Heavy Pyrolysis Resin

Heavy Pyrolysis Resin Market Outlook

The global heavy pyrolysis resin market is anticipated to reach a valuation of approximately USD 1.5 billion by 2035, growing at a CAGR of around 7.2% during the forecast period from 2025 to 2035. This growth is primarily driven by the increasing demand for lightweight and high-performance materials across various industries, including automotive and aerospace, which are leveraging these advanced resins to enhance the performance and durability of their products. Additionally, the rising focus on sustainability and recycling processes is expected to bolster market growth, as heavy pyrolysis resins are derived from recycled materials, thus promoting a circular economy. Furthermore, innovations in resin formulations and processing technologies are paving the way for new applications and expanding market opportunities. Finally, government regulations promoting the use of eco-friendly materials are also contributing positively to the market landscape.

Growth Factor of the Market

The heavy pyrolysis resin market is significantly influenced by the growing automotive and aerospace sectors, where these high-performance materials are increasingly utilized due to their lightweight and durable characteristics. The technological advancements in pyrolysis techniques are enabling manufacturers to produce resins with superior properties, thereby enhancing their application scope across various industries. Additionally, the increasing shift towards sustainable and eco-friendly products is pushing the demand for heavy pyrolysis resins, as they can be produced from waste materials, thus supporting recycling initiatives. Moreover, the rising construction activities globally are amplifying the need for high-quality resins in composite materials, further driving market expansion. Lastly, the growing electronics industry is witnessing a surge in demand for specialty resins, which are crucial for producing lightweight components that require thermal stability and electrical insulation.

Key Highlights of the Market

• The heavy pyrolysis resin market is projected to grow at a CAGR of 7.2% from 2025 to 2035.
• Increasing demand from the automotive and aerospace sectors is a primary growth driver.
• Technological advancements in pyrolysis processes are enhancing resin quality and performance.
• The trend towards sustainable materials is boosting the adoption of heavy pyrolysis resins.
• The rise in construction and electronics sectors is expanding application opportunities.

By Product Type

High Temperature Resin:

High temperature resin is a significant segment within the heavy pyrolysis resin market, sought after for its excellent thermal stability and mechanical properties. These resins can withstand extreme temperatures without losing their structural integrity, making them ideal for applications in aerospace and automotive industries where performance at high temperatures is critical. As industries continue to innovate, the demand for such resins is expected to increase, particularly in high-performance applications that require materials capable of operating in harsh environments. The advancements in formulation technologies are also leading to the development of new high-temperature resin products that cater to specific industry needs, further driving growth in this segment.

Thermosetting Resin:

Thermosetting resin is another vital category in the heavy pyrolysis resin market, recognized for its ability to harden permanently when cured. This characteristic imparts unique properties such as high dimensional stability, resistance to solvents, and superior thermal resistance, making them suitable for a myriad of applications in industries like automotive, aerospace, and industrial manufacturing. The manufacturing processes that utilize thermosetting resins often benefit from their excellent adhesion properties and durability, which contribute to longer-lasting products. As the push for lightweight and more durable materials continues, the demand for thermosetting resin is projected to grow significantly, driven by both innovation and market needs.

Thermoplastic Resin:

Thermoplastic resin represents a versatile segment in the heavy pyrolysis resin market, noted for its ability to be repeatedly melted and reshaped without significant degradation. This property makes thermoplastic resins particularly useful in applications where recyclability is essential, aligning with the increasing focus on sustainability. The automotive industry is a key consumer of thermoplastic resins, using them in various components due to their lightweight nature and impact resistance. Additionally, advancements in thermoplastic resin technology are paving the way for new grades that offer enhanced performance characteristics, thereby broadening their application fields and further stimulating market growth.

