Market Overview:
The global styrenated terpene resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for adhesives, coatings, and print inks across various industries. In addition, the growing rubber industry is also expected to fuel the demand for styrenated terpene resin over the forecast period. On the basis of type, TS100 accounted for a major share of the global styrenated terpene resin market in 2017 and is projected to maintain its dominance duringthe forecast period. This can be attributedtoits superior properties such as high heat resistance and chemical resistance as comparedto other types ofstyrenatedterpene resins available in themarket.
Product Definition:
Styrenated Terpene Resin is a resin that is produced by combining styrene and terpene. It is used in the production of adhesives, coatings, sealants, and other products.
TS100:
Styrenated terpene resins are a group of natural and synthetic polymers, which are derived from styrene. They have high demand in various end-use industries such as automotive, construction and packaging owing to their excellent physical properties such as toughness, stiffness & strength along with low moisture absorption and low volatile organic compound (VOC) emissions.
TS95:
The TS95 is a type of high-performance liquid chromatography column that is used in the separation of various compounds based on their polarity. It has applications in the market for styrenated terpene resins and other polar compounds. The compound being highly soluble in water, it can be extracted from plant materials with ease.
TS95 helps to separate chiral compounds.
Application Insights:
The adhesive application segment led the global styrenated terpene resins market in 2017. The product is widely used in adhesives as it offers high performance and reliability at competitive prices. It also has good heat resistance, chemical resistance, and weather stability which makes it a suitable choice for use in outdoor applications where other types of adhesives fail.
Coatings were the second-largest application segment that year accounting for over 21% of the total revenue share. Styrene-based coatings are highly durable, offer low friction coefficient, exhibit high hardness & flexibility properties making them ideal for a wide range of industrial & automotive applications including engine components, transmission systems & gears boxes among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major players, availability of skilled labor, low raw material cost coupled with high demand from end-use industries are some key factors responsible for this region’s large share.
Europe was the second largest regional segment followed by North America owing to growing product demand in these regions. Europe has been witnessing a steady growth in construction spending which is likely to propel product consumption over the coming years. In addition, TS100 styrene butadiene rubber (SBR) has received approval from EEA under EC Type Conformity Mark (CMR), which will further boost consumption across this region during the forecast period.
North America emerged as one of the promising markets for technologically advanced products such as styrenated terpene resins due to increasing number of manufacturers shifting their base in this region especially U S.
Growth Factors:
- Increasing demand for styrenated terpene resin in the automotive and construction industries due to its properties such as high thermal stability, low volatility, and good solubility in organic solvents.
- Rising demand from emerging economies such as China and India due to the growth of their automotive and construction industries.
- Growing use of styrenated terpene resin in adhesives, sealants, coatings, printing inks, and other applications owing to its superior properties over traditional resins.
- Technological advancements that have led to the development of new products with better performance characteristics than those available in the market currently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrenated Terpene Resin Market Research Report
By Type
TS100, TS95, TS90, Other
By Application
Adhesives, Coatings, Print Inks, Rubber Industry, Hot Melt Pressure Sensitive Adhesives, Other
By Companies
Xinyi Sonyuan Chemical Co., Ltd., Foreverest Resources Ltd., Songyuan Chemicals Group Ltd., Suichuan Xinhai Chemical, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Styrenated Terpene Resin Market Report Segments:
The global Styrenated Terpene Resin market is segmented on the basis of:
Types
TS100, TS95, TS90, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adhesives, Coatings, Print Inks, Rubber Industry, Hot Melt Pressure Sensitive Adhesives, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xinyi Sonyuan Chemical Co., Ltd.
- Foreverest Resources Ltd.
- Songyuan Chemicals Group Ltd.
- Suichuan Xinhai Chemical
- ...
Highlights of The Styrenated Terpene Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- TS100
- TS95
- TS90
- Other
- By Application:
- Adhesives
- Coatings
- Print Inks
- Rubber Industry
- Hot Melt Pressure Sensitive Adhesives
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Styrenated Terpene Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Styrenated terpene resin is a type of cannabis resin that has been treated with styrene, a synthetic organic compound. Styrene is known to be an environmental pollutant and has been linked to cancer in humans. Some manufacturers of styrenated terpene resin claim that the treatment process renders the resin nontoxic, but there is no scientific evidence to support this claim.
