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Petroleum Resins Market Forecast 2018 to 2023

Petroleum

Resins

Market

Forecast 2018 to 2023

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Copyright Š 2017 Market Research Future.


Petroleum Resins Market Forecast 2018 to 2023

1 Summary 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.

1.1 Top Global Players: Some of the well-known players operating in the Global Petroleum Resins Market are, BASF SE (Germany), The Dow Chemical Company ( U.S.), 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), Cray Valley (France), and Neville Chemical Company (U.S.)

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Copyright Š 2017 Market Research Future.


Petroleum Resins Market Forecast 2018 to 2023

2 Market Categorization The Global Petroleum Resins Market is segmented into resin type, application and enduse. On the basis of resin type, the market is further classified into C5, C9, Hydrogenated hydrocarbon, and C5/C9. On the basis of application, the market is subdivided into adhesives, paints & coatings, and printing inks. On the basis of end-use, the market is segregated into construction, automotive, packaging, and personal hygiene.

2.1 Intended Audience:      

Petroleum Resins Market Manufacturers Traders and Distributors of Petroleum Resins Market Production Process Industries Potential Investors Raw Material Suppliers Nationalized Laboratory

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Copyright © 2017 Market Research Future.


Petroleum Resins Market Forecast 2018 to 2023

2.2 Study Objectives of Petroleum Resins Market:  To provide detailed analysis of the market structure along with forecast for till 2023 of the various segments and sub-segments of the Petroleum Resins Market.  To understand the supply and demand dynamics including supply and consumption concentration mapping.  To provide region level market analysis and future outlook for Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.  To provide competitor positioning of the market.  To provide company profiling of major players in the market along with their production and capacity.  To provide regional trade analysis.  To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market.

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Copyright © 2017 Market Research Future.


Petroleum Resins Market Forecast 2018 to 2023

3 Regional Insight: The Global Petroleum Resins Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of resins in aerospace, automotive, packaging, and others. The new initiative implemented by the government such as “Make in India� scheme has propelled the end-use industries to witness a massive growth in the couple of years. It is estimated that the hydrogenated hydrocarbon segment is set to observe the highest CAGR in the market due to its growing use to manufacture high standard and efficient vehicles. The C5 resin is the leading segment in the market due to its increasing use in construction and buildings, paints and coating industries. These factors have led to China, Japan and India to be the leading players in this region. The North America market is expected to grow at a higher CAGR due to extensive consumption of hydrocarbon resins in construction and buildings and automobile sectors, and others. The U.S., Canada and Mexico have achieved a significant stage in the market due to strict rules and regulations set by the government to follow low density materials that provides high standard and optimal performance. Therefore, the growing demand for aromatic compounds in packaging, health care sectors is estimated to drive the market during the forecast period. A notable development is achieved in Europe due to the growing demand for lightweight materials in food packaging, hygiene films, compounding, and others. The growing innovation and technological advancements have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K. and Italy are the major contributors to this market. A considerable development is predicted in Latin American region such as in Brazil, Uruguay and Argentina due to the growing consumption of petroleum resins in Page |5

Copyright Š 2017 Market Research Future.


Petroleum Resins Market Forecast 2018 to 2023

construction and buildings, chemical and energy sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing production of petroleum based products in major industries.

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Copyright Š 2017 Market Research Future.


Petroleum Resins Market Forecast 2018 to 2023

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Copyright Š 2017 Market Research Future.

Petroleum Resins Market- Emerging Trends, Global Players Outlook and Forecast by 2023  

Petroleum Resins Market is dominated by Asia Pacific region and driven by applications in various end-use industries like Construction, Auto...

Petroleum Resins Market- Emerging Trends, Global Players Outlook and Forecast by 2023  

Petroleum Resins Market is dominated by Asia Pacific region and driven by applications in various end-use industries like Construction, Auto...

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