Press release
Petroleum Resins Market Projected to Gain Significant Value by 2027 | Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxon Mobil Corporation and More
According to the latest report by IMARC Group, titled "Petroleum Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global petroleum resins market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027.Note: We are updating our reports, If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you via email within 24 to 48 hours.
Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/petroleum-resins-market/requestsample
Market Outlook:
Petroleum resins are synthetic hydrocarbons made by the polymerization of unsaturated monomers, such as olefins, diolefins, and aromatic vinyl compounds. They have low molecular weight and can range from liquids to brittle solids. They are widely used in coatings, printing and lithographic inks, paper, paints and varnishes, adhesives, rubber, and concrete-curing compounds.
Market Trends:
The escalating demand for green, sustainable, and low volatile organic compound (VOC) resins that are not harmful to humans or the environment represents one of the primary factors positively influencing the need for petroleum resins across the globe.
In addition, as petroleum resins have excellent adhesion and chemical resistance properties, they are finding extensive applications in adhesives and sealants, rubber compounding, and printing inks worldwide. In line with this, the increasing number of construction activities on account of rapid urbanization and inflating income levels is creating a positive outlook for the market.
Petroleum Resins Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global petroleum resins market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
• Arakawa Chemical Industries Ltd.
• Eastman Chemical Company
• Exxon Mobil Corporation
• Henan Anglxxon Chemical Co. Ltd
• Idemitsu Kosan
• KOLON Industries Inc.
• Lesco Chemical Limited
• Neville Chemical Company
• Puyang Changyu Petroleum Resins Co. Ltd.
• Seacon Corporation
• Total SE
• Zeon Corporation
Explore Full Report Description At: https://www.imarcgroup.com/petroleum-resins-market
Key Market Segmentation:
The report has segmented the global petroleum resins market on the basis of product, application, end use and region.
Based on Product:
• C5 resins
• C9 resins
• C5/C9 resins
• Hydrogenated resins
Based on Application:
• Paints
• Adhesives
• Printing inks
• Rubber and tires
• Tapes and labels
• Others
Based on End Use:
• Automotive
• Construction
• Packaging
• Consumer goods
• Personal hygiene
• Others
Geographical Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Make inquiry before purchase of this report: https://www.imarcgroup.com/request?type=report&id=3873&flag=F
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Browse Related Reports:
Chitosan Market: https://www.imarcgroup.com/chitosan-market
Linear Alpha Olefins Market: https://www.imarcgroup.com/linear-alpha-olefins-market
Cellulose Acetate Market: https://www.imarcgroup.com/cellulose-acetate-market
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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