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Hydrocarbon Resins Market Growth Driven by 6.8% CAGR Through 2030

01-09-2025 05:15 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Hydrocarbon Resins Market

Hydrocarbon Resins Market

๐‡๐ฒ๐๐ซ๐จ๐œ๐š๐ซ๐›๐จ๐ง ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐Ÿ๐จ๐ซ ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ข๐œ๐š๐ง๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global hydrocarbon resins market is on a robust growth trajectory, with projections indicating it will reach approximately USD 3.08 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030.

This growth is primarily driven by manufacturers' increasing focus on producing cost-effective products and the rising demand from end-use industries such as adhesives, paints, coatings, and rubber compounding.

๐‡๐ฒ๐๐ซ๐จ๐œ๐š๐ซ๐›๐จ๐ง ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Hydrocarbon resins are amorphous thermoplastic polymers derived from the polymerization of unsaturated hydrocarbons. They play a crucial role in enhancing the performance characteristics of adhesives, coatings, and inks by improving tackiness, adhesion, and resistance properties. The market's expansion is attributed to the growing applications of hydrocarbon resins across various industries, including automotive, construction, and packaging.

๐“๐จ ๐๐ž๐ฅ๐ฏ๐ž ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/130807/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž

Vietnam's burgeoning industrial sector presents significant opportunities for the hydrocarbon resins market. The country's expanding manufacturing base, particularly in the automotive and electronics industries, is driving the demand for adhesives and coatings, thereby boosting the need for hydrocarbon resins. Additionally, Vietnam's strategic location and favorable trade agreements make it an attractive destination for foreign investments, further propelling market growth.

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…

Thailand's well-established automotive and construction industries are key contributors to the hydrocarbon resins market growth. The increasing production of vehicles and infrastructure development projects necessitate high-performance adhesives and coatings, which, in turn, drive the demand for hydrocarbon resins. Moreover, Thailand's commitment to becoming a regional hub for automotive manufacturing underscores the potential for market expansion.

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

In Japan, the hydrocarbon resins market is influenced by the country's advanced technological landscape and emphasis on innovation. The electronics and automotive sectors' demand for high-quality adhesives and coatings fuels the market. Additionally, Japan's focus on sustainable and environmentally friendly products is leading to the development of low-VOC (volatile organic compounds) hydrocarbon resins, aligning with global environmental standards.

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚

South Korea's petrochemical industry is undergoing consolidation to address challenges such as overcapacity and high energy costs. Major players are streamlining operations and exploring mergers and acquisitions to enhance competitiveness. For instance, ๐Œ๐ข๐ญ๐ฌ๐ฎ๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ announced plans to close certain plants and consider aggregating ethylene equipment in collaboration with ๐ˆ๐๐ž๐ฆ๐ข๐ญ๐ฌ๐ฎ ๐Š๐จ๐ฌ๐š๐ง, reflecting a strategic approach to market dynamics.

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ผ๐’‘๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†

Singapore's strategic position as a petrochemical hub is undergoing transformation with significant corporate activities. ๐’๐ก๐ž๐ฅ๐ฅ has divested its refinery and petrochemical assets in Singapore to a joint venture between ๐‚๐ก๐š๐ง๐๐ซ๐š ๐€๐ฌ๐ซ๐ข ๐š๐ง๐ ๐†๐ฅ๐ž๐ง๐œ๐จ๐ซ๐ž, aligning with its strategy to reduce carbon footprint and focus on core businesses. This move indicates a shift towards sustainable practices and portfolio optimization in the hydrocarbon resins market.

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ซ๐’š๐’๐’‚๐’Ž๐’Š๐’„๐’” ๐’Š๐’ ๐’•๐’‰๐’† ๐‘ผ.๐‘บ.

The United States remains a significant player in the hydrocarbon resins market, with a strong presence of key manufacturers and a robust end-user industry base. The demand is driven by sectors such as construction, automotive, and packaging. However, challenges like overcapacity and the need for sustainable product offerings are prompting companies to innovate and adapt to changing market conditions.

๐‘ฏ๐’š๐’…๐’“๐’๐’„๐’‚๐’“๐’ƒ๐’๐’ ๐‘น๐’†๐’”๐’Š๐’๐’” ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ซ๐’†๐’—๐’†๐’๐’๐’‘๐’Ž๐’†๐’๐’•๐’” ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†

Europe's hydrocarbon resins market is characterized by a focus on sustainability and regulatory compliance. The region's stringent environmental regulations are driving the development of eco-friendly resins with low VOC emissions. Additionally, the market is witnessing consolidation, with companies like ๐ˆ๐๐„๐Ž๐’ acquiring ๐“๐จ๐ญ๐š๐ฅ๐„๐ง๐ž๐ซ๐ ๐ข๐ž๐ฌ' share in joint ventures to become sole owners of production units, aiming to enhance operational efficiency and market share.

