Japan Petroleum based Hydrocarbon Resin Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The Petroleum-Based Hydrocarbon Resin Market Has Seen Significant Growth In Recent Years, Driven By An Increasing Demand Across Various Industries Such As Adhesives, Paints, Coatings, And Rubber. These Resins Are Derived From Petroleum And Are Used In A Wide Range Of Applications Due To Their Ability To Enhance The Properties Of Products. Hydrocarbon Resins Are Prized For Their Low Cost, Excellent Adhesive Properties, And Stability In Extreme Temperatures. According To Recent Market Analyses, The Global Demand For Petroleum-Based Hydrocarbon Resins Is Expected To Continue Rising, With A Compound Annual Growth Rate (Cagr) Of 5.4% From 2020 To 2027.
The Versatility Of Petroleum-Based Hydrocarbon Resins In Industrial Applications Is One Of The Key Factors Contributing To This Growth. In The Adhesives Industry, They Are Used In Pressure-Sensitive Adhesives, Hot-Melt Adhesives, And Sealants. They Enhance The Tackiness, Drying Time, And Bond Strength Of These Products. The Coatings Industry Also Benefits Significantly From Hydrocarbon Resins, As They Improve The Flow And Leveling Properties Of Paints And Coatings While Offering Excellent Weather Resistance.
Another Driver For The Petroleum-Based Hydrocarbon Resin Market Is The Growth Of The Automotive And Construction Industries. Resins Are Used In The Manufacturing Of Automotive Parts, Specifically In Coatings And Sealants. The Construction Sector Relies On Hydrocarbon Resins For Their Water Resistance And Durability, Especially In Flooring And Roofing Materials. As The Demand For Infrastructure Projects Rises Globally, The Demand For These Resins Is Expected To Soar, Further Boosting Market Growth.
However, The Market Does Face Challenges Related To Environmental Concerns And The Shift Toward More Sustainable Alternatives. The Environmental Impact Of Petroleum-Based Resins Has Led To The Development Of Bio-Based Alternatives, Which Are Gaining Traction. Yet, Petroleum-Based Hydrocarbon Resins Remain Highly Favored Due To Their Cost-Effectiveness And Performance Advantages.
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Petroleum Based Hydrocarbon Resin Market
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Get an In-Depth Research Analysis of the Global Petroleum based Hydrocarbon Resin Market Size And Forecast [2025-2032]
Total Cray Valley
Eastman
Exxon Mobil
Arakawa Chemical
Kolon Industries
Lesco Chemical
Puyang Ruisen Petroleum Resins
Zeon Corporation
Henan Anglxxon Chemical
Shandong Landun Petroleum Resin
Puyang Tiancheng Chemical
Neville Chemical Company
Seacon Corporation
Thankyou Chem (Henan) Co.
Ltd.
Nanjing Yuangang Fine Chemicals
Qingdao Higree Chemical
China Mk Group
Formosan Union
Mitsui Chemicals
Idemitsu
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Petroleum based Hydrocarbon Resin Market
Adhesives & Sealants
Printing Inks
Paints & Coatings
Rubber Compounding
Tapes & Labels
Others
Based on Types the Market is categorized into Below types that held the largest Petroleum based Hydrocarbon Resin market share In 2023.
C5 Resins
C9 Resins
Hydrogenated Hydrocarbon Resins
C5/C9 Resins
Global (United States, Global 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 Petroleum based Hydrocarbon 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 Petroleum based Hydrocarbon Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Petroleum based Hydrocarbon Resin Market, By Type
6. Global Petroleum based Hydrocarbon Resin Market, By Application
7. Global Petroleum based Hydrocarbon Resin Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Petroleum based Hydrocarbon Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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