Petroleum Resins Market, By Product Type, By Applications, By End-use Industry, By Geography

PUBLISHED: May 27, 2024

PAGES: 178 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Description

The Petroleum Resins Market is estimated to be valued at USD 3.20 Bn in 2024 and is expected to reach USD 5.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

Figure 1. Petroleum Resins Market Share (%), By Region, 2024

Petroleum resins are nonvolatile polymeric compositions derived from petroleum or coal tar raw materials. They are thermosetting hydrocarbon resins that are solid or semi-solid in form. Petroleum resins are mainly used as binders, modifiers, tackifiers and coatings in a variety of applications such as adhesives, inks, road marking paints, and coatings among others. The global petroleum resins market has been growing steadily over the years owing to increasing demand from end-use industries such as construction, paper, packaging and personal hygiene. The market is expected to continue gaining momentum in the coming years supported by rising infrastructure development activities and growing consumption of packaged goods across the globe.

Market Dynamics:

The key drivers propelling the growth of petroleum resins market are rapid urbanization and infrastructure development activities taking place across both developed and developing economies. The growing construction of roads, buildings and other civic amenities is significantly driving the consumption of adhesives, sealants and other petroleum resin containing products. Furthermore, rising disposable incomes have led to higher spending on packaged consumer goods which in turn is boosting the packaging industry and augmenting the demand for petroleum resins used in packaging applications. However, stringent environmental regulations regarding VOC emissions from petroleum resins-based products may hinder the market growth to some extent. On the positive side, growing R&D investments for developing bio-based and environment-friendly petroleum resins provide huge growth opportunities for market players.

Key Features of the Study:

This report provides in-depth analysis of the global petroleum resins market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global petroleum resins market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Arakawa Chemical Industries, Eastman Chemical Company, Exxon Mobil Corporation, Ltd., Kolon Industries, Inc., Lesco Chemical Limited, Zeon Corporation, Seacon Corporation, Neville Chemical Company, Total Cray Valley, Anglxxon Chemical Co., Ltd., Puyang Ruisen Petroleum Resins Co., Ltd. , Innova (Tianjin) Chemical Co., Limited , Shandong Landun Petroleum Resin Co., Ltd., Shanghai Jinsen Hydrocarbon Resins Co., Limited, Synthomer PLC, Dycon Chemicals, and PROMAX.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global petroleum resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global petroleum resins market.

Detailed Segmentation-

By Product Type:
- Aliphatic C5 Resins
- Aromatic C9 Resins
- C5/C9 Resins
- Hydrogenated Hydrocarbon Resins
By Application:
- Adhesive and Sealants
- Hot Melt Adhesives (HMA)
- Psa (Pressure Sensitive Adhesives)
- Paints & Coatings
- Rubber Compounding
- Printing Inks
- Tapes and Labels
- Others
By End use Industry:
- Automotive
- Building & Construction
- Consumer Goods
- Personal Hygiene
- Tire Industry
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Arakawa Chemical Industries
- Eastman Chemical Company
- Exxon Mobil Corporation, Ltd.
- Kolon Industries, Inc.
- Lesco Chemical Limited
- Zeon Corporation
- Seacon Corporation
- Neville Chemical Company
- Total Cray Valley
- Anglxxon Chemical Co., Ltd.
- Puyang Ruisen Petroleum Resins Co., Ltd.
- Innova (Tianjin) Chemical Co., Limited
- Shandong Landun Petroleum Resin Co., Ltd.
- Shanghai Jinsen Hydrocarbon Resins Co., Limited
- Synthomer PLC
- Dycon Chemicals
- PROMAX

Product Code: CMI1251

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Petroleum Resins Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Petroleum Resins Market
Impact Analysis

5. Global Petroleum Resins Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aliphatic C5 Resins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Aromatic C9 Resins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
C5/C9 Resins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Hydrogenated Hydrocarbon Resins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Petroleum Resins Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Adhesive and Sealants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Hot Melt Adhesives (HMA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Psa (Pressure Sensitive Adhesives)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Paints & Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Rubber Compounding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Printing Inks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Tapes and Labels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Petroleum Resins Market, By End-use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Consumer Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Personal Hygiene
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Tire Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Petroleum Resins Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Arakawa Chemical Industries
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Eastman Chemical Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Exxon Mobil Corporation, Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Kolon Industries, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Lesco Chemical Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Zeon Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Seacon Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Neville Chemical Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Total Cray Valley
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Anglxxon Chemical Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Puyang Ruisen Petroleum Resins Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Innova (Tianjin) Chemical Co., Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shandong Landun Petroleum Resin Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shanghai Jinsen Hydrocarbon Resins Co., Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Synthomer PLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Dycon Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- PROMAX
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Petroleum Resins Market" - Global forecast to 2031.