Hydrogenated Resin Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 2.0 Billion by 2033.
The hydrogenated resin market was valued at approximately USD 1.75 billion in 2022, with a compound annual growth rate (CAGR) of around 6.5% from 2023 to 2030. This growth is primarily driven by the increasing demand for hydrogenated resins across industries such as adhesives, coatings, and inks. The demand for these resins is expected to grow due to their superior properties, such as enhanced stability, improved resistance to oxidation, and high melting points. The market size in North America was approximately USD 450 million in 2022, with a steady growth rate driven by advancements in manufacturing technologies and a strong emphasis on environmental sustainability. In Europe, the market reached USD 400 million in 2022, with major growth anticipated in the automotive and construction industries, where hydrogenated resins are used in coatings and sealants. The Asia Pacific region holds the largest market share, valued at around USD 850 million in 2022, due to rapid industrialization, particularly in countries like China and India, which are investing heavily in infrastructure and manufacturing sectors.
The Asia Pacific region is expected to witness a CAGR of 7% over the forecast period, driven by expanding industrial activities and increasing adoption of hydrogenated resins in various applications. The market in Latin America and the Middle East & Africa, though relatively smaller, is experiencing steady growth. Latin Americas market was valued at approximately USD 150 million in 2022, with increasing adoption in the automotive and packaging sectors. The Middle East & Africa, valued at about USD 125 million in 2022, is showing growing interest in hydrogenated resins due to their use in oil and gas applications, with potential for future expansion as the region diversifies its industries.
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ExxonMobil Chemical
Eastman
Rain Carbon
Idemitsu Kosan
Arakawa Chemical
Mitsui Chemicals
Kolon Industries
Landun New Material
ENEOS Corporation
Buss ChemTech
Puyang Tiancheng Chemical
Zhejiang Derong Chemical Industry
Zibo Luhua Hongjin New Material
Hwalong Chemical
Hanwha Solutions Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hydrogenated Resin Market
Coatings
Adhesives
Printing Inks
Rubber Compounds
Plastics
Automotive
Construction
Packaging
Consumer Goods
Electrical & Electronics
Personal Care
Aliphatic Hydrogenated Resins
Cyclic Hydrogenated Resins
Modified Hydrogenated Resins
Solid
Liquid
Natural Resin
Synthetic Resin
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hydrogenated Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hydrogenated Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydrogenated Resin Market, By Type
6. Global Hydrogenated Resin Market, By Application
7. Global Hydrogenated Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hydrogenated Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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