The hydrocarbon resins market was valued at US$ 1,921.30 million in 2021 and is projected to reach US$ 2,730.83 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Hydrocarbon resins are amorphous thermoplastic polymers that are produced by the polymerization of unsaturated hydrocarbons. They can be hydrogenated to improve their color and thermal stability. Based on type, the global hydrocarbon resins market is segmented into C5 petroleum resins, C9 petroleum resins, C5/C9 petroleum resins, and others. C5 resins are available in a wide range of softening points and molecular weights.
In 2020, Asia Pacific held the largest revenue share of the global hydrocarbon resins market. The building & construction industry, primarily in China and India, is a strong contributor to the market's growth. In India, the construction industry is the second largest industry after agriculture, accounting for about 11% of the country's GDP. Furthermore, with the growing application of hydrocarbon resins in numerous verticals and the efforts undertaken by leading chemical companies, the hydrocarbon resins market is predicted to grow in the Asia Pacific region.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Hydrocarbon Resins Market: Strategic Insights
Market Size Value in US$ 1,921.30 million in 2021 Market Size Value by US$ 2,730.83 million by 2028 Growth rate CAGR of 5.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Hydrocarbon Resins Market: Strategic Insights
| Market Size Value in | US$ 1,921.30 million in 2021 |
| Market Size Value by | US$ 2,730.83 million by 2028 |
| Growth rate | CAGR of 5.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Hydrocarbon Resins Market
The COVID-19 pandemic has drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the hydrocarbon resins market. The significant decline in the growth of several industrial sectors has impacted the demand for hydrocarbon resins in the global market. The demand for hydrocarbon resins has contracted with the reduced demand for C5 and C9 petroleum resins. The adhesives and sealants industry has faced many challenges during the pandemic. The COVID-19 pandemic has also impacted demand for hydrocarbon resins from the tire and rubber industry as many tire plants temporarily halted their production. However, as the economies are planning to revive their operations, the demand for hydrocarbon resins is expected to rise globally. The demand for hydrocarbon resins from the downstream adhesive and paint sectors has started rising with the resumption of business activities and the lifting of lockdown measures globally.
Global Hydrocarbon Resins Market Breakdown – by Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Market Insights
Growing Use of Hydrocarbon Resins in Printing Inks and Rubber Compounding
Hydrocarbon resins are used in various applications, including printing inks and rubber compounding. C9 hydrocarbon resins are highly used in printing inks. They have various advantages, such as color spreading, fast-drying, and brightening effects. Moreover, hydrocarbon resins are used for rubber and tire compounding. The growing automotive industry in various countries around the globe is creating the demand for tires, thereby driving the hydrocarbon resins market during the forecast period.
Application Insights
Based on application, the global hydrocarbon resins market has been segmented into adhesives and sealants, printing inks, rubber compounding, paints and coatings, tapes and labels, and others. The adhesives and sealants segment held the largest share of the global hydrocarbon resins market in 2020. Hydrocarbon resins are an important ingredient in the formulation of adhesives and sealants. Hydrocarbon resins are good tackifiers. The growing demand for adhesives for various applications is boosting the hydrocarbon resins market growth.
Hydrocarbon Resins Market, by Application – 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The key players operating in the global hydrocarbon resins market include Eastman Chemical Company; EXXON MOBIL CORPORATION; Kolon Industries Inc.; Shandong Landun Petroleum Resin Co., Ltd.; Puyang Tiancheng Chemical Co., Ltd.; Shanghai Jinsen Hydrocarbon Resins Co., Ltd; Lesco Chemical Limited; Henan Anglxxon Chemical Co., Ltd.; Arakawa Chemical Industries, Ltd.; RESIN CHEMICALS CO., LTD; and Neville Chemical Company. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill the customer's requirements.
Report Spotlights
- Progressive industry trends in the hydrocarbon resins market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the hydrocarbon resins market from 2019 to 2028
- Estimation of global demand for hydrocarbon resins
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the growth of the hydrocarbon resins market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the hydrocarbon resins market size at various nodes
- Detailed overview and segmentation of the market, as well as the hydrocarbon resins industry dynamics
- Size of the hydrocarbon resins market in various regions with promising growth opportunities
Global Hydrocarbon Resins Market
Type
- C5 Petroleum Resins
- C9 Petroleum Resins
- C5/C9 Petroleum Resins
- Others
Application
- Adhesives and Sealants
- Printing Inks
- Rubber Compounding
- Paints and Coatings
- Tapes and Labels
- Others
Company Profiles
- Eastman Chemical Company
- EXXON MOBIL CORPORATION
- Kolon Industries Inc.
