Global Petroleum Resins Market (Pune)

Global Petroleum Resins Market

Global Petroleum Resins Market size was valued at US 2.5 Bn in 2017 and is expected to reach US 4.7 Bn by 2026 register at a CAGR of 8.2 % during the forecast. Global Petroleum Resins MarketC5 resins segment leaded the petroleum resin market in 2017 owing to advantages of aliphatic C5 resins such as better glutinosity good anti-ageing properties fluidity low volatility and minimized odour. C5 C9 segment is estimated to witness a rapid growth due to its growing consumption in heavy end use industries. Moreover the hydrogenated resin is set to grow at the highest rate due to eco-friendly and reliable nature offered. Adhesive and sealants grabbed major share of petroleum resin market. Petroleum resins are used as tackifiers in adhesives and sealants to improve tack peel strength specific adhesion balance adhesion and cohesion enhance high temperature performance and decrease cohesive strength.Automotive industry leaded the petroleum resins market in 2017 and will continue its dominance throughout the forecast owing to the use of petroleum resins in rubber compounding to enhance modulus of the compound and chipping resistance.s www.maximizemarketresearch.com market-report global-petroleum-resins-market 20961 North America market is foreseen to be lucrative markets for petroleum resins. Growing demand for hydrocarbon resins from some of the burgeoning sectors and factors such as high disposable income along with the increasing investments in the end-use industries are propelling the market growth boosting the demand for the product. Asia Pacific petroleum resin market is flourishing due to the expanding production capacities in the region substantial investments and automation. Moreover the endless consumption of the product in some of the major end-use industries make the countries such as China Japan and India are the major contributors to the market growth. Automotive manufacturing bases present in India China Japan and South Korea are in turn expected to drive the petroleum resin market.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. Exxon Mobil Corporation (U.S.) Eastman Chemical Company (U.S.) Idemitsu Kosan Co. Ltd (Japan) Puyang Changyu Petroleum resins Co. Ltd.(China) Arakawa Chemical Industries Ltd (Japan) Kolon Industries Inc(South Korea) BASF SE(Germany) The Dow Chemical Company( U.S.) Cray Valley(France) and Neville Chemical Company. Scope of the Global Petroleum Resins MarketGlobal Petroleum Resins Market by Product C5 C9 C5 C9 Hydrogenated Global Petroleum Resins Market by Application Paints Adhesives Printing Inks Rubber Tapes Global Petroleum Resins Market by Application r Automotive Construction Packaging Consumer goods Personal hygiene Others Global Petroleum Resins Market by Region North America Europe Asia Pacific Middle East & Africa Latin America.s www.maximizemarketresearch.com market-report global-petroleum-resins-market 20961 Key Players analysed in Global Petroleum Resins Market Arakawa Chemical Industries Eastman Chemical Company Exxon Mobil Corporation Kolon Industries Lesco Chemical Limited Zeon Corporation Seacon Corporation Neville Chemical Company Total Cray Valley