The Global Indene Market was valued at USD 248 Million in 2024 and is projected to reach USD 311 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period (2024–2032). This steady growth is driven by robust demand for coumarone-indene resins from the adhesives, paints, and coatings industries, coupled with expanding infrastructure development in emerging economies.

As the chemical industry increasingly focuses on high-performance specialty chemicals, the spotlight turns to the key producers who are advancing indene purification technologies and developing innovative resin formulations. In this blog, we profile the Top 10 Companies in the Indene Industry—a strategic mix of global chemical giants and specialized regional players shaping the future of this essential hydrocarbon market.

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🔟 1. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: High-Purity Indene, C9 Hydrocarbon Resins

Eastman is a global specialty materials company and a leading supplier of indene-derived products, particularly through its extensive C9 hydrocarbon resin portfolio. The company leverages its advanced distillation capabilities to produce high-purity indene for demanding applications in adhesives and rubber compounding.

Innovation Initiatives:

• Investment in advanced fractionation technology for higher purity grades

• Development of sustainable resin formulations with enhanced performance

• Strategic focus on bio-based alternatives for long-term market positioning

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9️⃣ 2. Shandong Kete Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Industrial Grade Indene (65%-75% purity)

Shandong Kete Chemical is a major Chinese producer of indene and other aromatic hydrocarbons derived from coal tar. The company benefits from proximity to steel production centers, ensuring consistent access to raw materials for its distillation operations.

Innovation Initiatives:

• Expansion of production capacity to meet growing domestic demand

• Optimization of coal tar distillation processes for improved yields

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8️⃣ 3. Guangdong Xinhuayue Petrochemical Co., Ltd.

Headquarters: Guangzhou, Guangdong, China
Key Offering: Indene, C9 Aromatic Fractions

Guangdong Xinhuayue Petrochemical specializes in the processing of petroleum-derived streams, producing indene as part of its comprehensive C9 aromatic fraction product line. The company serves both domestic and international markets with consistent quality products.

Innovation Initiatives:

• Vertical integration strategies to secure feedstock supply

• Quality control enhancements for export market compliance

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7️⃣ 4. Neville Chemical Company

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Coumarone-Indene Resins, Indene Feedstock

Neville Chemical has been a prominent manufacturer of coumarone-indene resins for over 90 years, with deep expertise in indene applications. The company operates one of North America’s largest specialty hydrocarbon resin facilities, serving diverse industrial sectors.

Innovation Initiatives:

• Continuous process improvement for resin quality enhancement

• Development of custom resin formulations for specific applications

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6️⃣ 5. RÜTGERS Group

Headquarters: Castrop-Rauxel, Germany
Key Offering: High-Purity Indene, Specialty Tar Products

RÜTGERS Group is a leading European producer of coal tar-based chemicals, with sophisticated indene separation capabilities. The company’s technical expertise enables it to serve demanding applications in the chemical and pharmaceutical industries.

Innovation Initiatives:

• Focus on high-value specialty chemical applications

• Environmental compliance and sustainable production practices

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5️⃣ 6. Daqing Huake Co., Ltd.

Headquarters: Daqing, Heilongjiang, China
Key Offering: Technical Grade Indene, C9 Resin Feedstock

Daqing Huake is a significant player in China’s northeastern chemical industry, producing indene primarily for the domestic resin manufacturing sector. The company’s strategic location provides access to regional coal tar resources.

Innovation Initiatives:

• Capacity expansion to serve growing regional demand

• Process efficiency improvements for cost competitiveness

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4️⃣ 7. Shandong Qilong Chemical Co., Ltd.

Headquarters: Zibo, Shandong, China
Key Offering: Industrial Grade Indene, Aromatic Solvents

Shandong Qilong Chemical operates comprehensive aromatic hydrocarbon production facilities, with indene as a key product in its portfolio. The company serves various downstream industries including adhesives, paints, and rubber products.

Innovation Initiatives:

• Diversification of product applications beyond traditional uses

• Quality standardization for international market entry

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3️⃣ 8. Cray Valley

Headquarters: Paris, France
Key Offering: Specialty Hydrocarbon Resins, Indene Derivatives

Cray Valley, a business of TotalEnergies, is a global leader in specialty chemicals with significant expertise in indene-based products. The company focuses on high-performance applications requiring precise chemical properties.

Innovation Initiatives:

• Research into novel indene copolymer applications

• Development of environmentally friendly resin alternatives

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2️⃣ 9. Kolon Industries, Inc.

Headquarters: Seoul, South Korea
Key Offering: High-Purity Indene, Engineering Plastics

Kolon Industries is a diversified Korean chemical company with advanced capabilities in indene purification and derivative development. The company leverages indene in its broader portfolio of high-performance materials.

Innovation Initiatives:

• Exploration of indene applications in advanced materials

• Strategic partnerships for technology development

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1️⃣ 10. JFE Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Ultra-Pure Indene, Specialty Aromatics

JFE Chemical Corporation, part of the JFE Steel Group, operates sophisticated coal chemical operations producing high-purity indene. The company’s integration with steel production ensures stable access to high-quality feedstock.

Innovation Initiatives:

• Development of purification technologies for specialty applications

• Focus on high-value niche markets beyond commodity resins

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Indene Market – View in Detailed Research Report

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🌍 Outlook: The Future of Indene Market Is Driven by Specialty Applications

The indene market is undergoing a significant transformation. While traditional resin applications continue to dominate consumption, the industry is increasingly investing in high-purity grades, advanced purification technologies, and innovative derivative development.

📈 Key Trends Shaping the Market:

• Growing demand for high-performance adhesives in packaging and construction

• Increasing regulatory pressure driving investment in cleaner production technologies

• Exploration of indene applications in specialty polymers and advanced materials

• Geographic shift in production capacity toward Asia-Pacific region

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Indene Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemical intermediates—they’re driving innovation in specialty materials that enable advanced industrial applications across multiple sectors.