Specialty Resin:

Specialty resin is a niche segment within the heavy pyrolysis resin market, characterized by its specific performance attributes tailored to meet unique application requirements. These resins often exhibit exceptional electrical insulating properties, chemical resistance, or tailored viscosity, making them indispensable in sectors such as electronics, aerospace, and telecommunications. The growing demand for innovative and effective materials in high-tech applications is driving the adoption of specialty resins, as manufacturers seek materials that can provide enhanced functionalities and performance. As technology advances, the development of new specialty resins with improved properties is expected to further enhance market opportunities within this segment.

Modified Resin:

Modified resin is gaining traction in the heavy pyrolysis resin market due to its customizable properties that can be tailored to suit specific applications. This type of resin often incorporates additives or blends to enhance its performance characteristics, such as flexibility, strength, or thermal resistance. As industries continue to seek materials that offer a competitive edge in terms of performance and cost-effectiveness, the demand for modified resins is expected to rise. Particularly in the construction and automotive sectors, modified resins can be utilized in a variety of applications, from adhesives to composite materials, further contributing to their market growth.

By Application

Automotive:

The automotive sector is one of the largest consumers of heavy pyrolysis resin, utilizing these materials for various components that require lightweight and durable solutions. With the increasing emphasis on fuel efficiency and performance, automakers are increasingly turning to high-performance resins to reduce the overall weight of vehicles while maintaining strength and safety standards. The trend towards electric vehicles also propels this demand, as manufacturers seek advanced materials to support innovative designs and technologies. As the automotive industry continues to evolve, the adoption of heavy pyrolysis resins is expected to expand, driven by stringent regulations and consumer preferences for sustainable and efficient vehicles.

Aerospace:

The aerospace industry significantly contributes to the heavy pyrolysis resin market as it requires materials that offer exceptional performance under extreme conditions. High-temperature and lightweight resins are crucial in this sector, where safety, performance, and efficiency are of utmost importance. The growing demand for fuel-efficient and eco-friendly aircraft designs is leading to the increased adoption of advanced resins, which help reduce aircraft weight and improve overall performance. Furthermore, as aerospace technology evolves, the requirement for innovative materials that can meet the rigorous demands of modern aircraft is expected to drive growth within this application segment.

Construction:

Within the construction industry, heavy pyrolysis resins are increasingly used due to their durability and versatility in various applications, such as adhesives, coatings, and composite materials. The rising trend towards sustainable building practices is also influencing the adoption of these resins, as they can be derived from recycled materials, thereby promoting eco-friendly construction solutions. As urbanization continues to grow globally, the demand for high-quality construction materials will likely lead to increased utilization of heavy pyrolysis resins, enhancing their role in modern building applications. Moreover, innovations within this field are expected to foster the development of new applications, further stimulating market growth.

Electronics:

The electronics industry is witnessing a notable uptake of heavy pyrolysis resins, especially in the production of lightweight components that require thermal stability and electrical insulation. As consumer electronics become more compact and complex, the need for advanced materials that can withstand varying operational conditions is paramount. Heavy pyrolysis resins are increasingly finding applications in circuit boards, connectors, and enclosures, where their unique properties can significantly enhance performance and reliability. With the rapid expansion of the electronics sector, including emerging technologies such as 5G and IoT devices, the demand for heavy pyrolysis resins is poised for substantial growth.

Industrial:

In the industrial sector, heavy pyrolysis resins are widely utilized for a range of applications, including coatings, adhesives, and sealants. The ability of these materials to offer excellent adhesion, chemical resistance, and durability makes them ideal for various industrial applications, contributing to the efficiency and longevity of products. As industries continue to modernize and prioritize high-performance materials, the demand for heavy pyrolysis resins is expected to rise. Additionally, the trend towards automation and advanced manufacturing processes is likely to create new opportunities for the integration of heavy pyrolysis resins, further enhancing their footprint within the industrial landscape.