๐ˆ๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐š๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/130807/

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

The hydrocarbon resins industry is experiencing significant corporate restructuring and strategic initiatives globally:

๐„๐ฑ๐ฑ๐จ๐ง๐Œ๐จ๐›๐ข๐ฅ announced the shutdown of its steam cracker and chemical production at the Gravenchon site in France, citing uncompetitive operations.
๐…๐จ๐ซ๐ฆ๐จ๐ฌ๐š ๐๐ž๐ญ๐ซ๐จ๐œ๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ has been operating only one out of its three naphtha crackers due to poor demand and margins, indicating a cautious approach to production amidst challenging market conditions.
๐ˆ๐๐„๐Ž๐’ ๐š๐œ๐ช๐ฎ๐ข๐ซ๐ž๐ ๐“๐จ๐ญ๐š๐ฅ๐„๐ง๐ž๐ซ๐ ๐ข๐ž๐ฌ' 50% share in several businesses, becoming the sole owner of units at Lavera in southern France, reflecting a strategic move to consolidate operations.
๐Œ๐ข๐ญ๐ฌ๐ฎ๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ announced plans to close its phenol plant at Ichihara Works by fiscal year 2026 and is considering aggregating ethylene equipment in collaboration with ๐ˆ๐๐ž๐ฆ๐ข๐ญ๐ฌ๐ฎ ๐Š๐จ๐ฌ๐š๐ง, indicating a strategic response to market challenges.
๐’๐ก๐ž๐ฅ๐ฅ sold its refinery and petrochemical assets in Singapore to a joint venture between ๐‚๐ก๐š๐ง๐๐ซ๐š ๐€๐ฌ๐ซ๐ข ๐š๐ง๐ ๐†๐ฅ๐ž๐ง๐œ๐จ๐ซ๐ž, aligning with its strategy to focus on core businesses and sustainability.
๐’๐š๐ฎ๐๐ข ๐€๐ซ๐š๐ฆ๐œ๐จ increased its stake in the ๐๐ž๐ญ๐ซ๐จ ๐‘๐š๐›๐ข๐ ๐ก joint venture by acquiring an additional 22.5% from ๐’๐ฎ๐ฆ๐ข๐ญ๐จ๐ฆ๐จ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ, indicating a strategic investment in petrochemical assets.

๐‡๐ฒ๐๐ซ๐จ๐œ๐š๐ซ๐›๐จ๐ง ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

C5 Petroleum Resins
C9 Petroleum Resins
C5/C9 Petroleum Resins
Hydrogenated Hydrocarbon Resins

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Adhesives & Sealants
Printing Inks
Rubber Compounding
Paints & Coatings
Tapes & Labels
Others (including Lubricants)

๐›๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Building & Construction
Personal Hygiene
Tires
Automotive
Others (including Oil & Gas

๐’๐ž๐ž๐ค๐ข๐ง๐  ๐š ๐ญ๐ก๐จ๐ซ๐จ๐ฎ๐ ๐ก ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ ? ๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/130807/

๐‡๐ฒ๐๐ซ๐จ๐œ๐š๐ซ๐›๐จ๐ง ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Eastman Chemical Company
2. Exxon Mobil Corporation
3. Total SA (Cray Valley)
4. KOLON Industries Inc.
5. Lesco Chemical Limited
6. ZON CORPORATION
7. Arakawa Chemical Industries Ltd.
8. Shadong Landun Petroleum Resin Co., Ltd.
9. Puyang Tiacheng Chemcal Co., Ltd.
10. Shanghai Jinsen Hydrocarbon Resins Co, Ltd.
11. Neville Chemical Company
12. HIGREE
13. Cray Valley
14. RรœTGERS Group
15. Qingdao Bater Chemical
16. Qingdao Eastsun New Materials Corporation
17. MITSUI CHEMICALS AMERICA
18. Others

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ญ๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฐ๐š๐ฏ๐ž๐ฌ:

Global Automated Waste Collection System (AWCS) Market https://www.maximizemarketresearch.com/market-report/global-automated-waste-collection-system-awcs-market/88188/

