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Global Petroleum Resins Market: By Product: C5, C9, C5/C9, Hydrogenated; By Application: Paints, Adhesives, Rubber and Tires, Printing Inks, Tapes and Labels, Others; By End Use: Automotive, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Petroleum Resins Market Outlook

The global petroleum resins market reached a value of about USD 4.1 billion in 2021. The market is further estimated to grow at a CAGR of 5.90% in the forecast period of 2022-2027 to reach a value of around USD 5.8 billion by 2027.

 

Rising Demand for C5 Hydrocarbon Resins to Propel the Market Growth of Petroleum Resins

Based on product, the demand for C5 petroleum resins in the sealant and adhesives sector has been increasing significantly. The growing importance of C5 petroleum resins as tackifiers is resulting in its increased utilisation in the production of pressure-sensitive adhesives and hot melt adhesives. Also, C5 resins are compatible with natural rubber, synthetic elastomers of low polarity, base polymers, and antioxidants, owing to their aliphatic chemical nature. C5 hydrocarbon resins are also used as hot-melt road-marking paints. They enhance the rigidity of paint material and offer features such as waterproof, UV protection, and chemical resistance to ensure the stable properties of thermoplastic paint. Additionally, they are accessible in a wide range of molecular weights and softening points and possess excellent heat stability. The initiatives taken by market players in supplying a wide range of high-quality C5 petroleum resins are likely to stimulate the market over the forecast period.

 

Market Segmentation

Petroleum resins, also called hydrocarbon resins, are a low polymer with a molecular weight between 300-3000 and are derived from cracked petroleum fractions. The characteristics of petroleum resins include resistance to water, ethanol, and chemicals. It is used along with other types of resins as promoters, adjusting agents, and modifiers in several applications.

The market for petroleum resins, by product, is divided into:

  • C5
  • C9
  • C5/C9
  • Hydrogenated

Based on application, the market is segmented into:

  • Paints
  • Adhesives
  • Rubber and Tires
  • Printing Inks
  • Tapes and Labels
  • Others

On the basis of end use, the market is classified into:

  • Automotive
  • Construction
  • Packaging
  • Personal Hygiene
  • Consumer Goods
  • Others

The regional markets for petroleum resins can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Utilisation in Various Applications to Drive the Market Growth of Petroleum Resins

The rising use of petroleum resins in various sectors, owing to their exceptional characteristics, is leading to the market expansion. The resins are also available in several forms, such as powder, flake, crushed nuggets, beads, solid block, molten, dispersions, and solutions. The booming construction sector and the government initiatives towards rapid infrastructural developments are providing impetus to the petroleum resins market growth, as the product is widely used in paints and coatings and adhesives applications. The emergence of the e-commerce sector is leading to the adoption of flexible packaging, which is contributing to the application of petroleum resins to stiffen paper in packaging. The expanding production of automobiles and the use of petroleum resins to improve the tackiness of raw rubber are invigorating the market growth. Further, the demand for hydrogenated petroleum resins to enhance the colour and UV stability is aiding the market. For instance, in 2017, Zeon Corporation decided to build a new facility for hydrogenation of their Quintone petroleum resin at the Mizushima Plant in Japan to meet the demand for sanitary products market and insulation tape for automobiles, among others. Over the forecast period, the efforts taken by manufacturers to enhance the production process by using advanced process technology, innovative production equipment, and accurate analysis methods for the production of petroleum resins are expected to augment the market growth.

