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 89 SOUTH AMERICA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.6.1 BRAZIL

9.6.1.1 Expansion of production capacities to drive market

TABLE 90 BRAZIL: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 91 BRAZIL: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.6.2 ARGENTINA

9.6.2.1 Rising investments in healthcare infrastructure and construction activities to drive market

TABLE 92 ARGENTINA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 93 ARGENTINA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

9.6.3 REST OF SOUTH AMERICA

TABLE 94 REST OF SOUTH AMERICA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 95 REST OF SOUTH AMERICA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)

10 COMPETITIVE LANDSCAPE (Page No. - 121)

10.1 INTRODUCTION

10.1.1 TERPENE RESINS MARKET, KEY DEVELOPMENTS

TABLE 96 OVERVIEW OF STRATEGIES ADOPTED BY SOME KEY MARKET PLAYERS

10.2 RANKING ANALYSIS OF KEY MARKET PLAYERS

FIGURE 32 RANKING OF TOP FIVE PLAYERS TERPENE RESINS MARKET, 2022

10.3 MARKET SHARE ANALYSIS

FIGURE 33 TERPENE RESINS MARKET SHARE, BY COMPANY (2022)

TABLE 97 TERPENE RESINS MARKET: INTENSITY OF COMPETITIVE RIVALRY

10.4 REVENUE ANALYSIS OF TOP PLAYERS

TABLE 98 TERPENE RESINS MARKET: REVENUE ANALYSIS (USD)

