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The market for terpene resins was estimated at USD 992 million in 2023 and is anticipated to increase to USD 1821.99 million by 2030, at a CAGR of 8.91%.
The global terpene resins market is expanding as a result of rising demand for adhesives and sealants, the popularity of bio-based and environmentally friendly products, the expansion of the paint and coating sector, technological developments in resin composition, and other factors. The market is comprehensively evaluated in the study on the global terpene resins market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.
Terpene resin is an organic substance that is derived from plants, such as citrus fruits or wood. A solid substance with a light tint called terpene resin is soluble in many solvents. Terpene also frequently has a potent smell and a high degree of resistance. It is utilized extensively in the industrial sector as an essential oil, fragrance, and flavoring agent. The market is expanding as a result of rising terpene demand in end-use sectors such cosmetics, food & beverage, paints & coatings, rubber, and pharmaceuticals. Polymerization is the main method used to precipitate straight terpene resin. These resins are employed in some food and beverage applications because they are chemically inert. Terpene saps are characterized by their extreme warm strength and are clear, pale yellow, or darker indeterminate mixtures in appearance. Additionally, the market growth is anticipated to be aided by unique qualities such as chemical inactivity, non-toxicity, and efficacy in comparison to some of the commonly used products.
In order to improve the product's stickiness or adhesion, terpene resins are utilized as tackifiers in adhesives and sealants. Tackifiers are materials that are added to adhesives to increase their adherence to surfaces. Because of their large molecular weight and high branching, terpene resins are particularly effective in this aspect because they blend well with other forms of adhesives like rubber and synthetic resins. Terpene resins can also make adhesives and sealants more flexible and impact-resistant. Different end-use sectors, such as packaging, automotive, construction/assembly, and footwear, use terpene-based adhesives. The market demand for terpene resins is anticipated to be driven by the expansion of these end-use industries.
When determining the cost structure of their goods, terpene resin manufacturers consider the price and availability of raw ingredients as a crucial factor. The majority of the raw materials used to make terpene resins come from natural and petroleum-based resources. The market for terpene resins is expected to be impacted by the restricted supply of natural feedstocks and the increasing regional concentration of suppliers in some countries. Furthermore, the development of this sector can be constrained by changes in oil prices and a fragile global economy.
The COVID-19 epidemic has hampered the functioning of sectors of the global economy like the food and beverage and cosmetics industry. The lockdown has decreased demand for food and drink as well as cosmetics, which has also decreased demand for terpene resins. Terpene resins are utilized as flavoring ingredients in numerous supplements, but their usage in the pharmaceutical business is anticipated to accelerate market expansion. Terpene's market growth is currently on the decline, but following the lockout, the market is anticipated to expand significantly.
Terpenes, an organic molecule found in many different plants and trees, are used to create the family of natural and synthetic resins known as terpene resins. Terpene polymers and terpene-based resins are other names for terpene resins. Terpenes are responsible for the characteristic flavors and scents of many plant species. Through polymerization or other procedures, terpene molecules can become terpene resins. Terpene resins are renowned for their exceptional adhesion, touch, and compatibility with a wide range of solvents and polymers.
They commonly dissolve in organic solvents and have good film-forming abilities. These resins are frequently amorphous, thermoplastic polymers having a range of softening points, depending on their chemical composition and source. Terpene resins can be divided into two main groups: natural and synthetic. One source of natural terpene resins in plants is coniferous trees including pine, fir, and spruce. These trees' oleoresin is extracted or distilled to make them, which is then put through additional processing to make the required resin.
Report Coverage
Global Terpene Resins research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Terpene Resins report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Terpene Resins competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Terpene Resins market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Terpene Resins market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Terpene Resins market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ingevity, Eastman Chemical Company, Lawter Inc, Pinova Holdings, Inc., Yasuhara Chemical Co., Ltd., DRT, Arakawa Europe GmbH, Guangdong KOMO Co., Ltd., Privi Organics India Limited, Mentha & Allied Products Pvt. Ltd., Lesco Chemical Limited, Kraton Corporation, Mangalam Organics Limited, Foshan Baolin Chemical Industry Co., Ltd, Grenhall Industries Inc., Xinyi Sonyuan Chemical Co., Ltd., Skyrun Industrial, BOC Sciences.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Terpene Resins market based on the below-mentioned segments:
Global Terpene Resins Market, By Type
Liquid
Solid
Global Terpene Resins market, By Application
Adhesives &Sealants
Inks & Coatings
Plastic & Rubber Coating
Pulp & Paper
Leather Processing
Others
Global Terpene Resins Market, By Grade
Technical
Industrial
Global Terpene Resins market, Regional Analysis
The global terpene resins market is expanding as a result of rising demand for adhesives and sealants, the popularity of bio-based and environmentally friendly products, the expansion of the paint and coating sector, technological developments in resin composition, and other factors. The market is comprehensively evaluated in the study on the global terpene resins market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.