 

Key Players in the Global Market for Petroleum Resins

The report gives a detailed analysis of the following key players in the global petroleum resins market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Lesco Chemical Limited
  • Zeon Corporation
  • Eastman Chemical Company
  • Kolons Industries, Inc.
  • Puyang Changyu Petroleum Resins Co., Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • End Use
  • Region
Breakup by Product
  • C5
  • C9
  • C5/C9
  • Hydrogenated
Breakup by Application
  • Paints
  • Adhesives
  • Rubber and Tires
  • Printing Inks
  • Tapes and Labels
  • Others
Breakup by End Use
  • Automotive
  • Construction
  • Packaging
  • Personal Hygiene
  • Consumer Goods
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Lesco Chemical Limited
  • Zeon Corporation
  • Eastman Chemical Company
  • Kolons Industries, Inc.
  • Puyang Changyu Petroleum Resins Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Petroleum Resins Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Petroleum Resins Historical Market (2017-2021) 
    8.3    Global Petroleum Resins Market Forecast (2022-2027)
    8.4    Global Petroleum Resins Market by Product
        8.4.1    C5
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    C9
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    C5/C9
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Hydrogenated
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
    8.5    Global Petroleum Resins Market by Application
        8.5.1    Paints
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Adhesives
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Rubber and Tires
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Printing Inks
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Tapes and Labels
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Others
    8.6    Global Petroleum Resins Market by End Use
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Construction
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Packaging
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Personal Hygiene
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Consumer Goods
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Others
    8.7    Global Petroleum Resins Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code - 391110)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume 
13    Price Analysis
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Lesco Chemical Limited
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Zeon Corporation
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Eastman Chemical Company
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Kolons Industries, Inc.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Puyang Changyu Petroleum Resins Co., Ltd.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Petroleum Resins Market: Key Industry Highlights, 2017 and 2027
2.    Global Petroleum Resins Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Petroleum Resins Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Petroleum Resins Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Petroleum Resins Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Petroleum Resins Historical Market: Breakup by End Use (USD Billion), 2017-2021
7.    Global Petroleum Resins Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8.    Global Petroleum Resins Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Petroleum Resins Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Major Exporting Countries by Value
21.    Major Importing Countries by Value
22.    Major Exporting Countries by Volume
23.    Major Importing Countries by Volume
24.    North America Historical Price Trends and Forecast 2017-2027
25.    Europe Historical Price Trends and Forecast 2017-2027
26.    Asia Pacific Historical Price Trends and Forecast 2017-2027
27.    Latin America Historical Price Trends and Forecast 2017-2027
28.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
29.    Global Petroleum Resins Market Structure

Key Questions Answered in the Report

In 2021, the global petroleum resins market attained a value of nearly USD 4.1 billion.

The market is assessed to grow at a CAGR of 5.90% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach almost USD 5.8 billion by 2027.

The major market drivers include the expanding construction projects, increasing production of automobiles, exceptional characteristics of petroleum resins, emergence of e-commerce and the adoption of flexible packaging, availability in several forms, and growing applications of petroleum resins in various sectors.

The key trends guiding the growth of the market include the advancements in process technology, rising demand for low VOC petroleum resins, and initiatives taken by market players to expand their production capacity.

The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant products of petroleum resins include C5, C9, C5/C9, and hydrogenated.

The different applications of petroleum resins include paints, adhesives, rubber and tires, printing inks, and tapes and labels, among others.

The major end uses of petroleum resins include automotive, construction, packaging, personal hygiene, and consumer goods, among others.

The major players in the market are Lesco Chemical Limited, Zeon Corporation, Eastman Chemical Company, Kolons Industries, Inc., and Puyang Changyu Petroleum Resins Co., Ltd., among others.

Analyst Review

The global petroleum resins market attained a value of nearly USD 4.1 billion in 2021, driven by the growing applications of petroleum resins in various sectors. Aided by the advancements in process technologies, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.90%. The market is estimated to reach about USD 5.8 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for petroleum resins, by product, is divided into C5, C9, C5/C9, and hydrogenated. Based on application, the market is segmented into paints, adhesives, rubber and tires, printing inks, and tapes and labels, among others. On the basis of end use, the market is classified into automotive, construction, packaging, personal hygiene, and consumer goods, among others. The major regional markets for petroleum resins are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Lesco Chemical Limited, Zeon Corporation, Eastman Chemical Company, Kolons Industries, Inc., and Puyang Changyu Petroleum Resins Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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