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| Market size in 2024 | US$ 345.6 million |
Forecast Market size by 2030 | US$ 478.9 million |
|---|---|---|---|
| Growth Rate | CAGR of 5.6% | Number of Pages | 119 Pages |
The global Terpene Phenolic Resins market size was valued at US$ 345.6 million in 2024 and is projected to reach US$ 478.9 million by 2030, at a CAGR of 5.6% during the forecast period 2024-2030.
The United States Terpene Phenolic Resins market size was valued at US$ 98.4 million in 2024 and is projected to reach US$ 132.5 million by 2030, at a CAGR of 5.1% during the forecast period 2024-2030.
Terpene Phenolic Resins are specialty polymers used in adhesives and coating applications.
The global market is growing moderately, driven by adhesive and coating applications. In 2023, production reached 85,000 metric tons globally, with adhesive industry accounting for 55% of consumption. The market saw a 20% increase in bio-based resin adoption in 2023. Standard grades dominate with a 70% market share, while specialty grades are growing at 7% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 6.0% CAGR. The industry is focusing on developing renewable feedstocks, with a 25% growth in R&D investments for sustainability.
Report Overview
Terpene Phenolic Resins refer to a group of resins derived from the reaction of terpenes and phenolic compounds, used as tackifiers and modifiers in adhesive formulations.
This report provides a deep insight into the global Terpene Phenolic Resins market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Terpene Phenolic Resins Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Terpene Phenolic Resins market in any manner.
Global Terpene Phenolic Resins Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Kraton Corporation
DRT
Ingevity
Eastman
Robert Kraemer
Lawter
Arakawa Chemical
Guangdong KOMO
Wuzhou Sun Shine
Market Segmentation (by Type)
Liquid Type
Solid Type
Market Segmentation (by Application)
Packaging
Wood Processing
Shoemaking
Textile
Electronic
Automobile
Other
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Terpene Phenolic Resins Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 345.6 million |
| Forecast Market size by 2030 | US$ 478.9 million |
| Growth Rate | CAGR of 5.6% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 119 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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