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PUBLISHER: IMARC | PRODUCT CODE: 1379009
PUBLISHER: IMARC | PRODUCT CODE: 1379009
Petroleum Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
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?
Product Code: SR112023A3873
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Petroleum Resins Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 C5 Resins
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 C9 Resins
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 C5/C9 Resins
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Hydrogenated Resins
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Paints
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Adhesives
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Printing Inks
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Rubber and Tires
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Tapes and Labels
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Construction
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Packaging
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Consumer Goods
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Personal Hygiene
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North 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
- 9.1.1 United States
- 9.2 Asia-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
- 9.2.1 China
- 9.3 Europe
- 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
- 9.3.1 Germany
- 9.4 Latin 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
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Arakawa Chemical Industries Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Eastman 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
- 14.3.3 Exxon 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
- 14.3.4 Henan Anglxxon Chemical Products Co., Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Idemitsu Kosan
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 KOLON 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
- 14.3.7 Lesco Chemical Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Neville Chemical Company
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Puyang Changyu Petroleum Resins Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Seacon Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 TotalEnergies Group
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Zeon Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 Arakawa Chemical Industries Ltd.
Product Code: SR112023A3873
List of Figures
- 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
List of Tables
- 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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