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    Petroleum Resin Market Size, Share & Forecasts | 2020-25

    Petroleum Resin Market Size, Share & Forecasts | 2020-25
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    Petroleum Resin Market Insights 

    Petroleum resin market is likely to witness an impressive CAGR of 9.2% during the forecast period. The petroleum resin market is driven by the development of various end-use industries, such as building & construction, automotive, personal hygiene, and tire industry. Petroleum resins are employed to deliver chemical confrontation, pressure, and adhesion-resistance characteristics in these sectors.

    Petroleum Resin Market - Snapshot

    Growth

    9.2% for the next five years

    Major Application Type

    Adhesives & sealants

    Region with the highest demand

    Asia-Pacific

    Key Players

    Arakawa Chemical Industries Limited, Anglxxon Chemical Co., Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Innova (Tianjin) Chemical Co., Limited., Kolon Industries, Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Ruisen Petroleum Resins Co., Ltd., and Seacon Corporation.

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    Petroleum Resin Market Share: By Application Type 

     Based on the application type, the market is segmented as adhesives & sealants, paints & coatings, printing inks, rubber compounding, tapes & labels, and others. In 2018, the adhesives & sealants segment held the largest share against their onshore application counterparts. The paints & coatings segment is expected to depict the highest growth in the coming five years.  

    Petroleum Resin Market Share: By Region

    In terms of regions, Asia-Pacific is leading the market for petroleum resins. China and India are the growth engines of the region. The increasing claim for petroleum resins in this region is mainly bolstered by their applications in building & construction. The presence of giant market players in the region also significantly attributes to the high demand for petroleum resins. North America is estimated to be the second-largest customer of petroleum resins, across the globe. The market in this region is mainly fueled by the burgeoning growth opportunities from automotive, personal hygiene, and tire industries. Latin America is estimated to be the second fastest-growing market during the forecast.

    Some of the major players in the petroleum resin market are Arakawa Chemical Industries Limited, Anglxxon Chemical Co., Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Innova (Tianjin) Chemical Co., Limited, Kolon Industries, Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Ruisen Petroleum Resins Co., Ltd., and Seacon Corporation.           

     

    Market Scope & Segmentation

    Petroleum Resin is mainly resin that is derived from the fractions of cracked petroleum. They are much different than high polymers like polypropylene and polystyrene. Earlier, these resins used to be unstable, dark, and soft in nature but now it has got improved over time.

    Petroleum resin can be of various types such as hydrogenated hydrocarbon resins, aromatic C9 resins, and many others. They have a tackifying property that makes it suitable for applications such as in varnishes, paint, printing ink, adhesives, rubber, and many others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Petroleum Resin Market Research Report – Features

    Market Segmentation

    4 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

                       

    The petroleum resin market is segmented into the following categories. 

    Petroleum Resin Market Size, Share, & Forecast, by Type:

    • Aliphatic C5 Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aromatic C9 Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hydrogenated Hydrocarbon Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • C5/C9 Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Petroleum Resin Market Size, Share, & Forecast, by Application Type:

    • Adhesives & Sealants
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Pressure Sensitive Adhesives (PSA) and Hot Melt Adhesives (HMA))
    • Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Printing Inks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rubber Compounding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tapes & Labels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Petroleum Resin Market Size, Share, & Forecast, by End-Use Industry Type:

    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tire Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personal Hygiene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Petroleum Resin Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


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