What is Terpene Resins?
Terprene Resin is derived from terpene feedstocks either from wood sources or from citrus fruit, by the use of turpentine and α pinene and β pinene, in the role of aluminium trichloride catalyst, through the cationic polymerization obtained by the solid from the liquid to a series of linear polymers, mainly used in adhesive, coating, sealant, rubber, tyre, ink, etc. Terprene Resin is also known as polyterprene resin.
The market study is broken down by Type (Liquid and Solid), by Application (Adhesives & Sealants, Inks & Coatings, Plastic & Rubber Processing, Pulp & Paper, Leather Processing and others) and major geographies with country level break-up.
In this market, the key players are present who are looking to increase the production and supply to gain more profit. Also, they are focusing on the expansion to raise the production. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eastman Chemical (United States), Kraton (United States), Mangalam Organics (India), YASUHARA CHEMICAL (Japan), Foshan Baolin Chemical Industry (China), BOC Sciences (United States), Skyrun Industrial (China), Grenhall Industries (Canada), Lesco Chemical (China) and Xinyi Sonyuan Chemical (China) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Terpene Resins market by Type, Application and Region.
On the basis of geography, the market of Terpene Resins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grades, the sub-segment i.e. Industrial Grade will boost the Terpene Resins market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2019, Eastman Chemical Company announced that it has acquired from Sasol, a global chemical and energy company
Market Trend
- High investments in research and developments are being done
Market Drivers
- There is an increasing adoption of terpene resin against the hydrocarbon based resin, as it provide excellent adhesion performances. Also there has been growing demand from end use industries which is boosting the market growth.
Opportunities
- Trade investments across the globe and development of relationship between the countries
Restraints
- High costs associated with terpene resins
Challenges
- Lack of awareness about the terpene resins
Key Target Audience
Market Manufacturers, Raw Material Suppliers, Research Consultants, Traders, Distributors, and Suppliers, Government & Regional Agencies and Research Organizations and Investment Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.