Petroleum Resins Market Research Report- Forecast to 2023

Petroleum Resins Market Research Report- Forecast to 2023

ID: MRFR/CnM/3371-HCRR | January, 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