Reports
Reports
Sale
The global petroleum resins market reached a value of about USD 4.60 billion in 2023. The market is further estimated to grow at a CAGR of 5.90% in the forecast period of 2024-2032 to reach a value of around USD 7.73 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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:
Based on application, the market is segmented into:
On the basis of end use, the market is classified into:
The regional markets for petroleum resins can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
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:
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Product |
|
Breakup by Application |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Trade Data Analysis |
|
Price Analysis |
|
Competitive Landscape |
|
Companies Covered |
|
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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Petroleum Resins Market Analysis
8.1 Key Industry Highlights
8.2 Global Petroleum Resins Historical Market (2018-2023)
8.3 Global Petroleum Resins Market Forecast (2024-2032)
8.4 Global Petroleum Resins Market by Product
8.4.1 C5
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 C9
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 C5/C9
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Hydrogenated
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Petroleum Resins Market by Application
8.5.1 Paints
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Adhesives
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Rubber and Tires
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Printing Inks
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Tapes and Labels
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Petroleum Resins Market by End Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Construction
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Packaging
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Personal Hygiene
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Consumer Goods
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Petroleum Resins Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Petroleum Resins Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Petroleum Resins Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Petroleum Resins Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Petroleum Resins Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Petroleum Resins Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 391110)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Lesco Chemical Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Zeon Corporation
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Eastman Chemical Company
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Kolons Industries, Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Puyang Changyu Petroleum Resins Co., Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
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, 2018 and 2032
2. Global Petroleum Resins Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Petroleum Resins Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Petroleum Resins Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Petroleum Resins Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Petroleum Resins Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Petroleum Resins Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Petroleum Resins Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Petroleum Resins Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Petroleum Resins Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Petroleum Resins Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Petroleum Resins Market Structure
In 2023, the global petroleum resins market attained a value of nearly USD 4.60 billion.
The market is assessed to grow at a CAGR of 5.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 7.73 billion by 2032.
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.
The global petroleum resins market attained a value of nearly USD 4.60 billion in 2023, 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 2024-2032, growing at a CAGR of 5.90%. The market is estimated to reach about USD 7.73 billion by 2032.
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.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.