Compactors Market https://www.maximizemarketresearch.com/market-report/compactors-market/76267/

Global Portable Mini Fridge Market https://www.maximizemarketresearch.com/market-report/global-portable-mini-fridge-market/22206/

Interactive Advertising Market https://www.maximizemarketresearch.com/market-report/global-interactive-advertising-market/55657/

Global Ethernet Controller Market https://www.maximizemarketresearch.com/market-report/global-ethernet-controller-market/25613/

Global Circular Connectors Market https://www.maximizemarketresearch.com/market-report/global-circular-connectors-market/112229/

Canada Baby Food Market https://www.maximizemarketresearch.com/market-report/canada-baby-food-market/39863/

Global Processed Mango Product Market https://www.maximizemarketresearch.com/market-report/global-processed-mango-product-market/42767/

Global Zircon Sand Market https://www.maximizemarketresearch.com/market-report/global-zircon-sand-market/89123/

Global Magnetic Separator Market https://www.maximizemarketresearch.com/market-report/global-magnetic-separator-market/116659/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to Grow at a 5.59% CAGR Through 2032
09-05-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to โ€ฆ
Chemical Protective Clothing Market size was valued at USD 1.57 Billion in 2024 and the total Chemical Protective Clothing revenue is expected to grow at a CAGR of 5.59% from 2025 to 2032, reaching nearly USD 2.42 Billion. Chemical Protective Clothing Market Overview: The Chemical Protective Clothing (CPC) market comprises garments and accessories specifically designed to shield workers from exposure to hazardous chemicals, liquids, and particulate matter across a wide range ofโ€ฆ
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR Growth to 2032
09-05-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR โ€ฆ
Prefabricated Homes Market size was valued at USD 18.58 Billion in 2024 and the total Prefabricated Homes revenue is expected to grow at a CAGR of 6.19% from 2025 to 2032, reaching nearly USD 30.04 Billion. Prefabricated Homes Market Overview: The prefabricated homes market, also known as modular or off-site construction, involves the manufacturing of building components in a controlled factory environment before their assembly at the final location. This method revolutionizesโ€ฆ

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More Releases for Resin

11-08-2024 | Chemicals & Materials
Verified Market Research
Alkyd Resin Market
The "Alkyd Resin Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.ย  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Alkyd Resin Market, 2024-2031 Verified Market Research's most recent report, "Alkyd Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examinationโ€ฆ
10-07-2024 | Advertising, Media Consulting, โ€ฆ
Market Research Intellect
Water Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, Hex โ€ฆ
๐”๐’๐€, ๐๐ž๐ฐ ๐‰๐ž๐ซ๐ฌ๐ž๐ฒ- According to the MRI Team's Market Research Intellect, the global Water Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.58% between 2024 and 2031. The market is expected to grow to USD 68 Billion by 2024. The valuation is expected to reach USD 199.02 Billion by 2031. The market for water-based amino resin is expanding rapidly due to the growingโ€ฆ
10-07-2024 | Advertising, Media Consulting, โ€ฆ
Market Research Intellect
Solvent Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, A โ€ฆ
๐”๐’๐€, ๐๐ž๐ฐ ๐‰๐ž๐ซ๐ฌ๐ž๐ฒ- According to the MRI Team's Market Research Intellect, the global Solvent Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.57% between 2024 and 2031. The market is expected to grow to USD 45.6 Billion by 2024. The valuation is expected to reach USD 133.38 Billion by 2031. The market for solvent-based amino resin is expanding significantly due to its extensiveโ€ฆ
04-03-2024 | Chemicals & Materials
Market Data Forecast
Alkyd Resin Market
According to the latest research report published by Market Data Forecast, the global alkyd resin market is expected to grow at a CAGR of 3.32% during the forecast period 2024-2029. The market value was at USD 2.89 billion in 2023, and the value is expected to reach USD 3.52 billion by the end of 2029. Alkyd resin is the oil-modified complex polyester that acts as a film-forming agent in paints andโ€ฆ
05-17-2023 | Advertising, Media Consulting, โ€ฆ
Global Insight Services
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market. Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852 Composite resinโ€ฆ
02-26-2022 | Industry, Real Estate & Constr โ€ฆ
ReportsnReports
Polyethylene Naphthalate Resin (PEN Resin) Market 2022 | Detailed Report
The research reports on "Polyethylene Naphthalate Resin (PEN Resin) Market" report gives detailed overview of factors that affect global business scope. Polyethylene Naphthalate Resin (PEN Resin) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team. Downloadโ€ฆ