Press release
Petroleum Resin Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Zeon Corporation and Innova Chemical Co. Ltd.
The growth of the petroleum resin market is influenced by factors such as growing demand from end-use industries, increasing demand for packaging materials, expansion of the construction industry, and technological advancements.The petroleum resin market is expected to grow steadily during the projected period.
Petroleum resin is a type of thermoplastic resin derived from petroleum feedstock and is known for its excellent adhesion, tackiness, and compatibility with a wide range of materials. They are widely used in the adhesive, coatings, and printing industries, among others. They are also used as binders, tackifiers, and modifiers to improve the properties of various products such as adhesives, sealants, inks, and paints. Petroleum resins are widely used in the adhesive, coatings, and printing industries, among others. The growth of these end-use industries is driving the demand for petroleum resins as they improve these products' adhesion, viscosity, and other properties.
Moreover, the increasing demand for packaged food, consumer goods, and e-commerce have led to the growth of the packaging industry, which, in turn, is fueling the demand for petroleum resins. Similarly, the growth of the construction industry, driven by the increasing demand for infrastructure and housing, is also expected to boost the growth of the petroleum resin market. For instance, according to data from the European Union, global infrastructure investments went up from US$2.7 trillion in 2019 to US$2.8 trillion in 2022.
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The Petroleum Resin Market has been categorized based on type, application, industry vertical, and geography.
This market is classified into Aliphatic, Aromatic, and others by type.
Based on application, the classification has been done into Paints & Coatings, Printing Inks, Adhesives, Concrete, Softening Agent, and others. The market has been classified by industry vertical into Automotive, Aerospace, Building & Construction, Rubber, and others. The Automotive and Aerospace industry is expected to witness significant growth in this segment.
By region, Asia-Pacific is expected to show the maximum growth potential in the petroleum resin market as the growth of the packaging, automotive, and construction industries in these countries contribute to the increased demand for petroleum resins. Additionally, the market is expected to experience growth in the region due to the development of new and advanced petroleum resins that cater to specific application requirements and the increasing investment in research and development endeavors.
The major players covered in the Petroleum Resin Market are Zeon Corporation, Innova Chemical Co. Ltd, Shandong Landun Petroleum Resin Co., Ltd., and Mark Impex.
This Petroleum Resin Market has been analyzed into the following segments:
• By Type
o Aliphatic
o Aromatic
o Others
• By Application
o Paints & Coatings
o Printing Inks
o Adhesives
o Concrete
o Softening Agent
o Others
• By Industry Vertical
o Automotive
o Aerospace
o Building & Construction
o Rubber
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
o Middle East and Africa
• Saudi Arabia
• Israel
• United Arab Emirates
• Others
o Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Indonesia
• Thailand
• Taiwan
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/adhesive-resin-market
• https://www.knowledge-sourcing.com/report/ink-resin-market
• https://www.knowledge-sourcing.com/report/water-based-resins-market
• https://www.knowledge-sourcing.com/report/polyamide-resins-market
• https://www.knowledge-sourcing.com/report/phenolic-resins-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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