- Shandong Landun Petroleum Resin Co., Ltd.
- Puyang Tiancheng Chemical Co., Ltd.
- Shanghai Jinsen Hydrocarbon Resins Co., Ltd
- Lesco Chemical Limited
- Henan Anglxxon Chemical Co., Ltd.
- Arakawa Chemical Industries, Ltd.
- RESIN CHEMICALS CO., LTD
- Neville Chemical Company
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global hydrocarbon resins market are Eastman Chemical Company; EXXON MOBIL CORPORATION; Kolon Industries Inc.; Shandong Landun Petroleum Resin Co., Ltd.; Puyang Tiancheng Chemical Co., Ltd.; Shanghai Jinsen Hydrocarbon Resins Co., Ltd; Lesco Chemical Limited; Henan Anglxxon Chemical Co.,Ltd.; Arakawa Chemical Industries,Ltd.; RESIN CHEMICALS CO., LTD; Neville Chemical Company; among others.
In 2021, Asia Pacific held the largest share of the global hydrocarbon resins market. Various countries from the region are witnessing a surge due to growth in urbanization and the robust growth of the automotive and construction sectors, which offers ample opportunities for key market players in the hydrocarbon resins market.
The C5 petroleum resins segment held the largest share of the global hydrocarbon resins market in 2021. C5 petroleum resins are used in applications such as asphalt modification, roofing, road paving, and modified wax compounds. Additionally, they are used in pressure-sensitive adhesives, tapes & labels, hot melt adhesives for nonwoven products, etc.
The adhesives and sealants segment held the largest share of the hydrocarbon resins market in 2021. Hydrocarbon resins are an important ingredient in the formulation of adhesives and sealants. Hydrocarbon resins are good tackifiers and are used in adhesives.
The rubber compounding segment is the fastest growing segment in the global hydrocarbon resins market during the forecasted period. Hydrocarbon resins are used in the rubber industry to optimize the rolling resistance and traction of tires. In rubber formulations, hydrocarbon resins are used to improve tack.
Asia Pacific is estimated to register the fastest CAGR in the global hydrocarbon resins market over the forecast period. The building & construction industry, primarily in China and India, is a strong contributor to the market's growth. Furthermore, the market players are highly focused on developing high-quality and innovative products to fulfill the end users' requirements through expansion, and other strategies.
1. Introduction 20
1.1 Study Scope. 20
1.2 The Insight Partners Research Report Guidance. 20
1.3 Market Segmentation. 21
1.3.1 Hydrocarbon Resins Market, by Type. 22
1.3.2 Hydrocarbon Resins Market, by Application. 23
1.3.3 Hydrocarbon Resins Market, by Geography. 23
2. Key Takeaways 24
3. Research Methodology 28
3.1 Scope of the Study. 28
3.2 Research Methodology. 28
3.2.1 Data Collection: 29
3.2.2 Primary Interviews: 29
3.2.3 Hypothesis formulation: 30
3.2.4 Macro-economic factor analysis: 30
3.2.5 Developing base number: 30
3.2.6 Data Triangulation: 30
3.2.7 Country level data: 31
4. Hydrocarbon Resins Market Landscape 32
4.1 Market Overview.. 32
4.2 Porter's Five Forces Analysis. 33
4.3 Ecosystem Analysis. 34
4.4 Expert Opinion. 36
5. Hydrocarbon Resins Market – Key Market Dynamics 37
5.1 Market Drivers. 37
5.1.1 Growing Use of Hydrocarbon Resins in Printing Inks and Rubber Compounding. 37
5.1.2 Rising Demand from Paints & Coatings Industry. 37
5.2 Market Restraints. 38
5.2.1 Availability of Substitute Products. 38
5.3 Market Opportunities. 38
5.3.1 Use of Sustainable Feedstock. 38
5.3.2 Growing demand for Synthetic Rubber in Automotive Industry. 38
5.4 Future Trends. 38
5.4.1 New developments in hydrocarbon resins applications and increasing expansion of hydrocarbon resins plants. 38
5.5 Impact Analysis. 40
6. Hydrocarbon Resins – Global Market Analysis 41
6.1 Hydrocarbon Resins Market Overview.. 41
6.2 Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Mn) 42
6.3 Market Positioning – Hydrocarbon Resins Market Players. 43
7. Hydrocarbon Resins Market Analysis – By Type 44
7.1 Overview.. 44
7.2 Hydrocarbon Resins Market, By Type (2020 and 2028) 44
7.3 C5 Petroleum Resins: 44
7.3.1 Overview.. 44
7.3.2 C5 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 45
7.4 C9 Petroleum Resins: 46
7.4.1 Overview.. 46
7.4.2 C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 46
7.5 C5/C9 Petroleum Resins: 47
7.5.1 Overview.. 47
7.5.2 C5/C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 47
7.6 Others. 48
7.6.1 Overview.. 48
7.6.2 Others: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 48
