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Petroleum Resin market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
The global Petroleum Resin market is projected to grow from US$ 5076.4 million in 2023 to US$ 7303.4 million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period.Get sample report
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Petroleum Resin Market
Petroleum resin is a kind of oligomer with molecular weight between 300-3000. Petroleum resins are produced from petroleum based feedstock aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene) or mixtures of these. After a series of process like polymerization and distillation, petroleum resins have good performance in thermos stability and chemical stability. In addition, petroleum resins can also adjust adhesiveness.
Generally, petroleum resins are widely used in various aspects to improve people's quality of life. Petroleum resins can be used in road marking paint, which ensures safe vehicle/human traffic, adhesive tape used for office uses, adhesives, printer ink and other applications.
The top 3 global producers of petroleum resins are ExxonMobil, Eastman and Kolon, with a combined market share of 27 percent. APAC is the largest consumer region, with a market share of about 55%.In terms of product, C5 petroleum resin is the largest segment, with a share over 35%. And in terms of application, the largest application is adhesive & sealant, followed by paint.
In terms of production side, this report researches the Petroleum Resin production, growth rate, market share by manufacturers and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
In terms of consumption side, this report focuses on the sales of Petroleum Resin by region (region level and country level), by company, by Type and by Application. from 2018 to 2023 and forecast to 2029.
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Segment by Type
• C5 Petroleum Resin
• C9 Petroleum Resin
• C5/C9 Petroleum Resin
• Hydrogenated Petroleum Resin
• Others
Segment by Application
• Paint
• Rubber
• Adhesive & Sealant
• Printing Ink
• Others
By Company
ExxonMobil, Eastman, Kolon, Cray Valley, ZEON, Formosan Union, Mitsui Chemicals, Arakawa Chemical, Rain Carbon, Resinall, Idemitsu, Neville, Shangdong Qilong, Zibo Luhua, Zhejiang Henghe, Jinhai Chenguang, Daqing Huake, Guangdong Xinhuayue, Fuxun Huaxing, Ecisco New Material
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