Share this link via:
The Petroleum Resins Market size was USD 2.9 Billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the Petroleum Resins Market across all domains and regions. Between 2021 and 2030, the market is projected to grow at a CAGR of 8.35%, from USD 2.8 Billion in 2021 to USD 4.8 Billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over according to a new report by Intellectual Market Insights Research.
Petroleum resins are a type of thermoplastic resin that are derived from petroleum feedstocks. They are widely used in various applications, such as adhesives, coatings, and printing inks, due to their excellent properties such as high adhesion, high viscosity, and excellent thermal stability.The petroleum resins market refers to the global market for these types of resins. This market includes the production, distribution, and sale of petroleum resins to various end-use industries, including adhesives, paints and coatings, rubber, and printing inks.
The scope of the petroleum resins market includes various types of petroleum resins, such as aliphatic, aromatic, and hydrogenated resins, among others. The market also includes various applications of petroleum resins, such as adhesives and sealants, paints and coatings, printing inks, and rubber, among others. The petroleum resins market is influenced by various factors such as increasing demand from various end-use industries, growing demand for eco-friendly and low VOC products, and increasing demand for high-performance products. The market is highly competitive, with numerous players operating in the market, including major multinational corporations as well as smaller regional players.
The Petroleum Resins market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Petroleum Resins market.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Petroleum Resins Market. On the basis of historic growth analysis and current scenario of Petroleum Resins market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Petroleum Resins market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Petroleum Resins market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Petroleum Resins market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The demand for petroleum resins is driven by their widespread use in various industries such as adhesives, paints and coatings, printing inks, and rubber. These industries require petroleum resins due to their excellent adhesive properties, high viscosity, and excellent thermal stability. For example, in the adhesive industry, petroleum resins are widely used in hot-melt adhesives and pressure-sensitive adhesives. In the printing ink industry, they are used as binders and tackifiers. As these end-use industries continue to grow, the demand for petroleum resins is expected to increase.
Hydrogenated petroleum resins are a type of petroleum resin that has been hydrogenated to improve its properties, such as better color stability and improved resistance to oxidation.The demand for hydrogenated petroleum resins is growing due to their superior properties compared to non-hydrogenated petroleum resins. They offer better thermal stability, lower odor, and better color stability, which makes them suitable for use in various industries such as adhesives, rubber, and coatings. Additionally, they have better compatibility with other components, which makes them easier to use in various formulations.
Another factor driving the growth of the hydrogenated petroleum resins market is the increasing demand for high-performance adhesives and sealants. Hydrogenated petroleum resins are widely used in the manufacture of hot-melt adhesives due to their excellent tack and adhesion properties, as well as their compatibility with other components. They are also used in the production of pressure-sensitive adhesives and sealants, where their excellent cohesion and adhesion properties make them ideal for use in demanding applications.Overall, the trend towards the use of hydrogenated petroleum resins is expected to continue in the coming years due to their superior properties and increasing demand for high-performance products in various end-use industries.
Since, petroleum resins are derived from petroleum feedstocks, their production cost is heavily influenced by the price of crude oil. The fluctuations in crude oil prices can lead to significant variations in the cost of production of petroleum resins, which can impact the profitability of manufacturers Moreover, the availability and price of raw materials used in the production of petroleum resins can also impact the market. The limited availability of certain types of feedstocks can restrict the production of specific types of petroleum resins, leading to supply shortages and higher prices.
Another factor that could limit the growth of the petroleum resins market is the increasing popularity of alternative resin technologies. For example, bio-based resins, such as soy-based resins, are becoming increasingly popular due to their renewable and sustainable nature. The demand for bio-based resins is driven by the increasing focus on reducing the carbon footprint of various products, which could lead to a decrease in the demand for petroleum resins in the long term. Overall, these factors could limit the growth of the petroleum resins market in the coming years, although the market is expected to remain stable due to the increasing demand from various end-use industries.
The report will cover the qualitative and quantitative data on the global air compressor market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2020-31 |
Base Year | 2022 |
Estimated Forecast Year | 2023-31 |
Growth Rate | CAGR of 8.35 % from 2021 to 2031 |
Segmentation | By Resin, By Application, By End Use Industry, By Region |
Unit | USD Billion |
By Resin |
|
By Application |
|
By End Use Industry |
|
By Region |
|
Petroleum Resins Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2021-2028 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The petroleum resins market can be segmented based on the type of resin used, including:
C5 Resins: These are petroleum resins that are produced using C5 fractions of petroleum, such as piperylene and isoprene. C5 resins are widely used in the production of hot-melt adhesives, rubber, and pressure-sensitive adhesives due to their excellent adhesive properties.
