News Crusader

Petroleum Resins Market to be driven by the increasing demand from End-Use Industries during the forecast period, 2017-2023

Petroleum Resins Market
Global Petroleum Resins Market Information- by Resin Type (C5, C9, Hydrogenated Hydrocarbon, C5/C9), by Application (Adhesives, Paints & Coatings, Printing Inks), by End-Use (Construction, Automotive, Packaging, Personal Hygiene) – Forecast till 2023

The low molecular weight materials which are formed by polymerization of alkenes, alkynes and aromatic compounds acquired from the cracking of heavy carbon feedstock are called petroleum resins. It has various significant properties such as softening point, solubility and chemical as well as thermal resistance. It is used to provide flexibility, strength and imparts low-odor to the product.

The Global Petroleum Resins Market has been driven by the scope of its application in various sectors such as construction, automotive, packaging, personal hygiene, and others. Moreover, it is estimated that the construction segment is set to witness the highest growth in the market due to the growing consumption of hydrocarbon resins in water-proof structures and membranes.

Market Segmentation:
The Global Petroleum Resins Market is segregated into resin type, application and end-use. On the basis of resin type, the market is further categorized into C5, C9, hydrogenated hydrocarbon and C5/C9. The most widely used resin type in the market is C5 segment, due to its growing consumption in construction, automotive, and personal hygiene sectors. Exceptional bonding strength and flexibility are the major factors behind the popularity of this segment. The growing consumption of C5/C9 resin in rubber and tire application is set to drive the market during the assessment period. It is predicted that the hydrogenated hydrocarbon segment is set to grow at a higher CAGR due to excellent features offered by the product such as biocompatibility, adhesiveness and chemical resistance.

On the Basis of Application, the market is segmented into adhesives, paints & coatings, and printing inks. Between these, the paints & coatings is the leading segment in the market and is anticipated to observe a rapid growth due to its ability to act as a binder resin and improve the glossy finish of the product.

Request a Sample Report @

On the Basis of End-Use, the market is segmented into construction, automotive, packaging, personal hygiene. Among these, construction is the leading segment owing to extensive use of hydrocarbon resins in horizontal masonry, industrial roofing, and others.

Competitive Analysis:
Some of the major players functioning in the Global Petroleum Resins Market are Exxon Mobil Corporation (U.S.), Eastman Chemical Company (U.S.), Idemitsu Kosan Co.,Ltd (Japan), Puyang Changyu Petroleum Resins Co., Ltd.(China), Arakawa Chemical Industries,Ltd (Japan), Kolon Industries, Inc(South Korea), BASF SE(Germany), The Dow Chemical Company( U.S.), Cray Valley(France), and Neville Chemical Company(U.S.) among others among others.

Segmental Analysis:
The Global Petroleum Resins Market is spanned across five key regions of the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance due to rising demand for petroleum resins market in various applications. Countries such as China, Japan and India are the major players in this region. The North America region is estimated to witness a higher growth in the U.S., Canada and Mexico owing to increasing demand for aromatic compounds in packaging, healthcare, and energy sectors. A recognized growth is observed in the European region owing to the growing consumption of hydrocarbon resins in automotive and aerospace industries to produce lightweight vehicles. Moreover, it is projected that the advancing research & development of product in the market has propelled this region to witness a significant growth in Germany, the U.K. and Italy.

The Middle East & Africa is estimated to observe a significant growth due to increasing production of resins in oil & gas, petrochemical and automobile industries. Additionally, the growing demand of aromatic compounds in architectural, paints and coating industries is projected to boost the market in the Latin American region.

Browse Full Report Details @      

Key Points from Table of Contents:

12. Company Profiles

12.1       Exxon Mobil Corporation
12.1.1    Company Overview
12.1.2    Product/Business Segment Overview
12.1.3    Financial Updates
12.1.4    Key Developments

12.2       Eastman Chemical Company
12.2.1    Company Overview
12.2.2    Product/Business Segment Overview
12.2.3    Financial Updates
12.2.4    Key Developments

12.3       Idemitsu Kosan Co.,Ltd
12.3.1    Company Overview
12.3.2    Product/Business Segment Overview
12.3.3    Financial Updates
12.3.4    Key Developments

12.4       Puyang Changyu Petroleum Resins Co., Ltd.
12.4.1    Company Overview
12.4.2    Product/Business Segment Overview
12.4.3    Financial Updates
12.4.4    Key Developments

12.5       Arakawa Chemical Industries,Ltd
12.5.1    Company Overview
12.5.2    Product/Business Segment Overview
12.5.3    Financial Updates
12.5.4    Key Developments

Make an Enquiry before buying @

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India


November 2017
« Oct    

Latest News

Isoprene Market 2017 – Goodyear Tire & Rubber Company (the U.S.), SIBUR (Russia), Royal Dutch Shell plc (the Netherlands)

Read Full Article

Petroleum Resins Market to be driven by the increasing demand from End-Use Industries during the forecast period, 2017-2023

Read Full Article

Plastic Antioxidants Market is segmented into Polymer Resin and Antioxidants Type

Read Full Article

Haining Duletai New Material Co.,Ltd Offers Fiberglass Window Curtain Fabric Using High Quality Glass Substrate

Read Full Article

Flexible Foam Market has been segmented into Type, Applications, End Use Industry and Region

Read Full Article All Set To Overwhelm Online Shoppers with Incredible Black Friday Sale!!!

Read Full Article

Global Lipase Enzyme Applications Market Report (Functional Oil, Omega-3 Fatty Acids, OPO, and CBE) – Market share, Trends Analysis and Forecast Upto 2024

Read Full Article

Plastic Compounding Market Will Exhibit Potential Growth At Around 7% CAGR From 2016 To 2026: Grand View Research, Inc.

Read Full Article

Dairy blends Market is estimated to grow at a CAGR of 6% by Forecast to 2022

Read Full Article

Greek Yoghurt Market is estimated to grow at a CAGR of 7.5% by Forecast to 2022

Read Full Article

Methadone Market Study with Competitive Landscape, Market Insights & Forecast (Dolophine, Methadoes, Diskets)

Read Full Article

Gypsum Suspended Ceiling Market Analysis by key countries like United States, Germany, Japan, France segmented by Applications, Future Trends and Growth Prospects to 2022

Read Full Article