Press release
Petroleum Resins Market to Hit USD 3.81 Billion by 2030, Growing at a 7.7% CAGR
Petroleum Resins Market
The global petroleum resins market is experiencing significant growth, driven by increasing demand from various industries such as adhesives, paints, coatings, and rubber manufacturing. Valued at $XX billion in 2023, the market is projected to grow at a CAGR of XX% from 2024 to 2030, reaching $XX billion by the end of the forecast period. This comprehensive press release highlights market trends, regional opportunities, key recent developments, and mergers & acquisitions in pivotal markets like Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20961/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: Vietnam's growing manufacturing and construction sectors have fueled the demand for petroleum resins. The market is anticipated to grow at a CAGR of XX%, driven by infrastructure development projects and rising demand for adhesives in the packaging industry.
Opportunities: Vietnam's trade-friendly policies and increasing foreign direct investments create a fertile ground for petroleum resin manufacturers. Collaborations with international firms have boosted local production capacities.
Trends: The country is witnessing a shift towards environmentally friendly petroleum resins, aligning with global sustainability trends.
Consolidation: In recent years, partnerships between local manufacturers and global leaders like Eastman Chemical Company have strengthened the market's competitive landscape.
Updation: Ongoing investments in Vietnam's petrochemical sector are expected to enhance resin production capacities in the coming years.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: Thailand's petrochemical industry remains a critical driver, with petroleum resins playing a pivotal role in adhesives and coatings applications. The market is forecasted to grow at XX% CAGR over the next decade.
Opportunities: Emerging partnerships between Thai producers and global players, such as ExxonMobil, offer expansion opportunities.
Trends: Increasing demand for road construction materials in Thailand is propelling the use of petroleum resins in asphalt additives.
Consolidation: Mergers between local companies and multinational corporations have led to technological advancements and cost efficiencies.
Updation: New government policies promoting industrial growth are set to benefit resin manufacturers in Thailand.
๐๐๐ฉ๐๐ง: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: Japan's robust automotive and electronics industries have significantly contributed to the growing demand for high-quality petroleum resins.
Opportunities: The adoption of advanced resin formulations in automotive coatings presents a lucrative market. Key players like Mitsubishi Chemical Corporation are leading this innovation.
Trends: Sustainable and low-emission resin variants are gaining popularity in Japan, aligning with the country's commitment to carbon neutrality.
Consolidation: Partnerships between Japanese firms and global companies, including BASF, have strengthened research and development initiatives.
Updation: Continuous investments in Japan's automotive sector are expected to increase petroleum resin usage in specialized applications.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20961/
๐๐ก๐ข๐ง๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: China dominates the petroleum resins market due to its vast industrial base and growing infrastructure projects. The market is projected to grow at a CAGR of XX%.
Opportunities: The rise in e-commerce has escalated demand for packaging adhesives, boosting resin consumption. Key companies like Sinopec are scaling production to meet domestic and global demand.
Trends: Innovative resin types for use in environmentally friendly adhesives and paints are emerging trends in the Chinese market.
Consolidation: Recent mergers between local giants and foreign players, such as TotalEnergies, have enhanced production capacities.
Updation: The Chinese government's initiatives to develop smart city projects will further propel demand for petroleum resins.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: South Korea's booming automotive and electronics sectors are key growth drivers for petroleum resins, with a projected CAGR of XX%.
Opportunities: High export potential and partnerships with global manufacturers like LG Chem are bolstering the market.
Trends: Increasing applications in road markings and specialty coatings are creating niche opportunities.
Consolidation: Mergers among South Korean companies and international firms have streamlined supply chains and boosted technological capabilities.
Updation: New product launches by South Korean players are addressing evolving customer needs in advanced resin formulations.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: Singapore's strategic location as a trade hub and its well-developed chemical industry have fostered growth in the petroleum resins market.
Opportunities: Increasing demand for industrial adhesives in the construction and packaging sectors is driving the market forward.
Trends: The adoption of bio-based resins is gaining traction in Singapore.
Consolidation: Strategic collaborations between Singaporean producers and global giants like Shell Chemicals have enhanced production efficiencies.
Updation: Advanced manufacturing technologies being adopted in Singapore are likely to boost resin quality and reduce production costs.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/20961/
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: The US market is driven by robust demand from the automotive and construction sectors, with a projected CAGR of XX%.
Opportunities: Significant investments in infrastructure development have created vast opportunities for petroleum resin applications. Companies like ExxonMobil and Chevron Phillips Chemical Company dominate the landscape.
Trends: Technological advancements in resin production processes are making the market more competitive.
Consolidation: Major acquisitions, such as Dow Chemical's collaboration with local players, have strengthened market presence.
Updation: Rising environmental regulations in the US are encouraging the development of low-VOC petroleum resins.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
Growth: Europe's growing focus on sustainable construction and green adhesives is driving the petroleum resins market.
Opportunities: Strong demand from countries like Germany, France, and the UK offers lucrative opportunities for market players. BASF and Arkema are leading the market in Europe.
Trends: The push towards bio-based resins is a prominent trend in the region.
Consolidation: Cross-border partnerships among European firms and international giants have created a competitive edge.
