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Petroleum Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 138 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5901589
Description Jump to:
The global petroleum resins market size reached US$ 4.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2022-2028.

Petroleum resins are low molecular weighted thermoplastic hydrocarbons that are derived from cracked petroleum fractions. They are produced by polymerizing mixtures of unsaturated monomers such as olefins, diolefins, and aromatic vinyl compounds, which are the by-products of cracking natural gas liquids, gas oil, and petroleum naphtha. Petroleum resins can be found in the form of powder, flakes, solid blocs, solutions, beads, crushed nuggets, and dispersion. They find application in paints and varnishes, coatings, paper, adhesives, concrete-curing compounds, rubber, printing inks, and lithographic inks.

Petroleum Resins Market Trends:

The global petroleum resins market is primarily driven by their growing demand for manufacturing paints, sealants, personal hygiene products, tire, automotive, packaging tapes, and building and construction materials. Petroleum resins offer improved adhesive bond strength and resistance to acids, alkalis and water. In addition to this, they are also employed due to their exceptional thermal stability, peeling strength, tack ability, and high softening point. Governments worldwide are adopting stringent regulations regarding volatile organic compound (VOCs) emissions from vehicle coatings, which, in turn, is facilitating the demand for petroleum resins with low VOCs. In countries such as the United States, India, Germany, and China, governments are increasing their spending in the packaging sector, which is also propelling the market growth. They are also imposing policies and measures to augment the production of vehicles, which is increasing the demand for petroleum resins. Furthermore, the development of advanced process technologies to increase the output of resins is positively impacting the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global petroleum resins market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and end use.

Breakup by Product:

  • C5 Resins
  • C9 Resins
  • C5/C9 Resins
  • Hydrogenated Resins

Breakup by Application:

  • Paints
  • Adhesives
  • Printing Inks
  • Rubber and Tires
  • Tapes and Labels
  • Others

Breakup by End Use:

  • Automotive
  • Construction
  • Packaging
  • Consumer Goods
  • Personal Hygiene
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Henan Anglxxon Chemical Products Co., Ltd., Idemitsu Kosan, KOLON Industries Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Changyu Petroleum Resins Co. Ltd., Seacon Corporation, TotalEnergies Group and Zeon Corporation.

Key Questions Answered in This Report:

  • How has the global petroleum resins market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global petroleum resins market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global petroleum resins market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Petroleum Resins Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 C5 Resins
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 C9 Resins
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 C5/C9 Resins
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Hydrogenated Resins
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Paints
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Adhesives
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Printing Inks
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Rubber and Tires
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Tapes and Labels
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End Use
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Packaging
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Consumer Goods
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Personal Hygiene
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Arakawa Chemical Industries Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Eastman Chemical Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Exxon Mobil Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Henan Anglxxon Chemical Products Co., Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Idemitsu Kosan
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 KOLON Industries Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Lesco Chemical Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Neville Chemical Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Puyang Changyu Petroleum Resins Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Seacon Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 TotalEnergies Group
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Zeon Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Petroleum Resins Market: Major Drivers and Challenges
Figure 2: Global: Petroleum Resins Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Petroleum Resins Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Petroleum Resins Market: Breakup by Product (in %), 2022
Figure 5: Global: Petroleum Resins Market: Breakup by Application (in %), 2022
Figure 6: Global: Petroleum Resins Market: Breakup by End Use (in %), 2022
Figure 7: Global: Petroleum Resins Market: Breakup by Region (in %), 2022
Figure 8: Global: Petroleum Resins (C5 Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Petroleum Resins (C5 Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Petroleum Resins (C9 Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Petroleum Resins (C9 Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Petroleum Resins (C5/C9 Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Petroleum Resins (C5/C9 Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Petroleum Resins (Hydrogenated Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Petroleum Resins (Hydrogenated Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Petroleum Resins (Paints) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Petroleum Resins (Paints) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Petroleum Resins (Adhesives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Petroleum Resins (Adhesives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Petroleum Resins (Printing Inks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Petroleum Resins (Printing Inks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Petroleum Resins (Rubber and Tires) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Petroleum Resins (Rubber and Tires) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Petroleum Resins (Tapes and Labels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Petroleum Resins (Tapes and Labels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Petroleum Resins (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Petroleum Resins (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Petroleum Resins (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Petroleum Resins (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Petroleum Resins (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Petroleum Resins (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Petroleum Resins (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Petroleum Resins (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Petroleum Resins (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Petroleum Resins (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Petroleum Resins (Personal Hygiene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Petroleum Resins (Personal Hygiene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Petroleum Resins (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Petroleum Resins (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Petroleum Resins Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Petroleum Resins Market: Breakup by Country (in %), 2022
Figure 88: Middle East and Africa: Petroleum Resins Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Petroleum Resins Industry: SWOT Analysis
Figure 90: Global: Petroleum Resins Industry: Value Chain Analysis
Figure 91: Global: Petroleum Resins Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Petroleum Resins Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Petroleum Resins Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Petroleum Resins Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Petroleum Resins Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Petroleum Resins Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Petroleum Resins Market: Competitive Structure
Table 7: Global: Petroleum Resins Market: Key Players

Companies Mentioned

  • Arakawa Chemical Industries Ltd.
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Henan Anglxxon Chemical Products Co. Ltd.
  • Idemitsu Kosan
  • KOLON Industries Inc.
  • Lesco Chemical Limited
  • Neville Chemical Company
  • Puyang Changyu Petroleum Resins Co. Ltd.
  • Seacon Corporation
  • TotalEnergies Group and Zeon Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedNovember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 4.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 5.4 Billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Petroleum Resin Market

Petroleum Resin is a type of petrochemical derived from petroleum. It is a thermoplastic resin produced by the polymerization of monomers derived from petroleum fractions. Petroleum Resin is used in a variety of applications, including adhesives, coatings, inks, and hot-melt adhesives. It is also used as a modifier for rubber and plastics, and as a tackifier for pressure-sensitive adhesives. Petroleum Resin is also used in the production of asphalt and as a fuel additive. Petroleum Resin is a versatile material that offers a range of properties, including good thermal stability, low volatility, and excellent compatibility with other materials. It is also highly resistant to oxidation and UV radiation. Some companies in the Petroleum Resin market include Eastman Chemical Company, ExxonMobil Chemical, Kraton Corporation, and SABIC. Show Less Read more

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