Market Overview:
The global hyrdocarbon resin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hyrdocarbon resins from various applications, such as rubber mixing aids, paint and ink additives, asphalt additives, and other applications. In terms of type, the C5 aliphatic resins segment is projected to lead the global hyrdocarbon resin market during the forecast period. This can be attributed to its properties such as high reactivity, low viscosity, and good solubility in most organic solvents. In terms of region, Asia Pacific is projected to lead the global hyrdocarbon resin market during the forecast period.
Product Definition:
A hyrdocarbon resin is a synthetic polymer that is derived from the reaction of an epoxide and a dihydric alcohol. These resins are important because they are used to make polyester fibers and plastics.
C5 Aliphatic Resins:
C5 aliphatic resins are the most important raw material for manufacturing hyrocarbon resins. C5 aromatic hydrocarbon isomer also known as ethylbenzene, which is a colorless liquid that has a mild pleasant odor. It is produced on an industrial scale in several countries such as China, India, Saudi Arabia and Japan by the catalytic cracking of benzene.
C9 Aromatic Resins:
C9 aromatic resins are the most widely used hydrocarbon resin in the global market. C9 aromatic resins have a wide range of applications such as adhesives, sealants, coatings and inks, plastics processing aids among others. The increasing demand for plastic products coupled with growing construction industry is expected to drive C9 Aromatic Resin consumption over the forecast period.
Application Insights:
The global market is segmented by application into rubber mixing aids, paint and ink additives, asphalt additives, and others. Rubber mixing aids were the largest application segment in 2017. The product is widely used as a processing aid for natural or synthetic rubber in various end-use industries such as tire manufacturing or non-tire manufacturing.
Paint and ink additives are anticipated to be the fastest growing segment over the forecast period owing to increasing demand for eco-friendly products with enhanced performance characteristics from both consumers and producers of paints and inks worldwide. In addition, stringent government regulations on reducing greenhouse gas emissions are likely to boost product demand during this period of time due to its low VOC content compared with other petroleum derived products such as butadiene resins or styrene acrylates/ methacrylates which have been traditionally used for similar purposes.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Rapid industrialization coupled with increasing per capita income has resulted in a growing number of end-use industries across Asia Pacific. This trend is projected to continue over the coming years which will further propel product demand from 2018 to 2030.
The Asia Pacific was followed by Europe which accounted for a share of 22% in terms of volume consumed globally in 2017 owing to high demand from numerous end-use industries across Germany, France.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing automotive industry in developing countries
- Rising demand for composites in construction and infrastructure industries
- Increasing use of hyrdocarbon resins in electrical & electronics applications
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Hyrdocarbon Resin Market Research Report
By Type
C5 Aliphatic Resins, C9 Aromatic Resins, Other
By Application
Rubber Mixing Aids, Paint and Ink Additives, Asphalt Additives, Other
By Companies
BASF SE, The DOW Chemical Company, Eastman Chemical Company, ExxonMobil Corporation, Total CrayValley, Kolon Industries, Arakawa Chemical Industries Limited, Lesco Chemical Limited, Puyang Ruisen Petroleum Resins Co., Ltd., Zeon Corporation
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Hyrdocarbon Resin Market Report Segments:
The global Hyrdocarbon Resin market is segmented on the basis of:
Types
C5 Aliphatic Resins, C9 Aromatic Resins, Other
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
Rubber Mixing Aids, Paint and Ink Additives, Asphalt Additives, Other
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:
- BASF SE
- The DOW Chemical Company
- Eastman Chemical Company
- ExxonMobil Corporation
- Total CrayValley
- Kolon Industries
- Arakawa Chemical Industries Limited
- Lesco Chemical Limited
- Puyang Ruisen Petroleum Resins Co., Ltd.
- Zeon Corporation
Highlights of The Hyrdocarbon 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 Aliphatic Resins
- C9 Aromatic Resins
- Other
- By Application:
- Rubber Mixing Aids
- Paint and Ink Additives
- Asphalt Additives
- Other
- 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 Hyrdocarbon 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
- 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?
