Press release
Hydrocarbon resin market is expected to reach USD 2,658.9 million by 2030 : Cognitive Market Research
Hydrocarbon resin market is expected to reach USD 2,658.9 million by 2030 : Cognitive Market Research
What is a Hydrocarbon resin?
- Hydrocarbon resins are a class of synthetic resins that are derived from petroleum or natural gas feedstocks. They are thermoplastic polymers with a wide range of molecular weights and compositions and are produced by the polymerization of various unsaturated hydrocarbons, such as alkenes and dienes.
Hydrocarbon resins are widely used in a variety of applications, including adhesives, coatings, inks, and rubber compounding. They are known for their excellent tackiness, adhesion, and compatibility with a wide range of substrates, as well as their thermal stability and chemical resistance.
Summary:
- The Hydrocarbon resin market is expected to grow from USD 2,022.2 million in 2022 to USD 2,658.9 million by 2030, at a CAGR of 5.2%.
"To know more about The Hydrocarbon resin Market statistics click here: https://www.cognitivemarketresearch.com/hydrocarbon-resin-market-report
Market Dynamics:
• Rising adhesive industry boosts the demand for Hydrocarbon resins market
Hydrocarbon resins are widely used as tackifiers in adhesives due to their excellent tackiness, compatibility, and adhesion properties. With the growth of the adhesive industry, particularly in developing countries, the demand for hydrocarbon resins is expected to increase. Hydrocarbon resins are widely used in the production of hot melt adhesives, which are used in a variety of industries such as automotive, packaging, and construction. With the growing demand for hot melt adhesives, the demand for hydrocarbon resins is also expected to increase.
• Volatility of raw material prices acts as a restraint of the hydrocarbon resins market
Hydrocarbon resins are derived from petroleum or natural gas feedstocks, and their prices are subject to fluctuations in the prices of these raw materials. This can make it difficult for manufacturers to maintain consistent pricing and can limit the growth of the market.
• The rising adoption of bio-based and renewable resins will drive the hydrocarbon resins market growth
The development of bio-based and renewable hydrocarbon resins presents an opportunity for manufacturers to meet the growing demand for sustainable and environmentally friendly materials. This could also help to mitigate the environmental concerns associated with the production and use of hydrocarbon resins.
Hydrocarbon Resin Market Segmentation:
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
The Major Players in Hydrocarbon resin Market are:
Eastman Chemical Company, ExxonMobil Corporation, Shandong Landun Petroleum Resin Co. Ltd., Puyang Tiacheng Chemical Co. Ltd., Shanghai Jinsen Hydrocarbon Resins Co Limited
Get free sample pages of the latest published Hydrocarbon resin Market Report:
https://www.cognitivemarketresearch.com/hydrocarbon-resin-market-report#request_sample
News
• In June 2022
Kolon Industries has developed an advanced hydrocarbon resin that has a dramatically improved adhesion power. The company will enter the global high-value hydrocarbon resin market with this and other new products. Kolon Industries announced on June 21 that it has expanded its hydrocarbon resin production facility in Yeosu, South Jeolla Province, to mass-produce high-reactive resin (HRR), pure monomer resin (PMR), liquid hydrocarbon resin, and high-performance tire resin.
Regional Analysis:
• Asia Pacific dominates the Hydrocarbon Resin Market
Geographically, the global hydrocarbon resins market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. the Asia-Pacific region, including countries such as China, India, and Japan, currently has the highest market share for hydrocarbon resins. This can be attributed to the growing demand for adhesives, coatings, and other applications in industries such as packaging, construction, and automotive.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Hydrocarbon Resin Market
• 3.1 Global Hydrocarbon Resin Market Size 2018 - 2030, (USD Million)
• 3.2 Global Hydrocarbon Resin Value, Absolute & Opportunity Analysis
• 3.3 Global Hydrocarbon Resin Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Hydrocarbon Resin Market Statistics 2022: Snapshot
Chapter 4 Global Hydrocarbon Resin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Hydrocarbon Resin Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Hydrocarbon Resin Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Hydrocarbon Resin Market Regional Analysis
• 11.1 Detailed Qualitative Analysis
• 11.2 Global Hydrocarbon Resin Market Revenue by Region (2018-2030)
• 11.2 Global Hydrocarbon Resin Market Share (%) by Region (2018-2030)
Chapter 12 North America Hydrocarbon Resin Market Outlook (2018 - 2030)
Chapter 13 Europe Hydrocarbon Resin Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Hydrocarbon Resin Market Outlook (2018 - 2030)
Chapter 15 Latin America Hydrocarbon Resin Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Hydrocarbon Resin Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Hydrocarbon resin Market TOC click here: https://www.cognitivemarketresearch.com/hydrocarbon-resin-market-report#table_of_contents
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• Hot Melt Amorphous Polyalphaolefin - APAO Market - https://www.cognitivemarketresearch.com/hot-melt-amorphous-polyalphaolefin-apao-market-report
• Pyrolysis Oil Market - https://www.cognitivemarketresearch.com/pyrolysis-oil-market-report
• Hydrocarbon Analyzers market - https://www.cognitivemarketresearch.com/hydrocarbon-analyzers-market-report
• Hydrocarbon Refrigerant market - https://www.cognitivemarketresearch.com/hydrocarbon-refrigerant-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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