The global petroleum resin market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of the market is attributed to the increasing demand for petroleum resins in various applications such as paint, rubber, adhesive & sealant, and printing ink. The demand for these products is expected to increase due to their properties such as high heat resistance and low volatility which make them suitable for use in various industries such as automotive and construction sectors.
The global C5 petroleum resin market size was valued at USD 1.1 billion in 2018 and is projected to grow at a CAGR of 3% during the forecast period (2019-2030). The growth of this segment can be attributed to its use in paints due its high heat resistance property which makes it suitable for use in various industries such as automotive and construction sectors.
The global C9 petroleum resin market size was valued at USD 0.8 billion in 2018 and is projected to grow at a CAGR of 2% during the forecast period (2019-2030). This segment has been witnessing an increased demand from end users owing its low volatility property which makes it suitable for use in various industries such as automotive sector where there are stringent emission norms imposed on vehicles by governments across different regions globally.
Some Of The Growth Factors Of This Market:
- The growth in the demand for petroleum resin can be attributed to its use in various industries such as construction, automotive, and packaging.
- Petroleum resins are used as binders in paints and coatings, adhesives and sealants, plastics and rubber products, paper products, textile printing ink and textile finishing agents among others.
- The increasing population coupled with the growing disposable income will drive the demand for petroleum resins.
- Increasing industrialization will also lead to an increase in the demand for petroleum resins.
Industry Growth Insights published a new data on “Petroleum Resin Market”. The research report is titled “Petroleum Resin Market research by Types (C5 Petroleum Resin, C9 Petroleum Resin, C5/C9 Petroleum Resin, Modified Petroleum Resin, Others), By Applications (Paint, Rubber, Adhesive & Sealant, Printing Ink, Others), By Players/Companies ExxonMobil, Eastman, Kolon, TOTAL(Cray Valley), ZEON, Formosan Union, Mitsui Chemicals, Arakawa Chemical, RÃœTGERS Group, Resinall, Idemitsu, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Jinlin Fuyuan, Puyang Changyu, Henan G&D, Guangdong Xinhuayue, Fuxun Huaxing, Daqing Huake, Shanghai Jinsen, Lanzhou Xinlan, Kete, Jinhai Chengguang”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum Resin Market Research Report
By Type
C5 Petroleum Resin, C9 Petroleum Resin, C5/C9 Petroleum Resin, Modified Petroleum Resin, Others
By Application
Paint, Rubber, Adhesive & Sealant, Printing Ink, Others
By Companies
ExxonMobil, Eastman, Kolon, TOTAL(Cray Valley), ZEON, Formosan Union, Mitsui Chemicals, Arakawa Chemical, RÃœTGERS Group, Resinall, Idemitsu, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Jinlin Fuyuan, Puyang Changyu, Henan G&D, Guangdong Xinhuayue, Fuxun Huaxing, Daqing Huake, Shanghai Jinsen, Lanzhou Xinlan, Kete, Jinhai Chengguang
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum Resin Market Report Segments:
The global Petroleum Resin market is segmented on the basis of:
Types
C5 Petroleum Resin, C9 Petroleum Resin, C5/C9 Petroleum Resin, Modified Petroleum Resin, 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:
- ExxonMobil
- Eastman
- Kolon
- TOTAL(Cray Valley)
- ZEON
- Formosan Union
- Mitsui Chemicals
- Arakawa Chemical
- RÃœTGERS Group
- Resinall
- Idemitsu
- Neville
- Shangdong Qilong
- Zibo Luhua
- Zhejiang Henghe
- Jinlin Fuyuan
- Puyang Changyu
- Henan G&D
- Guangdong Xinhuayue
- Fuxun Huaxing
- Daqing Huake
- Shanghai Jinsen
- Lanzhou Xinlan
- Kete
- Jinhai Chengguang
Highlights of The 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
- Modified Petroleum Resin
- 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 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.
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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?
Petroleum resin is a type of oil that is derived from crude oil. It is a thick, sticky substance that can be used in products such as paints, adhesives, and sealants.
Some of the key players operating in the petroleum resin market are ExxonMobil, Eastman, Kolon, TOTAL(Cray Valley), ZEON, Formosan Union, Mitsui Chemicals, Arakawa Chemical, RƒÅ“TGERS Group, Resinall, Idemitsu, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Jinlin Fuyuan, Puyang Changyu, Henan G&D, Guangdong Xinhuayue, Fuxun Huaxing, Daqing Huake, Shanghai Jinsen, Lanzhou Xinlan, Kete, Jinhai Chengguang.
