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Hydrocarbon Resins Market to Reach US$ 3.7 Bn by 2030; Reduced Demand from End-use Industries Due to COVID-19 Outbreak Derailing Market Growth

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In recent years, high growth has been witnessed of adhesives & sealants and paints & coatings industries. Increased use of hydrocarbon resins in the manufacturing of these products has surged market growth. With growth in these industries and production innovation, the global hydrocarbon resins market is anticipated to progress at a healthy growth rate over the next decade.

The global hydrocarbon resins market is estimated to expand at a CAGR of around 7% by value during the forecast period of 20202030.

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Key Takeaways from Hydrocarbon Resins Market Study

  • The global adhesives and sealants market has witnessed tremendous growth in recent years. Demand for hydrocarbon resins squarely grows with the growth of this industry.
  • The paper industry is also showing significant growth in the global market, which will result in increased demand for hydrocarbon resins in the coming years. In North America, increased supply of hydrogenated hydrocarbon resins is favoring market growth.
  • Demand for DCPD in China continues to be strong, resulting in higher prices for the same. Expansion of crude C5 extraction and processing capacity in China is adding to the growth of the global hydrocarbon resins market.
  • The global ink market is growing at a moderate CAGR, manly driven by emerging countries, which directly impacts the hydrocarbon resins market in a positive way.
  • High adoption of C5 hydrocarbon resins in road marking applications in emerging countries provides high CAGR growth to the paints & coatings segment. Adhesives & sealants account for the maximum market share in the global hydrocarbon resins market.
  • China is one of the countries with the fastest growth of petroleum resins in the world, with demand ever-increasing. Hydrocarbon resin manufacturers in China have huge export potential, and are actively expanding their overseas markets.
  • The COVID-19 pandemic has resulted in import-export, trade, and manufacturing restrictions. As such, demand for hydrocarbon resins from end-use industries will be adversely affected in the near term.

“Increased demand and application range of hydrocarbon resins and distinctive properties of each type are anticipated to bolster demand over the coming years. Competition in the global market is anticipated to intensify with increasing number of regional players and growing demand for hydrocarbon resins,” says a PMR analyst.

Market Landscape Continues to Remain Moderately Fragmented

The competitive landscape in the global hydrocarbon resins market is competitive, with moderate fragmentation at regional and domestic levels. Tier-1 players account for more than one-third of the total market share. Key players are focused on capturing profitable growth through collaborations with end-use customers and continuing to meet or exceed targets through continued operational excellence.

Hydrocarbon Resins Market: Conclusion

The global hydrocarbon resins market is occupied by a number of manufacturers. Most manufacturers will to strengthen their global supply systems and meet demand by expanding their regional presence. Requirements are expected to surge for use in adhesives for hygiene materials, traffic paints, and other applications. Regions such East Asia and North America hold major portions of the global hydrocarbon resins market. Also, increasing demand from various applications is further anticipated to catalyze the growth of the hydrocarbon resins market through 2030.

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Want to Know More?

Persistence Market Research has published a market research report on the hydrocarbon resins market, which contains global industry analysis of 20152019 and opportunity assessment for 20202030. The report provides insightful analysis of the hydrocarbon resins market through different segments, namely, type, application, and region. The hydrocarbon resins market report also provides supply and demand trends, import-export scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the parent market.

About PMR – Chemicals and Materials

Persistence Market Research’s Chemicals & Materials team is regarded as one of the most reliable and authoritative sources of intelligence among stakeholders across the value chain. Our team of industry experts provides vital insights across a broad range of sub-domains, including, but not limited to, commodity, specialty chemicals, composites, nanotechnology, and institutional cleaning chemicals. PMR’s research and consulting services include market sizing, product and market segmentation, and a detailed discussion on prevailing and anticipated market conditions. Reach out to us for more information on how we can help.

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Coronavirus COVID-19 Industry Impact Market Reports

Impact of COVID-19 on Hydrocarbon Resins Market : Implications on Business

Hydrocarbon resins are defined as glass-like oligomers, which are produced by polymerization of by-product streams such as aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene), which derives mostly from the cracking of petroleum hydrocarbons for the production of ethylene.  These hydrocarbon resins can be later hydrogenated to improve color, odor, and stability as well as modifying compatibility. These are brittle or gummy materials prepared by the polymerization of several unsaturated constituents of coal tar, rosin, or petroleum. These are inexpensive and have wide applications such as in rubber and asphalt formulations and in coating and caulking compositions. Properties such as high thermal stability, light color, polymer compatibility, low odor, and excellent cold resistance also make them ideal for a wide range of end-use applications.