By Distribution Channel

Direct Sales:

Direct sales are a significant distribution channel in the heavy pyrolysis resin market, allowing manufacturers to engage directly with consumers and provide tailored solutions to meet their specific needs. This channel enables producers to establish strong relationships with clients, ensuring better communication and understanding of market requirements. Direct sales often lead to enhanced customer satisfaction as clients receive personalized service and support. Additionally, this method allows companies to gain valuable insights into market trends and customer preferences, which can inform product development and marketing strategies. As the demand for heavy pyrolysis resins continues to rise, the direct sales channel is anticipated to grow alongside it.

Distributor Sales:

Distributor sales play a crucial role in the heavy pyrolysis resin market by providing manufacturers with a broader reach and access to diverse customer bases. Distributors often have established networks and relationships within various industries, which can facilitate quicker and more efficient sales processes. By leveraging these networks, manufacturers can focus on production and innovation while distributors handle logistics and customer engagement. This synergy allows for a more streamlined approach to market penetration and can enhance brand visibility. As the market for heavy pyrolysis resins expands, distributor sales are expected to continue to play an essential role in meeting growing demand across various sectors.

Online Retail:

The online retail channel is emerging as a vital distribution avenue within the heavy pyrolysis resin market, driven by the increasing adoption of e-commerce across industries. Online retail platforms provide manufacturers with an opportunity to reach a global audience, allowing customers to access products conveniently from anywhere. This channel is particularly beneficial for smaller companies looking to establish a presence in the market without the overhead costs associated with traditional retail channels. The digitalization of the supply chain is also enhancing the overall purchasing experience, making it easier for customers to compare products and make informed decisions. As more consumers and businesses turn to digital platforms for their procurement needs, the online retail channel is expected to grow significantly in the heavy pyrolysis resin market.

By Ingredient Type

Carbon Black:

Carbon black is a key ingredient type in the heavy pyrolysis resin market, contributing to the strength and durability of the final product. Widely used in various applications, including automotive and industrial sectors, carbon black enhances the physical properties of resins, making them more robust and resistant to wear and tear. The increasing demand for high-performance materials in industries such as automotive and construction is driving the need for carbon black in resin formulations. Moreover, advancements in carbon black production techniques are leading to the development of new grades that offer improved performance characteristics, further stimulating market growth.

Silica:

Silica is another important ingredient type utilized in the heavy pyrolysis resin market, known for its ability to improve the mechanical properties and thermal stability of resins. Its inclusion in resin formulations can enhance the viscosity, transparency, and overall performance of the final product. The growing demand for lightweight and durable materials across various industries is driving the adoption of silica in heavy pyrolysis resins. As manufacturers continue to innovate and develop advanced resin formulations, the strategic use of silica is expected to play a crucial role in expanding application opportunities and improving product performance.

Resin Oils:

Resin oils are utilized in the heavy pyrolysis resin market to improve the flexibility and processability of resins, making them easier to work with during production. These oils can enhance the adhesion properties of resin formulations and contribute to the overall performance characteristics of the final product. As industries increasingly prioritize the development of high-quality and versatile materials, the demand for resin oils in heavy pyrolysis formulations is expected to grow. Additionally, innovations in resin oil production and formulation are likely to create new opportunities for their application across various sectors, further driving market expansion.

Fillers:

Fillers play a significant role in the heavy pyrolysis resin market by providing bulk and improving the mechanical properties of resins. The inclusion of fillers can enhance the adhesion, strength, and thermal stability of the final product, making them suitable for a range of applications in industries such as automotive and construction. The growing preference for cost-effective materials is driving the demand for fillers in resin formulations, as they can help reduce production costs while maintaining product performance. As manufacturers continue to explore new filler materials and formulations, the market for heavy pyrolysis resin is anticipated to benefit from these innovations.

