Hydrogenated Petroleum Resin Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 6.2% from 2026 to 2033.
The global Hydrogenated Petroleum Resin market was valued at approximately USD 1.7 billion in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2030. The market growth is driven by the rising demand for petroleum resins in various applications such as adhesives, paints, coatings, and road marking products. The growing need for high performance materials in these industries and the increasing adoption of hydrogenated petroleum resins in emerging economies are expected to drive significant market expansion during the forecast period. Additionally, the demand for hydrogenated petroleum resins in the production of hot melt adhesives and pressure sensitive adhesives continues to rise, further accelerating the markets growth. Regionally, the Asia Pacific region dominated the Hydrogenated Petroleum Resin market in 2022, accounting for more than 40% of the global market share. This growth can be attributed to the booming manufacturing sector, especially in countries like China and India, where the demand for adhesives and coatings is increasing. North America and Europe are also significant markets, with steady growth observed in the automotive and construction industries. The increasing focus on environmentally friendly and sustainable products in these regions is further fostering the markets growth. The Middle East and Africa, along with Latin America, are projected to witness a moderate growth rate over the coming years due to the rising industrial activities in these regions, creating ample opportunities for market players to expand their footprint.
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Idemitsu
Arkema
ExxonMobil
Eastman
Buss ChemTech
Argus Media
Zeon Corporation
Dycon Chemicals
GRESIN Chemical
Higree
Kolon
Formosan Union
TRiiSO
Teckrez
Lesco Chemical
Panjin Heyun Industrial Group
Credrez
Qingdao EDSON New Material
Zhejiang Henghe Industry Group
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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 Petroleum Resin Market
Hydrogenated Hydrocarbon Resins
Hydrogenated C5 Resins
Hydrogenated C9 Resins
Hydrogenated Dicyclopentadiene (DCPD) Resins
Adhesives
Paints and Coatings
Rubber and Tire
Inks
Plastics
Automotive
Construction
Packaging
Electronics
Consumer Goods
Solid
Liquid
Low-Grade
Medium-Grade
High-Grade
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 Petroleum 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 Petroleum Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydrogenated Petroleum Resin Market, By Type
6. Global Hydrogenated Petroleum Resin Market, By Application
7. Global Hydrogenated Petroleum Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Hydrogenated Petroleum Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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