Market Overview:
Indene (CAS 95-13-6) Market Size Was Valued at USD 274.03 Million in 2022 and is Projected to Reach USD 355.30 Million by 2030, Growing at a CAGR of 3.3% From 2023-2030.
Indene, with CAS number 95-13-6, is a bicyclic aromatic hydrocarbon primarily used as a building block in the synthesis of various chemicals. Its applications span multiple industries, including the production of polymers, resins, and high-performance plastics. Indene is a key component in the manufacturing of indene-coumarone resins, which find use in adhesives, coatings, and printing inks due to their excellent binding properties. In the market, indene has witnessed growing demand in recent years, driven by the increasing need for advanced materials in sectors such as automotive, construction, and electronics. Its versatile nature and compatibility with various polymerization processes contribute to its prominence in the development of innovative materials. The market trends indicate a focus on research and development to enhance indene's applications, leading to its continued relevance in diverse industrial processes and the formulation of high-performance products.
Top Key Players Covered in The Indene (CAS 95-13-6) Market:
- Shandong Qilong Chemical (China)
- JFE Chemical Corporation (Japan)
- Kolon (Korea)
- Neville Chemical (U.S.)
- Eastman Chemical Company (U.S)
- RÜTGERS Group (Germany)
- Cray Valley (France), and Other Major Players
Market Dynamics and Factors:
The market for indene (CAS 95-13-6) is driven by several key factors, offering both stability and growth opportunities. One major driver is the escalating demand for polymers and resins in industries such as packaging, construction, and automotive. Indene serves as a crucial raw material in the production of high-performance plastics and resins, meeting the evolving needs of these sectors. Additionally, the growing emphasis on research and development activities propels the market forward. Ongoing innovations in polymer science and material engineering leverage indene's versatile properties, expanding its applications and opening new avenues for market growth. The continuous pursuit of sustainable and eco-friendly solutions in various industries further boosts the demand for indene-derived products, given its potential for creating environmentally responsible materials.
Opportunities in the market also arise from the increasing global focus on infrastructure development and urbanization. As construction activities surge, indene-based materials become integral in creating durable and efficient structures. Moreover, advancements in electronic and electrical applications, such as the development of lightweight and high-performance materials for electronic devices, present promising prospects for indene-based products. Also, strategic collaborations and partnerships among key market players contribute to technological advancements and market expansion. The pharmaceutical industry's exploration of indene compounds for drug development further diversifies the market, showcasing its potential in emerging fields. Overall, the indene market is poised for sustained growth driven by technological innovation, expanding application areas, and the pursuit of sustainable solutions across various industries.
The Indene (CAS 95-13-6) Market Report Highlight:
- By Product, the by-product comprising 65%-75% indene is anticipated to be the dominant product in the market. Its significant share underscores its importance in various industries, serving as a key component for manufacturing high-performance plastics, resins, and other innovative materials, driving the market's growth and prominence.
- By Application, Coumarone, derived from indene, is anticipated to be the prevailing application in the market. Widely utilized in the production of indene-coumarone resins, it finds extensive use in adhesives, coatings, and inks, showcasing its dominance as a key component in various industrial formulations.
- By Region, The Asia Pacific region is anticipated to emerge as the dominant force in the indene market. The increasing industrialization, robust manufacturing sector, and growing demand for high-performance materials in countries such as China and India contribute to the region's prominence, fostering substantial market growth.
Key Industry Development:
In February 2023, Eastman Chemical Company successfully acquired Ai-Red Technology (Dalian) Co., Ltd., a leading manufacturer in the Asia Pacific region specializing in paint protection and window film for automotive and architectural markets. This strategic move underscores Eastman's dedication to fostering growth in Performance Films. The acquisition enhances Eastman's position as a specialty materials company, reinforcing its commitment to delivering consistent, superior value and expanding service capabilities in China and the wider Asia Pacific region. The newly acquired site will seamlessly integrate with Eastman Performance Films operations, upholding the company's high standards of quality supply.
The Indene (CAS 95-13-6) Market Segmentation:
By Product
- 65%-75% Indene
- ≥95% Indene
By Application
- Coumarone Indene Resin
- Styrene Indene Resin
- Pesticide
For this report, Introspective Market Research has segmented the Indene (CAS 95-13-6) Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
