IMARC Group has recently released a new research study titled “Petroleum Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the petroleum resins market?

The global petroleum resins market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

What is petroleum resins?

Petroleum resins are synthetic hydrocarbons made by the polymerization of unsaturated monomers, such as olefins, diolefins, and aromatic vinyl compounds. They have low molecular weight and can range from liquids to brittle solids. They are widely used in coatings, printing and lithographic inks, paper, paints and varnishes, adhesives, rubber, and concrete-curing compounds.

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What are the growth prospects and trends in the petroleum resins industry?

The escalating demand for green, sustainable, and low volatile organic compound (VOC) resins that are not harmful to humans or the environment represents one of the primary factors positively influencing the need for petroleum resins across the globe.

In addition, as petroleum resins have excellent adhesion and chemical resistance properties, they are finding extensive applications in adhesives and sealants, rubber compounding, and printing inks worldwide. In line with this, the increasing number of construction activities on account of rapid urbanization and inflating income levels is creating a positive outlook for the market.

Competitive Landscape with Key Players:

The competitive landscape of the global petroleum resins market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered: 

Arakawa Chemical Industries Ltd.
Eastman Chemical Company
Exxon Mobil Corporation
Henan Anglxxon Chemical Co. Ltd
Idemitsu Kosan
KOLON Industries Inc.
Lesco Chemical Limited
Neville Chemical Company
Puyang Changyu Petroleum Resins Co. Ltd.
Seacon Corporation
Total SE
Zeon Corporation

Key Market Segmentation:

The report has segmented the global petroleum resins market on the basis of product, application, end use and region.

Breakup by Product:

C5 resins
C9 resins
C5/C9 resins
Hydrogenated resins

Breakup by Application:

Paints
Adhesives
Printing inks
Rubber and tires
Tapes and labels
Others

Breakup by End Use:

Automotive
Construction
Packaging
Consumer goods
Personal hygiene
Others

Geographical Analysis: 

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Key Highlights of the Report:               

Market Performance (2017-2022)
Market Outlook (2023-2028)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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