Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Petroleum Resins Market | Growing Demand led by Adhesives is expected to drive a stable CAGR!

Mar 08, 2018 (AB Digital via COMTEX) --

Market Scenario:

Petroleum Resins are gummy materials synthesized by the polymerizing unsaturated Petroleum constituents such as alkenes, alkynes and aromatic compounds.  Petroleum resins find extensive uses in adhesives, rubber, asphalt, paints & coatings, and other industries due to their inexpensive and wide availability. They possess intrinsic properties of thermal stability, softening point and heat resistance which has resulted in expansion of their uses in packaging industry. The Petroleum Resins Market is expected to generate a stable CAGR growth of 8.2 % over the forecast period of 2017 to 2023.


Growing demand from end users such as rubbers, adhesives, packaging, and other industries is the critical driver of the market. The development of large oil fields in recent years in Russia, Venezuela, Brazil and others is leading to regional diversification of once consolidated market. The fast expanding construction industry has created a larger demand for water-proof coatings, paints which is expected to aid the market.

Regional Analysis:

Asia Pacific accounts for the major share of the market owing to large demand from end users such as construction, automotive, packaging, and others. China, Japan and India are the major leading nations in the Asia Pacific market. The large chemical and plastic industry of China is a major consumer of the Petrochemical Resins. Moreover China has also developed as a large industrial base.

Get Sample of Report @

North American accounts for the second largest market led by the U.S. followed by Europe. The European market is led by U.K., Denmark, Norway, Germany and France. Latin America is expected to generate fastest growth on account of growing crude oil exploration and production. Venezuela, Brazil, Mexico are lucrative markets in this region. The Middle East & Africa is anticipated to witness second fastest growth in the market led by Saudi Arabia, Kuwait and others.

Segmental Analysis:

To get an accurate assessment of the differential market potential the Global Petroleum Resins Market is segmented by resin Type, Application, End-Use and Regions.

Resin type - C5, C9, hydrogenated hydrocarbon, and C5/C9. The C5 segment holds a major share of the market. However a rapid growth of the C5/C9 segment is expected owing to growing consumption in end use industries. The eco-friendly and reliable nature offered by the hydrogenated hydrocarbon resin is expected to make it the fastest growing segment.

Application - adhesives, paints & coatings, printing inks. The paints & coatings segment holds the major share due to their superior properties such as alkali resistance and adhesiveness. Adhesives is estimated to witness a higher growth owing to the growing demand of C9 resins having superior properties such as color spreading, fast dry, and brightening effects.

End-use - construction, automotive, packaging, personal hygiene. Among these, construction segment holds the major share of the market due to extensive use of petroleum resins in infrastructures, industrial roofing and membranes.

Regions - Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Get Complete Report @

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune -
City: Pune
State: Maharashtra
Country: India

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 64.20
Nat Gas 2.686
Corn 375
Cotton #2 83.68
Gold 1319.8
Copper 3.0390
Euro 1.23720
USD Index 89.655
SP500 E-mini 2718.75
DJIA E-mini 24689