Hydrocarbon Resin Market Size, Share, Trends, Growth Outlook

Global Hydrocarbon Resin Market size of $2.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.4% to reach $4.3 Billion by 2030.

The global Hydrocarbon Resin Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (C5 Resins, C9 Resins, Pure Monomers, C5/C9 Resins, DCPD, Others), By Application (Adhesives & Sealants, Printing Inks, Paints & Coatings, Others).

An Introduction to Hydrocarbon Resin Market

Hydrocarbon resins, versatile polymers derived from petroleum feedstocks, serve as essential binders, tackifiers, and modifiers in adhesives, coatings, inks, and rubber compounding applications. The Hydrocarbon Resin market is expanding as manufacturers develop tailor-made resins to meet diverse industry needs, including enhanced adhesion, heat resistance, and compatibility with other polymers. With growing demand for high-performance and sustainable formulations, hydrocarbon resin suppliers are investing in R&D to develop innovative products and manufacturing processes.

Hydrocarbon Resin MarketCompetitive Landscape

The market report analyses the leading companies in the industry including Arakawa Chemical, Eastman Chemical Company, ExxonMobil, Kolon Industries, Lesco Chemical, Puyang Ruisen Petroleum Resins, Total Cray Valley, Zeon Corp, and others.

Hydrocarbon Resin MarketDynamics

Hydrocarbon Resin Market Trend: Increasing Demand for Hydrocarbon Resins in Adhesives and Sealants

The Hydrocarbon Resin Market is experiencing a prominent trend with the increasing demand for hydrocarbon resins in adhesives and sealants applications. Hydrocarbon resins are valued for their excellent adhesion properties, tackiness, and compatibility with various substrates, making them essential in formulating adhesives, sealants, and coatings. The growth of construction, automotive, packaging, and woodworking industries drives the demand for these versatile resins, leading to market expansion and opportunities within the adhesive and sealant segment.

Hydrocarbon Resin Market Driver: Growth in Construction and Infrastructure Development

A key driver for the Hydrocarbon Resin Market is the growth in construction and infrastructure development globally. The construction sector's demand for adhesives, sealants, and construction materials drives the consumption of hydrocarbon resins in applications such as flooring adhesives, waterproofing sealants, concrete additives, and roofing compounds. Additionally, infrastructure projects, urbanization trends, and renovations contribute to market growth, creating a favorable environment for hydrocarbon resin suppliers and manufacturers.

Hydrocarbon Resin Market Opportunity: Focus on Specialty Applications and Customized Formulations

The Market Opportunity for the Hydrocarbon Resin Market lies in focusing on specialty applications and customized formulations. As industries demand specific performance attributes such as UV resistance, low VOC emissions, or enhanced adhesion for their products, there is an opportunity to develop tailored hydrocarbon resin formulations to meet these requirements. Companies that invest in R&D, collaborate with end-users, and offer customized resin solutions for niche applications such as medical adhesives, automotive coatings, and electronics assembly can differentiate themselves in the market, address evolving customer needs, and capture new market segments.

Market Share Analysis: C5 Resins Segment Leads Rapid Growth in Hydrocarbon Resin Market Driven by Versatile Applications and Performance

Within the Hydrocarbon Resin market, the C5 Resins segment is experiencing the fastest growth. This surge is primarily propelled by the versatile applications and superior performance characteristics offered by C5 resins. C5 resins find extensive use in adhesives & sealants, printing inks, paints & coatings, and various other applications. Their excellent tackifying properties, compatibility with a wide range of polymers, and ability to enhance adhesive strength make them indispensable in the adhesive and sealant industry. Moreover, C5 resins exhibit good solubility, color stability, and thermal stability, making them ideal for use in printing inks and paints & coatings. As industries seek high-performance materials to meet diverse application requirements, the C5 Resins segment is poised for sustained growth, driving significant momentum in the Hydrocarbon Resin market.

Hydrocarbon Resin Market Report Segmentation

By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

 

Hydrocarbon Resin Market Companies Profiled in the Study

Arakawa Chemical
Eastman Chemical Company
ExxonMobil
Kolon Industries
Lesco Chemical
Puyang Ruisen Petroleum Resins
Total Cray Valley
Zeon Corp
*- List Not Exhaustive

 

TABLE OF CONTENTS

1 Introduction to 2024 Hydrocarbon Resin Market Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Hydrocarbon Resin Market Market Size Outlook, $ Million, 2021 to 2030
3.2 Hydrocarbon Resin Market Market Outlook by Type, $ Million, 2021 to 2030
3.3 Hydrocarbon Resin Market Market Outlook by Product, $ Million, 2021 to 2030
3.4 Hydrocarbon Resin Market Market Outlook by Application, $ Million, 2021 to 2030
3.5 Hydrocarbon Resin Market Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Hydrocarbon Resin Market Industry
4.2 Key Market Trends in Hydrocarbon Resin Market Industry
4.3 Potential Opportunities in Hydrocarbon Resin Market Industry
4.4 Key Challenges in Hydrocarbon Resin Market Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Hydrocarbon Resin Market Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Hydrocarbon Resin Market Market Outlook by Segments
7.1 Hydrocarbon Resin Market Market Outlook by Segments, $ Million, 2021- 2030
By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others

8 North America Hydrocarbon Resin Market Market Analysis and Outlook To 2030
8.1 Introduction to North America Hydrocarbon Resin Market Markets in 2024
8.2 North America Hydrocarbon Resin Market Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Hydrocarbon Resin Market Market size Outlook by Segments, 2021-2030
By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others

9 Europe Hydrocarbon Resin Market Market Analysis and Outlook To 2030
9.1 Introduction to Europe Hydrocarbon Resin Market Markets in 2024
9.2 Europe Hydrocarbon Resin Market Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Hydrocarbon Resin Market Market Size Outlook by Segments, 2021-2030
By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others

10 Asia Pacific Hydrocarbon Resin Market Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Hydrocarbon Resin Market Markets in 2024
10.2 Asia Pacific Hydrocarbon Resin Market Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Hydrocarbon Resin Market Market size Outlook by Segments, 2021-2030
By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others

11 South America Hydrocarbon Resin Market Market Analysis and Outlook To 2030
11.1 Introduction to South America Hydrocarbon Resin Market Markets in 2024
11.2 South America Hydrocarbon Resin Market Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Hydrocarbon Resin Market Market size Outlook by Segments, 2021-2030
By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others

12 Middle East and Africa Hydrocarbon Resin Market Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Hydrocarbon Resin Market Markets in 2024
12.2 Middle East and Africa Hydrocarbon Resin Market Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Hydrocarbon Resin Market Market size Outlook by Segments, 2021-2030
By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Arakawa Chemical
Eastman Chemical Company
ExxonMobil
Kolon Industries
Lesco Chemical
Puyang Ruisen Petroleum Resins
Total Cray Valley
Zeon Corp

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
C5 Resins
C9 Resins
Pure Monomers
C5/C9 Resins
DCPD
Others
By Application
Adhesives & Sealants
Printing Inks
Paints & Coatings
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)