Market Overview:
The global aromatic hydrocarbon resins market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for paints, rubber, adhesive & sealant, printing ink and other applications from various end-use industries. Asia Pacific is expected to be the fastest growing region in the global aromatic hydrocarbon resins market during the forecast period.
Product Definition:
Aromatic hydrocarbon resins are a class of synthetic resin that is derived from aromatic hydrocarbons. These resins are used in adhesives, sealants, and coatings. They are important because they provide high-quality performance properties such as flexibility, toughness, and chemical resistance.
Thermal Polymerization Method:
The thermal polymerization method is used to produce high-performance thermoplastics by using heat as a catalyst. The process takes place at temperatures greater than 200OC and less than 300OC. This method is majorly used for producing polyether ketone (PEEK) and polyphenylene sulfide (PPS).
Catalytic Polymerization Method:
The catalytic polymerization method is used to produce high-purity aromatic hydrocarbon resins by using a catalyst. The most commonly used catalysts are platinum, rhodium, palladium and iridium on silica support. This method provides several advantages over the conventional thermal or oxidative methods for producing aromatics; it produces higher yields with lower feedstock wastage and offers economic viability in terms of cost of final product.
Application Insights:
Paints and coatings application segment led the global aromatic hydrocarbon resins market in 2017, accounting for over 35% of the overall revenue share. Rising infrastructure activities across various regions, including Asia Pacific and Middle East & Africa are expected to boost product demand in this application segment. Furthermore, increasing infrastructural development activities in emerging economies such as India is likely to positively impact product consumption for paint applications from 2018 to 2030.
Aromatic hydrocarbon resins are used as a binder resin for paints & coatings industry which helps improve adhesion between different substrates such as metal, concrete and plastic surfaces among others.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to availability of low-cost labor, raw materials, and land. China emerged as a global hub for aromatics due to easy availability of feedstock from crude oil refineries in that country.
North America accounted for more than 20% revenue share in 2017 on account of growing demand from end-use industries such as printing ink, rubber, adhesives & sealants and paints & coatings. The U.S.
Growth Factors:
- Increasing demand for adhesives and sealants in the automotive industry
- Growing construction and infrastructure activities worldwide
- Rising demand from the electrical & electronics industry
- Rapid growth of the packaging industry
- Increasing use of AHRs in composites
Scope Of The Report
Report Attributes
Report Details
Report Title
Aromatic Hydrocarbon Resins Market Research Report
By Type
Thermal Polymerization Method, Catalytic Polymerization Method, Others
By Application
Paint, Rubber, Adhesive & Sealant, Printing Ink, Others
By Companies
Formosan Union Chemical Corp., Resinall Corp, Shandong Qilong, Zhejiang Henghe, Total, Puyang Changyu, Henan G&D, Guangdong Xinhuayue, Daqing Huake, Shandong Kete Chemical, Formosan Union Chemical Corp.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Aromatic Hydrocarbon Resins Market Report Segments:
The global Aromatic Hydrocarbon Resins market is segmented on the basis of:
Types
Thermal Polymerization Method, Catalytic Polymerization Method, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paint, Rubber, Adhesive & Sealant, Printing Ink, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Formosan Union Chemical Corp.
- Resinall Corp
- Shandong Qilong
- Zhejiang Henghe
- Total
- Puyang Changyu
- Henan G&D
- Guangdong Xinhuayue
- Daqing Huake
- Shandong Kete Chemical
- Formosan Union Chemical Corp.
Highlights of The Aromatic Hydrocarbon Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermal Polymerization Method
- Catalytic Polymerization Method
- Others
- By Application:
- Paint
- Rubber
- Adhesive & Sealant
- Printing Ink
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aromatic Hydrocarbon Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aromatic hydrocarbon resins are a type of resin that is made from aromatic hydrocarbons. These resins are used to create products that have a strong smell and often a sweet or fruity flavor.
Some of the key players operating in the aromatic hydrocarbon resins market are Formosan Union Chemical Corp., Resinall Corp, Shandong Qilong, Zhejiang Henghe, Total, Puyang Changyu, Henan G&D, Guangdong Xinhuayue, Daqing Huake, Shandong Kete Chemical, Formosan Union Chemical Corp..