10.5 MARKET EVALUATION MATRIX

TABLE 99 MARKET EVALUATION MATRIX

10.6 COMPANY EVALUATION MATRIX, 2022 (TIER 1)

10.6.1 STARS

10.6.2 EMERGING LEADERS

10.6.3 PERVASIVE PLAYERS

10.6.4 PARTICIPANTS

FIGURE 34 TERPENE RESINS MARKET: COMPANY EVALUATION MATRIX, 2022

10.7 STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX

10.7.1 RESPONSIVE COMPANIES

10.7.2 STARTING BLOCKS

10.7.3 PROGRESSIVE COMPANIES

10.7.4 DYNAMIC COMPANIES

FIGURE 35 TERPENE RESINS MARKET: COMPANY EVALUATION MATRIX FOR SMES

10.8 COMPANY END-USE INDUSTRY FOOTPRINT

10.9 COMPANY REGION FOOTPRINT

10.1 STRENGTH OF PRODUCT PORTFOLIO

10.11 BUSINESS STRATEGY EXCELLENCE

10.12 COMPETITIVE SCENARIO

10.12.1 PRODUCT LAUNCHES

TABLE 100 PRODUCT LAUNCHES, 2018–2022

10.12.2 DEALS

TABLE 101 DEALS, 2018–2022

10.12.3 OTHER DEVELOPMENTS

TABLE 102 OTHER DEVELOPMENTS, 2018–2021

11 COMPANY PROFILES (Page No. - 135)

11.1 KEY PLAYERS

(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

11.1.1 MANGALAM ORGANICS LIMITED

TABLE 103 MANGALAM ORGANICS LIMITED: COMPANY OVERVIEW

FIGURE 36 MANGALAM ORGANICS LIMITED: COMPANY SNAPSHOT

TABLE 104 MANGALAM ORGANICS LIMITED: PRODUCT OFFERINGS

11.1.2 YASUHARA CHEMICAL CO. LTD

TABLE 105 YASUHARA CHEMICAL CO. LTD: COMPANY OVERVIEW

FIGURE 37 YASUHARA CHEMICAL CO. LTD: COMPANY SNAPSHOT

TABLE 106 YASUHARA CHEMICAL CO. LTD: PRODUCT OFFERINGS

TABLE 107 YASUHARA CHEMICAL CO. LTD: DEALS

11.1.3 INGEVITY

TABLE 108 INGEVITY: COMPANY OVERVIEW

FIGURE 38 INGEVITY: COMPANY SNAPSHOT

TABLE 109 INGEVITY: PRODUCT OFFERINGS

TABLE 110 INGEVITY: PRODUCT LAUNCHES

TABLE 112 INGEVITY: OTHER DEVELOPMENTS

11.1.4 KRATON CORPORATION

TABLE 113 KRATON CORPORATION: COMPANY OVERVIEW

TABLE 114 KRATON CORPORATION: PRODUCT OFFERINGS

TABLE 116 KRATON CORPORATION: OTHER DEVELOPMENTS

11.1.5 BAOLIN CHEMICAL INDUSTRY CO. LTD

TABLE 117 BAOLIN CHEMICAL INDUSTRY CO. LTD: COMPANY OVERVIEW

TABLE 118 BAOLIN CHEMICAL INDUSTRY CO. LTD: PRODUCT OFFERINGS

11.1.6 LESCO CHEMICAL LIMITED

TABLE 119 LESCO CHEMICAL LIMITED: COMPANY OVERVIEW

TABLE 120 LESCO CHEMICAL LIMITED: PRODUCT OFFERINGS

11.1.7 ARAKAWA CHEMICAL INDUSTRIES, LTD.

TABLE 121 ARAKAWA CHEMICAL INDUSTRIES, LTD.: COMPANY OVERVIEW

FIGURE 39 ARAKAWA CHEMICAL INDUSTRIES, LTD.: COMPANY SNAPSHOT

TABLE 122 ARAKAWA CHEMICAL INDUSTRIES, LTD.: PRODUCT OFFERINGS

TABLE 123 ARAKAWA CHEMICAL INDUSTRIES, LTD: OTHER DEVELOPMENTS

11.1.8 XINYI SONYUAN CHEMICAL CO. LTD

TABLE 124 XINYI SONYUAN CHEMICAL CO. LTD: COMPANY OVERVIEW

TABLE 125 XINYI SONYUAN CHEMICAL CO. LTD: PRODUCT OFFERINGS

11.2 OTHER PLAYERS

11.2.1 AKROCHEM CHEMICAL

11.2.2 FOREVEREST RESOURCES LTD.

11.2.3 HWALONG

11.2.4 RESIN CHEMICALS CO. LTD

11.2.5 JINAN FUTURE CHEMICAL CO., LTD

11.2.6 GOLDENSEA CHEMICALS CO. LTD

11.2.7 HENAN TIANFU CHEMICAL CO. LTD

11.2.8 BOC SCIENCES

11.2.9 MEGAWIDE CHEMICALS CO. LTD

11.2.10 DRT

11.2.11 CHINA MK GROUP CO. LTD

11.2.12 CAREER HENAN CHEMICAL COMPANY

11.2.13 PUYANG CHANGYU PETROLEUM RESINS CO. LTD

11.2.14 DUJODWALA RESINS AND TERPENES LTD.

*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 161)

12.1 DISCUSSION GUIDE

12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

12.3 CUSTOMIZATION OPTIONS

12.4 RELATED REPORTS

12.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size for terpene resins market. The exhaustive secondary research was conducted to collect information on the market, peer market, and child market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, extensive use of secondary sources, directories, and databases, such as World Bank, Statista, Organization for Economic Cooperation and Development (OECD), Bloomberg, International Monetary Fund (IMF), Trademap, Zauba, Environmental Protection Agency (EPA), European Environment Agency, and other government & private websites, associations related to the terpene resins industry. The study also involves analyzing regulations and regional government websites to identify and collect information useful for this technical, market-oriented, and commercial terpene resins market study.

Primary Research

The terpene resins market comprises several stakeholders such as raw material suppliers, distributors, manufacturers, end-users, and regulatory organizations in the supply chain. Primary sources include experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to all segments of this industry's value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of major market players, and industry consultants, have been conducted to obtain and verify critical qualitative and quantitative information and assess growth prospects.

Following is the breakdown of primary respondents.

Terpene Resins Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the terpene resins market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

The key players, product type, grades, and applications in various applications and markets were identified through extensive secondary research.
The industry’s value chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size - using the market size estimation process explained above - the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply of terpene resins and their applications.

Objectives of the Study:

To analyze and forecast the terpene resins market size, in terms of value and volume
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
To define, describe, and forecast the market by system, process, technology, and applications.
To forecast the size of the market with respect to five regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa, along with the key countries
To strategically analyze micromarkets1 with respect to individual trends, growth prospects, and their contribution to the overall market
To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders.
To analyze competitive developments such as new product launch, merger & acquisition, agreement & collaboration, and investment & expansion in the market
To strategically profile the key players and comprehensively analyze their market shares and core competencies2
Notes: 1. Micro markets are defined as sub segments of the terpene resins market included in the report.
2. Core competencies of the companies are covered in terms of their key developments and strategies adopted to sustain their position in the market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report: