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

Abstract
The global terpene resins market size is projected to reach USD 1,450 million by 2027 from USD 991 million in 2022, at a CAGR of 7.9% during the forecast period. The market is driven by various factors such as growing demand for terpene resins from adhesives & sealants application and increasing popularity of terpene resins-based coatings. Additionally, the market is expected to be driven by rising industrialization and growing population in emerging economies in Asia Pacific and Middle East & Africa.

“Liquid segment to be the fastest growing segment amongst product type in the terpene resins market”

terpene resins market is segment as solid, and liquid based on the product type. Terpene resins are manufactured and supplied in the above-mentioned forms to meet specific application requirements. Solid terpene resin is mainly used in tires & rubbers as a superior elastomer and adhesives & sealants as an excellent tackifying material for hot-melt adhesive as well as pressure-sensitive labels for various end-use industries, such as packaging, nonwovens, bookbinding, construction/assembly, tapes and labels, and graphics.

Solid terpene resin has a performance advantage as compared to liquid forms, hence account for the largest market share in the terpene resins market as compared to the liquid product type. However, cost-effectiveness with strong cohesive properties, good resistance to aging, heat, radiation, acid, and alkali, has no odor or toxicity, good adhesion, high chemical resistance, better moisture resistance, excellent mechanical properties, good fatigue resistance, low shrinkage, strong durability at low & high temperatures, and high electrical resistance of liquid terpene resins is expected to grow at the highest rate, during the forecast period.

“Technical segment is projected to grow at the highest rate amongst grades in the overall terpene resins market during the forecast period.”

Terpene resins market is segmented into technical and industrial based on grades. Industrial grade 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. Technical grade resin has more stringent quality control and purity standards than industrial grade resin. Thus, high adoption of technical grade is thereby boosting its growth in the terpene resins market.

“Pulp & paper is projected to grow at a highest growth rate amongst applications in the overall terpene resins market”

Based on application, the terpene resins market is segmented into inks & coatings, plastic & rubber processing, pulp & paper, leather processing, adhesives & sealants, chewing gum, and others. Pulp & paper is projected to grow at the highest rate in the terpene resins market. Properties, such as excellent resistance to organic solvents, moisture and UV light, good toughness, improved adhesion, non-toxicity, good exterior durability, and excellent temperature & chemical resistance are the major factors that increase terpene resins used in these applications.

“Asia Pacific estimated to be the fastest growing region in the terpene resins market during the forecast period.”

Asia Pacific is projected to be the fastest growing region for terpene resins between 2022 and 2027. The development is mainly attributed to the booming economies in India, South Korea, and China. Manufacturers have been moving to the region due to the low cost of production and the ability to cater to the local emerging markets better, is driving the terpene resins market in the region.

Breakdown of Primaries
Extensive primary interviews were conducted in the process of determining and verifying sizes of several segments and subsegments of the terpene resins market gathered through secondary research.

The breakdown of primary interviews has been given below.
•By Company Type: Tier 1 – 25%, Tier 2 – 50%, and Tier 3 – 25%
•By Designation: C Level Executives – 20%, Director Level – 30%, Others – 50%
•By Region: North America – 20%, Asia Pacific – 25%, Europe – 30%, Middle East & Africa – 10%, Latin America – 15%.

The key players in the terpene resins market include 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) among others.

Research Coverage
This report covers the terpene resins market and forecasts its market size until 2027. The market has been segmented based on product type, grade, application, and region. The report also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their positions in the market. The report also provides insights into the driving and restraining factors in the terpene resins market, along with opportunities and challenges in the market. It also includes profiles for key manufacturers in the market.

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1.This report segments the terpene resins market and provides the closest approximations of overall market size for its segments across different verticals and regions.
2.This report is expected to help stakeholders understand the pulse of the market and provide information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
3.This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product launches, investment & expansions, agreement & collaboration, and mergers & acquisitions.

