Petroleum Resins Market, by Product Type, Application, End-use Industry, and Geography - Global Trends, and Forecast, 2022 - 2028

Petroleum Resins Market, by Product Type, Application, End-use Industry, and Geography - Global Trends, and Forecast, 2022 - 2028

Petroleum resins are obtained from cracking of heavy carbon feedstock. It has properties such as solubility, softening points, thermal stability, and chemical stability. Increasing demand of petroleum resins in footwear, leather, contact adhesives, hot melt adhesives, fragrance fixatives, plastic and rubber modification, wax modification, pharmaceutical adhesives, and other applications is propelling growth of global petroleum market. Volatile cost of raw material such as crude oil is one of the major restraint to growth of the petroleum resins market. For instance, according to U.S. Energy Information Administration, the crude oil price in the U.S. in 2021 was US$ 43.29 per barrel, which increased to US$ 63.82 per barrel in January 2018.
Market Dynamics
Asia Pacific accounted for the largest share in the petroleum resins market in 2021, followed by North America and Europe. Asia Pacific accounted for 38.39% market share in 2021. Growth in construction and automobile industry is driving growth of the petroleum market in this region. For instance, according to the International Trade Association, Department of Commerce, the automobile output in China is expected to reach 30 million units by 2020 and 35 million by 2025. Automotive sector is the largest end-user of petroleum resins. This is owing to its properties such as compatibility with ethylene-vinyl acetate, styrene-butadiene-styrene and others for application in the automobiles. For instance, according to International Organization for Motor Vehicles Manufacturers (OICA), the global production of passenger vehicles was 68,618,998 in 2015, which increased by 5.4% to reach 72,291,747 in 2021.
Key features of the study:

This report provides in-depth analysis of petroleum resins market, market size (US$ Million & Kilotons), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year and 2015 as historical year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global petroleum resins market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Arakawa Chemical Industries, Eastman Chemical Company, Exxon Mobil Corporation, Ltd., Kolon Industries, Inc., Lesco Chemical Limited, Zeon Corporation, Seacon Corporation, Neville Chemical Company, Total Cray Valley, and Anglxxon Chemical Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, market expansion, and marketing tactics
The global petroleum resins market report caters to various stakeholders in this industry including investors, suppliers,  distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the petroleum resins market

Detailed Segmentation:

Global Petroleum Resins Market, By Product Type:

Aliphatic  C5 Resins
Aromatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

Global Petroleum Resins Market, By Applications:

Adhesive and  Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

Global Petroleum Resins Market, By End-Use Industry:

Automotive
Building & Construction
Consumer Goods
Personal Hygiene
Tire Industry
Others

Global Petroleum Resins Market , By Geography:

North America

U.S.

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Automotive
Building & Construction
Consumer Goods
Personal Hygiene
Tire Industry
Others

Canada

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Automotive
Building & Construction
Consumer Goods
Personal Hygiene
Tire Industry
Others

Europe

U.K.
By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

Germany

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

Italy

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

France

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Russia

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Rest of Europe

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Asia Pacific

China

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

India

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Japan

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

ASEAN

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Australia

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

South Korea

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Rest of Asia Pacific

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Latin America

Brazil

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Mexico

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Rest of Latin America

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Middle East

GCC

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Israel

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Rest of Middle East

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Africa

Northern Africa

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Central Africa

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

South Africa

By Product Type:

Aliphatic C5 Resins
Aliphatic C9 Resins
C5/C9 Resins
Hydrogenated Hydrocarbon Resins

By Applications:

Adhesives and Sealants

Hot Melt Adhesives (HMA)
Psa (Pressure Sensitive Adhesives)

Paints & Coatings
Rubber Compounding
Printing Inks
Tapes and Labels
Others

By End-Use Industry:

Company Profiles

Arakawa Chemical Industries *

Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans

Eastman Chemical Company
Exxon Mobil Corporation, Ltd.  
Kolon Industries, Inc.
Wigwam Corporation
Lesco Chemical Limited    
Zeon CorporationSeacon Corporation
Neville Chemical Company
Total Cray Valley
Anglxxon Chemical Co.

 “*” marked represents similar segmentation in other categories in the respective section.