The aromatic hydrocarbon resins market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aromatic Hydrocarbon Resins Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Aromatic Hydrocarbon Resins Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Aromatic Hydrocarbon Resins Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Aromatic Hydrocarbon Resins Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Aromatic Hydrocarbon Resins Market Size & Forecast, 2018-2028 4.5.1 Aromatic Hydrocarbon Resins Market Size and Y-o-Y Growth 4.5.2 Aromatic Hydrocarbon Resins Market Absolute $ Opportunity
Chapter 5 Global Aromatic Hydrocarbon Resins Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aromatic Hydrocarbon Resins Market Size Forecast by Type
5.2.1 Thermal Polymerization Method
5.2.2 Catalytic Polymerization Method
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aromatic Hydrocarbon Resins Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aromatic Hydrocarbon Resins Market Size Forecast by Applications
6.2.1 Paint
6.2.2 Rubber
6.2.3 Adhesive & Sealant
6.2.4 Printing Ink
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aromatic Hydrocarbon Resins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aromatic Hydrocarbon Resins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aromatic Hydrocarbon Resins Analysis and Forecast
9.1 Introduction
9.2 North America Aromatic Hydrocarbon Resins Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aromatic Hydrocarbon Resins Market Size Forecast by Type
9.6.1 Thermal Polymerization Method
9.6.2 Catalytic Polymerization Method
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aromatic Hydrocarbon Resins Market Size Forecast by Applications
9.10.1 Paint
9.10.2 Rubber
9.10.3 Adhesive & Sealant
9.10.4 Printing Ink
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aromatic Hydrocarbon Resins Analysis and Forecast
10.1 Introduction
10.2 Europe Aromatic Hydrocarbon Resins Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aromatic Hydrocarbon Resins Market Size Forecast by Type
10.6.1 Thermal Polymerization Method
10.6.2 Catalytic Polymerization Method
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aromatic Hydrocarbon Resins Market Size Forecast by Applications
10.10.1 Paint
10.10.2 Rubber
10.10.3 Adhesive & Sealant
10.10.4 Printing Ink
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aromatic Hydrocarbon Resins Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aromatic Hydrocarbon Resins Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aromatic Hydrocarbon Resins Market Size Forecast by Type
11.6.1 Thermal Polymerization Method
11.6.2 Catalytic Polymerization Method
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aromatic Hydrocarbon Resins Market Size Forecast by Applications
11.10.1 Paint
11.10.2 Rubber
11.10.3 Adhesive & Sealant
11.10.4 Printing Ink
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aromatic Hydrocarbon Resins Analysis and Forecast
12.1 Introduction
12.2 Latin America Aromatic Hydrocarbon Resins Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aromatic Hydrocarbon Resins Market Size Forecast by Type
12.6.1 Thermal Polymerization Method
12.6.2 Catalytic Polymerization Method
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aromatic Hydrocarbon Resins Market Size Forecast by Applications
12.10.1 Paint
12.10.2 Rubber
12.10.3 Adhesive & Sealant
12.10.4 Printing Ink
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aromatic Hydrocarbon Resins Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aromatic Hydrocarbon Resins Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aromatic Hydrocarbon Resins Market Size Forecast by Type
13.6.1 Thermal Polymerization Method
13.6.2 Catalytic Polymerization Method
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aromatic Hydrocarbon Resins Market Size Forecast by Applications
13.10.1 Paint
13.10.2 Rubber
13.10.3 Adhesive & Sealant
13.10.4 Printing Ink
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aromatic Hydrocarbon Resins Market: Competitive Dashboard
14.2 Global Aromatic Hydrocarbon Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Formosan Union Chemical Corp.
14.3.2 Resinall Corp
14.3.3 Shandong Qilong
14.3.4 Zhejiang Henghe
14.3.5 Total
14.3.6 Puyang Changyu
14.3.7 Henan G&D
14.3.8 Guangdong Xinhuayue
14.3.9 Daqing Huake
14.3.10 Shandong Kete Chemical
14.3.11 Formosan Union Chemical Corp.