Petroleum Resins Market Research Report- Forecast to 2023

Petroleum Resins Market Research Report- Forecast to 2023

ID: MRFR/CnM/3371-HCRR | July, 2018 | Region: Global | 137 pages | Half-Cooked Research Reports

Global Petroleum Resins Market Information- by Resin Type (C5, C9, Hydrogenated Hydrocarbon, C5/C9), by Application (Adhesives, Paints & Coatings, Printing Inks), by End-Use (Construction, Automotive, Packaging, Personal Hygiene) – Forecast till 2023


Synopsis of Petroleum Resins Market:


Petroleum Resins are low-density materials which are manufactured by polymerization of alkenes, alkynes and aromatic compounds obtained from the distillation of heavy hydrocarbon feedstock. These resins are capable of producing tackifying effect which makes them applicable in various applications such as adhesives, Paints & coatings and printing inks. Excellent thermal stability, softening point and heat resistance are the major trends and factors promoting the market confidently. Owing to these factors, they are used in various end-use industries such as construction, automotive, packaging, personal hygiene, and others.


As per our analysis, the Global Petroleum Resins Market is bifurcated into resin type, application and end-use. The market by resin type is further divided into C5, C9, hydrogenated hydrocarbon, and C5/C9. Among these, the C5 resin segment holds a major portion of the market on account of its growing use in construction, automotive, personal hygiene, and others. The prominent factor behind the consumption of this resin in these applications is its excellent flexibility and bonding strength. The C5/C9 resin segment is set to grow at a rapid rate due to its increasing consumption in rubber and tires application as it provides superior mechanical resistance and bonding. Moreover, the hydrogenated hydrocarbon is predicted to witness the highest CAGR in the market due to unique features offered by the product such as high adhesion strength, zero toxicity and chemical resistance. On the basis of application, the market is segmented as adhesives, paints & coatings, printing inks. Among these, the paints & coatings segment holds a major portion of the market due to exceptional features offered by the product such as high alkali resistance and its regular use as strong binder in primers. Applications segment are further classified into construction, automotive, packaging, and personal hygiene. Between these, construction is the leading segment in the market owing to an increased consumption of Petroleum Resins in water-proof membranes and infrastructures.


The Global Petroleum Resins Market Share by Application:Petroleum Resins Market


Regional Analysis:


The Petroleum Resins Market is segmented across five regions in the world namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing demand for resins in construction, automotive, packaging, and others. The “Make in India” scheme which was implemented by the Indian Government has fueled the major industries to witness a significant growth. The C5 resin segment is predicted to witness a rapid growth in the market, due to its boundless consumption in end use industries. Owing to these factors, countries such as China, Japan and India are the major players in the market.


The North American region is growing significantly in the market due to the increasing demand for hydrocarbon resins in construction, packaging and automobile sectors. It is predicted that the high disposable income and rising investments in the end-use industries is set to drive the market demand during the forecast period. The growing demand of aromatic compounds in personal care and tire industries has propelled countries such as the U.S., Canada and Mexico to achieve a stunning growth in the market.


European market has also observed a remarkable growth in the market due to growing consumption of hydrocarbon resins in automotive, aviation, construction, energy and marine industries. It is estimated that the growing innovation and technological advancement has propelled the countries such as the U.K., Italy, Germany and France to observe a notable growth in the market during the forecast period.


The Latin American region is estimated to witness a recognized development in the market due to growing consumption of aromatic resins in rubber, tires, construction, buildings, and energy sectors. Moreover, the Middle East & Africa is anticipated to witness a higher growth in the market due to the growing production of petroleum resins in oil & gas and petrochemical industries.


Segmental Analysis:


The Global Petroleum Resins Market is segmented into resin type, application and end-use. On the basis of resin type, the market is further categorized into C5, C9, hydrogenated hydrocarbon, and C5/C9. Among these, the C5 segment holds a majority of the market share due to extraordinary features offered by the product such as tackifying effect, chemical resistance, and others. The C5/C9 segment is projected to witness a rapid growth due to its growing consumption in heavy end use industries. Additionally, the hydrogenated hydrocarbon resin is set to grow at the highest rate due to eco-friendly and reliable nature offered by the product. The market by application is further categorized into adhesives, paints & coatings, printing inks. Among these, the paints & coatings segment is accounted for major share in the market due to the ability of resins to improve the final finishing, alkali resistance and adhesiveness of the product. The adhesives segment is estimated to witness a higher growth in the market owing to the growing consumption of C9 resins in the product to add extraordinary features such as color spreading, fast dry, and brightening effects. On the basis of end-use, the market is further classified into construction, automotive, packaging, personal hygiene. Among these, construction segment holds the major share of the market due to extensive use of petroleum resins in infrastructures, industrial roofing and membranes.


