Press release
Hydrocarbon Resins Market Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031
Transparency Market Research delivers key insights on the global hydrocarbon resins market. In terms of revenue, the global hydrocarbon resins market is estimated to expand at a CAGR of 6.7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global hydrocarbon resins market.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/hydrocarbon-resins-market.html
The global hydrocarbon resins market is broadly affected by several factors, including usage of hydrocarbon resins in hot melt adhesives. Thus, increase in applications of hydrocarbon resins in adhesives and sealants is propelling the global hydrocarbon resins market.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35270
๐๐ฒ๐๐ซ๐จ๐๐๐ซ๐๐จ๐ง ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The increase in the demand for hydrocarbon resins in the building & construction industry is expected to boost the global hydrocarbon resins market during the forecast period. The expansion of the building & construction industry in India and China is projected to boost the consumption of hydrocarbon resins during the forecast period.
Hydrocarbon resins offer several benefits over other resin counterparts. C5 aliphatic and C9 aromatic resins can be modified and used for various industrial purposes. This includes hydrogenation of all hydrocarbon resins to improve color, odor, and stability, as well as modifying compatibility.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=35270
Compared with rosin-based resins and polyterpene-based resins, hydrocarbon resins possess various benefits such as high thermal stability, polymer compatibility, light color, low odor, direct food contact, and excellent cold resistance. These benefits provide hydrocarbon resins an advantage over their counterparts. This, in turn, propels the demand for hydrocarbon resins.
Hydrocarbon resins considerably increase the bond strength of hot melt adhesives immediately on contact with another substrate, with low pressure or without pressure. This is projected to fuel the demand for hot melt adhesives, thus boosting the hydrocarbon resins market across the globe during the forecast period.
๐๐ฒ๐๐ซ๐จ๐๐๐ซ๐๐จ๐ง ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Asia Pacific is a prominent producer and consumer of hydrocarbon resins across the globe. The demand for hydrocarbon resins is anticipated to increase at a rapid pace in Asia Pacific compared to that in other regions. This can be ascribed to the increase in the demand for hydrocarbon resins in developing countries such as China and India in the region.
Europe accounts for a significant share of the global hydrocarbon resin market. Countries and sub-regions such as Germany, France, and Russia & CIS hold key share of the hydrocarbon resins market in the region. Europe is a key region for automotive and building & construction industries. Furthermore, countries such as Germany, Spain, France, and the U.K. are among the leading producers of automobiles in the world.
North America, especially the U.S., is expected to create significant opportunities for the hydrocarbon resins market during the forecast period, due to the expansion of paints & coatings, adhesives & sealants, automotive, and building & construction industries in the country.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=35270
๐๐ฒ๐๐ซ๐จ๐๐๐ซ๐๐จ๐ง ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The global hydrocarbon resins market is consolidated with the presence of a few large players. Key players operating in the global hydrocarbon resins market are Eastman Chemical Company, ExxonMobil Corporation, Shandong Landun Petroleum Resin Co., Ltd., Puyang Tiacheng Chemical Co., Ltd., and Shanghai Jinsen Hydrocarbon Resins Co., Limited.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฒ๐๐ซ๐จ๐๐๐ซ๐๐จ๐ง ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Hydrocarbon Resins Market, by Type
C5 Petroleum Resins
C9 Petroleum Resins
C5/C9 Petroleum Resins
Hydrogenated Hydrocarbon Resins
Hydrocarbon Resins Market, by Application
Adhesives & Sealants
Printing Inks
Rubber Compounding
Paints & Coatings
Tapes & Labels
Others (including Lubricants)
Hydrocarbon Resins Market, by End User
Building & Construction
Personal Hygiene
Tires
Automotive
Others (including Oil & Gas)
Hydrocarbon Resins Market, by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Egypt
Nigeria
Rest of Middle East & Africa
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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