PETROLEUM RESINS MARKET ANALYSIS

Petroleum Resins Market, By Product Type (Aliphatic C5 Resins, Aromatic C9 Resins, C5/C9 Resins, and Hydrogenated Hydrocarbon Resins), By Applications (Adhesive and Sealants, Hot Melt Adhesives, Psa, Paints & Coatings, Rubber Compounding, Printing Inks, Tapes and Labels, and Others), By End-use Industry (Automotive, Building & Construction, Consumer Goods, Personal Hygiene, Tire Industry, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI1251
Pages :178
Formats :
Excel and PDF
Industry : Polymers and Resins

Market Concentration and Competitive Landscape

Petroleum Resins Market Concentration By Players

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Growth in Emerging Economies

Strong economic expansion in developing nations has created tremendous opportunities for industries serving growing middle classes. The construction, automotive and consumer goods sectors in these emerging markets require large volumes of adhesives, paints, packaging and other products that utilize petroleum resins. Global producers have invested heavily in expanding petroleum resins production capacity across Asia Pacific and Latin America to better serve these high-potential regional markets. China in particular presents a massive driver of demand, with its immense infrastructure ambitions and upwardly mobile population of over a billion consumers. With their cost-competitive manufacturing bases and improving standards of living, emerging economies will likely continue powering petroleum resins consumption for years to come as industrialization and development accelerate in these regions.

Key Players Insights