Reinforcements:

Reinforcements are essential components in the heavy pyrolysis resin market, contributing to the structural integrity and performance of the final products. These materials, often used in composite applications, enhance the mechanical properties of resins, making them ideal for high-performance applications in sectors such as aerospace and automotive. The increasing demand for lightweight and strong materials is driving the adoption of reinforcements in heavy pyrolysis resin formulations. As technology evolves, the development of new reinforcement materials and techniques is expected to create further opportunities for the heavy pyrolysis resin market, enabling manufacturers to meet the growing demands of various industries.

By Region

North America holds a prominent position in the heavy pyrolysis resin market, accounting for a substantial share due to the strong presence of key industries such as automotive, aerospace, and electronics. The region is witnessing a significant shift towards lightweight materials, with manufacturers increasingly adopting heavy pyrolysis resins to boost performance and efficiency. With a projected CAGR of 7.5% over the forecast period, North America is expected to maintain its leadership position as innovation and demand for sustainable materials continue to drive market growth. Additionally, the strong regulatory framework promoting eco-friendly practices further supports the expansion of heavy pyrolysis resin applications in the region.

Europe is another significant region in the heavy pyrolysis resin market, driven by the growing emphasis on sustainability and the circular economy. The region is home to numerous automotive and aerospace companies that are increasingly adopting high-performance materials to enhance product efficiency and reduce environmental impact. The European market is expected to grow at a CAGR of 6.8% during the forecast period, bolstered by initiatives aimed at promoting green technologies and sustainable manufacturing practices. The rising demand for innovative materials in construction and electronics further contributes to the market's growth in this region, making it a critical area for heavy pyrolysis resin application.

Opportunities

The heavy pyrolysis resin market presents numerous opportunities driven by the increasing demand for sustainable materials across various industries. As environmental concerns become more prominent, manufacturers are seeking eco-friendly alternatives to traditional resins, which can significantly influence their purchasing decisions. Heavy pyrolysis resins, being derived from recycled materials, align perfectly with these sustainability goals, prompting businesses to adopt them for their production processes. Additionally, the growing trend of innovation in resin formulations is opening doors for new applications and product developments, allowing companies to cater to niche markets and specialized needs. This versatility can potentially lead to the discovery of novel applications that further expand the market landscape and encourage greater investment in research and development.

Another opportunity lies in the increasing focus on advanced manufacturing processes, such as 3D printing and automation, which require high-performance materials that can withstand rigorous conditions. Heavy pyrolysis resins can be tailored to meet the specific requirements of these technologies, thus enabling manufacturers to leverage their unique properties for enhanced performance and efficiency. Furthermore, collaborations and partnerships between resin manufacturers and end-users can foster innovation and lead to the development of customized solutions that address emerging market needs. As industries continue to evolve and prioritize advanced materials, the heavy pyrolysis resin market is well-positioned to capitalize on these opportunities, resulting in sustained growth over the coming years.

Threats

Despite the promising outlook for the heavy pyrolysis resin market, several threats could potentially hinder growth. One major challenge is the volatility of raw material prices, particularly crude oil and other petrochemical inputs, which can significantly impact production costs. Fluctuations in these prices can lead to unpredictable pricing strategies, complicating budgeting and financial planning for manufacturers. Additionally, the competitive landscape is intensifying, with numerous players emerging in the market, making it increasingly challenging for companies to differentiate themselves and maintain market share. This competition can lead to price wars, further affecting profit margins and hampering investment in innovation and development.

Furthermore, regulatory challenges can also pose a threat to the heavy pyrolysis resin market. As governments around the world implement stricter environmental regulations aimed at reducing carbon emissions and promoting sustainable practices, manufacturers may face increased compliance costs. This could hinder the adoption of heavy pyrolysis resins among some companies that are unable to meet the new standards. Additionally, the potential for technological advancements in alternative materials could pose a significant risk to the heavy pyrolysis resin market, as industries may shift their focus towards new innovations that promise enhanced performance and lower costs. Companies will need to remain vigilant and adaptable to navigate these threats effectively.

