Hydrocarbon Resins Market to Record CAGR of 7.0% Increase in Revenue by 2030

During the forecast period of 2020-2030, the worldwide hydrocarbon resins market is anticipated to grow at a CAGR of almost 7% by value.

Hydrocarbon Resins Market - Report Scope

Persistence Market Research (PMR) recently published a report on the global hydrocarbon resins market. The report provides a detailed assessment of key market dynamics such as drivers, trends, opportunities, and restraints along with detailed information on the structure of the Hydrocarbon Resins market. Adhesives and coatings are the largest end-use segments for hydrocarbon resins. The increasing demand for adhesives and coatings in the packaging and construction industries is driving the growth of the hydrocarbon resins market.

Hydrocarbon resins are a class of polymer materials made from petroleum-based products such as styrene and C5-C9 hydrocarbons. These resins are used in various applications including adhesives, hot melt adhesives, inks, coatings, rubber, and plastics. The global hydrocarbon resins market is expected to grow in the coming years due to increasing demand from various industries.

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This study is relevant to stakeholders in the hydrocarbon resins market as well as manufacturers, distributors, suppliers and investors and can help them understand applicable strategies to grow in the market. Business researchers as well as stakeholders, investors, industry experts, researchers and journalists in the hydrocarbon resins market can benefit from the information and statistics presented in PMR's research reports.

The report contains facts and figures pertaining to macro and macroeconomic factors influencing the growth of the Hydrocarbon Resins Market. This study also provides actionable insights based on future trends in the hydrocarbon resins market. Additionally, regional players and new entrants in the hydrocarbon resins market can also use the information presented in this report to make business decisions and gain momentum in the market.

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Hydrocarbon Resins Market: Research Methodology

PMR's research report utilizes a proprietary research methodology to conduct a comprehensive study on the development of the hydrocarbon resins market and reach conclusions on the future growth factors of the market. In this research methodology, analysts utilize secondary and primary research to ensure the accuracy and reliability of conclusions.

Secondary resources include the World Bank, IMF, US Energy Information Administration, International Energy Agency, regional and regional government websites, white papers, trade journals, and external and internal databases. Analysts closely interviewed several industry experts, such as sales supervisors, sales operations managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers, to provide insightful information.

Comprehensive information obtained from primary and secondary sources has been verified by companies operating in the hydrocarbon resins market, making PMR's forecasts of the market's growth prospects more accurate and reliable.

Key Segments of Hydrocarbon Resins Market

Type

• C5 Resins
• Hydrogenated
• Non-hydrogenated
• C9 Resins
• Hydrogenated
• Non-hydrogenated
• Pure Monomers
• C5/C9 Resins
• DCPD
• Others

Application

• Adhesives & Sealants
• Printing Inks
• Paints & Coatings
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

Key Questions Answered in PMR's Hydrocarbon Resins Market Report

• Which region is anticipated to hold a prominent market share over the forecast period?
• What will be the key driving factors propelling the demand for hydrocarbon resins during the forecast period?
• How will current trends impact the hydrocarbon resins market?
• Who are the significant market participants in the hydrocarbon resins market?
• What are the crucial strategies of prominent players in the hydrocarbon resins market to upscale their positions in this landscape?

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Read more:

https://www.prnewswire.co.uk/news-releases/hydrocarbon-resins-market-is-estimated-to-expand-at-a-cagr-of-around-7-by-value-during-the-forecast-period-of-2020-2030-828306104.html

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This release was published on openPR.