8. Hydrocarbon Resins Market Analysis – By Application 49
8.1 Overview.. 49
8.2 Hydrocarbon Resins Market, By Application (2020 and 2028) 49
8.3 Adhesives and Sealants: 49
8.3.1 Overview.. 49
8.3.2 Adhesives and Sealants: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 50
8.4 Printing Inks: 51
8.4.1 Overview.. 51
8.4.2 Printing Inks: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 51
8.5 Rubber Compounding: 52
8.5.1 Overview.. 52
8.5.2 Rubber Compounding: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 52
8.6 Paints and Coatings: 53
8.6.1 Overview.. 53
8.6.2 Paints and Coatings: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 53
8.7 Tapes and Labels: 54
8.7.1 Overview.. 54
8.7.2 Tapes and Labels: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 54
8.8 Others. 55
8.8.1 Overview.. 55
8.8.2 Others: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 55
9. Hydrocarbon Resins Market – Geographic Analysis 56
9.1 Overview.. 56
9.2 North America: Hydrocarbon Resins Market 56
9.2.1 North America: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 57
9.2.2 North America: Hydrocarbon Resins Market, by Type. 57
9.2.3 North America: Hydrocarbon Resins Market, by Application. 58
9.2.4 North America: Hydrocarbon Resins Market, by Key Country. 59
9.2.4.1 US: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 60
9.2.4.1.1 US: Hydrocarbon Resins Market, by Type. 60
9.2.4.1.2 US: Hydrocarbon Resins Market, by Application. 61
9.2.4.2 Canada: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 62
9.2.4.2.1 Canada: Hydrocarbon Resins Market, by Type. 62
9.2.4.2.2 Canada: Hydrocarbon Resins Market, by Application. 63
9.2.4.3 Mexico: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 64
9.2.4.3.1 Mexico: Hydrocarbon Resins Market, by Type. 64
9.2.4.3.2 Mexico: Hydrocarbon Resins Market, by Application. 65
9.3 Europe: Hydrocarbon Resins Market 66
9.3.1 Europe: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 66
9.3.2 Europe: Hydrocarbon Resins Market, by Type. 67
9.3.3 Europe: Hydrocarbon Resins Market, by Application. 68
9.3.4 Europe: Hydrocarbon Resins Market, by Key Country. 69
9.3.4.1 Germany: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 69
9.3.4.1.1 Germany: Hydrocarbon Resins Market, by Type. 70
9.3.4.1.2 Germany: Hydrocarbon Resins Market, by Application. 70
9.3.4.2 France: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 71
9.3.4.2.1 France: Hydrocarbon Resins Market, by Type. 71
9.3.4.2.2 France: Hydrocarbon Resins Market, by Application. 72
9.3.4.3 Italy: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 73
9.3.4.3.1 Italy: Hydrocarbon Resins Market, by Type. 73
9.3.4.3.2 Italy: Hydrocarbon Resins Market, by Application. 74
9.3.4.4 United Kingdom: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 75
9.3.4.4.1 United Kingdom: Hydrocarbon Resins Market, by Type. 75
9.3.4.4.2 United Kingdom: Hydrocarbon Resins Market, by Application. 76
9.3.4.5 Russia: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 77
9.3.4.5.1 Russia: : Hydrocarbon Resins Market, by Type. 77
9.3.4.5.2 Russia: : Hydrocarbon Resins Market, by Application. 78
9.3.4.6 Rest of Europe: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 79
9.3.4.6.1 Rest of Europe: Hydrocarbon Resins Market, by Type. 79
9.3.4.6.2 Rest of Europe: Hydrocarbon Resins Market, by Application. 80
9.4 Asia-Pacific. 81
9.4.1 Asia- Pacific: Hydrocarbon Resins Market – Analysis and Forecast to 2028 (US$ Million) 82
9.4.2 Asia-Pacific: Hydrocarbon Resins Market, by Type. 82
9.4.3 Asia-Pacific: Hydrocarbon Resins Market, by Application. 83
9.4.4 Asia- Pacific: Hydrocarbon Resins Market, by Key Country. 84
9.4.4.1 China: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 84
9.4.4.1.1 China: Hydrocarbon Resins Market, by Type. 85
9.4.4.1.2 China: Hydrocarbon Resins Market, by Application. 86
9.4.4.2 Japan: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 87
9.4.4.2.1 Japan: Hydrocarbon Resins Market, by Type. 88
9.4.4.2.2 Japan: Hydrocarbon Resins Market, by Application. 88
9.4.4.3 India: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 89
9.4.4.3.1 India: Hydrocarbon Resins Market, by Type. 90
9.4.4.3.2 India: Hydrocarbon Resins Market, by Application. 90
9.4.4.4 South Korea: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 91
9.4.4.4.1 South Korea: Hydrocarbon Resins Market, by Type. 92
9.4.4.4.2 South Korea: Hydrocarbon Resins Market, by Application. 92
9.4.4.5 Australia: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 93
