According to the latest report by IMARC Group, titled “Petroleum Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global petroleum resins market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027.

Market Outlook: 

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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Market Trends: 

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.

Based on Product:

• C5 resins
• C9 resins
• C5/C9 resins
• Hydrogenated resins

Based on Application:

• Paints
• Adhesives
• Printing inks
• Rubber and tires
• Tapes and labels
• Others

Based on 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

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Key highlights of the report:               

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• 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.

About Us                                    

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.

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