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Increasing usage of hydrocarbon resins in building and construction is a major driver augmenting the hydrocarbon resins market. Rising demand for hydrocarbon resins in printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is propelling the hydrocarbon resins market. Increasing demand for hydrocarbon resins in adhesives due to their properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance along with the increasing usage in book binding end-use industries are propelling the hydrocarbon resins market during the forecast period. Increasing regulations on a global level and constant changes as well as increasing shifts toward environment and sustainability trends throughout the value chain are some factors hampering the hydrocarbon resins market.

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In Asia Pacific countries such as China, India, and Japan are witnessing rapid expansion of the hydrocarbon resins market due to the increase in building and construction in the region. Additionally, rising demand for vehicles due to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles is boosting the hydrocarbon resins market in Asia Pacific nations. Europe follows Asia Pacific in terms of expansion of the hydrocarbon resin market due to the presence of major automotive companies in the region.

Key players operating in the global hydrocarbon resins market include Eastman Chemical Company, ExxonMobil Corporation, Shandong Landun Petroleum Resin Co., Ltd., Puyang Tiacheng Chemical Co., Ltd., and Shanghai Jinsen Hydrocarbon Resins Co., Limited.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

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  • Competitive landscape
  • Technological breakthroughs
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Global Hydrocarbon Resins Market – Share, Demand, Research Analysis, Thoughtful Insights, Facts, Historical Data & Future Forecast 2025

Global Hydrocarbon Resins market is very perforated and therefore the key players have used numerous plans like new product launches, acquisitions, mergers, collaborations, innovation in products, expansions, agreements, joint ventures, et al. to extend their footmarks in current market.

The report is predicated totally on the elements that companies compete within the marketplace also as on those elements that are useful and helpful to the business. Research objectives of the study included the analysis of worldwide Hydrocarbon Resins Market consumption in terms of size and value supported parameters like regions, application and merchandise type supported data and forecast for the amount of 2025. The report gives a survey of important factors like product analysis, a critical explanation, and other industry-connected data. Major manufacturers are obtaining the strategy of product innovation and development to sustain the increasing competition and boost their consumer base.

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Top Key Players:

Eastman Chemical Company, KOLON Industries, Neville Chemical, Cray Valley, Qingdao Bater Chemical, RÜTGERS Group, LESCOCHEM, HIGREE, ……

The Hydrocarbon Resins report covers the following Types:
  • General Type
  • ……
End- Use are divided into:
  • Adheisves
  • Rubber mixing aids
  • Paint and ink additives
Geographically Regions covered in this report:
  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

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Highlights of this Hydrocarbon Resins Market Report:
  • Buyers of the report will have access to unique information about top key players of the global Hydrocarbon Resins Market
  • The report informs readers about future products and technologies to be introduced in the global Hydrocarbon Resins Market
  • Readers are offered with comprehensive analysis on key revenue pockets of the global Hydrocarbon Resins Market
  • The report provides details about long-term and short-term strategies adopted by major players of the global Hydrocarbon Resins Market
  • In the geographical analysis section, the report discusses about recent market developments in different regions and countries
  • The authors of the report have provided demand and growth trends of the global Hydrocarbon Resins Market and also its segments

Customization of the Report: This report can be customized as per your needs for additional data or countries. Please connect with our sales team ([email protected])

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Hydrocarbon Resins Market Study Uncovers Big Fish acquisition talks, Research reveals

AMA Research added a comprehensive research document of 200+ pages on ‘Hydrocarbon Resins’ market with detailed insights on growth factors and strategies. The study segments key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume* and value related cross segmented information by each country. Some of the important players from a wide list of coverage used under bottom-up approach are

BASF SE (Germany)

The DOW Chemical Company (United States)

Eastman Chemical Company (United States)

ExxonMobil Corporation (United States)

Total CrayValley (United States)

Kolon Industries (South Korea).

