PUBLISHER: Lucintel | PRODUCT CODE: 1523200
PUBLISHER: Lucintel | PRODUCT CODE: 1523200
Petroleum Resin Trends and Forecast
The future of the global petroleum resin market looks promising with opportunities in the building & construction, tire, personal hygiene, consumer good, and automotive markets. The global petroleum resin market is expected to grow with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for hydrogenated hydrocarbon petroleum resins and huge demand for petroleum resins in end-use industries like automotive and paint and coating.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Petroleum Resin by Segment
The study includes a forecast for the global petroleum resin by type, application, end use, and region.
List of Petroleum Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies petroleum resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the petroleum resin companies profiled in this report include-
Petroleum Resin Market Insights
Lucintel forecasts that adhesives & sealants will remain the largest segment over the forecast period.
Within this market, automotive will remain the largest segment.
APAC will remain the largest region over the forecast period due to rapid industrialization and increasing demand in building & construction industries.
Features of the Global Petroleum Resin Market
Market Size Estimates: Petroleum resin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Petroleum resin market size by type, application, end use, and region in terms of value ($B).
Regional Analysis: Petroleum resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the petroleum resin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the petroleum resin market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for petroleum resin market?
Answer: The global petroleum resin market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the petroleum resin market?
Answer: The major drivers for this market are increasing demand for hydrogenated hydrocarbon petroleum resins and huge demand for petroleum resins in end-use industries like automotive and paint and coating.
Q3. What are the major segments for petroleum resin market?
Answer: The future of the petroleum resin market looks promising with opportunities in the building & construction, tire, personal hygiene, consumer good, and automotive markets.
Q4. Who are the key petroleum resin market companies?
Answer: Some of the key petroleum resin companies are as follows:
Q5. Which petroleum resin market segment will be the largest in future?
Answer: Lucintel forecasts that adhesives & sealants will remain the largest segment over the forecast period.
Q6. In petroleum resin market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid industrialization and increasing demand in building & construction industries.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.