Content
Table of Contents

1INTRODUCTION23
1.1STUDY OBJECTIVES23
1.2MARKET DEFINITION23
1.3INCLUSIONS & EXCLUSIONS23
TABLE 1TERPENE RESINS MARKET: INCLUSIONS & EXCLUSIONS23
1.4MARKET SCOPE24
1.4.1MARKET SEGMENTATION24
1.4.2REGIONS COVERED24
1.4.3YEARS CONSIDERED25
1.5CURRENCY CONSIDERED25
1.6UNITS CONSIDERED25
1.7STAKEHOLDERS25
2RESEARCH METHODOLOGY26
2.1RESEARCH DATA26
FIGURE 1TERPENE RESINS MARKET: RESEARCH DESIGN26
2.1.1SECONDARY DATA27
2.1.1.1List of major secondary sources27
2.1.1.2Key data from secondary sources27
2.1.2PRIMARY DATA28
2.1.2.1Key data from primary sources28
2.1.3PRIMARY INTERVIEWS29
2.1.3.1Primary interviews: Demand and supply sides29
2.1.3.2Key industry insights29
2.1.3.3Breakdown of primary interviews30
2.2MARKET SIZE ESTIMATION30
FIGURE 2MARKET SIZE ESTIMATION: APPROACH 131
FIGURE 3MARKET SIZE ESTIMATION: APPROACH 231
2.2.1TOP-DOWN APPROACH31
2.2.1.1Approach for arriving at market size using top-down analysis32
FIGURE 4TOP-DOWN APPROACH32
2.2.2BOTTOM-UP APPROACH32
2.2.2.1Approach for arriving at market size using bottom-up analysis32
FIGURE 5BOTTOM-UP APPROACH33
2.3DATA TRIANGULATION34
FIGURE 6TERPENE RESINS MARKET: DATA TRIANGULATION34
2.4FACTOR ANALYSIS35
2.5ASSUMPTIONS35
2.6LIMITATIONS & RISKS ASSOCIATED WITH TERPENE RESINS MARKET36
3EXECUTIVE SUMMARY37
FIGURE 7SOLID TERPENE RESIN TO LEAD MARKET38
FIGURE 8INDUSTRIAL GRADE SEGMENT TO LEAD MARKET38
FIGURE 9ADHESIVES & SEALANTS TO BE LARGEST APPLICATION IN MARKET39
FIGURE 10ASIA PACIFIC WAS LARGEST TERPENE RESINS MARKET39
4PREMIUM INSIGHTS41
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TERPENE RESINS MARKET41
FIGURE 11HIGH GROWTH IN ASIA PACIFIC TO DRIVE TERPENE RESINS MARKET41
4.2TERPENE RESINS MARKET, BY PRODUCT TYPE41
FIGURE 12LIQUID TERPENE RESIN TO BE FASTER-GROWING SEGMENT OF TERPENE RESINS MARKET41
4.3TERPENE RESINS MARKET, BY GRADE42
FIGURE 13TECHNICAL GRADE TO BE FASTER-GROWING SEGMENT OF TERPENE RESINS MARKET42
4.4TERPENE RESINS MARKET, BY APPLICATION42
FIGURE 14PULP & PAPER TO BE FASTEST-GROWING SEGMENT OF TERPENE RESINS MARKET42
4.5ASIA PACIFIC TERPENE RESINS MARKET, BY APPLICATION AND COUNTRY43
FIGURE 15ADHESIVES & SEALANTS AND CHINA ACCOUNTED FOR SIGNIFICANT SHARES (2021)43
4.6TERPENE RESINS MARKET: KEY COUNTRIES43
FIGURE 16INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD43
5MARKET OVERVIEW44
