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Report
Petroleum Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 138 Pages I IMARC Group
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 4.7% during 2022-2028.
Petroleum resins are low molecular weighted thermoplastic hydrocarbons that are derived from cracked petroleum fractions. They are produced by polymerizing mixtures of unsaturated monomers such as olefins, diolefins, and aromatic vinyl compounds, which are the by-products of cracking natural gas liquids, gas oil, and petroleum naphtha. Petroleum resins can be found in the form of powder, flakes, solid blocs, solutions, beads, crushed nuggets, and dispersion. They find application in paints and varnishes, coatings, paper, adhesives, concrete-curing compounds, rubber, printing inks, and lithographic inks.
Petroleum Resins Market Trends:
The global petroleum resins market is primarily driven by their growing demand for manufacturing paints, sealants, personal hygiene products, tire, automotive, packaging tapes, and building and construction materials. Petroleum resins offer improved adhesive bond strength and resistance to acids, alkalis and water. In addition to this, they are also employed due to their exceptional thermal stability, peeling strength, tack ability, and high softening point. Governments worldwide are adopting stringent regulations regarding volatile organic compound (VOCs) emissions from vehicle coatings, which, in turn, is facilitating the demand for petroleum resins with low VOCs. In countries such as the United States, India, Germany, and China, governments are increasing their spending in the packaging sector, which is also propelling the market growth. They are also imposing policies and measures to augment the production of vehicles, which is increasing the demand for petroleum resins. Furthermore, the development of advanced process technologies to increase the output of resins is positively impacting the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global petroleum resins market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and end use.
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
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Henan Anglxxon Chemical Products Co., Ltd., Idemitsu Kosan, KOLON Industries Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Changyu Petroleum Resins Co. Ltd., Seacon Corporation, TotalEnergies Group and Zeon Corporation.
Key Questions Answered in This Report:
How has the global petroleum resins market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global petroleum resins market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global petroleum resins market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Petroleum Resins Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1C5 Resins
6.1.1 Market Trends
6.1.2 Market Forecast
6.2C9 Resins
6.2.1 Market Trends
6.2.2 Market Forecast
6.3C5/C9 Resins
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Hydrogenated Resins
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1Paints
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Adhesives
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Printing Inks
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Rubber and Tires
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Tapes and Labels
7.5.1 Market Trends
7.5.2 Market Forecast
7.6Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End Use
8.1Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Packaging
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Consumer Goods
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Personal Hygiene
8.5.1 Market Trends
8.5.2 Market Forecast
8.6Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Arakawa Chemical Industries Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2Eastman Chemical Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3Exxon Mobil Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4Henan Anglxxon Chemical Products Co., Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5Idemitsu Kosan
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6KOLON Industries Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7Lesco Chemical Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8Neville Chemical Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9Puyang Changyu Petroleum Resins Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10Seacon Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11TotalEnergies Group
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12Zeon Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
Figure 1: Global: Petroleum Resins Market: Major Drivers and Challenges
Figure 2: Global: Petroleum Resins Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Petroleum Resins Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Petroleum Resins Market: Breakup by Product (in %), 2022
Figure 5: Global: Petroleum Resins Market: Breakup by Application (in %), 2022
Figure 6: Global: Petroleum Resins Market: Breakup by End Use (in %), 2022
Figure 7: Global: Petroleum Resins Market: Breakup by Region (in %), 2022
Figure 8: Global: Petroleum Resins (C5 Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Petroleum Resins (C5 Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Petroleum Resins (C9 Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Petroleum Resins (C9 Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Petroleum Resins (C5/C9 Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Petroleum Resins (C5/C9 Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Petroleum Resins (Hydrogenated Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Petroleum Resins (Hydrogenated Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Petroleum Resins (Paints) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Petroleum Resins (Paints) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Petroleum Resins (Adhesives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Petroleum Resins (Adhesives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Petroleum Resins (Printing Inks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Petroleum Resins (Printing Inks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Petroleum Resins (Rubber and Tires) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Petroleum Resins (Rubber and Tires) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Petroleum Resins (Tapes and Labels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Petroleum Resins (Tapes and Labels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Petroleum Resins (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Petroleum Resins (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Petroleum Resins (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Petroleum Resins (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Petroleum Resins (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Petroleum Resins (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Petroleum Resins (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Petroleum Resins (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Petroleum Resins (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Petroleum Resins (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Petroleum Resins (Personal Hygiene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Petroleum Resins (Personal Hygiene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Petroleum Resins (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Petroleum Resins (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Petroleum Resins Market: Breakup by Country (in %), 2022
Figure 88: Middle East and Africa: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Petroleum Resins Industry: SWOT Analysis
Figure 90: Global: Petroleum Resins Industry: Value Chain Analysis
Figure 91: Global: Petroleum Resins Industry: Porter's Five Forces Analysis
Table 1: Global: Petroleum Resins Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Petroleum Resins Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Petroleum Resins Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Petroleum Resins Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Petroleum Resins Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Petroleum Resins Market: Competitive Structure
Table 7: Global: Petroleum Resins Market: Key Players
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