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)

In March 2024, SABIC launched new resin and is a finalist for the Edison Best New Product Awards
In February 2022, Eastman Chemical Company launched a new line of low molecular weight hydrocarbon resins called "Eastman Crystex Lite". These resins are designed to have good adhesion and color stability in hot melt adhesives, pressure-sensitive adhesives, and other applications.
Arakawa Chemical Industries launched a new hydrogenated petroleum resin in 2022 that is designed to have improved chemical resistance and thermal stability
In December 2021- Ford disclosed that the company is now using 100-percent recycled ocean plastics to develop a Bronco Sport compact SUV component. Ford alleges to be the first automaker to use 100-percent recycled ocean plastics to manufacture auto parts. The firm also claimed that recycled plastic generated from ocean debris is qualitatively equivalent to petroleum-based resin but saves up to 10% and requires less energy to produce.