Some of the major companies in the styrenated terpene resin market are Xinyi Sonyuan Chemical Co., Ltd., Foreverest Resources Ltd., Songyuan Chemicals Group Ltd., Suichuan Xinhai Chemical.
The styrenated terpene resin market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Styrenated Terpene Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Styrenated Terpene Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Styrenated Terpene Resin Market - Supply Chain
4.5. Global Styrenated Terpene Resin Market Forecast
4.5.1. Styrenated Terpene Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Styrenated Terpene Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Styrenated Terpene Resin Market Absolute $ Opportunity
5. Global Styrenated Terpene Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Styrenated Terpene Resin Market Size and Volume Forecast by Type
5.3.1. TS100
5.3.2. TS95
5.3.3. TS90
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Styrenated Terpene Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Styrenated Terpene Resin Market Size and Volume Forecast by Application
6.3.1. Adhesives
6.3.2. Coatings
6.3.3. Print Inks
6.3.4. Rubber Industry
6.3.5. Hot Melt Pressure Sensitive Adhesives
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Styrenated Terpene Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Styrenated Terpene Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Styrenated Terpene Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Styrenated Terpene Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Styrenated Terpene Resin Demand Share Forecast, 2019-2029
9. North America Styrenated Terpene Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Styrenated Terpene Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Styrenated Terpene Resin Market Size and Volume Forecast by Application
9.4.1. Adhesives
9.4.2. Coatings
9.4.3. Print Inks
9.4.4. Rubber Industry
9.4.5. Hot Melt Pressure Sensitive Adhesives
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Styrenated Terpene Resin Market Size and Volume Forecast by Type
9.7.1. TS100
9.7.2. TS95
9.7.3. TS90
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Styrenated Terpene Resin Demand Share Forecast, 2019-2029
10. Latin America Styrenated Terpene Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Styrenated Terpene Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Styrenated Terpene Resin Market Size and Volume Forecast by Application
10.4.1. Adhesives
10.4.2. Coatings
10.4.3. Print Inks
10.4.4. Rubber Industry
10.4.5. Hot Melt Pressure Sensitive Adhesives
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Styrenated Terpene Resin Market Size and Volume Forecast by Type
10.7.1. TS100
10.7.2. TS95
10.7.3. TS90
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Styrenated Terpene Resin Demand Share Forecast, 2019-2029
11. Europe Styrenated Terpene Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Styrenated Terpene Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Styrenated Terpene Resin Market Size and Volume Forecast by Application
11.4.1. Adhesives
11.4.2. Coatings
11.4.3. Print Inks
11.4.4. Rubber Industry
11.4.5. Hot Melt Pressure Sensitive Adhesives
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Styrenated Terpene Resin Market Size and Volume Forecast by Type
11.7.1. TS100
11.7.2. TS95
11.7.3. TS90 11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Styrenated Terpene Resin Demand Share, 2019-2029
12. Asia Pacific Styrenated Terpene Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Styrenated Terpene Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Styrenated Terpene Resin Market Size and Volume Forecast by Application
12.4.1. Adhesives
12.4.2. Coatings
12.4.3. Print Inks
12.4.4. Rubber Industry
12.4.5. Hot Melt Pressure Sensitive Adhesives
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Styrenated Terpene Resin Market Size and Volume Forecast by Type
12.7.1. TS100
12.7.2. TS95
12.7.3. TS90
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Styrenated Terpene Resin Demand Share, 2019-2029
13. Middle East & Africa Styrenated Terpene Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Styrenated Terpene Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Styrenated Terpene Resin Market Size and Volume Forecast by Application
13.4.1. Adhesives
13.4.2. Coatings
13.4.3. Print Inks
13.4.4. Rubber Industry
13.4.5. Hot Melt Pressure Sensitive Adhesives
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Styrenated Terpene Resin Market Size and Volume Forecast by Type
13.7.1. TS100
13.7.2. TS95
13.7.3. TS90
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Styrenated Terpene Resin Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Styrenated Terpene Resin Market: Market Share Analysis
14.2. Styrenated Terpene Resin Distributors and Customers
14.3. Styrenated Terpene Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Xinyi Sonyuan Chemical Co., Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Foreverest Resources Ltd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Songyuan Chemicals Group Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Suichuan Xinhai Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ...
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
