Hydrocarbon Resins Market Size, Share, Revenue, Key Trend and Global Outlook 2022-2028
The global Hydrocarbon Resins market was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are replacement of metallic parts with Hydrocarbon Resinss in various industries, high demand for lightweight automobiles, and stringent emission regulations worldwide. Besides, Hydrocarbon Resins is being extensively used in electronic appliances, automotive, construction, packaging, and consumer goods industries.
Polymerization and hydrogenation methods utilizing pure monomer hydrocarbon feedstock are used in making hydrocarbon resins. Hydrocarbon resins are employed in a variety of applications and are rarely used alone. Key characteristics of hydrocarbon resin, include outstanding binding qualities, UV stability, moisture resistance, high thermal stability, and superior solubility abilities. These factors are expected to drive demand among end-user companies for a variety of applications, thereby, boosting market expansion.
Hydrocarbon resins have seen significant demand over the years due to their color and odor-free nature, as well as the fact that they have no negative health effects. Need for hydrocarbon resins is being bolstered by changing customer and regulatory requirements. New criteria for specialized hot melt adhesives, such as softening point, defined compatibility, and thermostability, have contributed to an increase in demand. Formulated resins are created with these criteria and other demanding applications and product needs in mind.
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Key Companies in the market include:
- Eastman Chemical Company
- ExxonMobil Corporation
- Shadong Landun Petroleum Resin Co., Ltd.
- Puyang Tiacheng Chemcal Co. , Ltd.
- Shanghai Jinsen Hydrocarbon Resins Co, Ltd.
- Arakawa Chemical Industries Ltd.
- Kolon Industries Inc.
- Lensco Chemical Ltd.
- Neville Chemical Company
Scope: This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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Type Outlook (Revenue, USD Billion; 2018-2028)
- C5 Resin
- C9 Resin
- Hydrogenated Hydrocarbon Resin
Application Outlook (Revenue, USD Billion; 2018-2028)
- Printing Inks
- Paints and Coatings
- Tapes and Labels
Middle East & Africa
The COVID-19 impact:
The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for green coating is expected to rise in the coming years.
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Key questions covered in the global Hydrocarbon Resins market report:
What is the expected market size of the global Hydrocarbon Resins market during the forecast period?
What factors are expected to hamper global Hydrocarbon Resins market growth over the forecast period?
What key factors are expected to drive global revenue growth between Forecast Period?
Which application segment is expected to dominate other application segments over the forecast period?
Which region is expected to dominate in terms of revenue during the forecast period?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
Which leading players are operating in the global Hydrocarbon Resins market?
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