9.4.4.5.1 Australia: Hydrocarbon Resins Market, by Type. 93
9.4.4.5.2 Australia: Hydrocarbon Resins Market, by Application. 94
9.4.4.6 Rest of Asia-Pacific: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 95
9.4.4.6.1 Rest of Asia-Pacific: Hydrocarbon Resins Market, by Type. 95
9.4.4.6.2 Rest of Asia-Pacific: Hydrocarbon Resins Market, by Application. 96
9.5 South and Central America: Hydrocarbon Resins Market 97
9.5.1 South and Central America: Hydrocarbon Resins Market – Analysis and Forecast to 2028 (US$ Million) 97
9.5.2 South and Central America: Hydrocarbon Resins Market, by Type. 98
9.5.3 South and Central America: Hydrocarbon Resins Market, by Application. 99
9.5.4 South and Central America: Hydrocarbon Resins Market, by Key Country. 100
9.5.4.1 Brazil: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 100
9.5.4.1.1 Brazil: Hydrocarbon Resins Market, by Type. 101
9.5.4.1.2 Brazil: Hydrocarbon Resins Market, by Application. 101
9.5.4.2 Argentina: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 102
9.5.4.2.1 Argentina: Hydrocarbon Resins Market, by Type. 102
9.5.4.2.2 Argentina: Hydrocarbon Resins Market, by Application. 103
9.5.4.3 Rest of South and Central America: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 104
9.5.4.3.1 Rest of South and Central America: Hydrocarbon Resins Market, by Type. 104
9.5.4.3.2 Rest of South and Central America: Hydrocarbon Resins Market, by Application. 105
9.6 Middle East and Africa: Hydrocarbon Resins Market 106
9.6.1 Middle East and Africa: Hydrocarbon Resins Market – Analysis and Forecast to 2028 (US$ Million) 106
9.6.2 Middle East and Africa: Hydrocarbon Resins Market, by Type. 107
9.6.3 Middle East and Africa: Hydrocarbon Resins Market, by Application. 108
9.6.4 Middle East and Africa: Hydrocarbon Resins Market, by Key Country. 109
9.6.4.1 South Africa: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 109
9.6.4.1.1 South Africa: Hydrocarbon Resins Market, by Type. 110
9.6.4.1.2 South Africa: Hydrocarbon Resins Market, by Application. 110
9.6.4.2 Saudi Arabia: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 111
9.6.4.2.1 Saudi Arabia: Hydrocarbon Resins Market, by Type. 111
9.6.4.2.2 Saudi Arabia: Hydrocarbon Resins Market, by Application. 112
9.6.4.3 UAE: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 113
9.6.4.3.1 UAE: Hydrocarbon Resins Market, by Type. 113
9.6.4.3.2 UAE: Hydrocarbon Resins Market, by Application. 114
9.6.4.4 Rest of Middle East and Africa: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million) 115
9.6.4.4.1 Rest of Middle East and Africa: Hydrocarbon Resins Market, by Type. 115
9.6.4.4.2 Rest of Middle East and Africa: Hydrocarbon Resins Market, by Application. 116
10. Impact of COVID-19 Pandemic on Global Hydrocarbon Resins Market 117
10.1 Impact of COVID-19 on Hydrocarbon Resins Market 117
10.2 North America: Impact Assessment of COVID-19 Pandemic. 118
10.3 Europe: Impact Assessment of COVID-19 Pandemic. 119
10.4 Asia Pacific : Impact Assessment of COVID-19 Pandemic. 120
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 121
10.6 South and Central America: Impact Assessment of COVID-19 Pandemic. 122
11. Industry Landscape 123
11.1 Expansion. 123
12. Company Profiles 124
12.1 Eastman Chemical Company. 124
12.1.1 Key Facts. 124
12.1.2 Business Description. 124
12.1.3 Products and Services. 124
12.1.4 Financial Overview.. 127
12.1.5 SWOT Analysis. 128
12.1.6 Key Developments. 128
12.2 EXXON MOBIL CORPORATION.. 129
12.2.1 Key Facts. 129
12.2.2 Business Description. 129
12.2.3 Products and Services. 129
12.2.4 Financial Overview.. 129
12.2.5 SWOT Analysis. 130
12.2.6 Key Developments. 130
12.3 Kolon Industries Inc. 131
12.3.1 Key Facts. 131
12.3.2 Business Description. 131
12.3.3 Products and Services. 131
12.3.4 Financial Overview.. 132
12.3.5 SWOT Analysis. 133
12.3.6 Key Developments. 133
12.4 Shandong Landun Petroleum Resin Co., Ltd. 134
12.4.1 Key Facts. 134
12.4.2 Business Description. 134
12.4.3 Products and Services. 134
12.4.4 Financial Overview.. 134
12.4.5 SWOT Analysis. 135
12.4.6 Key Developments. 135
12.5 Puyang Tiancheng Chemical Co., Ltd. 136
12.5.1 Key Facts. 136
12.5.2 Business Description. 136
12.5.3 Products and Services. 136
12.5.4 Financial Overview.. 136
12.5.5 SWOT Analysis. 137
12.5.6 Key Developments. 137
12.6 Shanghai Jinsen Hydrocarbon Resins Co., Ltd. 138
12.6.1 Key Facts. 138
12.6.2 Business Description. 138
12.6.3 Products and Services. 138
12.6.4 Financial Overview.. 138
