Petroleum Resin Market likely to witness an impressive CAGR of 9.2% by 2025, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Petroleum Resin Market scenarios and has also estimated the Petroleum Resin Market size to reach grow at CAGR of 9.2% by 2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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Petroleum Resin is mainly resin that is derived from the fractions of cracked petroleum. They are much different than high polymers like polypropylene and polystyrene. Earlier, these resins used to be unstable, dark, and soft in nature but now it has got improved over time.
Petroleum resin can be of various types such as hydrogenated hydrocarbon resins, aromatic C9 resins, and many others. They have a tackifying property that makes it suitable for applications such as in varnishes, paint, printing ink, adhesives, rubber, and many others.

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https://www.stratviewresearch.com/563/petroleum-resin-market.html
Based on the application type, the market is segmented as adhesives & sealants, paints & coatings, printing inks, rubber compounding, tapes & labels, and others. In 2018, the adhesives & sealants segment held the largest share against their onshore application counterparts. The paints & coatings segment is expected to depict the highest growth in the coming five years.
In terms of regions, Asia-Pacific is leading the market for petroleum resins. China and India are the growth engines of the region. The increasing claim for petroleum resins in this region is mainly bolstered by their applications in building & construction. The presence of giant market players in the region also significantly attributes to the high demand for petroleum resins. North America is estimated to be the second-largest customer of petroleum resins, across the globe. The market in this region is mainly fueled by the burgeoning growth opportunities from automotive, personal hygiene, and tire industries. Latin America is estimated to be the second fastest-growing market during the forecast.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/563/petroleum-resin-market.html

Highlights of the Report:
As per Stratview Research, Petroleum resin market is likely to witness an impressive CAGR of 9.2% during the forecast period. The petroleum resin market is driven by the development of various end-use industries, such as building & construction, automotive, personal hygiene, and tire industry. Petroleum resins are employed to deliver chemical confrontation, pressure, and adhesion-resistance characteristics in these sectors.

Some of the major players in the petroleum resin market are Arakawa Chemical Industries Limited, Anglxxon Chemical Co., Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Innova (Tianjin) Chemical Co., Limited, Kolon Industries, Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Ruisen Petroleum Resins Co., Ltd., and Seacon Corporation.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Petroleum resin market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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This release was published on openPR.