Press release
Petroleum Resin Market: Competitive Dynamics & Global Outlook 2023
Petroleum resin is a kind of oligomer with molecular weight between 300-3000. Petroleum resins are produced from petroleum based feedstock aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene) or mixtures of these. After a series of process like polymerization and distillation, petroleum resins have good performance in thermos stability and chemical stability. In addition, petroleum resins can also adjust adhesiveness.
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Global Petroleum Resin Market: Forecast by Type / Application / Region
Petroleum resin has several types, which include C5 petroleum resin, C9 petroleum resin, C5/C9 petroleum resin, hydrogenated petroleum resin and others. And hydrogenated petroleum resin is the mainstream product. With the development of economy, the downstream application industries will need more petroleum resin. So, petroleum resin has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high quality petroleum resin through improving manufacturing process.
The major raw materials for petroleum resin are C5 fraction and C9 fraction, etc. Fluctuations in the price of the upstream product will impact on the production cost of petroleum resin, and then impact the price of petroleum resin.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. According to the economy development status, the price presents decreasing trend from 2011 to 2015, and that showed increasing trend in 2016. And, there is decreasing trend in gross margin.
Over the next five years, LPI(LP Information) projects that Petroleum Resin will register a 3.7% CAGR in terms of revenue, reach US$ 4480 million by 2023, from US$ 3610 million in 2017.
Global Petroleum Resin Market: Key Players
ExxonMobil
Eastman
Kolon
TOTAL(Cray Valley)
ZEON
Formosan Union
Mitsui Chemicals
Arakawa Chemical
RÜTGERS Group
Resinall
Idemitsu
Neville
Shangdong Qilong
Zibo Luhua
Zhejiang Henghe
Jinlin Fuyuan
Puyang Changyu
Henan G&D
Guangdong Xinhuayue
Fuxun Huaxing
Daqing Huake
Shanghai Jinsen
Lanzhou Xinlan
Kete
Jinhai Chengguang
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Related Information:
United States Petroleum Resin Market Research Report 2018
Europe Petroleum Resin Market Research Report 2018
North America Petroleum Resin Market Research Report 2018
Asia-Pacific Petroleum Resin Market Research Report 2018
China Petroleum Resin Market Research Report 2018
EMEA Petroleum Resin Market Research Report 2018
Global Petroleum Resin Market Research Report 2018
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