Press release
Petroleum Resins Market Size, Top Global Key Players Analysis till 2023- BASF SE, Exxon Mobil Corporation, Idemitsu Kosan Co.Ltd., Cray Valley, The Dow Chemical Company
The Low molecular weight materials which are formed by polymerization of alkenes, alkynes and aromatic compounds acquired from the cracking of heavy carbon feedstock are called petroleum resins. It has various significant properties such as softening point, solubility and chemical as well as thermal resistance. It is used to provide flexibility, strength and imparts low-odor to the product.
The global petroleum resins market has been driven by the scope of its application in various sectors such as construction, automotive, packaging, personal hygiene, and others. Moreover, it is estimated that the construction segment is set to witness the highest growth in the market due to the growing consumption of hydrocarbon resins in water-proof structures and membranes.
Read More about Report @ https://www.marketresearchfuture.com/reports/petroleum-resins-market-4798
Major Key Players:
The Major Players operating in the Petroleum Resins Market are:
• 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),
• BASF SE (Germany),
• The Dow Chemical Company ( U.S.),
• Cray Valley (France),
• Neville Chemical Company(U.S.)
Market Segmentation:
The Global Petroleum Resins Market is categorized on the basis of Type, Application, and End User:
On The Basis Of Type-
• C5,
• C9,
• Hydrogenated Hydrocarbon,
• C5/C9
On The Basis Of Application-
• Adhesives,
• Paints & Coatings,
• Printing Inks
On The Basis Of End User-
• Construction,
• Automotive,
• Packaging,
• Personal Hygiene
Regional Analysis:
Geographically, Petroleum Resins Market is segmented across Five Regions in the world namely:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.
Asia Pacific holds a major portion of the global market and is anticipated to continue its dominance due to rising demand for petroleum resins market in various applications. Countries such as China, Japan and India are the major players in this region.
The North America region is estimated to witness a higher growth in the U.S., Canada and Mexico owing to increasing demand for aromatic compounds in packaging, healthcare, and energy sectors. A recognized growth is observed in the European region owing to the growing consumption of hydrocarbon resins in automotive and aerospace industries to produce lightweight vehicles. Moreover, it is projected that the advancing research & development of product in the market has propelled this region to witness a significant growth in Germany, the U.K. and Italy.
The Middle East & Africa is estimated to observe a significant growth due to increasing production of resins in oil & gas, petrochemical and automobile industries. Additionally, the growing demand of aromatic compounds in architectural, paints and coating industries is projected to boost the market in the Latin American region.
Request For Sample Report @
https://www.marketresearchfuture.com/sample_request/4798
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
+16468459312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Petroleum Resins Market Size, Top Global Key Players Analysis till 2023- BASF SE, Exxon Mobil Corporation, Idemitsu Kosan Co.Ltd., Cray Valley, The Dow Chemical Company here
News-ID: 1011219 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Petroleum
Green Petroleum Coke and Calcined Petroleum Coke Market : An Overview
Introduction:
Green petroleum coke (GPC) and calcined petroleum coke (CPC) are key by-products of the oil refining process. GPC, a carbon-rich material, is used primarily as a fuel in industries such as power generation and cement manufacturing. When subjected to high temperatures, GPC is transformed into CPC, which finds applications in aluminum smelting, steel manufacturing, and titanium dioxide production. Both materials are critical in various industrial processes due to their high…
Green Petroleum Coke and Calcined Petroleum Coke Market : An Overview
Introduction:
The green petroleum coke (GPC) and calcined petroleum coke (CPC) market is a critical segment of the global energy and materials industries. Green petroleum coke, a byproduct of crude oil refining, is an unprocessed carbon material used in various industrial applications. Calcined petroleum coke, produced by heating GPC at high temperatures, is primarily used in aluminum smelting, steel manufacturing, and chemical processes. With increasing demand for energy and industrial materials,…
Petroleum Jelly Petroleum Jelly Market Innovative Strategy by 2031 | Major Giant …
Petroleum Jelly Market: Introduction
Transparency Market Research delivers key insights on the global petroleum jelly market. In terms of value, the global petroleum jelly market is expected to expand at a CAGR of 4.26% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global petroleum jelly market.
Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72726
Petroleum jelly is used in the…
Global Liquefied Petroleum Gas Market 2020 Business Strategies – Chevron Corpo …
The market report titled “Liquefied Petroleum Gas Market By Source (Refinery, Associated Gas, and Non-Associated Gas) and By End-User (Residential & Commercial, Petrochemical & Refineries, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Liquefied Petroleum Gas Market market. The report willfunction as a medium for the better assessment of…
Natural Gas Market to Witness Huge Growth by 2025 | Qatar Petroleum, Sempra Ener …
The Global Natural Gas Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for…
Petroleum Coke Market Players British Petroleum, Marathon Petroleum Corporation
Introduction:
Petroleum coke or petcoke, a solid rock material is a byproduct of crude oil refining and other cracking processes. Although a refining byproduct, petroleum coke is considered as a valued commodity since 2008, all over the world. Crude oil remained after separating other valuable petroleum products from refining process such as diesel, lubricants, waxes, etc. can be processed further in cokers or other cracking processes to produce petroleum coke. Different…