Updation: Government subsidies for eco-friendly chemical production are anticipated to boost resin manufacturing in Europe.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-petroleum-resins-market/20961/
๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
C5
C9
C5/C9
Hydrogenated
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Paints
Adhesives
Printing Inks
Rubber
Tapes
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Automotive
Construction
Packaging
Consumer goods
Personal hygiene
Others
๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Arakawa Chemical Industries
2. Eastman Chemical Company
3. Exxon Mobil Corporation
4. Kolon Industries
5. Lesco Chemical Limited
6. Zeon Corporation
7. Seacon Corporation
8. Neville Chemical Company
9. Total Cray Valley
10. Anglxxon Chemical Co.
11. Idemitsu Kosan Co.,Ltd
12. Puyang Changyu Petroleum resins Co., Ltd
13. BASF
14. The Dow Chemical Company
15. Cray Valley
16. Innova
17. Chemical Co., Limited
18. Shandong Landun Petroleum Resin Co., Ltd.
19. Shanghai Jinsen Hydrocarbon Resins Co., Limited
20. Sojitz Corporation
21. QINGDAO HIGREE CHEMICAL CO., LTD
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
โฆ Global Mechanical Keyboard Market https://www.maximizemarketresearch.com/market-report/global-mechanical-keyboard-market/54554/
โฆ Global Membership Management Software Market https://www.maximizemarketresearch.com/market-report/global-membership-management-software-market/16047/
โฆ Global Mobile Biometric Market https://www.maximizemarketresearch.com/market-report/global-mobile-biometric-market/61517/
โฆ Global Mobile Cloud Market https://www.maximizemarketresearch.com/market-report/global-mobile-cloud-market/58964/
โฆ Global Mobile Device Management Market https://www.maximizemarketresearch.com/market-report/global-mobile-device-management-market/3407/
โฆ Global Mobile Photo Printer Market https://www.maximizemarketresearch.com/market-report/global-mobile-photo-printer-market/28119/
โฆ Global Mobile Unified Communications Collaboration Market https://www.maximizemarketresearch.com/market-report/global-mobile-unified-communications-collaboration-market/8107/
โฆ Global Mobile Virtual Network Operator Market https://www.maximizemarketresearch.com/market-report/global-mobile-virtual-network-operator-market/19686/
โฆ Global Mobile Wallet Market https://www.maximizemarketresearch.com/market-report/global-mobile-wallet-market/61198/
โฆ Global Mooc Market https://www.maximizemarketresearch.com/market-report/global-mooc-market/22155/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Petroleum Resins Market to Hit USD 3.81 Billion by 2030, Growing at a 7.7% CAGR here
News-ID: 3834522 • Views: โฆ
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Bangladesh Ceramics Tiles Market to Surpass USD 2.1 Billion by 2030, Fueled by a โฆ
Bangladesh Ceramics Tiles Market size was valued at USD 882.56 Million in 2023 and the total Bangladesh Ceramics Tiles Market revenue is expected to grow at a CAGR of 13.71 % from 2024 to 2030, reaching nearly USD 2169.38 Million.
Bangladesh Ceramics Tiles Market Overview:
The Bangladesh ceramics tiles market is a vital component of the country's construction and building materials industry, driven by rapid urbanization, infrastructure development, and rising disposable incomes.โฆ
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market size was valued at USD 630.2Mn in 2023. The Furfural Market revenue is growing at a CAGR of 6.8 % from 2023 to 2029, reaching nearly USD 998.30 Bn by 2030.
Furfural Market Overview:
The furfural market is centered around an organic compound derived primarily from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks through a process of acid hydrolysis. As one of the oldest renewable chemicals,โฆ
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to โฆ
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 ofโฆ
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR โฆ
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 revolutionizesโฆ
More Releases for Chem
Global Hydrogen Peroxide Market 2019-2024 By Key Companies Solvay ,Evonik ,Perox โฆ
The research study on Global Hydrogen Peroxide Market organizes the overall perspective of the Hydrogen Peroxide industry. Thisย incorporates upcoming flow of the Hydrogen Peroxide market together with an extensive analysis of recent industry statistics. It describes the Hydrogen Peroxide market size as well as factors controlling market growth. Likewise, the report explains various challenges which affect Hydrogen Peroxide market expansion. The report reviews economic prominence of the Hydrogen Peroxide industryโฆ
Global Dimethyl Oxalate Market By Top Players Qiyuan Chem, Youlian Chem, Vertell โฆ
The Dimethyl Oxalate market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Dimethyl Oxalate industrial chain, this report mainly elaborate the definition, types, applications and major players of Dimethyl Oxalate market in details. Deepโฆ
Global Hydrogen Peroxide (CAS 7722-84-1) Market Insights, Forecast to 2025| Pero โฆ
Researchmoz added Most up-to-date research on "Global Hydrogen Peroxide (CAS 7722-84-1) Market Insights, Forecast to 2025" to its huge collection of research reports.
This report researches the worldwide Hydrogen Peroxide (CAS 7722-84-1) market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Hydrogen Peroxide (CAS 7722-84-1) breakdown data by manufacturers, region, type and application, also analyzesโฆ
hydrogen peroxide Market Report 2018 Companies included Solvay, Evonik, Arkema, โฆ
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com *********
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also providesโฆ
Global Trimethyl Acetaldehyde Market 2017 Top Manufacturers - Jusheng Tech, Liye โฆ
To begin with, the report defines the Trimethyl Acetaldehyde market and segments it based on the most important dynamics, such as applications, geographical/regional markets, and competitive scenario. Macroeconomic and microeconomic factors environments that currently prevail and also those that are projected to emerge are covered in this report.
Download Free Sample Report @ https://www.fiormarkets.com/report-detail/62238/request-sample
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share andโฆ
Allantoin Market 2017- Ashland, Akema, Clariant, Rita Corp, Jinyuan Lide Chem, S โฆ
Apex Research, recently published a detailed market research study focused on the " Allantoin Market" across the global, regional and country level. The report provides 360ยฐ analysis of " Allantoin Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Allantoin industry, and estimates theโฆ