Key Players:


Some of the prominent players operating in the Global Petroleum Resins Market are Exxon Mobil Corporation (U.S.), Eastman Chemical Company (U.S.), Idemitsu Kosan Co.,Ltd (Japan), Puyang Changyu Petroleum resins Co., Ltd.(China), Arakawa Chemical Industries,Ltd (Japan), Kolon Industries, Inc(South Korea), BASF SE(Germany), The Dow Chemical Company( U.S.), Cray Valley(France), and Neville Chemical Company(U.S.) among others.


Geographical Analysis:


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Petroleum Resins Market Manufacturers

  • Traders and Distributors of Petroleum Resins Market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory

Table of Contents:

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Application

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Petroleum Resin Market

5 Industry Overview of Global Petroleum Resin Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Petroleum Resin Market by Resin type

7.1 Introduction

7.2 C5

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 C9

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

7.4 Hydrogenated hydrocarbon

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Region, 2017-2023

7.5 C5/C9

7.5.1 Market Estimates & Forecast, 2017-2023

7.5.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Petroleum Resin Market by Application

8.1 Introduction

8.2 Adhesives

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Paints & Coatings

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Printing inks

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Petroleum Resin Market by End-use

9.1 Introduction

9.2 Construction

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

9.3 Automotive

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Region, 2017-2023

9.4 Packaging

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Region, 2017-2023

9.5 Personal hygiene

9.5.1 Market Estimates & Forecast, 2017-2023

9.5.2 Market Estimates & Forecast by Region, 2017-2023

9.5 Others

9.6.1 Market Estimates & Forecast, 2017-2023

9.6.2 Market Estimates & Forecast by Region, 2017-2023

10. Global Petroleum Resin Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2017-2023

10.2.2 Market Estimates & Forecast by Resin type, 2017-2023

10.2.3 Market Estimates & Forecast by Application, 2017-2023

10.2.4 Market Estimates & Forecast by End-use, 2017-2023

10.2.5 US

10.2.5.1 Market Estimates & Forecast, 2017-2023

10.2.5.2 Market Estimates & Forecast by Resin type, 2017-2023

10.2.5.3 Market Estimates & Forecast by Application, 2017-2023

10.2.5.4 Market Estimates & Forecast by End-use, 2017-2023

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2017-2023

10.2.6.2 Market Estimates & Forecast by Resin type, 2017-2023

10.2.6.3 Market Estimates & Forecast by Application, 2017-2023

10.2.6.4 Market Estimates & Forecast by End-use, 2017-2023

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2017-2023

10.2.7.2 Market Estimates & Forecast by Resin type, 2017-2023

10.2.7.3 Market Estimates & Forecast by Application, 2017-2023

10.2.7.4 Market Estimates & Forecast by End-use, 2017-2023

10.3 Europe

10.3.1 Market Estimates & Forecast, 2017-2023

10.3.2 Market Estimates & Forecast by Resin type, 2017-2023

10.3.3 Market Estimates & Forecast by Application, 2017-2023

10.3.4 Market Estimates & Forecast by End-use, 2017-2023

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2017-2023

10.3.5.2 Market Estimates & Forecast by Resin type, 2017-2023

10.3.5.3 Market Estimates & Forecast by Application, 2017-2023

10.3.5.4 Market Estimates & Forecast by End-use, 2017-2023

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2017-2023

10.3.6.2 Market Estimates & Forecast by Resin type, 2017-2023

10.3.6.3 Market Estimates & Forecast by Application, 2017-2023

10.3.6.4 Market Estimates & Forecast by End-use, 2017-2023

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2017-2023

10.3.7.2 Market Estimates & Forecast by Resin type, 2017-2023

10.3.7.3 Market Estimates & Forecast by Application, 2017-2023

10.3.7.4 Market Estimates & Forecast by End-use, 2017-2023

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2017-2023

10.3.8.2 Market Estimates & Forecast by Resin type, 2017-2023

10.3.8.3 Market Estimates & Forecast by Application, 2017-2023

10.3.8.4 Market Estimates & Forecast by End-use, 2017-2023

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, 2017-2023

10.3.9.2 Market Estimates & Forecast by Resin type, 2017-2023

10.3.9.3 Market Estimates & Forecast by Application, 2017-2023

10.3.9.4 Market Estimates & Forecast by End-use, 2017-2023

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2017-2023

10.4.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.3 Market Estimates & Forecast by Application, 2017-2023

10.4.4 Market Estimates & Forecast by End-use, 2017-2023

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2017-2023

10.4.5.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.5.3 Market Estimates & Forecast by Application, 2017-2023

