Petroleum Resins Market : Sales Forecast , Pricing Forecast 2025
Petroleum resins are the by-products of petroleum cracking. These are also known by alternate names such as hydrocarbon resins. These are synthetic resins manufactured from polymerization and chemical processes. Petroleum resins are formed from a variety of feedstock such as aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene) or mixtures of these. Petroleum resins are used in a variety of applications such as adhesives and sealants, paints, coatings and inks, rubber and plastic compounding industries and others. There has also been an increasing demand for petroleum resins in the hot melt adhesives. This is attributed to its properties such as low odour and high thermal stability.
Request sample copy of the report @ https://www.persistencemarketresearch.com/samples/16195
Global Petroleum Resins Market Drivers
One of the major factors driving the growth of global petroleum resins market is its excellent adhesion property even at high temperature and pressure conditions. The rising demand for petroleum resins from hot melt adhesives is also expected to drive the market growth.
The immense demand for petroleum resins from various end use industries such as paints, coatings and inks, adhesives and sealants, chemical processing and polymerization also bolsters the market growth.
Global Petroleum Resins Market Restraints
A major challenge faced by the global petroleum resins market is the rising price for feedstock, since the feedstock for petroleum resins is naphtha, which is derived from crude oil. Thus, prices of these petroleum-based resins tend to be volatile as they are influenced by volatility in prices of crude oil. This adversely affects profitability of manufacturers and in turn, may inhibit market growth.
Secondly, the introduction of eco-friendly bio-based resins is also impeding the growth of the global petroleum resins market. The bio-based alternatives are lower in VOC (volatile organic compounds) and tend to be safer than the conventional petrochemical resins.
Global Petroleum Resins Market Trends
Strengthening the product portfolio with innovative products is the growing trend in the global petroleum resins market, as the market for petroleum resins is consolidated with a few global players holding major shares in the market. As a result, to win an edge over the other competitors, the manufacturers are using product innovation as a differentiating property. There has also been constant research and development for the development of higher grade with improved properties and thermal stability in the global petroleum resins market.
Global Petroleum Resins Market Segmentation
The global petroleum resins market can be segmented on the basis of product type/raw material/feedstock type, application, end use sector and region.
On the basis of product type or raw material/feedstock used for manufacturing, the global petroleum resins market can be segmented as:
DCPD (dicyclopentadiene), hydrogenated hydrocarbon resin
Others( mixed petroleum resins)
On the basis of application, the global petroleum resins market can be segmented as:
Adhesives and sealants
Rubber and plastic compounding
Paints and coatings
On the basis of end use sector, the global petroleum resins market can be segmented as:
Rubber and Plastics
Paints, coatings and Inks
Building and construction
Global Petroleum Resins Market Regional Outlook
The global petroleum resins market is dominated by Asia Pacific region. With a strong base for various end use industries such as paints and coatings, metal working and other consumer products in the region, the region continues to exhibit its dominance throughout the forecast period. China and India account for major shares in the Asia Pacific petroleum resins market. North America and Europe are also expected to hold significant shares in the global petroleum resins market. Other regions such as Latin America, Middle East and Africa and Japan are projected to represent sluggish growth over the forecast period
Request TOC of the report @ https://www.persistencemarketresearch.com/methodology/16195
Global Petroleum Resins Market Participants
Some of the market participants identified across the value chain of the global Petroleum Resins market are:
The Dow Chemical Company, Exxon Mobil Corporation, Eastman Chemical Company, KOLON Industries Inc., Arakawa Chemical Industries Ltd., Total S.A., Mitsui Chemicals Inc.
China based players:
Puyang Tiancheng Chemical Co., Ltd., Shanghai Jinsen Hydrocarbon Resins Co., Ltd, Shandong Qilong Chemical Co.,Ltd., among others.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
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 : Sales Forecast , Pricing Forecast 2025 here
News-ID: 872166 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview: The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period. Market Size and Growth: The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities. Get Access To
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview: The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033. The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products. To obtain the latest market
More Releases for Petroleum
Petroleum Jelly Petroleum Jelly Market Innovative Strategy by 2031 | Major Giant …
Petroleum Jelly Market: Introduction Transparency Market Research delivers key insights on the global petroleum jelly market. In terms of value, the global petroleum jelly market is expected to expand at a CAGR of 4.26% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global petroleum jelly market. Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72726 Petroleum jelly is used in the
Global Liquefied Petroleum Gas Market 2020 Business Strategies – Chevron Corpo …
The market report titled “Liquefied Petroleum Gas Market By Source (Refinery, Associated Gas, and Non-Associated Gas) and By End-User (Residential & Commercial, Petrochemical & Refineries, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Liquefied Petroleum Gas Market market. The report willfunction as a medium for the better assessment of
Natural Gas Market to Witness Huge Growth by 2025 | Qatar Petroleum, Sempra Ener …
The Global Natural Gas Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for
Petroleum benzine Market Expectations & Growth Trends Highlighted until 2028 (Th …
Growing demand for Petroleum benzine among end users Petroleum benzine is a hydrocarbon-based solvent which is marketed by its physical properties (vapor pressure, boiling point) rather than any specific chemical composition. Petroleum benzine is hazardous and generally used as a laboratory solvent. Petroleum benzine is available in the different boiling range, which allows end users to choose suitable petroleum benzine as per need. Manufacturers are focusing on developing less hazardous
Petroleum Coke Market Players British Petroleum, Marathon Petroleum Corporation
Introduction: Petroleum coke or petcoke, a solid rock material is a byproduct of crude oil refining and other cracking processes. Although a refining byproduct, petroleum coke is considered as a valued commodity since 2008, all over the world. Crude oil remained after separating other valuable petroleum products from refining process such as diesel, lubricants, waxes, etc. can be processed further in cokers or other cracking processes to produce petroleum coke. Different
Liquefied Petroleum Gas (LPG) Market Analysis By Key Players : British Petroleum …
Liquefied petroleum gas (LPG) is a flammable mixture of hydrocarbon gases that is used as fuel in heating appliances, vehicles, aerosol propellant, refrigerant and cooking equipment etc. In terms of cost and environmental benefits, LPG is way ahead of conventional fuels such as coal and wood. In fact, the gas is considered a revolutionary fuel solution for various sectors, such as industries, residential, chemical, automotive and refinery. This is why