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PRESS RELEASE

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Petroleum Resins market will reach $1.96 billion in 2017

LONDON, UK. 9th FEBRUARY 2017: A new report by Visiongain concludes that the world market for Petroleum Resins will reach $1.96 billion in 2017. This analysis and others appear in the Petroleum Resins Market Report 2017-2027: Forecasts By Type (C5 Resins, C9 Resins, Hydrogenated Hydrocarbon Resin, C5/C9 Resins), By Application (Adhesives & Sealants, Printing Inks, Paints & Coatings), By End-Use Industry (Building & Construction, Tire) and By Regional Market published by Visiongain, a leading business intelligence provider based in London, UK.

Petroleum resins have been used mainly for adhesives applications for a long time. These resins are categorized into major types that include: C5 resins, C9 resins, C5/C9 resins, and hydrogenated hydrocarbon resins. These resins are produced by using naphtha as a raw material. Petroleum resins are produced by using the hydrogenation process. These materials are cost effective and provide effective solutions to various end-use industries such as building & construction and automotive. Due to growing end-use industries, there has been an increase in the need for petroleum resin.

In future, there is a huge growth potential for petroleum resins in the tire industry due to its excellent adhesion and tackifier properties. This report analyses the global petroleum resins market by key applications such as adhesive & sealants, printing inks, and paints & coatings. Adhesive & sealants is the largest application for the petroleum resin in terms of value between 2017 and 2027 due to the resins excellent adhesion property. However, paints & coatings is the fastest growing application for petroleum resin between 2017 and 2027 in terms of market value.

Due to the fastest economic growth and increasing disposable income in the Asia-Pacific region the countries such as China, Japan, and India will see the fastest expansion in the petroleum resin market. Brazil follows closely but China is estimated to be the largest market for petroleum resin and will retain its position throughout the forecast period. The U.S. is the second largest market for petroleum resin with a market share of 15.9% in 2017. Moreover, the consumption of petroleum resin in the building & construction industry is forecasted to be dominated by the U.S.

This 168 page report contains 178 tables, charts and graphs that add visual analysis in order to explain developing trends within the Petroleum Resins market. Visiongain provides forecasts for the period 2017 to 2027 in terms of value (US$) for the Petroleum Resins market. In addition, 11 submarkets are forecasted and analysed by Visiongain over the period 2017 to 2027. The report also provides profiles of 10 leading companies operating within the market such as Eastman Chemical Company, ExxonMobil Corporation etc.

The Petroleum Resins Market Report 2017-2027: Forecasts By Type (C5 Resins, C9 Resins, Hydrogenated Hydrocarbon Resin, C5/C9 Resins), By Application (Adhesives & Sealants, Printing Inks, Paints & Coatings), By End-Use Industry (Building & Construction, Tire) and By Regional Market will be of value to current and future potential investors wanting to better understand the Petroleum Resins industry and its underlying dynamics, as well as companies and research centres who wish to broaden their knowledge of the Petroleum Resins market.

For sample pages and further information concerning the Visiongain’s report the Petroleum Resins Market Forecast 2017-2027 please visit https://www.visiongain.com/Sector/133/Packaging

For an executive summary please contact:
Email: Sara Peerun on sara.peerun@visiongainglobal.com

Tel: +44 (0) 20 7336 6100

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on. 

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