12.6.5 SWOT Analysis. 139
12.6.6 Key Developments. 139
12.7 Lesco Chemical Limited. 140
12.7.1 Key Facts. 140
12.7.2 Business Description. 140
12.7.3 Products and Services. 140
12.7.4 Financial Overview.. 140
12.7.5 SWOT Analysis. 141
12.7.6 Key Developments. 141
12.8 Henan Anglxxon Chemical Co., Ltd. 142
12.8.1 Key Facts. 142
12.8.2 Business Description. 142
12.8.3 Products and Services. 142
12.8.4 Financial Overview.. 142
12.8.5 SWOT Analysis. 143
12.8.6 Key Developments. 143
12.9 Arakawa Chemical Industries, Ltd. 144
12.9.1 Key Facts. 144
12.9.2 Business Description. 144
12.9.3 Products and Services. 144
12.9.4 Financial Overview.. 145
12.9.5 SWOT Analysis. 146
12.9.6 Key Developments. 146
12.10 RESIN CHEMICALS CO., LTD.. 147
12.10.1 Key Facts. 147
12.10.2 Business Description. 147
12.10.3 Products and Services. 147
12.10.4 Financial Overview.. 148
12.10.5 SWOT Analysis. 148
12.10.6 Key Developments. 148
12.11 Neville Chemical Company. 149
12.11.1 Key Facts. 149
12.11.2 Business Description. 149
12.11.3 Products and Services. 149
12.11.4 Financial Overview.. 150
12.11.5 SWOT Analysis. 151
12.11.6 Key Developments. 151
13. Appendix 152
13.1 About The Insight Partners. 152
13.2 Glossary of Terms. 152
LIST OF TABLES
Table 1. Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Mn) 42
Table 2. North America Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 57
Table 3. North America Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (USD Million) 58
Table 4. US Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 60
Table 5. US Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 61
Table 6. Canada: Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 62
Table 7. Canada Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 63
Table 8. Mexico Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 64
Table 9. Mexico Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 65
Table 10. Europe Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 67
Table 11. Europe Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 68
Table 12. Germany Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 70
Table 13. Germany Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 70
Table 14. France Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 71
Table 15. France Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 72
Table 16. Italy Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 73
Table 17. Italy Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 74
Table 18. United Kingdom Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 75
Table 19. United Kingdom Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 76
Table 20. Russia : Hydrocarbon Resins Market, by Type– Revenue and Forecast to 2028 (USD Million) 77
Table 21. Russia : Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 78
Table 22. Rest of Europe Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million) 79
Table 23. Rest of Europe Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million) 80
Table 24. Asia-Pacific Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 83
Table 25. Asia-Pacific Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 83
Table 26. China Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 85
Table 27. China Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 86
Table 28. Japan Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 88
Table 29. Japan Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 88
Table 30. India Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 90
Table 31. India Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 90
Table 32. South Korea Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 92
Table 33. South Korea Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 92
Table 34. Australia Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 93
Table 35. Australia Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 94
Table 36. Rest of Asia-Pacific Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 95
Table 37. Rest of Asia-Pacific Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 96
Table 38. South and Central America Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 98
Table 39. South and Central America Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 99
Table 40. Brazil Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 101
Table 41. Brazil Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 101
Table 42. Argentina Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 102
Table 43. Argentina Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 103
