Top Companies in Terpene Resins Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Terpene Resins Market is projected to reach a value of USD 1.8 Billion by 2030 at a CAGR of 7.70% over the forecast period.
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Vantage Market Research has recently published a new report on the "Terpene Resins Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Terpene Resins Market. Some of the key statistics in the report highlight that the Global Terpene Resins Market was valued at USD 1.1 Billion in 2022 and is projected to reach a value of USD 1.8 Billion by 2030 at a CAGR of 7.70% over the forecast period. The rising demand for adhesives & sealants, inks & coatings, plastic & rubber processing, pulp & paper, and leather processing applications worldwide is responsible for the expansion of the worldwide terpene resins market. In addition, the global terpene resins market is expanding due to rising consumer demand for lightweight and fuel-efficient cars.
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Well-known players like Eastman Chemical Company, Kraton Corporation, Mangalam Organics Limited, YASUHARA CHEMICAL CO., LTD., Foshan Baolin Chemical Industry Co., Ltd, BOC Sciences, Skyrun Industrial, Grenhall Industries Inc., Lesco Chemical Limited, Xinyi Sonyuan Chemical Co., Ltd dominate the Global Terpene Resins market. These market participants also pursue strategies like investments, partnerships, acquisitions, and mergers to increase their market dominance. Furthermore, businesses are investing in the creation of better services. They are also concentrating on keeping their prices reasonable.
Let’s Take a Look at the Top Market Players that are Captivating the Terpene Resins Market
- Eastman Chemical Company (U.S.)
Eastman Chemical Middelburg B.V. produces resin products. In addition, the Company offers adhesives, printing inks, coatings, paper production, and paint for the food industry, cosmetics, pharmaceuticals, textiles, and building products. Eastman Chemical Middelburg operates worldwide.
- Kraton Corporation (U.S.)
Kraton Corporation produces styrene block copolymers, specialty polymers, and performance products derived from pine wood pulping co-products. The Company's products are used in different applications, including adhesives, coatings, and consumer and personal care products. Kraton also sells pine-based specialty products.
- Mangalam Organics Limited (India)
Mangalam Organics Limited is a BSE and NSE-listed company that primarily produces pine chemicals like terpene chemistry, such as camphor, camphene, isobornyl acetate, isoborneol, dipentene, and sodium acetate, as well as synthetic resins like terpene phenolic resin, alkyl phenolic resin, and rosin-based resins. Customers of the government-recognized export house are located in the United States, Europe, the Middle East & Africa.
- YASUHARA CHEMICAL CO., LTD (Japan)
YASUHARA CHEMICAL CO., LTD. manufactures and sells resins mainly used in adhesives. The Company markets its products overseas, especially in Southeast Asia and Japan.
- Foshan Baolin Chemical Industry Co., Ltd (China)
Covestro Resins (Foshan) Company Ltd manufactures and distributes chemical products. In addition, the Company produces waterborne synthetic resins. Covestro Resins (Foshan) provides its products to health care, personal care, pharmaceutical, automotive, and electronic areas.
- BOC Sciences (U.S.)
A brand owned by BOCSCI Inc. is BOC Sciences. BOC Sciences provides custom services to specialty species in the pharmaceutical, Agrochemical, and Biotechnology industries.
- Skyrun Industrial (China)
State-controlled Skyrun Industrial Co. Limited, founded in 2003, is a corporation in China that specialises in developing, producing, and handling pharmaceutical intermediates and raw materials (By Skyrun Corp. & High Hope). Additionally, they offer 1-(4-Bromophenyl) piperazine. The company, formerly a modest producer, has grown into a constructive organisation. Skyrun Industrial Co. Ltd supplies terpene resin.
- Lesco Chemical Limited (China)
Because of its decades of experience specialising in petroleum resin and advanced hydrocarbon resin manufacture technology, Lesco Chemical Limited, a leading hydrocarbon resin (Petroleum Resin) manufacturer and exporter in China has established a positive reputation in this industry. At present, LESCO products have evolved to meet the rising demands and requirements of their domestic and international customers.
- Xinyi Sonyuan Chemical Co., Ltd (China)
Xinyi Chemical Co., Ltd. is headquartered in China. The company's line of business includes manufacturing synthetic resins, plastic materials, and nonvulcanizable elastomers.
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