Petroleum Resins Market Size Worth $4.1 Billion by 2025 | CAGR: 6.9%: Grand View Research, Inc.

SAN FRANCISCO, October 17, 2017 /PRNewswire/ --

The global petroleum resins market [ ]  is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025, according to a new report by Grand View Research, Inc. The rising demand for petroleum resins in EVA-based adhesives, contact adhesives for footwear, printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is expected to increase the market size.

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Increasing demand for hydrocarbon resins in adhesives owing to properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance is expected to the drive industry expansion over the forecast period.The development of various petrochemical complex and catalytic polymerization to increase the output of resins is likely to augment the market size over the next eight years.

Automotive was the prominent segment and accounted 23.9% of the overall revenue share in 2016. The segment is expected to register substantial gains owing to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles in countries such as India, Thailand, and China.

Moreover, the Chinese auto sector policies and measures such as Automotive Readjustment and Revitalization Plan, Energy-Saving and New-Energy Auto Industry Plan, and Foreign Direct Investment opportunities are augmenting vehicle production, which in turn is expected to propel the market growth.

Browse full research report with TOC on "Petroleum Resins Market Analysis By Product (C5, C9, C5/C9, Hydrogenated), By Application (Paints, Adhesives, Printing Inks, Rubber, Tapes), By End-use, And Segment Forecasts, 2014 - 2025" at: [ ]

Further Key Findings From the Report Suggest:

        - Hydrogenated petroleum resins is expected to register high volume gains at a CAGR
          of 6.3% from 2017 to 2025. The rising consumption of the products in EVA/ APAO-based
          hot melt adhesives and pressure sensitive adhesives as they offer good heat stability,
          water resistance and compatibility is expected to drive the industry growth.
        - The printing ink segment was valued at USD 214.9 million in 2016 and is anticipated to
          witness high gains on account of the rising usage in commercial printing, publications,
          packaging, and corrugated cardboards applications
        - Europe accounted for 23.4% of the overall volume share in 2016 and is anticipated to
          witness steady growth due to the presence of major automotive manufacturers including
          Audi, BMW, Mercedes Benz, Jaguar, Aston Martin, Volkswagen, Volvo, Fiat, Ferrari,
          Lamborghini, and Porsche
        - The global petroleum resins market showcases immense competition with the presence of
          various large and small-scale participants in Japan, the U.S., and China. Key players
          include Eastman Chemical Company; ExxonMobil; Zeon Chemicals; Lesco Chemical Limited;
          Kolon; Neville; Puyang Tiancheng Chemical Co., Ltd.; and The Dow Chemical Company.
        - In December 2016, Saudi-based Rufayah Chemicals Company (RCC) signed a deal with
          Sadara Chemical Company for setting up one of the largest hydrocarbon resin plants
          with an investment of approximately USD 500 million in the PlasChem Park to produce
          hydrocarbon resin, pure DCPD, isoprene, aromatic solvents, and premium wash oils
        - Zeon Chemicals offers Quintac and Quintone manufactured by using proprietary Isoprene
          and Piperylene technology having excellent tack, cohesive strength, and holding power

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Grand View Research has segmented the global petroleum resins market on the basis of product, application, end use, and region: 

        - Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
             - C5 resins
             - C9 resins
             - C5/C9 resins
             - Hydrogenated resins
        - Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
             - Paints
             - Adhesives
             - Printing inks
             - Rubber & tires
             - Tapes & labels
             - Others
        - End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
             - Automotive
             - Construction
             - Packaging
             - Consumer goods
             - Personal hygiene
             - Others 
        - Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
             - North America
                - U.S.
             - Europe
                - Germany
             - Asia Pacific
                - China
             - Central & South America
                - Brazil
             - Middle East & Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 




SOURCE Grand View Research, Inc.