+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global HHCR Market, By Grade; By Application, By Region; Trend Analysis, Competitive Market Share & Forecast, 2020-2027

  • PDF Icon


  • 102 Pages
  • January 2020
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 5271476
Hydrogenated hydrocarbon resin (HHCR), Market is Projected to Reach USD Million by 2027, Growing at a CAGR of around 8% During 2021-2027

According to this report, the global HHCR market worth USD 970 million in 2020, and is further projected to reach USD million by 2027, growing at a CAGR of around 8% during 2021-2027 (forecast period). Hydrogenated hydrocarbon resin (HHCR), also known as “WaterWhite”, is a hydrogenated product of several types of resins. Typically, C5, C9, DCPD, or C5/C9 resins are used as feedstock for the manufacturing of HHCR. Major applications of HHCR are adhesives, hot melt adhesives, paints, and coatings, etc.

Adhesives and sealants market is likely to grow with the highest CAGR and drive the market for hydrogenated hydrocarbon resins (HHCR).

HHCR is used in many industries, such as - Paints and coating, tackifiers, hot melt adhesives, rubber compounding, etc. One of the major areas of application for HHCR is the production of heat and cold resistive tackifiers. HHCR tackifiers have great adhesive strength with enhanced resistivity against cold and heat. When HHCR is added to a bipolar film, it’s transparency, rigidity, and vapour barrier properties get enhanced. Waterwhite (HHCR) is also used to produce hot melt adhesive hygiene products.

Requirement of extreme conditions for hydrogenation of hydrocarbons will affect the market growth negatively.

The hydrogenation reaction of hydrocarbons does not take place under normal conditions. Extreme conditions (HPHT - high pressure, high temperature) are required for the hydrogenation process. For generating such conditions, a special type of reactors is required. A lot of capital investment is necessary to acquire such reactors. Small companies, without the security of large funds to back them, are likely to move away from investing big. A specific type of catalyst is used for the products with specific properties. The Companies, buying catalysts from other companies will again have to invest big for getting such a catalyst, and it’ll affect the market negatively.

C5-HHCR was leading the market in recent years and will drive the market again in the forecast period.

Hydrogenated hydrocarbon resins have 3 different grades, C5-HHCR, C9-HHCR, and DCPD-HHCR. C5-HHCR had the highest share of the market in recent years and is likely to maintain the same in the upcoming years. C5-HHCR is more cost-friendly compared to C9 and DCPD HHCR. C5-HHCR has enhanced thermal and water resistivity, high color stability, enhanced UV-protection, and have more adhesive strength compared to C5-HCR. C5-HHCR is also highly compatible with elastomers and base resins.

Global HHCR Market: Regional insights

The global market for HHCR is divided into Asia Pacific, Europe, North America, South America, and the Middle East. Asia Pacific region is likely to witness the highest growth rate for the HHCR market owing to its rapidly developing countries, high demand for end-user industry products, ever-improving lifestyles, and presence of many automotive and construction businesses in the region. The increasing demand for hygiene products in South Asia is likely to contribute to the growth of the HHCR market in Asia-pacific.

North America is projected to follow the lead of Asia-Pacific, with high income, great business opportunities, and the availability of a highly-skilled workforce.

Global HHCR Market: Competitive Landscape

The leading players for the global HHCR market include Axis Chemicals Pty Ltd, Commonwealth Laminating & Coating Inc, Credrez, Dycon Chemicals, BASF, Dow Chemicals, Henghe Petrochemical Co., Ltd, Shandong Shenxian Ruisen Petroleum Resins Co., Ltd, Resin Chemicals Co. Ltd, SGL Carbon, Solutia Inc., Sumitomo Chemicals, Ineos Phenol, ExxonMobil, Rain carbon, Zeon Corporation, Idemitsu, Puyang Changyu Petroleum Resins, Lesco, Kolon Hydrocarbon, Puyang Tiancheng Chemical Co. Ltd, Arakawa Chemical Industries, and others are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global HHCR Resin market size & forecast. The report promises to provide recent technology trends of the HHCR Resin market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

This product will be delivered within 2 business days.

Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global HHCR Resin Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Recent Development
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Intensity of Rivalry
5. Global HHCR Market Overview
5.1. Market Size & Forecast by Value, 2020-2027
5.1.1. By Value (USD Billion)
5.1.2. By Volume (KT)
5.2. Market Share & Forecast
5.2.1. By Type Hydrogenated C5 Hydrocarbon Resin Hydrogenated C9 Hydrocarbon Resin Hydrogenated DCPD Resin
5.2.2. By Application Introduction Sealants Unsaturated Polyester Resins Tackifiers Paints and coatings Hot melt adhesives Packaging materials Rubber Compounding Baby diapers Others
5.2.3. By Region North America Europe Asia Pacific Latin America Middle East & Africa
6. North America HHCR Market
6.1. Market Size & Forecast by Value, 2020-2027
6.1.1. By Value (USD Billion)
6.1.2. By Volume (KT)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
6.2.3. By Country United States Canada
7. Europe HHCR Market
7.1. Market Size & Forecast by Value, 2020-2027
7.1.1. By Value (USD Billion)
7.1.2. By Volume (KT)
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By Country Germany Poland Russia Italy France United Kingdom Spain Rest of Europe
8. Asia Pacific HHCR Market
8.1. Market Size & Forecast by Value, 2020-2027
8.1.1. By Value (USD Billion)
8.1.2. By Volume (KT)
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By Country China India Japan Malaysia Singapore Rest of Asia Pacific
9. Latin America HHCR Market
9.1. Market Size & Forecast by Value, 2020-2027
9.1.1. By Value (USD Billion)
9.1.2. By Volume (KT)
9.2. Market Share & Forecast
9.2.1. By Application Type
9.2.2. By Country Brazil Mexico Rest of Latin America
10. Middle East & Africa HHCR Market
10.1. Market Size & Forecast by Value, 2020-2027
10.1.1. By Value (USD Billion)
10.1.2. By Volume (KT)
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
10.2.3. By Country Saudi Arabia GCC UAE South Africa Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. Impact of Covid-19 on HHCR Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Axis Chemicals Pty Ltd
13.2. Commonwealth Laminating & Coating Inc.
13.3. Credrez
13.4. Dycon Chemicals
13.5. BASF
13.6. Dow Chemicals
13.7. Henghe Petrochemical Co., Ltd
13.8. Shandong Shenxian Ruisen Petroleum Resins Co., Ltd
13.9. Resin Chemicals Co. Ltd
13.10. SGL Carbon
13.11. Solutia Inc.
13.12. Sumitomo Chemicals
13.13. Ineos Phenol
13.14. ExxonMobil
13.15. Rain carbon
13.16. Zeon Corporation
13.17. Idemitsu
13.18. Puyang Changyu Petroleum Resins
13.19. Lesco
13.20. Kolon Hydrocarbon
13.21. Puyang Tiancheng Chemical Co. Ltd
13.22. Arakawa Chemical Industries
13.23. Others

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Axis Chemicals
  • Pty Ltd
  • Commonwealth Laminating & Coating Inc
  • Credrez
  • Dycon Chemicals
  • BASF
  • Dow Chemicals
  • Henghe Petrochemical Co. Ltd
  • Shandong Shenxian Ruisen
  • Petroleum Resins Co. Ltd
  • Resin Chemicals Co. Ltd
  • SGL Carbon
  • Solutia Inc.
  • Sumitomo Chemicals
  • Ineos Phenol
  • ExxonMobil
  • Rain carbon
  • Zeon
  • Corporation
  • Idemitsu
  • Puyang Changyu Petroleum
  • Resins
  • Lesco
  • Kolon Hydrocarbon
  • Puyang Tiancheng
  • Chemical Co. Ltd
  • Arakawa Chemical Industries