Global Petroleum Hydrocarbon Resin Market, By Type (Aliphatic C5 Resins, Aromatic C9 Resins, Hydroge

Published Date: | Report Code : MT1958267

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the Petroleum Hydrocarbon Resin Market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of Petroleum Hydrocarbon Resin Market during the forecast period. 

Petroleum resins are amorphous polymers extracted from synthetic procedures with small molecular weight and are frequently used to enhance the adherence and cohesion characteristics of bigger polymers. The rise in supply from the construction and construction industry for petroleum resins is anticipated to fuel worldwide market growth.
  The adhesives & sealants application is expected to hold largest market share as compared to onshore application, in terms of value since, petroleum hydrocarbon resins are widely used to provide chemical resistance, adhesion,and pressure resistance properties in building & construction, automotive, personal hygiene, and tire industries.
Due to variables such as petroleum resins function as a binder resin, the implementation category of oils & coatings is anticipated to expand substantially and deliver numerous benefits including quick washing, alkali strength and abrasion proofing. In addition, the item increases paint gloss and enhances adhesion, hardness, and alkali and acid strength.

Key Factors Impacting Market Growth:

    • Growing demand for low-voc, green and sustainable oil resins
    • Availability of close substitutes like rosin resin
    • Fluctuating prices of raw material

Regional Outlook

The regional outlook section for petroleum hydrocarbon resin market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region includes automotive, heavy engineering, building & construction,  aerospace & defense, mining, and so on. This industries are expected to register steady growth in North America and Western Europe region during the forecast period.  

Asia Pacific region is estimated to register highest CAGR with strong industrial and infrastructural growth. Some of the major economies, in the region include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for petroleum hydrocarbon resin market during the forecast period. 

Companies Covered: Gautam Zen International, Eastman, Qingdao Bater Chemical, LESCO CHEMICAL LIMITED, Puyang Changyu Petroleum Resins, Credrez, HIGREE, China Mk Group, Cray Valley S.A., Neville Chemical...

Market Segmentation:

By Type:
    • Aliphatic C5 Resins 
    • Aromatic C9 Resins 
    • Hydrogenated Hydrocarbon Resins 
    • C5/C9 Resins

By Application:

    • Adhesive & Sealants 
    • Pressure Sensitive Adhesives (PSA)
    • Hot Melt Adhesives (HMA)
    • Paints & Coatings 
    • Printing Inks 
    • Rubber Compounding 
    • Tapes & Labels 
    • Others

By Region:

    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Application

    • Western Europe:
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Application

    • Eastern Europe:
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Application

    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Application

    • Middle East:
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Type
        ◦ By Application

    • Rest of the World
        ◦ By Region (Latin America, Brazil, Rest of the World)
        ◦ By Type
        ◦ By Application

Reasons To Buy This Report:

    • Market size estimation of the petroleum hydrocarbon resin market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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