Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Petroleum Resins Market Growth

Petroleum resins, also called hydrocarbon resins, are a low polymer with a molecular weight between 300-3000 and are derived from cracked petroleum fractions. The characteristics of petroleum resins include resistance to water, ethanol, and chemicals. It is employed in combination with other resins as promoters, adjusting agents, and modifiers in various applications, which further contributes to the growth of the petroleum resins market.

 

The rising use of petroleum resins in various sectors, owing to their exceptional characteristics, is leading to market expansion. The resins are also available in several forms, such as powder, flake, crushed nuggets, beads, solid blocks, molten, dispersions, and solutions. The booming construction sector and the government initiatives towards rapid infrastructural developments are providing impetus to the petroleum resins industry growth, as the product is widely used in paints, coatings, and adhesives applications.

 

Petroleum Resins Market Report Snapshots

Petroleum Resins Market Size

Petroleum Resins Market Growth

Petroleum Resins Market Analysis

Petroleum Resins Market Share

Petroleum Resins Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

In 2024, the global petroleum resins market attained a value of nearly USD 4.60 billion.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to USD 7.73 billion by 2034.

The major market drivers include the expanding construction projects, increasing production of automobiles, exceptional characteristics of petroleum resins, emergence of e-commerce and the adoption of flexible packaging, availability in several forms, and growing applications of petroleum resins in various sectors.

The key trends guiding the growth of the market include the advancements in process technology, rising demand for low VOC petroleum resins, and initiatives taken by market players to expand their production capacity.

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The significant products of petroleum resins include C5, C9, C5/C9, and hydrogenated.

The different applications of petroleum resins include paints, adhesives, rubber and tyres, printing inks, and tapes and labels, among others.

The major end uses of petroleum resins include automotive, construction, packaging, personal hygiene, and consumer goods, among others.

The competitive landscape consists of Lesco Chemical Limited, Zeon Corporation, Eastman Chemical Company, Kolons Industries, Inc., and Puyang Changyu Petroleum Resins Co., Ltd., among others.

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