(MENAFN- market Press Release) March 22, 2023 11:50 am - The report has segmented the global petroleum resins market on the basis of product, application, end use and region. According to the latest report by IMARC Group, titled“Petroleum Resins Market: Global industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global petroleum resins market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027.
Market Outlook:
Petroleum resins are synthetic hydrocarbons made by the polymerization of unsaturated monomers, such as olefins, diolefins, and aromatic vinyl compounds. They have low molecular weight and can range from liquids to brittle solids. They are widely used in coatings, printing and lithographic inks, paper, paints and varnishes, adhesives, rubber, and concrete-curing compounds.
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The escalating demand for green, sustainable, and low volatile organic compound (VOC) resins that are not harmful to humans or the environment represents one of the primary factors positively influencing the need for petroleum resins across the globe. In addition, as petroleum resins have excellent adhesion and chemical resistance properties, they are finding extensive applications in adhesives and sealants, rubber compounding, and printing inks worldwide. In line with this, the increasing number of construction activities on account of rapid urbanization and inflating income levels is creating a positive outlook for the market.
Competitive Landscape with Key Players:
The competitive landscape of the global petroleum resins market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
Arakawa Chemical Industries Ltd.
Eastman Chemical Company
Exxon Mobil Corporation
Henan Anglxxon Chemical Co. Ltd
Idemitsu Kosan
KOLON Industries Inc.
Lesco Chemical Limited
Neville Chemical Company
Puyang Changyu Petroleum Resins Co. Ltd.
Seacon Corporation
Total SE
Zeon Corporation
Key Market Segmentation:
The report has segmented the global petroleum resins market on the basis of product, application, end use and region.
Based on Product:
C5 resins
C9 resins
C5/C9 resins
Hydrogenated resins
Based on Application:
Paints
Adhesives
Printing inks
Rubber and tires
Tapes and labels
Others
Based on End Use:
Automotive
Construction
Packaging
Consumer goods
Personal hygiene
Others
Geographical Analysis:
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
Make inquiry before purchase of this report: highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
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