10.4.5.4 Market Estimates & Forecast by End-use, 2017-2023

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2017-2023

10.4.6.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.6.3 Market Estimates & Forecast by Application, 2017-2023

10.4.6.4 Market Estimates & Forecast by End-use, 2017-2023

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2017-2023

10.4.7.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.7.3 Market Estimates & Forecast by Application, 2017-2023

10.4.7.4 Market Estimates & Forecast by End-use, 2017-2023

10.4.8 South Korea

10.4.8.1 Market Estimates & Forecast, 2017-2023

10.4.8.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.8.3 Market Estimates & Forecast by Application, 2017-2023

10.4.8.4 Market Estimates & Forecast by End-use, 2017-2023

10.4.9 Malaysia

10.4.9.1 Market Estimates & Forecast, 2017-2023

10.4.9.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.9.3 Market Estimates & Forecast by Application, 2017-2023

10.4.9.4 Market Estimates & Forecast by End-use, 2017-2023

10.4.10 Rest of Asia Pacific

10.4.10.1 Market Estimates & Forecast, 2017-2023

10.4.10.2 Market Estimates & Forecast by Resin type, 2017-2023

10.4.10.3 Market Estimates & Forecast by Application, 2017-2023

10.4.10.4 Market Estimates & Forecast by End-use, 2017-2023

10.5 The Middle East & Africa

10.5.1 Market Estimates & Forecast, 2017-2023

10.5.2 Market Estimates & Forecast by Resin type, 2017-2023

10.5.3 Market Estimates & Forecast by Application, 2017-2023

10.5.4 Market Estimates & Forecast by End-use, 2017-2023

10.5.5 Turkey

10.5.5.1 Market Estimates & Forecast, 2017-2023

10.5.5.2 Market Estimates & Forecast by Resin, 2017-2023

10.5.5.3 Market Estimates & Forecast by Application, 2017-2023

10.5.5.4 Market Estimates & Forecast by End-use, 2017-2023

10.5.6 Israel

10.5.6.1 Market Estimates & Forecast, 2017-2023

10.5.6.2 Market Estimates & Forecast by Resin type, 2017-2023

10.5.6.3 Market Estimates & Forecast by Application, 2017-2023

10.5.6.4 Market Estimates & Forecast by End-use, 2017-2023

10.5.7 North Africa

10.5.7.1 Market Estimates & Forecast, 2017-2023

10.5.7.2 Market Estimates & Forecast by Resin type, 2017-2023

10.5.7.3 Market Estimates & Forecast by Application, 2017-2023

10.5.7.4 Market Estimates & Forecast by End-use, 2017-2023

10.5.8 GCC

10.5.8.1 Market Estimates & Forecast, 2017-2023

10.5.8.2 Market Estimates & Forecast by Resin type, 2017-2023

10.5.8.3 Market Estimates & Forecast by Application, 2017-2023

10.5.8.4 Market Estimates & Forecast by End-use, 2017-2023

10.5.9 Rest of Middle East & Africa

10.5.9.1 Market Estimates & Forecast, 2017-2023

10.5.9.2 Market Estimates & Forecast by Resin type, 2017-2023

10.5.9.3 Market Estimates & Forecast by Application, 2017-2023

10.5.9.4 Market Estimates & Forecast by End-use, 2017-2023

10.6 Latin America

10.6.1 Market Estimates & Forecast, 2017-2023

10.6.2 Market Estimates & Forecast by Resin type, 2017-2023

10.6.3 Market Estimates & Forecast by Application, 2017-2023

10.6.4 Market Estimates & Forecast by End-use, 2017-2023

10.6.5 Brazil

10.6.5.1 Market Estimates & Forecast, 2017-2023

10.6.5.2 Market Estimates & Forecast by Resin type, 2017-2023

10.6.5.3 Market Estimates & Forecast by Application, 2017-2023

10.6.5.4 Market Estimates & Forecast by End-use, 2017-2023

10.6.6 Argentina

10.6.6.1 Market Estimates & Forecast, 2017-2023

10.6.6.2 Market Estimates & Forecast by Resin type, 2017-2023

10.6.6.3 Market Estimates & Forecast by Application, 2017-2023

10.6.6.4 Market Estimates & Forecast by End-use, 2017-2023

10.6.7 Rest of Latin America

10.6.7.1 Market Estimates & Forecast, 2017-2023

10.6.7.2 Market Estimates & Forecast by Resin type, 2017-2023

10.6.7.3 Market Estimates & Forecast by Application, 2017-2023

10.6.7.4 Market Estimates & Forecast by End-use, 2017-2023

11. Company Landscape

12. Company Profiles

12.1 Exxon Mobil Corporation

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Eastman Chemical Company

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Idemitsu Kosan Co.,Ltd

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Puyang Changyu Petroleum Resins Co., Ltd.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Arakawa Chemical Industries,Ltd