Terpene resin is an organic substance that is derived from plants, such as citrus fruits or wood. A solid substance with a light tint called terpene resin is soluble in many solvents. Terpene also frequently has a potent smell and a high degree of resistance. It is utilized extensively in the industrial sector as an essential oil, fragrance, and flavoring agent. The market is expanding as a result of rising terpene demand in end-use sectors such cosmetics, food & beverage, paints & coatings, rubber, and pharmaceuticals. Polymerization is the main method used to precipitate straight terpene resin. These resins are employed in some food and beverage applications because they are chemically inert. Terpene saps are characterized by their extreme warm strength and are clear, pale yellow, or darker indeterminate mixtures in appearance. Additionally, the market growth is anticipated to be aided by unique qualities such as chemical inactivity, non-toxicity, and efficacy in comparison to some of the commonly used products.
In order to improve the product's stickiness or adhesion, terpene resins are utilized as tackifiers in adhesives and sealants. Tackifiers are materials that are added to adhesives to increase their adherence to surfaces. Because of their large molecular weight and high branching, terpene resins are particularly effective in this aspect because they blend well with other forms of adhesives like rubber and synthetic resins. Terpene resins can also make adhesives and sealants more flexible and impact-resistant. Different end-use sectors, such as packaging, automotive, construction/assembly, and footwear, use terpene-based adhesives. The market demand for terpene resins is anticipated to be driven by the expansion of these end-use industries.
When determining the cost structure of their goods, terpene resin manufacturers consider the price and availability of raw ingredients as a crucial factor. The majority of the raw materials used to make terpene resins come from natural and petroleum-based resources. The market for terpene resins is expected to be impacted by the restricted supply of natural feedstocks and the increasing regional concentration of suppliers in some countries. Furthermore, the development of this sector can be constrained by changes in oil prices and a fragile global economy.
The COVID-19 epidemic has hampered the functioning of sectors of the global economy like the food and beverage and cosmetics industry. The lockdown has decreased demand for food and drink as well as cosmetics, which has also decreased demand for terpene resins. Terpene resins are utilized as flavoring ingredients in numerous supplements, but their usage in the pharmaceutical business is anticipated to accelerate market expansion. Terpene's market growth is currently on the decline, but following the lockout, the market is anticipated to expand significantly.
Terpenes, an organic molecule found in many different plants and trees, are used to create the family of natural and synthetic resins known as terpene resins. Terpene polymers and terpene-based resins are other names for terpene resins. Terpenes are responsible for the characteristic flavors and scents of many plant species. Through polymerization or other procedures, terpene molecules can become terpene resins. Terpene resins are renowned for their exceptional adhesion, touch, and compatibility with a wide range of solvents and polymers.
They commonly dissolve in organic solvents and have good film-forming abilities. These resins are frequently amorphous, thermoplastic polymers having a range of softening points, depending on their chemical composition and source. Terpene resins can be divided into two main groups: natural and synthetic. One source of natural terpene resins in plants is coniferous trees including pine, fir, and spruce. These trees' oleoresin is extracted or distilled to make them, which is then put through additional processing to make the required resin.
Report Coverage
Global Terpene Resins research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Terpene Resins report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Terpene Resins competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Terpene Resins market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ingevity, Eastman Chemical Company, Lawter Inc, Pinova Holdings, Inc., Yasuhara Chemical Co., Ltd., DRT, Arakawa Europe GmbH, Guangdong KOMO Co., Ltd., Privi Organics India Limited, Mentha & Allied Products Pvt. Ltd., Lesco Chemical Limited, Kraton Corporation, Mangalam Organics Limited, Foshan Baolin Chemical Industry Co., Ltd, Grenhall Industries Inc., Xinyi Sonyuan Chemical Co., Ltd., Skyrun Industrial, BOC Sciences. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Terpene Resins Market from 2021 to 2030.
- Market Forecast for Terpene Resins Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Terpene Resins competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Terpene Resins
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Terpene Resins market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Terpene Resins market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ingevity, Eastman Chemical Company, Lawter Inc, Pinova Holdings, Inc., Yasuhara Chemical Co., Ltd., DRT, Arakawa Europe GmbH, Guangdong KOMO Co., Ltd., Privi Organics India Limited, Mentha & Allied Products Pvt. Ltd., Lesco Chemical Limited, Kraton Corporation, Mangalam Organics Limited, Foshan Baolin Chemical Industry Co., Ltd, Grenhall Industries Inc., Xinyi Sonyuan Chemical Co., Ltd., Skyrun Industrial, BOC Sciences.
Primary Target Market
- Market Players of Terpene Resins
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Terpene Resins market based on the below-mentioned segments:
Global Terpene Resins Market, By Type
Liquid
Solid
Global Terpene Resins market, By Application
Adhesives &Sealants
Inks & Coatings
Plastic & Rubber Coating
Pulp & Paper
Leather Processing
Others
Global Terpene Resins Market, By Grade
Technical
Industrial
Global Terpene Resins market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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