Market Overview:
The global rubber grade petroleum resin 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 rubber grade petroleum resin from various applications, such as natural rubber and synthetic rubber. In terms of type, the C5 petroleum resin segment is expected to hold a major share of the market during the forecast period, owing to its properties such as high solubility in aromatic hydrocarbons and good compatibility with other resins. In terms of region, Asia Pacific is expected to be a key contributor to the growth of this market during the forecast period.
Product Definition:
A rubber grade petroleum resin is a type of synthetic resin that is used in the manufacture of rubber products. It is a high-quality, heat-resistant resin that helps to improve the properties of rubber products, such as strength and flexibility. Rubber grade petroleum resins are also used to reduce the amount of time it takes for rubber to cure.
C5 Petroleum Resin:
C5 petroleum resin is a type of hydrocarbon-based polymer that is manufactured from the catalytic polymerization of ethylene and propylene. It has properties such as high molecular weight, low density, and high heat resistance which make it suitable for use in various end-use industries including automotive & transportation, construction materials (pipes & tubes), footwear manufacturing, adhesives/sealants and coatings.
C9 Petroleum Resin:
C9 petroleum resin is a form of synthetic rubber. It is also known as SBR or styrene-butadiene-styrene. C9PR has properties similar to that of natural rubber (NR), but with improved dimensional stability and lower moisture sensitivity.
Application Insights:
Natural rubber is the major application segment and accounted for over 70.0% of total market volume in 2017. Increasing demand for natural rubber owing to its versatility, high performance, low cost and ease of processing are expected to drive the product demand in this application segment over the forecast period.
Synthetic rubber is anticipated to witness significant growth on account of increasing use as a replacement for natural Rubber due to properties such as higher strength & durability with better performance characteristics than Natural Rubber does. The global petroleum resin industry has witnessed an upsurge in production capacity along with rising need across various end-use industries which includes automotive, construction and packaging sectors globally thereby driving overall product consumption towards 2020s decade.
Regional Analysis:
Asia Pacific was the largest market in 2016 and accounted for a revenue share of over 45%. The region is expected to continue its dominance over the forecast period owing to high product demand from various application industries. China, India, Japan, and South Korea are some of the major consumers in this region. Increasing population coupled with rising living standards have spurred natural rubber consumption in this region.
The Asia Pacific was followed by North America which accounted for a revenue share of 24% in 2016 on account of increasing product demand from tire manufacturing industry.
Growth Factors:
- Increasing demand for rubber grade petroleum resin from the automotive industry as a result of increasing production of passenger cars and commercial vehicles.
- Rising demand for rubber grade petroleum resin in the construction industry due to growth in infrastructure development activities across the globe.
- Growing use of rubber grade petroleum resin in manufacturing tires owing to its properties such as high resistance to abrasion and good adhesion between tire tread and carcass.
- Increasing application scope of rubber grade petroleum resin in manufacturing hoses, belts, and other industrial products due to its excellent physical and chemical properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rubber Grade Petroleum Resin Market Research Report
By Type
C5 Petroleum Resin, C9 Petroleum Resin, C5/C9 Petroleum Resin
By Application
Natural Rubber, Synthetic Rubber
By Companies
ExxonMobil, Eastman, TOTAL(Cray Valley), ZEON, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Puyang Changyu, Henan G&D, Jinhai Chengguang, Shandong Huike Petrochemical
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Rubber Grade Petroleum Resin Market Report Segments:
The global Rubber Grade Petroleum Resin market is segmented on the basis of:
Types
C5 Petroleum Resin, C9 Petroleum Resin, C5/C9 Petroleum Resin
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
Natural Rubber, Synthetic Rubber
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:
- ExxonMobil
- Eastman
- TOTAL(Cray Valley)
- ZEON
- Neville
- Shangdong Qilong
- Zibo Luhua
- Zhejiang Henghe
- Puyang Changyu
- Henan G&D
- Jinhai Chengguang
- Shandong Huike Petrochemical
Highlights of The Rubber Grade Petroleum Resin 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:
- C5 Petroleum Resin
- C9 Petroleum Resin
- C5/C9 Petroleum Resin
- By Application:
- Natural Rubber
- Synthetic Rubber
- 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 Rubber Grade Petroleum Resin 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
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- Consumer Insights
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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?
Rubber grade petroleum resin is a type of petroleum-based adhesive that is used to make rubber products. It is made from crude oil and has a low viscosity, which makes it easy to apply.
Some of the key players operating in the rubber grade petroleum resin market are ExxonMobil, Eastman, TOTAL(Cray Valley), ZEON, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Puyang Changyu, Henan G&D, Jinhai Chengguang, Shandong Huike Petrochemical.
The rubber grade petroleum resin 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 Rubber Grade Petroleum Resin 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 Rubber Grade Petroleum Resin Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rubber Grade Petroleum Resin 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 Rubber Grade Petroleum Resin 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 Rubber Grade Petroleum Resin Market Size & Forecast, 2020-2028 4.5.1 Rubber Grade Petroleum Resin Market Size and Y-o-Y Growth 4.5.2 Rubber Grade Petroleum Resin Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 C5 Petroleum Resin
5.2.2 C9 Petroleum Resin
5.2.3 C5/C9 Petroleum Resin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Natural Rubber
6.2.2 Synthetic Rubber
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rubber Grade Petroleum Resin 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 Rubber Grade Petroleum Resin 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 C5 Petroleum Resin
9.6.2 C9 Petroleum Resin
9.6.3 C5/C9 Petroleum Resin
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 Market Size Forecast by Applications
9.10.1 Natural Rubber
9.10.2 Synthetic Rubber
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 C5 Petroleum Resin
10.6.2 C9 Petroleum Resin
10.6.3 C5/C9 Petroleum Resin
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 Market Size Forecast by Applications
10.10.1 Natural Rubber
10.10.2 Synthetic Rubber
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 C5 Petroleum Resin
11.6.2 C9 Petroleum Resin
11.6.3 C5/C9 Petroleum Resin
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 Market Size Forecast by Applications
11.10.1 Natural Rubber
11.10.2 Synthetic Rubber
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 C5 Petroleum Resin
12.6.2 C9 Petroleum Resin
12.6.3 C5/C9 Petroleum Resin
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 Market Size Forecast by Applications
12.10.1 Natural Rubber
12.10.2 Synthetic Rubber
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 C5 Petroleum Resin
13.6.2 C9 Petroleum Resin
13.6.3 C5/C9 Petroleum Resin
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) Market Size Forecast by Applications
13.10.1 Natural Rubber
13.10.2 Synthetic Rubber
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 Rubber Grade Petroleum Resin Market: Competitive Dashboard
14.2 Global Rubber Grade Petroleum Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ExxonMobil
14.3.2 Eastman
14.3.3 TOTAL(Cray Valley)
14.3.4 ZEON
14.3.5 Neville
14.3.6 Shangdong Qilong
14.3.7 Zibo Luhua
14.3.8 Zhejiang Henghe
14.3.9 Puyang Changyu
14.3.10 Henan G&D
14.3.11 Jinhai Chengguang
14.3.12 Shandong Huike Petrochemical