Competitor Outlook

• Royal Dutch Shell
• ExxonMobil Chemical Company
• BASF SE
• DuPont
• Covestro AG
• Eastman Chemical Company
• LG Chem
• SABIC
• Hexion Inc.
• Henkel AG & Co. KGaA
• 3M Company
• Momentive Performance Materials
• Solvay S.A.
• Arkema S.A.
• Huntsman Corporation

The competitive landscape of the heavy pyrolysis resin market is characterized by a mix of established global players and emerging companies that are focusing on developing innovative solutions to meet growing industry demands. Major corporations such as Royal Dutch Shell and ExxonMobil Chemical Company dominate the market, leveraging their extensive research and development capabilities to produce high-performance resins that cater to various sectors. Additionally, companies like BASF SE and DuPont are continually investing in sustainable practices and technologies, aligning their product offerings with the increasing demand for eco-friendly materials. This strategic focus on sustainability is becoming a key differentiator among competitors, enabling them to capture a larger share of the market.

Another noteworthy aspect of the competitive landscape is the increasing trend of collaborations and partnerships within the industry. Companies are recognizing the need to collaborate with research institutions and other stakeholders to drive innovation and develop cutting-edge solutions that address specific market needs. For instance, collaborations between resin manufacturers and automotive companies have led to the creation of advanced composites that enhance vehicle performance and reduce weight. This collaborative approach not only fosters innovation but also enhances the overall competitiveness of the involved parties. As the heavy pyrolysis resin market continues to evolve, companies that actively seek partnerships and alliances are likely to gain a strategic advantage.

In addition to established players, the market is witnessing the rise of small to medium enterprises (SMEs) that are focusing on niche segments and specialized applications. These companies often bring agility and innovation to the market, addressing specific customer requirements through tailored solutions. The presence of SMEs fosters healthy competition, pushing larger players to innovate and adapt to changing market dynamics. As the demand for heavy pyrolysis resins grows, a diversified competitive landscape will emerge, characterized by a mix of traditional and new entrants striving to capture market share through innovative offerings and sustainable practices.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 DuPont
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 BASF SE
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 LG Chem
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 3M Company
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Arkema S.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Covestro AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Hexion Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Solvay S.A.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Royal Dutch Shell
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Henkel AG & Co. KGaA
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Huntsman Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Eastman Chemical Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 ExxonMobil Chemical Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Momentive Performance Materials
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Heavy Pyrolysis Resin Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Aerospace
    • 6.1.3 Construction
    • 6.1.4 Electronics
    • 6.1.5 Industrial
  • 6.2 Heavy Pyrolysis Resin Market, By Product Type
    • 6.2.1 High Temperature Resin
    • 6.2.2 Thermosetting Resin
    • 6.2.3 Thermoplastic Resin
    • 6.2.4 Specialty Resin
    • 6.2.5 Modified Resin
  • 6.3 Heavy Pyrolysis Resin Market, By Ingredient Type
    • 6.3.1 Carbon Black
    • 6.3.2 Silica
    • 6.3.3 Resin Oils
    • 6.3.4 Fillers
    • 6.3.5 Reinforcements
  • 6.4 Heavy Pyrolysis Resin Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales
    • 6.4.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Heavy Pyrolysis Resin Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Heavy Pyrolysis Resin market is categorized based on

By Product Type

• High Temperature Resin
• Thermosetting Resin
• Thermoplastic Resin
• Specialty Resin
• Modified Resin

By Application

• Automotive
• Aerospace
• Construction
• Electronics
• Industrial

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retail

By Ingredient Type

• Carbon Black
• Silica
• Resin Oils
• Fillers
• Reinforcements

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Royal Dutch Shell
• ExxonMobil Chemical Company
• BASF SE
• DuPont
• Covestro AG
• Eastman Chemical Company
• LG Chem
• SABIC
• Hexion Inc.
• Henkel AG & Co. KGaA
• 3M Company
• Momentive Performance Materials
• Solvay S.A.
• Arkema S.A.
• Huntsman Corporation