Hyrdocarbon resin is a type of thermoplastic that is made from carbon and hydrogen. It has the ability to resist high temperatures and can be used in a variety of applications, including automotive parts, medical devices, and aerospace components.
Some of the major companies in the hyrdocarbon resin market are BASF SE, The DOW Chemical Company, Eastman Chemical Company, ExxonMobil Corporation, Total CrayValley, Kolon Industries, Arakawa Chemical Industries Limited, Lesco Chemical Limited, Puyang Ruisen Petroleum Resins Co., Ltd., Zeon Corporation.
The hyrdocarbon resin market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hyrdocarbon Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hyrdocarbon Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hyrdocarbon Resin Market - Supply Chain
4.5. Global Hyrdocarbon Resin Market Forecast
4.5.1. Hyrdocarbon Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hyrdocarbon Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hyrdocarbon Resin Market Absolute $ Opportunity
5. Global Hyrdocarbon Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hyrdocarbon Resin Market Size and Volume Forecast by Type
5.3.1. C5 Aliphatic Resins
5.3.2. C9 Aromatic Resins
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hyrdocarbon Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hyrdocarbon Resin Market Size and Volume Forecast by Application
6.3.1. Rubber Mixing Aids
6.3.2. Paint and Ink Additives
6.3.3. Asphalt Additives
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hyrdocarbon Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hyrdocarbon Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hyrdocarbon Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hyrdocarbon Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hyrdocarbon Resin Demand Share Forecast, 2019-2026
9. North America Hyrdocarbon Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hyrdocarbon Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hyrdocarbon Resin Market Size and Volume Forecast by Application
9.4.1. Rubber Mixing Aids
9.4.2. Paint and Ink Additives
9.4.3. Asphalt Additives
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hyrdocarbon Resin Market Size and Volume Forecast by Type
9.7.1. C5 Aliphatic Resins
9.7.2. C9 Aromatic Resins
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hyrdocarbon Resin Demand Share Forecast, 2019-2026
10. Latin America Hyrdocarbon Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hyrdocarbon Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hyrdocarbon Resin Market Size and Volume Forecast by Application
10.4.1. Rubber Mixing Aids
10.4.2. Paint and Ink Additives
10.4.3. Asphalt Additives
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hyrdocarbon Resin Market Size and Volume Forecast by Type
10.7.1. C5 Aliphatic Resins
10.7.2. C9 Aromatic Resins
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hyrdocarbon Resin Demand Share Forecast, 2019-2026
11. Europe Hyrdocarbon Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hyrdocarbon Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hyrdocarbon Resin Market Size and Volume Forecast by Application
11.4.1. Rubber Mixing Aids
11.4.2. Paint and Ink Additives
11.4.3. Asphalt Additives
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hyrdocarbon Resin Market Size and Volume Forecast by Type
11.7.1. C5 Aliphatic Resins
11.7.2. C9 Aromatic Resins
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hyrdocarbon Resin Demand Share, 2019-2026
12. Asia Pacific Hyrdocarbon Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hyrdocarbon Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hyrdocarbon Resin Market Size and Volume Forecast by Application
12.4.1. Rubber Mixing Aids
12.4.2. Paint and Ink Additives
12.4.3. Asphalt Additives
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hyrdocarbon Resin Market Size and Volume Forecast by Type
12.7.1. C5 Aliphatic Resins
12.7.2. C9 Aromatic Resins
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hyrdocarbon Resin Demand Share, 2019-2026
13. Middle East & Africa Hyrdocarbon Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hyrdocarbon Resin Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hyrdocarbon Resin Market Size and Volume Forecast by Application
13.4.1. Rubber Mixing Aids
13.4.2. Paint and Ink Additives
13.4.3. Asphalt Additives
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hyrdocarbon Resin Market Size and Volume Forecast by Type
13.7.1. C5 Aliphatic Resins
13.7.2. C9 Aromatic Resins
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hyrdocarbon Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hyrdocarbon Resin Market: Market Share Analysis
14.2. Hyrdocarbon Resin Distributors and Customers
14.3. Hyrdocarbon Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The DOW Chemical Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eastman Chemical Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ExxonMobil Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total CrayValley
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kolon Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Arakawa Chemical Industries Limited
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lesco Chemical Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Puyang Ruisen Petroleum Resins Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zeon Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