Table 44. Rest of South and Central America Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 104
Table 45. Rest of South and Central America Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 105
Table 46. Middle East and Africa Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 107
Table 47. Middle East and Africa Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 108
Table 48. South Africa Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 110
Table 49. South Africa Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 110
Table 50. Saudi Arabia Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 111
Table 51. Saudi Arabia Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 112
Table 52. UAE Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 113
Table 53. UAE Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 114
Table 54. Rest of Middle East and Africa Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million) 115
Table 55. Rest of Middle East and Africa Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million) 116
Table 56. Glossary of Terms, Global Hydrocarbon Resins Market 152
LIST OF FIGURES
Figure 1. Hydrocarbon Resins Market Segmentation. 21
Figure 2. Hydrocarbon Resins Market Segmentation – By Geography. 22
Figure 3. Global Hydrocarbon Resins Market Overview.. 24
Figure 4. Global Hydrocarbon Resins Market, By Application. 25
Figure 5. Global Hydrocarbon Resins Market, by Geography. 26
Figure 6. Global Hydrocarbon Resins Market, Industry Landscape. 27
Figure 7. Porter's Five Forces Analysis. 33
Figure 8. Ecosystem: Hydrocarbon Resins Market 34
Figure 9. Expert Opinion. 36
Figure 10. Global Hydrocarbon Resins Market Impact Analysis of Drivers and Restraints. 40
Figure 11. Geographic Overview of Hydrocarbon Resins Market 41
Figure 12. Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Mn) 42
Figure 13. Hydrocarbon Resins Market Revenue Share, By Type (2020 and 2028) 44
Figure 14. C5 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 45
Figure 15. C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 46
Figure 16. C5/C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 47
Figure 17. Others: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 48
Figure 18. Hydrocarbon Resins Market Revenue Share, By Application (2020 and 2028) 49
Figure 19. Adhesives and Sealants: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 50
Figure 20. Printing Inks: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 51
Figure 21. Rubber Compounding: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 52
Figure 22. Paints and Coatings: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 53
Figure 23. Tapes and Labels: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 54
Figure 24. Others: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million) 55
Figure 25. Global Hydrocarbon Resins Market Revenue Share, by Region (2020 and 2028) 56
Figure 26. North America: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 57
Figure 27. North America: Hydrocarbon Resins Market Revenue Share, by Type (2020 and 2028) 57
Figure 28. North America: Hydrocarbon Resins Market Revenue Share, by Application (2020 and 2028) 58
Figure 29. North America: Hydrocarbon Resins Market Revenue Share, by Key Country (2020 and 2028) 59
Figure 30. US: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 60
Figure 31. Canada: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 62
Figure 32. Mexico: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 64
Figure 33. Europe: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 66
Figure 34. Europe: Hydrocarbon Resins Market Revenue Share, by Type (2020 and 2028) 67
Figure 35. Europe: Hydrocarbon Resins Market Revenue Share, by Application (2020 and 2028) 68
Figure 36. Europe: Hydrocarbon Resins Market Revenue Share, by Key Country (2020 and 2028) 69
Figure 37. Germany: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 69
Figure 38. France: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 71
Figure 39. Italy: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 73
Figure 40. United Kingdom: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 75
Figure 41. Russia: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 77
Figure 42. Rest of Europe: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 79
Figure 43. Asia- Pacific: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 82
Figure 44. Asia-Pacific: Hydrocarbon Resins Market Revenue Share, by Type (2020 and 2028) 82
