Press release
Hydrocarbon Resins Market to Reach Valuation of US$ 4 BN By 2031 at a CAGR of ~7% | Eastman Chemical Company, Exxon Mobil Corporation, Shandong Landun Petroleum Resin Co., Ltd., Puyang Tiancheng Chemical Co., Ltd., Shanghai Jinsen Hydrocarbon Resins Co.,
The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global hydrocarbon resins market in order to accurately gauge its future growth. The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the global hydrocarbon resins market so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how the global hydrocarbon resins market would expand during the forecast period of 2021 to 2031.
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The report offers intricate dynamics about different aspects of the global hydrocarbon resins market, which aids companies operating in the market in making strategic development decisions. TMR’s study also elaborates on significant changes that are highly anticipated to configure growth of the global hydrocarbon resins market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global hydrocarbon resins market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (Kilo Tons).
This study covers a detailed segmentation of the global hydrocarbon resins market, along with key information and a competitive outlook. The report mentions company profiles of players that are currently dominating the global hydrocarbon resins market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.
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Key Questions Answered in TMR’s Report on Hydrocarbon Resins Market
The report provides detailed information about the global hydrocarbon resins market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global hydrocarbon resins market, so as to help them design successful strategies and make target-driven decisions.
Which application segment of the global hydrocarbon resins market would emerge as a major revenue generator during the forecast period?
How are key market players successfully earning revenues out of advantages of hydrocarbon resins?
What would be the Y-o-Y growth trend of the global hydrocarbon resins market between 2021 and 2031?
What are the winning imperatives of leading players operating in the global hydrocarbon resins market?
Which type segment is expected to create lucrative opportunities for the global hydrocarbon resins market during the forecast period?
Which are leading companies operating in the global hydrocarbon resins market?
Hydrocarbon Resins Market: Overview
Hydrocarbon resins are defined as glass-like oligomers that are produced by polymerization of by-product streams, such as aliphatic (C5), aromatic (C9), and DCPD (dicyclopentadiene), which are derived primarily from the cracking of petroleum hydrocarbons for the production of ethylene. These hydrocarbon resins can be later hydrogenated to improve color, odor, and stability, as well as modifying compatibility. Hydrocarbon resins are brittle or gummy materials prepared by the polymerization of several unsaturated constituents of coal tar, rosin, or petroleum.
Hydrocarbon resins are characterized by their tack and tack retention, excellent binding properties, high resistance to moisture, UV stability, and good compatibility and solubility. Other properties such as high thermal stability, light color, polymer compatibility, low odor, and excellent cold resistance also make them ideal for a wide range of end uses.
Hydrocarbon resins are employed as tackifiers, performance modifiers, and homogenizing agents. They are extensively employed in the manufacture of rubbers, coatings, printing inks, and adhesives. Major applications of hydrocarbon resins are hot melts, PSA tapes, and labels.
According to Transparency Market Research’s latest research report on the global hydrocarbon resins market for the historical year 2020 and the forecast period 2021 to 2032, rise in usage of hydrocarbon resins in the building & construction industry is the key factor that is expected to boost the global hydrocarbon resins market during the forecast period
In terms of revenue, the global hydrocarbon resins market is expected to reach US$ 4 Bn by 2031, expanding at a CAGR of ~7% during the forecast period
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Keywords
Hydrocarbon Resins Market
Hydrocarbon Resins Market Share
Demand for Hydrocarbon Resins
Sales of Hydrocarbon Resins
Hydrocarbon Resins Sales Demand
Hydrocarbon Resins Market Forecast
Hydrocarbon Resins Sales Forecast
Hydrocarbon Resins Demand forecast
US Hydrocarbon Resins Market
Canada Hydrocarbon Resins Market
Europe Hydrocarbon Resins Market
Middle East Hydrocarbon Resins market
Companies Mentioned
Eastman Chemical Company
Exxon Mobil Corporation
Shandong Landun Petroleum Resin Co., Ltd.
Puyang Tiancheng Chemical Co., Ltd.
Shanghai Jinsen Hydrocarbon Resins Co., Ltd
Kolon Industries, Inc.
Lesco Chemical Limited
Henan Anglxxon Chemical Co., Ltd.
Arakawa Chemical Industries, Ltd.
RESIN CHEMICALS CO., LTD
Neville Chemical Company
ZEON CORPORATION
Dycon Chemicals
Cray Valley
Idemitsu Kosan Co., Ltd.
Countries Covered
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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