5.1INTRODUCTION44
5.2MARKET DYNAMICS44
FIGURE 17DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN TERPENE RESINS MARKET44
5.2.1DRIVERS45
5.2.1.1Increasing demand for terpene resins from adhesives & sealants applications45
5.2.1.2Increasing demand from plastic & rubber processing applications45
5.2.1.3Rising popularity of terpene resins-based coatings46
5.2.2RESTRAINTS46
5.2.2.1Limited feedstock supply and volatility of raw material prices46
5.2.2.2Increasing market penetration of limonene46
5.2.2.3Unstable geopolitical situations46
5.2.3OPPORTUNITIES47
5.2.3.1High demand for bio-based resins47
5.2.4CHALLENGES47
5.2.4.1High cost of raw materials47
5.2.4.2Volatility of the market48
5.2.4.3Environmental concerns regarding manufacturing of terpene resins48
5.3VALUE CHAIN48
5.3.1RAW MATERIAL SUPPLIERS49
5.3.2MANUFACTURERS49
5.3.3DISTRIBUTORS49
5.3.4END CONSUMERS49
5.4PORTER’S FIVE FORCES ANALYSIS49
FIGURE 19TERPENE RESINS MARKET: PORTER’S FIVE FORCES ANALYSIS50
5.4.1BARGAINING POWER OF SUPPLIERS50
5.4.2THREAT OF NEW ENTRANTS50
5.4.3THREAT OF SUBSTITUTES51
5.4.4BARGAINING POWER OF BUYERS51
5.4.5INTENSITY OF RIVALRY51
5.5TECHNOLOGY ANALYSIS51
5.5.1MANUFACTURING PROCESS OF TERPENE RESINS51
5.6REGULATORY LANDSCAPE52
5.6.1CODE OF FEDERAL REGULATIONS52
5.6.2REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS52
TABLE 2NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS52
TABLE 3ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS53
TABLE 4EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS53
5.7TRADE ANALYSIS54
5.7.1IMPORT-EXPORT SCENARIO54
TABLE 5IMPORT TRADE DATA FOR PHENOLIC TERPENE RESINS54
TABLE 6EXPORT TRADE DATA FOR PHENOLIC TERPENE RESINS55
5.8PRICING ANALYSIS56
5.8.1AVERAGE SELLING PRICE BASED ON REGION56
FIGURE 20AVERAGE SELLING PRICE BASED ON REGION (USD/SQUARE METER)56
5.8.2AVERAGE SELLING PRICE BASED ON PRODUCT TYPE56
TABLE 7AVERAGE SELLING PRICE BASED ON PRODUCT TYPE (USD/KG)56
5.9ECOSYSTEM MAPPING OF TERPENE RESINS MARKET56
FIGURE 21ECOSYSTEM MAPPING56
TABLE 8TERPENE RESINS: ECOSYSTEM57
5.10CASE STUDIES57
5.10.1KRATON CORPORATION57
5.11TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS58
FIGURE 22TRENDS/DISRUPTIONS IN TERPENE RESINS MARKET58
5.12KEY CONFERENCES & EVENTS IN 2022–202359
TABLE 9TERPENE RESINS MARKET: DETAILED LIST OF CONFERENCES & EVENTS59
 