The petroleum resin market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Petroleum 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. Petroleum Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Petroleum Resin Market - Supply Chain
4.5. Global Petroleum Resin Market Forecast
4.5.1. Petroleum Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Petroleum Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Petroleum Resin Market Absolute $ Opportunity
5. Global Petroleum 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. Petroleum Resin Market Size and Volume Forecast by Type
5.3.1. C5 Petroleum Resin
5.3.2. C9 Petroleum Resin
5.3.3. C5/C9 Petroleum Resin
5.3.4. Modified Petroleum Resin
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Petroleum 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. Petroleum Resin Market Size and Volume Forecast by Application
6.3.1. Paint
6.3.2. Rubber
6.3.3. Adhesive & Sealant
6.3.4. Printing Ink
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Petroleum 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. Petroleum 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 Petroleum 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. Petroleum 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 Petroleum Resin Demand Share Forecast, 2019-2026
9. North America Petroleum 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 Petroleum 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 Petroleum Resin Market Size and Volume Forecast by Application
9.4.1. Paint
9.4.2. Rubber
9.4.3. Adhesive & Sealant
9.4.4. Printing Ink
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Petroleum Resin Market Size and Volume Forecast by Type
9.7.1. C5 Petroleum Resin
9.7.2. C9 Petroleum Resin
9.7.3. C5/C9 Petroleum Resin
9.7.4. Modified Petroleum Resin
9.7.5. Others
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 Petroleum Resin Demand Share Forecast, 2019-2026
10. Latin America Petroleum 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 Petroleum 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 Petroleum Resin Market Size and Volume Forecast by Application
10.4.1. Paint
10.4.2. Rubber
10.4.3. Adhesive & Sealant
10.4.4. Printing Ink
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Petroleum Resin Market Size and Volume Forecast by Type
10.7.1. C5 Petroleum Resin
10.7.2. C9 Petroleum Resin
10.7.3. C5/C9 Petroleum Resin
10.7.4. Modified Petroleum Resin
10.7.5. Others
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 Petroleum Resin Demand Share Forecast, 2019-2026
11. Europe Petroleum 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 Petroleum 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 Petroleum Resin Market Size and Volume Forecast by Application
11.4.1. Paint
11.4.2. Rubber
11.4.3. Adhesive & Sealant
11.4.4. Printing Ink
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Petroleum Resin Market Size and Volume Forecast by Type
11.7.1. C5 Petroleum Resin
11.7.2. C9 Petroleum Resin
11.7.3. C5/C9 Petroleum Resin
11.7.4. Modified Petroleum Resin
11.7.5. Others
11.8. asis 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 Petroleum Resin Demand Share, 2019-2026
12. Asia Pacific Petroleum 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 Petroleum 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 Petroleum Resin Market Size and Volume Forecast by Application
12.4.1. Paint
12.4.2. Rubber
12.4.3. Adhesive & Sealant
12.4.4. Printing Ink
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Petroleum Resin Market Size and Volume Forecast by Type
12.7.1. C5 Petroleum Resin
12.7.2. C9 Petroleum Resin
12.7.3. C5/C9 Petroleum Resin
12.7.4. Modified Petroleum Resin
12.7.5. Others
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 Petroleum Resin Demand Share, 2019-2026
13. Middle East & Africa Petroleum 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 Petroleum 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 Petroleum Resin Market Size and Volume Forecast by Application
13.4.1. Paint
13.4.2. Rubber
13.4.3. Adhesive & Sealant
13.4.4. Printing Ink
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Petroleum Resin Market Size and Volume Forecast by Type
13.7.1. C5 Petroleum Resin
13.7.2. C9 Petroleum Resin
13.7.3. C5/C9 Petroleum Resin
13.7.4. Modified Petroleum Resin
13.7.5. Others
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 Petroleum Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Petroleum Resin Market: Market Share Analysis
14.2. Petroleum Resin Distributors and Customers
14.3. Petroleum Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ExxonMobil
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eastman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kolon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TOTAL(Cray Valley)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ZEON
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Formosan Union
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsui Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Arakawa Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RÜTGERS Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Resinall
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Idemitsu
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Neville
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shangdong Qilong
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zibo Luhua
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zhejiang Henghe
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jinlin Fuyuan
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Puyang Changyu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Henan G&D
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Guangdong Xinhuayue
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Fuxun Huaxing
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
