Press release
Hydrocarbon Resins Market to Reach US$ 3.7 Bn by 2030|Eastman Chemical Company, Exxon Mobil Corporation
Hydrocarbon Resins Market 2022-2030
In recent years, high growth has been witnessed of adhesives & sealants and paints & coatings industries. Increased use of hydrocarbon resins in the manufacturing of these products has surged market growth. With growth in these industries and production innovation, the global hydrocarbon resins market is anticipated to progress at a healthy growth rate over the next decade.
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The global hydrocarbon resins market is estimated to expand at a CAGR of around 7% by value during the forecast period of 2022-2030.
Key Players:
The report has profiled some of the important players prevalent in the global like - Eastman Chemical Company, Exxon Mobil Corporation, Total SA (Cray Valley), KOLON Industries Inc., Lesco Chemical Limited ZEON CORPORATION, and Arakawa Chemical Industries Ltd, and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Hydrocarbon Resins Market.
Key Takeaways from Hydrocarbon Resins Market Study
The global adhesives and sealants market has witnessed tremendous growth in recent years. Demand for hydrocarbon resins squarely grows with the growth of this industry.
The paper industry is also showing significant growth in the global market, which will result in increased demand for hydrocarbon resins in the coming years. In North America, increased supply of hydrogenated hydrocarbon resins is favoring market growth.
Demand for DCPD in China continues to be strong, resulting in higher prices for the same. Expansion of crude C5 extraction and processing capacity in China is adding to the growth of the global hydrocarbon resins market.
The global ink market is growing at a moderate CAGR, manly driven by emerging countries, which directly impacts the hydrocarbon resins market in a positive way.
High adoption of C5 hydrocarbon resins in road marking applications in emerging countries provides high CAGR growth to the paints & coatings segment. Adhesives & sealants account for the maximum market share in the global hydrocarbon resins market.
China is one of the countries with the fastest growth of petroleum resins in the world, with demand ever-increasing. Hydrocarbon resin manufacturers in China have huge export potential, and are actively expanding their overseas markets.
The COVID-19 pandemic has resulted in import-export, trade, and manufacturing restrictions. As such, demand for hydrocarbon resins from end-use industries will be adversely affected in the near term.
"Increased demand and application range of hydrocarbon resins and distinctive properties of each type are anticipated to bolster demand over the coming years. Competition in the global market is anticipated to intensify with increasing number of regional players and growing demand for hydrocarbon resins," says a PMR analyst.
Market Landscape Continues to Remain Moderately Fragmented
The competitive landscape in the global hydrocarbon resins market is competitive, with moderate fragmentation at regional and domestic levels. Tier-1 players account for more than one-third of the total market share. Key players are focused on capturing profitable growth through collaborations with end-use customers and continuing to meet or exceed targets through continued operational excellence.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Hydrocarbon Resins Market Manufacturers
Hydrocarbon Resins Market Distributors/Traders/Wholesalers
Hydrocarbon Resins Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Hydrocarbon Resins Market - Report Highlights
A detailed overview of parent market of Hydrocarbon Resins Market
Changing Hydrocarbon Resins Market dynamics in the industry
In-depth segmentation of the Hydrocarbon Resins Market
Historical, current, and projected Hydrocarbon Resins Market size regarding volume and value
Recent industry trends and developments in Hydrocarbon Resins Market
Competitive landscape of the Hydrocarbon Resins Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Hydrocarbon Resins Market performance
Must-have information for Hydrocarbon Resins Market players to sustain and enhance their market footprint
Key Questions Answered in the Hydrocarbon Resins Market Report
How is the Hydrocarbon Resins Market expected to grow over the projected period?
What direction is the Hydrocarbon Resins Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Hydrocarbon Resins Market in future?
What are the key market drivers in the Hydrocarbon Resins Market?
What are significant opportunities and improvement areas for Hydrocarbon Resins Market manufacturers?
What are the key developments and trends taking over the Hydrocarbon Resins Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Hydrocarbon Resins Market?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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