Hydrocarbon Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Hydrocarbon resins are defined as glass-like oligomers, which are produced by polymerization of by-product streams such as aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene), which derives mostly from the cracking of petroleum hydrocarbons for the production of ethylene. These hydrocarbon resins can be later hydrogenated to improve color, odor, and stability as well as modifying compatibility. These are brittle or gummy materials prepared by the polymerization of several unsaturated constituents of coal tar, rosin, or petroleum. These are inexpensive and have wide applications such as in rubber and asphalt formulations and in coating and caulking compositions. Properties such as high thermal stability, light color, polymer compatibility, low odor, and excellent cold resistance also make them ideal for a wide range of end-use applications.
Increasing usage of hydrocarbon resins in building and construction is a major driver augmenting the hydrocarbon resins market. Rising demand for hydrocarbon resins in printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is propelling the hydrocarbon resins market. Increasing demand for hydrocarbon resins in adhesives due to their properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance along with the increasing usage in book binding end-use industries are propelling the hydrocarbon resins market during the forecast period. Increasing regulations on a global level and constant changes as well as increasing shifts toward environment and sustainability trends throughout the value chain are some factors hampering the hydrocarbon resins market.
The global hydrocarbon resins market is segmented based on type, applications, end-use industry, and geography.
Based on type, the global hydrocarbon resins market is segmented into C5 Petroleum resins, C9 Petroleum resins, C5/C9 petroleum resins, and hydrogenated hydrocarbon resins.
In terms of applications, the global hydrocarbon resins market is segmented into adhesives and sealants, printing inks, rubber compounding, paints and coatings, tapes and labels, and others.
Based on end-use industry, the global hydrocarbon resins market is segregated into building & construction, personal hygiene, tires, automotive, and others.
In terms of geography, the global hydrocarbon resin market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
In Asia Pacific countries such as China, India, and Japan are witnessing rapid expansion of the hydrocarbon resins market due to the increase in building and construction in the region. Additionally, rising demand for vehicles due to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles is boosting the hydrocarbon resins market in Asia Pacific nations. Europe follows Asia Pacific in terms of expansion of the hydrocarbon resin market due to the presence of major automotive companies in the region.
Key players operating in the global hydrocarbon resins market include Eastman Chemical Company, ExxonMobil Corporation, Shandong Landun Petroleum Resin Co., Ltd., Puyang Tiacheng Chemical Co., Ltd., and Shanghai Jinsen Hydrocarbon Resins Co., Limited.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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