Petroleum Resin Market 2021 Facts, Figures and Analytical Insights: ExxonMobil, Eastman, Kolon, TOTAL(Cray Valley), ZEON, Formosan Union, Mitsui Chemicals, Arakawa Chemical, RTGERS Group

Petroleum Resin Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Petroleum Resin market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

Petroleum Resin market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 3949.6 million in 2020. Over the next five years the Petroleum Resin market will register a 3.7% CAGR in terms of revenue, the global market size will reach US$ 4573.5 million by 2026.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Petroleum Resin Market: ExxonMobil, Eastman, Kolon, TOTAL(Cray Valley), ZEON, Formosan Union, Mitsui Chemicals, Arakawa Chemical, RTGERS Group, Resinall, Idemitsu, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Jinlin Fuyuan, Puyang Changyu, Henan G&D, Guangdong Xinhuayue, Fuxun Huaxing and others.

Industry News and Updates:

ExxonMobil Singapore butyl and resins plants begin production

June 20, 2018 -- SINGAPORE — ExxonMobil said today it has started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore, the company’s largest integrated refining and petrochemical complex in the world.

ExxonMobil’s new EscorezTM hydrogenated hydrocarbon resins plant will be the world’s largest with a capacity of 90,000 tonnes per year, and will meet long-term demand growth for hot-melt adhesives used in packaging or baby diapers. The new 140,000-tonnes-per-year butyl plant will produce premium halobutyl rubber used by manufacturers for tires that better maintain inflation to improve fuel economy.

Keeping tires properly inflated can help save about a billion gallons (or 38 billion liters) of fuel and result in an estimated emissions reduction of eight million tonnes of carbon dioxide per year, equivalent to the emissions of about 2.5 million cars worldwide. Construction of the multi-billion dollar expansion project was completed safely and on schedule. The project employed more than 5,500 contract workers at the peak of construction. The plants add 140 jobs to ExxonMobil’s existing workforce of more than 2,500 at its Singapore manufacturing complex. ExxonMobil has more than 4,000 employees in Singapore.

Kolon expands hydrocarbon resins production, becomes global No.2 maker

Jun 21, 2021: South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocarbon resin (HCR) manufacturing. The addition gives Kolon a total capacity of 200,000 tons annually, making it the second-largest manufacturer in the world.

Kolon Industries said on June 21 that the company has completed the expansion of its HCR production plant in Yeosu, South Jeolla Province. The expanded facility will be producing high reactive resins (HRRs), a type of HCR developed in-house by Kolon Industries for the first time in the world. HRRs, compared to the existing range of adhesives, contain fewer toxins and have superior thermal resistance and durability, making them suitable for a wide range of industrial uses from automobiles to construction. 

Global Petroleum Resin Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

C5 Petroleum Resin
C9 Petroleum Resin
C5/C9 Petroleum Resin
Modified Petroleum Resin
Others

On the basis of Application, the market is segmented into:

Paint
Rubber
Adhesive & Sealant
Printing Ink
Others

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Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Petroleum Resin market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Petroleum Resin market deployed in the region. While an important piece of the Petroleum Resin market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Petroleum Resin market: Where are the opportunities? What does the future look like for Petroleum Resin? What will be the market size in the next 5 years?
Petroleum Resin Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Petroleum Resin market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Petroleum Resin market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

Browse Related Reports:

Hydrogenation Petroleum Resins Market: Hydrogenation Petroleum Resins market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 1640.5 million in 2020. Over the next five years the Hydrogenation Petroleum Resins market will register a 4.8% CAGR in terms of revenue, the global market size will reach US$ 1976.8 million by 2026.

https://www.marketinsightsreports.com/reports/06223007365/global-hydrogenation-petroleum-resins-market-growth-2021-2026?source=Openpr&Mode=XXV                                   

Rubber Grade Petroleum Resin Market:

https://www.marketinsightsreports.com/reports/06223004988/global-rubber-grade-petroleum-resin-market-growth-2021-2026?source=Openpr&Mode=XXV                                        

Hot Melt Grade Petroleum Resin Market:

https://www.marketinsightsreports.com/reports/06223004986/global-hot-melt-grade-petroleum-resin-market-growth-2021-2026?source=Openpr&Mode=XXV                               

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