Hydrocarbon resins market is is projected to reach US$ 2,730.83 million by 2028

The Hydrocarbon resins market was valued at US$ 1,921.30 million in 2021 and is projected to reach US$ 2,730.83 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028. Hydrocarbon resins are made from petroleum-based feedstock. The raw materials required for hydrocarbon resins manufacturing include various by products of naphtha crackers. There are various ways of producing hydrocarbon resins with different chemical compositions and softening points. The report provides an exhaustive overview of the key factors contributing to this growth. Proceeding further, the report also focusses on challenges that are likely to hinder revenue generation over the forecast timeframe and includes measures to subdue their impact.

The growing use of hydrocarbon resins in paints and coatings is expected to strengthen the hydrocarbon resins market growth during the forecast period. The use of hydrocarbon resins in paints provides enhanced adhesion, gloss, and superior pigment wetting. Hydrocarbon resins offer increased water repellent property, glossiness, and anti-UV property of the film. The research document studies the market extensively at a granular level by dividing it into segments based on By Type and Application. Statistical data such as growth rate, market share, and valuation of each segment, sub-segment, region and country is incorporated in the report. The report also provides crucial insights into growth stimulants and challenges faced by each segment and their impact on revenue generation and market growth.

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The Covid-19 pandemic and resulting safety measures have affected global markets to a great extent. Supply chain problems have resulted in shortages, rise in prices, and limited availability of some products. Various prominent businesses declared bankruptcy which has increased uncertainty in the stock market.

The global Hydrocarbon resins market report sheds a light on the impact of COVID-19 on each segment and geography and also showcases market trends and forecast to 2028, thus covering COVID-19 impact thoroughly.

Our Sample Report includes a brief introduction of the research report, TOC, list of tables and figures, competitive landscape rundown and geographic segmentation overview, innovation and future developments based on research methodology

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The research literature includes data from primary and secondary sources. A detailed company profile of each player is provided including organic and inorganic growth strategies, partnerships, collaborations, product launches, product approvals, expansions and other key developments. These activities have paved way for the expansion of businesses and enlarged the customer base of leading market players. Our full report provides exclusive access to crucial data about leading companies such as their growth rate, market share, valuation, SWOT analysis and strategies used to maximise profits or deal with issues.

Some of the key players profiled in the report are:
1. Eastman Chemical Company
2. EXXON MOBIL CORPORATION
3. Kolon Industries Inc.
4. Shandong Landun Petroleum Resin Co., Ltd.
5. Puyang Tiancheng Chemical Co., Ltd.
6. Shanghai Jinsen Hydrocarbon Resins Co., Ltd
7. Lesco Chemical Limited
8. Henan Anglxxon Chemical Co.,Ltd.
9. Arakawa Chemical Industries,Ltd.
10. RESIN CHEMICALS CO., LTD

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Hydrocarbon resins Market in these regions.
REGIONAL FRAMEWORK
The report provides a detailed rundown of the industry after examining both qualitative and quantitative aspects. It also entails market size and forecast estimates from the year 2021 to 2028 with respect to five major regions. The Hydrocarbon resins market for each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in Global Hydrocarbon resins Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

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Key Features of HYDROCARBON RESINS Market Report:
• Identify the growth, size, leading players and segments in the global Hydrocarbon resins market.
• Highlight key business priorities and help companies in adopting business strategies accordingly.
• The key findings and recommendations highlight crucial progressive industry trends in the global Hydrocarbon resins market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by gaining actionable insights about organic and inorganic growth strategies adopted by other players.
• Analyse global market trends and outlook thoroughly along with the factors driving and hindering the market

If you have any queries about this report or if you would like further information, please contact us:
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.