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Kolon Industries

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 BASF SE

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 The Dow Chemical Company

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Cray Valley

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Neville Chemical Company

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion



List of Tables:

Table 1 World Population by Major Regions (2017 To 2030)

Table 2 Global Petroleum Resin Market: By Region, 2017-2023

Table 3 North America Petroleum Resin Market: By Country, 2017-2023

Table 4 Europe Petroleum Resin Market: By Country, 2017-2023

Table 5 Asia-Pacific Petroleum Resin Market: By Country, 2017-2023

Table 6 Middle East & Africa Petroleum Resin Market: By Country, 2017-2023

Table 7 Latin America Petroleum Resin Market: By Country, 2017-2023

Table 8 Global Petroleum Resin by Resin Market: By Regions, 2017-2023

Table 9 North America Petroleum Resin by Resin type Market: By Country, 2017-2023

Table10 Europe Petroleum Resin by Resin type Market: By Country, 2017-2023

Table11 Asia-Pacific Petroleum Resin by Resin type Market: By Country, 2017-2023

Table12 Middle East & Africa Petroleum Resin by Resin type Market: By Country, 2017-2023

Table13 Latin America Petroleum Resin by Resin type Market: By Country, 2017-2023

Table14 Global Petroleum Resin type by Application Market: By Regions, 2017-2023

Table15 North America Petroleum Resin by Application Market: By Country, 2017-2023

Table16 Europe Petroleum type by Application Market: By Country, 2017-2023

Table17 Asia-Pacific Petroleum type by Application Market: By Country, 2017-2023

Table18 Middle East & Africa Petroleum type by Application Market: By Country, 2017-2023

Table19 Latin America Petroleum Resin by Application Market: By Country, 2017-2023

Table20 Global Petroleum Resin by End-use Market: By Regions, 2017-2023

Table21 North America Petroleum Resin for End-use Market: By Country, 2017-2023

Table22 Europe Petroleum Resin for End-use Market: By Country, 2017-2023

Table23 Asia-Pacific Petroleum Resin for End-use Market: By Country, 2017-2023

Table24 Middle East & Africa Petroleum Resin for End-use Market: By Country, 2017-2023

Table25 Latin America Petroleum Resin for End-use Market: By Country, 2017-2023

Table26 Global Resin type Market: By Region, 2017-2023

Table27 Global Application Market: By Region, 2017-2023

Table28 Global End-use Market: By Region, 2017-2023

Table29 North America Petroleum Resin Market, By Country

Table30 North America Petroleum Resin Market, By Resin

Table31 North America Petroleum Resin Market, By Application

Table32 North America Petroleum Resin Market, By End-use

Table33 Europe: Petroleum Resin Market, By Country

Table34 Europe: Petroleum Resin Market, By Resin

Table35 Europe: Petroleum Resin Market, By Application

Table36 Europe: Petroleum Resin Market, By End-use

Table37 Asia-Pacific: Petroleum Resin Market, By Country

Table38 Asia-Pacific: Petroleum Resin Market, By Resin type

Table39 Asia-Pacific: Petroleum Resin Market, By Application

Table40 Asia-Pacific: Petroleum Resin Market, By End-use

Table41 Middle East & Africa: Petroleum Resin Market, By Country

Table42 Middle East & Africa Petroleum Resin Market, By Resin type

Table43 Middle East & Africa Petroleum Resin Market, By Application

Table44 Middle East & Africa: Petroleum Resin Market, By End-use

Table45 Latin America: Petroleum Resin Market, By Country

Table46 Latin America Petroleum Resin Market, By Resin type

Table47 Latin America Petroleum Resin Market, By Application

Table48 Latin America: Petroleum Resin Market, By End-use



List Of Figures:

FIGURE 1 Global Petroleum Resin type market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Petroleum Resin type Market

FIGURE 4 Value Chain of Global Petroleum Resin Market

FIGURE 5 Share of Global Petroleum Resin Market in 2017, by country (in %)

FIGURE 6 Global Petroleum Resin Market, 2017-2023,

FIGURE 7 Sub segments of Resin

FIGURE 8 Global Petroleum Resin Market size by Resin type, 2017

FIGURE 9 Share of Global Petroleum Resin type Market by Resin type, 2017 to 2023

FIGURE 10 Global Petroleum Resin Market size by Application, 2017

FIGURE 11 Share of Global Petroleum Resin Market by Application, 2017 to 2023

FIGURE 12 Global Petroleum Resin Market size by End-use, 2017

FIGURE 13 Share of Global Petroleum Resin Market by End-use, 2017 to 2023