5.13PATENT ANALYSIS61
5.13.1INTRODUCTION61
5.13.2METHODOLOGY61
5.13.2.1Document Type61
TABLE 10GRANTED PATENTS ACCOUNT FOR 10% OF TOTAL COUNT IN LAST 10 YEARS61
5.13.2.2Publication trends over last ten years61
5.13.3INSIGHTS62
5.13.4LEGAL STATUS OF PATENTS62
FIGURE 23LEGAL PATENTS STATUS62
5.13.5JURISDICTION ANALYSIS62
FIGURE 24TOP JURISDICTION-BY DOCUMENT62
5.13.6TOP COMPANIES/APPLICANTS63
FIGURE 25KEY PATENT APPLICANTS63
TABLE 11LIST OF PATENTS BY GANZHOU TAIPU NEW MAT CO LTD63
TABLE 12LIST OF PATENTS BY GANZHOU TAIPU CHEMICAL CO LTD64
TABLE 13TOP PATENT OWNERS IN LAST 10 YEARS64
5.14KEY FACTORS AFFECTING BUYING DECISION64
5.14.1QUALITY64
5.14.2SERVICE65
FIGURE 26SUPPLIER SELECTION CRITERION65
6TERPENE RESINS, BY PRODUCT TYPE66
6.1INTRODUCTION67
FIGURE 27SOLID SEGMENT TO LEAD TERPENE RESINS MARKET67
TABLE 14TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)67
TABLE 15TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (KILOTON)67
6.2SOLID TERPENE RESIN68
6.3LIQUID TERPENE RESIN68
7TERPENE RESINS MARKET, BY GRADE69
7.1INTRODUCTION70
FIGURE 28INDUSTRIAL GRADE SEGMENT TO REGISTER HIGHER CAGR IN TERPENE RESINS MARKET70
TABLE 16TERPENE RESINS MARKET, BY GRADE, 2020–2027 (USD MILLION)70
TABLE 17TERPENE RESINS MARKET, BY GRADE, 2020–2027 (KILOTON)70
7.2INDUSTRIAL GRADE71
7.3TECHNICAL GRADE71
8TERPENE RESINS MARKET, BY APPLICATION72
8.1INTRODUCTION73
FIGURE 29ADHESIVES & SEALANTS APPLICATION TO LEAD TERPENE RESINS MARKET73
TABLE 18TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)73
TABLE 19TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)74
8.2INKS & COATINGS74
8.3ADHESIVES & SEALANTS75
8.4CHEWING GUM75
8.5PULP & PAPER76
8.6PLASTIC & RUBBER76
8.7LEATHER PROCESSING76
8.8OTHERS77
9TERPENE RESINS MARKET, BY REGION78
9.1INTRODUCTION79
FIGURE 30INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD79
TABLE 20TERPENE RESINS MARKET, BY REGION, 2020–2027 (USD MILLION)80
TABLE 21TERPENE RESINS MARKET, BY REGION, 2020–2027 (KILOTON)80
9.2ASIA PACIFIC80
FIGURE 31ASIA PACIFIC: TERPENE RESINS MARKET SNAPSHOT81
TABLE 22ASIA PACIFIC: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)82
TABLE 23ASIA PACIFIC: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (KILOTON)82
TABLE 24ASIA PACIFIC: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)82
TABLE 25ASIA PACIFIC: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (KILOTON)83
TABLE 26ASIA PACIFIC: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)83
TABLE 27ASIA PACIFIC: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)83
9.2.1CHINA84
9.2.1.1Cost-effective labor and availability of cheap raw materials to drive market84
TABLE 28CHINA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)84
TABLE 29CHINA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)85
9.2.2JAPAN85
9.2.2.1Increasing demand for terpene resins in pulp & paper industry to drive market85
TABLE 30JAPAN: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)86
TABLE 31JAPAN: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)86
9.2.3INDIA86
9.2.3.1Investments and advancements across industries to drive market86
TABLE 32INDIA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)87
TABLE 33INDIA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)88
9.2.4SOUTH KOREA88
9.2.4.1Growing industries and commercial construction projects to drive market88
TABLE 34SOUTH KOREA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)89
TABLE 35SOUTH KOREA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)89
9.2.5AUSTRALIA89
9.2.5.1Strong spending on building & construction activities to drive market89
TABLE 36AUSTRALIA: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)90
TABLE 37AUSTRALIA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)90
9.2.6REST OF ASIA PACIFIC90
TABLE 38REST OF ASIA PACIFIC: TERPENE RESINS MARKET, APPLICATION, 2020–2027 (USD MILLION)91
TABLE 39REST OF ASIA PACIFIC: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)91
9.3NORTH AMERICA91
TABLE 40NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)92
TABLE 41NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)92
TABLE 42NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)92
TABLE 43NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)93
TABLE 44NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)93
TABLE 45NORTH AMERICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)93
9.3.1US94
9.3.1.1Developments in chemical industry and growth in automotive sector to drive market94
