Petroleum Resins Market by Type, Application, End-Use Industry and by Region
The global petroleum resins market is estimated to reach USD 2.58 Billion by 2021, at a CAGR of 7.7%. The market is segmented by application, such as adhesives & sealants, printing inks, paints & coatings, rubber compounding, tapes & labels, and others applications; by type that includes C5 petroleum resins, C9 petroleum resins, hydrogenated hydrocarbon resins, and C5/C9 petroleum resins; by end-use industry such as building & construction, tire industry, personal hygiene, consumer goods, automotive, and others; by region, namely, North America, Middle East & Africa, Latin America, Asia-Pacific, and Europe.
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Key Target Audience:
- Manufacturers of petroleum resins
- Traders, distributors, and suppliers of petroleum resins
- Regional manufacturers’ associations and general petroleum resins’ associations
- Government and regional agencies and research organizations
- Investment research firms
On the basis of Application:
- Adhesives & Sealants
- Printing Inks
- Paints & Coatings
- Rubber Compounding
- Tapes & Labels
- Detailed analysis and profiling of additional market players.
The petroleum resins market is estimated to reach USD 2.58 Billion by 2021, at a CAGR of 7.7%. The petroleum resins market is growing because of growth in end-use industries such as automotive, building & construction, personal hygiene, and tire. Petroleum resins are used to provide chemical resistance, adhesion,and pressure resistance properties in these industries.
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Key Market Players –
Total CrayValley (U.S.), Exxon Mobil Corporation (U.S.), and Eastman Chemical Company (U.S.) are the leading companies that have an excellent foothold in the U.S. These companies are expected to account for a significant market share in the near future. Entering related industries and targeting new markets will enable the petroleum resins manufacturers to overcome the effects of a volatile economy, leading to diversified business portfolio and increase in the revenue. Other major manufacturers of petroleum resins are Kolon Industries, Inc. (South Korea), Arakawa Chemical Industries Limited (Japan), Lesco Chemical Limited (China), Puyang Ruisen Petroleum Resins Co., Ltd. (China), Zeon Corporation (Japan), Innova (Tianjin) Chemical Co., Limited (The Netherlands), Shandong Landun Petroleum Resin Co., Ltd. (China), Puyang Tiacheng Chemical Co., Ltd. (China), and Shanghai Jinsen Hydrocarbon Resins Co., Limited (China).