The global demand for Hydrocarbon Resins Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Hydrocarbon resins are glass-like oligomers prepared by the polymerization of petroleum hydrocarbons, such as aliphatic, aromatic, and dicyclopentadiene. These hydrocarbon resins are further hydrogenated to enhance color, odor, stability, and modify compatibility. Hydrocarbon resins are featured by their tack retention, excellent binding properties, high resistance to moisture, UV stability, good compatibility and solubility. Significant hydrocarbon application resins are PSA tapes, hot melts, and labels. They are also employed as tackifiers, performance modifiers, and homogenizing agents. They are also extensively used in the manufacture of coatings, rubbers, printing inks, and adhesives.
Market Dynamics
An increase in urbanization and industrial activities, favorable demographics, and rises in household incomes in numerous developing and developed countries are predicted to fuel demand for hydrocarbon resins. Hydrocarbon resins are used worldwide in adhesives for the construction of buildings and manufacturing of paints and coatings. Hydrocarbon resins are added to paints as they increase the final finishes of paints, the adhesiveness of paint films, and the hardness and resistance to acid and alkaline elements. Thus, growth in hydrocarbon resins in paints and coatings is expected to boost the global hydrocarbon resins market during the forecast period. Companies are expanding production facilities to meet flourishing global demand. The Asia Pacific to remain a dominant shareholder. However, growing initiatives towards environmental sustainability are projected to hamper the overall growth of the hydrocarbon resins market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hydrocarbon resins. The growth and trends of Hydrocarbon Resins Industry provide a holistic approach to this study.
Market Segmentation
This section of the hydrocarbon resins market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- C5 Petroleum Resins
- C9 Petroleum Resins
- C5/C9 Petroleum Resins
- Hydrogenated Hydrocarbon Resins
By Application
- Adhesives & Sealants
- Printing Inks
- Rubber Compounding
- Paints & Coatings
- Tapes & Labels
- Others
By End User
- Building & Construction
- Personal Hygiene
- Tires
- Automotive
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Hydrocarbon Resins market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Hydrocarbon Resins Market Share by Region (Representative Graph)
Know more about this report: Download free sample
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hydrocarbon resins market include Eastman Chemical Company, ExxonMobil Corporation, Shandong Landun Petroleum Resin Co., Ltd., Puyang Tiacheng Chemical Co., Ltd. and Shanghai Jinsen Hydrocarbon Resins Co., Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.