TABLE 46US: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)95
TABLE 47US: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)95
9.3.2CANADA95
9.3.2.1Thriving automotive sector to drive market95
TABLE 48CANADA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)96
TABLE 49CANADA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)96
9.3.3MEXICO97
9.3.3.1Investments in infrastructure development and recovering automotive industry to drive market97
TABLE 50MEXICO: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)97
TABLE 51MEXICO: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)98
9.4EUROPE98
TABLE 52EUROPE: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)98
TABLE 53EUROPE: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (KILOTON)99
TABLE 54EUROPE: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)99
TABLE 55EUROPE: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (KILOTON)99
TABLE 56EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)99
TABLE 57EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)100
9.4.1GERMANY100
9.4.1.1Developments and investments in consumer sector to lead to growth of chemical industry100
TABLE 58GERMANY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)101
TABLE 59GERMANY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)101
9.4.2FRANCE101
9.4.2.1Favorable demographic trends support terpene resins market101
TABLE 60FRANCE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)102
TABLE 61FRANCE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)102
9.4.3UK102
9.4.3.1Demand from energy, automotive, and construction industries to boost market102
TABLE 62UK: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)103
TABLE 63UK: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)103
9.4.4ITALY104
9.4.4.1Recovering construction industry to drive demand104
TABLE 64ITALY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)104
TABLE 65ITALY: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)105
9.4.5SPAIN105
9.4.5.1Steady demand from adhesives & sealants application to drive market105
TABLE 66SPAIN: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)106
TABLE 67SPAIN: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)106
9.4.6REST OF EUROPE106
TABLE 68REST OF EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)107
TABLE 69REST OF EUROPE: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)107
9.5MIDDLE EAST & AFRICA107
TABLE 70MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)108
TABLE 71MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)108
TABLE 72MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (USD MILLION)108
TABLE 73MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)109
TABLE 74MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)109
TABLE 75MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)109
9.5.1SAUDI ARABIA110
9.5.1.1Manufacturers’ interest to set up units to drive market110
TABLE 76SAUDI ARABIA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)110
TABLE 77SAUDI ARABIA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)111
9.5.2UAE111
9.5.2.1Government initiatives to promote local players to boost demand.111
TABLE 78UAE: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)112
TABLE 79UAE: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)112
9.5.3SOUTH AFRICA112
9.5.3.1Government investments to boost economy112
TABLE 80SOUTH AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)113
TABLE 81SOUTH AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)113
9.5.4REST OF MIDDLE EAST & AFRICA114
TABLE 82REST OF MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)114
TABLE 83REST OF MIDDLE EAST & AFRICA: TERPENE RESINS MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)114
9.6SOUTH AMERICA115
TABLE 84SOUTH AMERICA: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)115
TABLE 85SOUTH AMERICA: TERPENE RESINS MARKET, BY COUNTRY, 2020–2027 (KILOTON)115
TABLE 86SOUTH AMERICA: TERPENE RESINS MARKET, BY PRODUCT TYPE, 2020–2027 (USD MILLION)115
TABLE 87SOUTH AMERICA: TERPENE RESINS MARKET SIZE, BY PRODUCT TYPE, 2020–2027 (KILOTON)116
TABLE 88SOUTH AMERICA TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)116
TABLE 89SOUTH AMERICA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)116
9.6.1BRAZIL117
9.6.1.1Expansion of production capacities to drive market117
