The Petroleum Resins Market is estimated to be valued at USD 3.20 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. Petroleum resins are nonvolatile polymeric compositions derived from petroleum or coal tar raw materials. They are thermosetting hydrocarbon resins that are solid or semi-solid in form. Petroleum resins are mainly used as binders, modifiers, tackifiers and coatings in a variety of applications such as adhesives, inks, road marking paints, and coatings among others. The global petroleum resins market has been growing steadily over the years owing to increasing demand from end-use industries such as construction, paper, packaging and personal hygiene. The market is expected to continue gaining momentum in the coming years supported by rising infrastructure development activities and growing consumption of packaged goods across the globe.

 Market Dynamics:

The key drivers propelling the growth of petroleum resins market are rapid urbanization and infrastructure development activities taking place across both developed and developing economies. The growing construction of roads, buildings and other civic amenities is significantly driving the consumption of adhesives, sealants and other petroleum resin containing products. Furthermore, rising disposable incomes have led to higher spending on packaged consumer goods which in turn is boosting the packaging industry and augmenting the demand for petroleum resins used in packaging applications. However, stringent environmental regulations regarding VOC emissions from petroleum resins-based products may hinder the market growth to some extent. On the positive side, growing R&D investments for developing bio-based and environment-friendly petroleum resins provide huge growth opportunities for market players.

 Key Features of the Study:

• This report provides in-depth analysis of the global petroleum resins market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global petroleum resins market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include 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, Anglxxon Chemical Co., Ltd., Puyang Ruisen Petroleum Resins Co., Ltd. , Innova (Tianjin) Chemical Co., Limited , Shandong Landun Petroleum Resin Co., Ltd., Shanghai Jinsen Hydrocarbon Resins Co., Limited, Synthomer PLC, Dycon Chemicals, and PROMAX.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global petroleum resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global petroleum resins market.

Detailed Segmentation-

• By Product Type:
  • Aliphatic C5 Resins
  • Aromatic C9 Resins
  • C5/C9 Resins
  • Hydrogenated Hydrocarbon Resins
• By Application:
  • Adhesive and Sealants
  • Hot Melt Adhesives (HMA)
  • Psa (Pressure Sensitive Adhesives)
  • Paints & Coatings
  • Rubber Compounding
  • Printing Inks
  • Tapes and Labels
  • Others
• By End use Industry:
  • Automotive
  • Building & Construction
  • Consumer Goods
  • Personal Hygiene
  • Tire Industry
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • 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
  • Anglxxon Chemical Co., Ltd.
  • Puyang Ruisen Petroleum Resins Co., Ltd.
  • Innova (Tianjin) Chemical Co., Limited
  • Shandong Landun Petroleum Resin Co., Ltd.
  • Shanghai Jinsen Hydrocarbon Resins Co., Limited
  • Synthomer PLC
  • Dycon Chemicals
  • PROMAX