Petroleum Resins Market Size, Share And Growth Report 2025-2033

IMARC Group has recently released a new research study titled "Petroleum Resins Market Report by Product (C5 Resins, C9 Resins, C5/C9 Resins, Hydrogenated Resins), Application (Paints, Adhesives, Printing Inks, Rubber and Tires, Tapes and Labels, and Others), End Use (Automotive, Construction, Packaging, Consumer Goods, Personal Hygiene, and Others), and Region 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global petroleum resins market size reached USD 4.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.20 Billion by 2033, exhibiting a growth rate (CAGR) of 3.74% during 2025-2033.

Global Petroleum Resins Market Trends:

The increasing demand for high-performance rubber and tire manufacturing, where petroleum resins enhance tackiness, processability, and mechanical properties, meets the stringent requirements of the automotive industry for durable and efficient tires, impelling the market growth. Concurrently, the rising use of road marking paints, where their quick-drying properties, durability, and excellent adhesion improve the performance and longevity of road markings, essential for traffic safety and infrastructure maintenance, contributing to the market expansion. Besides this, increasing application in printing inks enhances color intensity, gloss, and adhesion, meeting the high-quality standards required for packaging, publications, and promotional materials in the ever-expanding printing industry, is bolstering the market demand.

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Factors Affecting the Growth of the Petroleum Resins Industry:

• Increasing demand from the adhesives and sealants industry:

Petroleum resins, particularly hydrocarbon resins, are essential components in the formulation of adhesives and sealants due to their excellent tackiness, compatibility, and ability to enhance adhesion properties. The rising consumption of adhesives and sealants across various sectors, including construction, automotive, packaging, and woodworking, directly boosts the demand for petroleum resins. In the construction industry, for example, adhesives and sealants are critical for applications such as flooring, roofing, and insulation, where petroleum resins provide the necessary performance characteristics. Similarly, in the automotive sector, these resins contribute to the manufacturing of durable and high-performance adhesives used in vehicle assembly and maintenance, strengthening the market growth.

• Growth of the paints and coatings industry:

Petroleum resins are widely used as binders and modifiers in paints, varnishes, and coatings due to their ability to improve gloss, hardness, and resistance to chemicals and weathering. The expanding construction and infrastructure activities worldwide increase the demand for paints and coatings, thereby propelling the need for petroleum resins. In addition, the automotive industry requires high-quality coatings for vehicle exteriors and interiors to enhance durability and aesthetic appeal. The industrial sector also relies on specialized coatings for machinery, equipment, and protective surfaces, further driving the demand for petroleum resins. The continuous innovation in coating formulations to meet environmental regulations and performance standards ensures a steady demand for petroleum resins, supporting the market expansion.

• Booming packaging industry:

Packaging materials, particularly those used for food, pharmaceuticals, and consumer goods, require adhesives and coatings that provide strong bonding, flexibility, and resistance to various environmental factors. Petroleum resins are integral to the production of packaging adhesives and coatings, ensuring the integrity and quality of packaging solutions. The growing e-commerce industry further amplifies the demand for packaging materials as the need for secure and efficient packaging solutions increases with the rise in online shopping. Furthermore, the trend towards sustainable and eco-friendly packaging materials has led to the development of advanced resin formulations that meet environmental standards while maintaining performance, providing an impetus to the market growth.

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Petroleum Resins Market Report Segmentation:

By Product:

• C5 Resins
• C9 Resins
• C5/C9 Resins
• Hydrogenated Resins

On the basis of product, the market is segmented into C5 resins, C9 resins, C5/C9 resins, and hydrogenated resins.

By Application:

• Paints
• Adhesives
• Printing Inks
• Rubber and Tires
• Tapes and Labels
• Others

Based on the application, the market is classified into paints, adhesives, printing inks, rubber and tires, tapes and labels, and others.

By End Use:

• Automotive
• Construction
• Packaging
• Consumer Goods
• Personal Hygiene
• Others

On the basis of end-use, the market is bifurcated into automotive, construction, packaging, consumer goods, personal hygiene, and others.

Regional Insights:

• Asia Pacific
• North America
• Western Europe
• Eastern Europe
• Latin America
• Middle East and Africa

Based on the region, the market is segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.

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Key Companies:

• Arakawa Chemical Industries Ltd.
• Eastman Chemical Company
• Exxon Mobil Corporation
• Henan Anglxxon Chemical Products Co.
• Idemitsu Kosan
• KOLON Industries Inc.
• Lesco Chemical Limited
• Neville Chemical Company
• Puyang Changyu Petroleum Resins Co. Ltd.
• Seacon Corporation
• TotalEnergies Group and Zeon Corporation

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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This release was published on openPR.