Hydrocarbon Resins Market to Reach Valuation of US$ 4 Bn by 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.

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 -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.

𝐇𝐲𝐝𝐫𝐨𝐜𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

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.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&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.

𝐇𝐲𝐝𝐫𝐨𝐜𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=35270

𝐅𝐥𝐲 𝐀𝐬𝐡 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

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.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐲𝐝𝐫𝐨𝐜𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐬𝐢𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

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)

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=35270

Hydrocarbon Resins Market, by Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC Countries
o South Africa
o Egypt
o Nigeria
o Rest of Middle East & Africa

𝐆𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭:
Bitumen Market -https://www.accesswire.com/716840/Bitumen-Market-to-Reach-US-1453-Bn-by-2031-TMR-Study
Monochloroacetic Acid Market - https://www.prnewswire.com/news-releases/monochloroacetic-acid-market-to-rise-at-cagr-of-3-9-over-forecast-period-of-2022-2031-tmr-study-301630597.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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.
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Nikhil Sawlani
Transparency Market Research Inc.
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