Arakawa Chemical Industries Limited (Japan)

Lesco Chemical Limited (China)

Puyang Ruisen Petroleum Resins Co., Ltd. (China)

Zeon Corporation (Japan)

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Hydrocarbon Resins are also referred to as glass-like oligomers, which are formed by polymerization of by-product streams namely aliphatic, aromatic and DCPD that derives typically from the cracking of petroleum hydrocarbons. These resins can be future hydrogenated to increase colour, odour, and stability of resins. They are majorly prepared by the polymerization of numerous unsaturated elements of coal tar, rosin, or petroleum. Moreover, they are inexpensive and have a varied range of applications such as in rubber & asphalt formulations, properties such as high thermal stability, light colour, and excellent cold resistance make them ideal end-use applications.

Market Segmentation
by  Type (C5, Aliphatic Resins, C9, Aromatic Resins, C5/C9, Aliphatic/Aromatic Resins), Application (Adhesives, Rubber mixing aids, Paint and ink additives, Asphalt additives, Other Uses), End-use industry (Building & construction, Personal hygiene, Tires, Automotive, Others)

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Highlights of Influencing Trends: Rising Popularity of Hydrocarbon Resins for and Performance Modifiers, Tackifiers and Homogenizing Agents

Market Growth Drivers: Increasing Utilization of Hydrocarbon Resins in Building and Construction

Rising Demand for Hydrocarbon Resins in Printing Inks, Sealants, Paints Etc.

Amassed Demand for Hydrocarbon Resins in Adhesives Due To Their Properties

Restraints: Volatility in Raw Material Prices for Hydrocarbon Resins

Fluctuating Prices of Naphtha

Challenges: Increasing Shifts Toward Environment and Sustainability Trends

Rising Regulations on a Global Level

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Country level Break-up includes:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Netherlands, Switzerland, Nordic, Others)
Asia-Pacific (Japan, China, Australia, India, Taiwan, South Korea, Middle East & Africa, Others)

Limited scope research document specific to Country or Region meeting your business objective.

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Some Strategic Points Covered in Table of Content of Global Hydrocarbon Resins Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Hydrocarbon Resins market

Chapter 2: Exclusive Summary – the basic information of the Hydrocarbon Resins Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Hydrocarbon Resins

Chapter 4: Presenting the Hydrocarbon Resins Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5-7: Displaying the by Type, End User and Region 2014-2019. Evaluating the leading manufacturers of the Hydrocarbon Resins market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile. Market Estimates by segments, by countries and by manufacturers with revenue share and sales by key countries in these various countries (2020-2025).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Hydrocarbon Resins Market is a valuable source of guidance for individuals and companies.

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Market Reports

New report on Hydrocarbon Resins Market by top leading key players like

Latest Research Report: Hydrocarbon Resins industry

Hydrocarbon Resins Market report is to provide accurate and strategic analysis of the Profile Projectors industry. The report closely examines each segment and its sub-segment futures before looking at the 360-degree view of the market mentioned above. Market forecasts will provide deep insight into industry parameters by accessing growth, consumption, upcoming market trends and various price fluctuations.

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

Hydrocarbon Resins Market competition by top manufacturers as follow: , Eastman Chemical Company, KOLON Industries, Neville Chemical, Cray Valley, Qingdao Bater Chemical, RÜTGERS Group, LESCOCHEM, HIGREE, Qingdao Eastsun New Materials Corporation, Exxon Mobil, Arakawa Chemical Industries, MITSUI CHEMICALS AMERICA, ZEON

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Global Hydrocarbon Resins Market research reports growth rates and market value based on market dynamics, growth factors. Complete knowledge is based on the latest innovations in the industry, opportunities and trends. In addition to SWOT analysis by key suppliers, the report contains a comprehensive market analysis and major player’s landscape.
The Type Coverage in the Market are:
C5, Aliphatic Resins
C9, Aromatic Resins
C5/C9, Aliphatic/Aromatic Resins

Market Segment by Applications, covers:
Adheisves
Rubber mixing aids
Paint and ink additives
Asphalt additives
Other uses

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

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Important Features of the report:

  • Detailed analysis of the Hydrocarbon Resins market
  • Fluctuating market dynamics of the industry
  • Detailed market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of the market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Reasons for buying this report:

  • It offers an analysis of changing competitive scenario.
  • For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
  • It offers a seven-year assessment of the Global Hydrocarbon Resins
  • It helps in understanding the major key product segments.
  • Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
  • It offers the regional analysis of the Global Hydrocarbon Resins Market along with the business profiles of several stakeholders.
  • It offers massive data about trending factors that will influence the progress of the Global Hydrocarbon Resins

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