C9 Resins: These are petroleum resins that are produced using C9 fractions of petroleum, such as styrene and indene. C9 resins are widely used in the production of coatings, printing inks, and rubber due to their excellent compatibility with other components.
Hydrogenated Hydrocarbon Resins: These are petroleum resins that have been hydrogenated to improve their properties, such as better color stability and improved resistance to oxidation. Hydrogenated hydrocarbon resins are widely used in the production of adhesives, sealants, and coatings due to their excellent adhesion and compatibility with other components.
C5/C9 Resins: These are petroleum resins that are produced using a combination of C5 and C9 fractions of petroleum. C5/C9 resins offer a balance of properties and are widely used in the production of coatings, printing inks, and rubber.
Dicyclopentadiene (DCPD) Resin: These are petroleum resins that are produced using dicyclopentadiene as a feedstock. DCPD resins offer excellent thermal stability and are widely used in the production of adhesives, coatings, and rubber.
The petroleum resins market can also be segmented based on the application of these resins, including:
Adhesives and Sealants: Petroleum resins are widely used in the production of hot-melt adhesives, pressure-sensitive adhesives, and sealants due to their excellent adhesive properties and compatibility with other components.
Printing Inks: Petroleum resins are used in the production of printing inks due to their excellent compatibility with pigments and other additives. They also provide good color development, adhesion, and gloss properties.
Paints and Coatings: Petroleum resins are used in the production of paints and coatings as binders, additives, and modifiers. They provide good adhesion, corrosion resistance, and film-forming properties.
Rubber Compounding: Petroleum resins are used in the production of rubber products, such as tires and belts, as tackifiers and reinforcing agents. They improve the adhesion of rubber to other components, such as metal and fabric.
Others: Petroleum resins are also used in various other applications, such as wax blends, plastic modifiers, and fuel additives.
The petroleum resins market can also be segmented based on the end-use industry, including:
Personal Hygiene: Petroleum resins are used in the production of various personal hygiene products, such as diapers, feminine hygiene products, and baby wipes. They provide good adhesion, elasticity, and softness to these products.
Automotive: Petroleum resins are used in the production of various automotive products, such as adhesives, sealants, and coatings. They provide good adhesion, corrosion resistance, and durability to these products.
Building and Construction: Petroleum resins are used in the production of various building and construction products, such as sealants, adhesives, and coatings. They provide good adhesion, water resistance, and weatherability to these products.
Tire Industry: Petroleum resins are used in the production of various rubber products, such as tires and rubber belts. They provide good adhesion, tackiness, and reinforcing properties to these products.
Others: Petroleum resins are also used in various other industries, such as packaging, textiles, and electronics.
The report also helps in understanding Global Petroleum Resins Market dynamics, structure by analyzing the market segments, and project the Global Petroleum Resins Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Petroleum Resins Market make the report investor’s guide.
The objective of the report is to present comprehensive analysis of Global Petroleum Resins Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The petroleum resins market is geographically segmented into various regions, including North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
North America: The North American market for petroleum resins is expected to grow due to the increasing demand for adhesives and sealants in various end-use industries, such as automotive and construction.
Europe: The European market for petroleum resins is expected to grow due to the increasing demand for printing inks and coatings in the region. The increasing demand for low-VOC coatings is also expected to drive the market growth.
Asia-Pacific: The Asia-Pacific market for petroleum resins is expected to grow at a significant rate due to the increasing demand for adhesives and sealants in the automotive and construction industries. The region is also a major producer and consumer of rubber products, which is expected to drive the demand for petroleum resins.
Middle East & Africa: The Middle East & Africa market for petroleum resins is expected to grow due to the increasing demand for adhesives and sealants in the construction and packaging industries. The region is also a major producer of oil and gas, which provides a steady supply of raw materials for the production of petroleum resins.
South America: The South American market for petroleum resins is expected to grow due to the increasing demand for printing inks and coatings in the region. The growth of the automotive and construction industries in the region is also expected to drive the demand for adhesives and sealants.
Petroleum Resins Market Report is also available for below Regions and Country Please Ask for that
AI Camera Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
You'll get the sample you asked for by email. Remember to check your spam folder as well. If you have any further questions or require additional assistance, feel free to let us know via-
+1 724 648 0810 +91 976 407 9503 sales@intellectualmarketinsights.com
13 Jul 2022
Intellectual Market Insights Research © 2026. All rights reserved.