Figure 45. Asia-Pacific: Hydrocarbon Resins Market Revenue Share, by Application (2020 and 2028) 83
Figure 46. Asia- Pacific: Hydrocarbon Resins Market Revenue Share, by Key Country (2020 and 2028) 84
Figure 47. China: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 84
Figure 48. Japan: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 87
Figure 49. India: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 89
Figure 50. South Korea: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 91
Figure 51. Australia: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 93
Figure 52. Rest of Asia-Pacific: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 95
Figure 53. South and Central America: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 97
Figure 54. South and Central America: Hydrocarbon Resins Market Revenue Share, by Type (2020 and 2028) 98
Figure 55. South and Central America: Hydrocarbon Resins Market Revenue Share, by Application (2020 and 2028) 99
Figure 56. South and Central America: Hydrocarbon Resins Market Revenue Share, by Key Country (2020 and 2028) 100
Figure 57. Brazil: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 100
Figure 58. Argentina: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 102
Figure 59. Rest of South and Central America: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 104
Figure 60. Middle East and Africa: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million) 106
Figure 61. Middle East and Africa: Hydrocarbon Resins Market Revenue Share, by Type (2020 and 2028) 107
Figure 62. Middle East and Africa: Hydrocarbon Resins Market Revenue Share, by Application (2020 and 2028) 108
Figure 63. Middle East and Africa Poultry feed Market Revenue Share, by Key Country (2020 and 2028) 109
Figure 64. South Africa: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 109
Figure 65. Saudi Arabia: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 111
Figure 66. UAE: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 113
Figure 67. Rest of Middle East and Africa: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million) 115
Figure 68. Impact of COVID-19 Pandemic in North America. 118
Figure 69. Impact of COVID-19 Pandemic in Europe. 119
Figure 70. Impact of COVID-19 Pandemic in Asia Pacific. 120
Figure 71. Impact of COVID-19 Pandemic in Middle East & Africa. 121
Figure 72. Impact of COVID-19 Pandemic in South and Central America. 122
The List of Companies - Hydrocarbon Resins Market
- Eastman Chemical Company
- EXXON MOBIL CORPORATION
- Kolon Industries Inc.
- Shandong Landun Petroleum Resin Co., Ltd.
- Puyang Tiancheng Chemical Co., Ltd.
- Shanghai Jinsen Hydrocarbon Resins Co., Ltd
- Lesco Chemical Limited
- Henan Anglxxon Chemical Co.,Ltd.
- Arakawa Chemical Industries,Ltd.
- RESIN CHEMICALS CO., LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Hydrocarbon Resins Market
Dec 2021
Polyacrylic Acid Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Form (Powder and Liquid), Application (Dispersing Agent, Anti-Scaling Agent, Thickeners, Emulsifiers, Ion-Exchanger, and Others), and End-Use Industry (Water Treatment, Personal Care & Cosmetics, Detergents & Cleaners, Leather & Textiles, Pulp & Paper, Paints & Coatings, Ceramics, and Others)
Dec 2021
Construction Additives Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Cement Additives, Concrete Admixtures (Precast Concrete and Ready-Mix Concrete), Paints and Coatings Additives, Adhesives and Sealants Additives, Plastic Additives, Bitumen Additives, and Others], and Application (Residential, Commercial, Infrastructure, and Others)
Dec 2021
Oil Pollution Remediation Materials Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
Dec 2021
Greenhouse and Mulch Film Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Greenhouse Films and Mulch Films), Material (LLDPE, LDPE, HDPE, EVA, PHA, PVC, PC, and Others), and Application (Vegetable Farming, Horticulture, Floriculture, and Others)
Dec 2021
Plastic for SLS 3D Printing Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Polyamide, Thermoplastic Polyurethane (TPU), Polyether Ether Ketone (PEEK), and Others) and End-Use Industry (Healthcare, Aerospace & Defense, Automotive, Electronics, Others)
Dec 2021
Carbon Fiber-Based SMC BMC Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Resin Type (Polyester, Vinyl Ester, Epoxy, and Others) and End-Use Industry (Automotive, Aerospace, Electrical and Electronics, Building and Construction, and Others)