Indene Market Size, Share, Growth, And Industry Analysis By Type (65%-75%, ≥95%, Others) By Application (Coumarone Indene Resin, Styrene Indene Resin, Others), Regional Insights and Forecast From 2025 To 2034

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INDENE MARKET OVERVIEW

The global Indene Market size stood at USD 0.33 billion in 2025, growing further to USD 0.48 billion by 2034 at an estimated CAGR of 4.22% from 2025 to 2034.

The United States Indene Market size is projected at USD 0.10385 billion in 2025, the Europe Indene Market size is projected at USD 0.08797 billion in 2025, and the China Indene Market size is projected at USD 0.09654 billion in 2025.

Indene is a combustible polycyclic hydrocarbon with synthetic recipe C9H8. It is made out of a benzene ring melded with a cyclopentene ring. This sweet-smelling fluid is boring in spite of the fact that examples frequently are light yellow. The vital modern utilization of indene is in the development of indene/coumarone thermoplastic gums. Indene can emerge out of profound handling of coal tar or from C9 fraction. As per QYR research, the greater part of the Indene comes from the C9 division, however a large portion of the Indene is additionally handled into saps since selling Indene straightforwardly is exceptionally unwieldy and has a little benefit. Hence, Indene seldom shows up available, yet this market exists.

The foremost modern utilization of indene is in the development of indene/coumarone thermoplastic gums. Subbed indene’s and their firmly related indane subordinates are significant primary themes tracked down in numerous normal items and naturally dynamic particles, like sulindac.

KEY FINDINGS

COVID-19 IMPACT

Coronavirus Pandemic Has Adversely affected the Indene Market

On the worldwide market, the interest for indene market has been impacted by the huge decrease in the development of different modern areas like structure and development, car and individual cleanliness. The interest for petroleum resins has diminished as the interest for C9 and C5 oil tars has diminished as the interest from tire industry and paints and coatings. All through the pandemic, the cements and sealants area has confronted various hindrances. The Coronavirus pandemic has additionally impacted the tire and elastic industry's interest for hydrocarbons tars, as many tire offices have briefly quit fabricating. As economies plan to reestablish their tasks, the worldwide interest for petrol gums is expected to increment. The downstream cement and paint enterprises have started to expand their interest for petrol gums because of the worldwide resumption of business movement and the lifting of lockdown measures. This has impacted the Indene market harshly. In any case, after the pandemic the auto, Building and Development and Tire Industry are back to its generally expected condition which will drive the interest for petrol gums during estimated period.

LATEST TRENDS

Rising Development Spending Aiding the Market Trend to Grow

The market development is expected to be increment by rising development spending because of expanded urbanization, populace development, and government foundation plans. Moreover, the business is expected to increment because of the fast extension of social foundation, safeguard framework, transportation, emergency clinics, energy, instructive offices, and normal assets. Throughout the next few years, it is guessed that proceeded with industrialization and rising unfamiliar interest in the bundling and paints and coatings areas will drive the interest for oil tar. Moreover, the public authority of India's "Make in India" drive and positive FDI guidelines are expected to set out new freedom for petrol pitch market.

• ~60 % of 2023 indene demand went into resin production for adhesives, printing inks and varnishes, which jumped 18 % over two years.

• Globally, >110 facilities now produce indene chemicals, with 74 % vertically integrated in feedstock supply chains.

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INDENE MARKET SEGMENTATION

By Type

According to type, the market can be segmented into 65%-75%, ≥95%, Others. 65%-75% being the leading segment of the market by type analysis.

By Application

Based on application, the market can be divided into Coumarone Indene Resin, Styrene Indene Resin, Others. Coumarone Indene Resin being the leading segment of the market by application analysis.

DRIVING FACTORS

Increasing use of Petroleum Resin in Paints Driving the Indene Market Upwards

The expansion being used of petroleum resin in the paints and coatings industry as it offers shiny is normal to fuel the development of the market during the gauge time frame. The market for oil saps will be additionally determined by the gums great similarity with different merchandise, for example, sodium bisulfite (SBS) and ethylene-vinyl acetic acid derivation (EVA). Paint is oftentimes used to distinguish transport paths, stacking zones, and parking spaces. Expansion in foundation speculation for building new expressways and spotlight on fix and upkeep activities are anticipated to be the vital driving variables for the petrol gums market development.

Waterproofing Ability of Petroleum Resin Bolstering the Indene Market Growth

Petroleum Resins are used as coatings in mortar-altered flexible waterproofing layers, waterproofing films on even workmanship, pool decks and top coat for business rooftop applications in the structure and development area. Petrol gums have an incredible fondness for shades, helpers, and tar rosins, which builds the paint's strength, inflexibility, and cement force and makes a smooth paint surface. As oil pitches give extraordinary execution, splendor, and speedy drying, the market for street stamping paints is probably going to see an expansion popular which will additionally drive the interest for oil tar.

• Over 45 % of indene output supports resin and coating industries, bolstered by a 25 % increase in hydrocarbon resin use.

• Asia‑Pacific industrial expansion accounts for >50 % of global demand, led by growth in China and India.

RESTRAINING FACTORS

Volatility of Crude Oil to Restrict the Market Growth

Unpredictability in the costs of raw petroleum and the rising utilization of rosin tars in different applications including development and car are supposed to limit the indene market development during the conjecture time frame. Innovative progressions to present new interaction advances and increment yield are supposed to make new development roads during the gauge time frame.

• Feedstock cost fluctuation—coal‑tar and petroleum volatility—impacts 30 % of producers’ cost structures.

• Environmental compliance now represents over 35 % of OPEX for many manufacturers in the indene value chain.

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INDENE MARKET REGIONAL INSIGHTS

Rising Usage of Packaging Resin’s Industry Improving the Indene Market Development in Asia Pacific

Asia Pacific remained at prime position. The area overwhelmed the packaging resins industry and is probably going to keep up with its situation all through the estimate period. The rising populace in nations like China, India, and Bangladesh is supposed to drive the interest for comfort food, accordingly giving sufficient chances to makers and lift local development. For example, as per The Horticultural and Handled Food Items Commodity Improvement Authority (APEDA), the market for prepared to eat food items in India in 2016 was INR 2900 crores. The market is additionally expected to show a twofold digit development rate. Also, the presence of solid assembling bases for polymer gums, to be specific, propylene, polystyrene, PVC, and others in China, is supposed to encourage indene market development.

North America is one of the flourishing areas with regards to improvement and industrialization. The development in the bundling business is expected to be a critical driver for the indene market. Current bundling advancements and headways underway techniques are supposed to impel the development of the bundling pitches. The interest for plastic bundling is supposed to increment during the gauge time frame inferable from socioeconomics and shopper inclinations.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

• Shandong Kete Chemical: Strategic partnership with Eastman expanded production (per 2025 investment announcements).

• Kolon: Bio‑based indene initiative contributed approximately 22 % of R&D focus in the sector.

List of Top Indene Companies

• Shandong Kete Chemical
• Kolon
• Shandong Aoertong Chemical
• Eastman
• Guangdong Xinhuayue Petrochemical
• Zibo Luhua Hongjin New Material
• Neville Chemical
• Daqing Huake
• JFE Chemical Corporation
• Cray Valley
• Shandong Qilong Chemical

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.