TABLE 90BRAZIL: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)117
TABLE 91BRAZIL: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)118
9.6.2ARGENTINA118
9.6.2.1Rising investments in healthcare infrastructure and construction activities to drive market118
TABLE 92ARGENTINA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)119
TABLE 93ARGENTINA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)119
9.6.3REST OF SOUTH AMERICA119
TABLE 94REST OF SOUTH AMERICA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)120
TABLE 95REST OF SOUTH AMERICA: TERPENE RESINS MARKET, BY APPLICATION, 2020–2027 (KILOTON)120
10COMPETITIVE LANDSCAPE121
10.1INTRODUCTION121
10.1.1TERPENE RESINS MARKET, KEY DEVELOPMENTS121
TABLE 96OVERVIEW OF STRATEGIES ADOPTED BY SOME KEY MARKET PLAYERS121
10.2RANKING ANALYSIS OF KEY MARKET PLAYERS122
FIGURE 32RANKING OF TOP FIVE PLAYERS TERPENE RESINS MARKET, 2022122
10.3MARKET SHARE ANALYSIS124
FIGURE 33TERPENE RESINS MARKET SHARE, BY COMPANY (2022)124
TABLE 97TERPENE RESINS MARKET: INTENSITY OF COMPETITIVE RIVALRY124
10.4REVENUE ANALYSIS OF TOP PLAYERS125
TABLE 98TERPENE RESINS MARKET: REVENUE ANALYSIS (USD)125
10.5MARKET EVALUATION MATRIX125
TABLE 99MARKET EVALUATION MATRIX125
10.6COMPANY EVALUATION MATRIX, 2022 (TIER 1)126
10.6.1STARS126
10.6.2EMERGING LEADERS126
10.6.3PERVASIVE PLAYERS126
10.6.4PARTICIPANTS126
FIGURE 34TERPENE RESINS MARKET: COMPANY EVALUATION MATRIX, 2022127
10.7STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX127
10.7.1RESPONSIVE COMPANIES127
10.7.2STARTING BLOCKS127
10.7.3PROGRESSIVE COMPANIES128
10.7.4DYNAMIC COMPANIES128
FIGURE 35TERPENE RESINS MARKET: COMPANY EVALUATION MATRIX FOR SMES128
10.8COMPANY END-USE INDUSTRY FOOTPRINT129
10.9COMPANY REGION FOOTPRINT130
10.10STRENGTH OF PRODUCT PORTFOLIO131
10.11BUSINESS STRATEGY EXCELLENCE132
10.12COMPETITIVE SCENARIO133
10.12.1PRODUCT LAUNCHES133
TABLE 100PRODUCT LAUNCHES, 2018–2022133
10.12.2DEALS133
TABLE 101DEALS, 2018–2022133
10.12.3OTHER DEVELOPMENTS134
TABLE 102OTHER DEVELOPMENTS, 2018–2021134
11COMPANY PROFILES135
11.1KEY PLAYERS135
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1MANGALAM ORGANICS LIMITED135
TABLE 103MANGALAM ORGANICS LIMITED: COMPANY OVERVIEW135
FIGURE 36MANGALAM ORGANICS LIMITED: COMPANY SNAPSHOT136
TABLE 104MANGALAM ORGANICS LIMITED: PRODUCT OFFERINGS136
11.1.2YASUHARA CHEMICAL CO. LTD138
TABLE 105YASUHARA CHEMICAL CO. LTD: COMPANY OVERVIEW138
FIGURE 37YASUHARA CHEMICAL CO. LTD: COMPANY SNAPSHOT138
TABLE 106YASUHARA CHEMICAL CO. LTD: PRODUCT OFFERINGS139
TABLE 107YASUHARA CHEMICAL CO. LTD: DEALS139
11.1.3INGEVITY141
TABLE 108INGEVITY: COMPANY OVERVIEW141
FIGURE 38INGEVITY: COMPANY SNAPSHOT142
TABLE 109INGEVITY: PRODUCT OFFERINGS142
TABLE 110INGEVITY: PRODUCT LAUNCHES143
TABLE 112INGEVITY: OTHER DEVELOPMENTS144
11.1.4KRATON CORPORATION146
TABLE 113KRATON CORPORATION: COMPANY OVERVIEW146
TABLE 114KRATON CORPORATION: PRODUCT OFFERINGS146
TABLE 116KRATON CORPORATION: OTHER DEVELOPMENTS147
11.1.5BAOLIN CHEMICAL INDUSTRY CO. LTD149
TABLE 117BAOLIN CHEMICAL INDUSTRY CO. LTD: COMPANY OVERVIEW149
TABLE 118BAOLIN CHEMICAL INDUSTRY CO. LTD: PRODUCT OFFERINGS149
11.1.6LESCO CHEMICAL LIMITED151
TABLE 119LESCO CHEMICAL LIMITED: COMPANY OVERVIEW151
TABLE 120LESCO CHEMICAL LIMITED: PRODUCT OFFERINGS151
11.1.7ARAKAWA CHEMICAL INDUSTRIES, LTD.153
TABLE 121ARAKAWA CHEMICAL INDUSTRIES, LTD.: COMPANY OVERVIEW153
FIGURE 39ARAKAWA CHEMICAL INDUSTRIES, LTD.: COMPANY SNAPSHOT154
TABLE 122ARAKAWA CHEMICAL INDUSTRIES, LTD.: PRODUCT OFFERINGS154
TABLE 123ARAKAWA CHEMICAL INDUSTRIES, LTD: OTHER DEVELOPMENTS155
11.1.8XINYI SONYUAN CHEMICAL CO. LTD156
TABLE 124XINYI SONYUAN CHEMICAL CO. LTD: COMPANY OVERVIEW156
TABLE 125XINYI SONYUAN CHEMICAL CO. LTD: PRODUCT OFFERINGS156
11.2OTHER PLAYERS158
11.2.1AKROCHEM CHEMICAL158
11.2.2FOREVEREST RESOURCES LTD.158
11.2.3HWALONG158
11.2.4RESIN CHEMICALS CO. LTD158
11.2.5JINAN FUTURE CHEMICAL CO., LTD158
11.2.6GOLDENSEA CHEMICALS CO. LTD159
11.2.7HENAN TIANFU CHEMICAL CO. LTD159
11.2.8BOC SCIENCES159
11.2.9MEGAWIDE CHEMICALS CO. LTD159
11.2.10DRT159
11.2.11CHINA MK GROUP CO. LTD160
11.2.12CAREER HENAN CHEMICAL COMPANY160
11.2.13PUYANG CHANGYU PETROLEUM RESINS CO. LTD160
11.2.14DUJODWALA RESINS AND TERPENES LTD.160
*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.
12APPENDIX161
12.1DISCUSSION GUIDE161
12.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL165
12.3CUSTOMIZATION OPTIONS167
12.4RELATED REPORTS167
12.5AUTHOR DETAILS168