Construction, Automotive, and Consumer Goods Application to Drive the Petroleum Resins Market

The report "Petroleum Resin Market by Type (C5, C9, Hydrogenated Hydrocarbon Resins and C5/C9 Resins), Application (Adhesive & Sealants, Printing Inks, Paints & Coatings), End-Use Industry (Building & Construction, Tire) and by Region - Global Forecast to 2021", The petroleum resin market size is estimated to grow from USD 1.78 Billion in 2016 to USD 2.58 Billion by 2021, at a CAGR of 7.7%.

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The key players in the petroleum resin market are Eastman Chemical Company (U.S.), ExxonMobil Corporation (U.S.), Total CrayValley (U.S.), and Kolon Industries (South Korea), Shandong Landun Petroleum Resin Co., Ltd. (China), Puyang Tiacheng Chemical Co., Ltd. (China), and Shanghai Jinsen Hydrocarbon Resins Co., Limited (China).

On the basis of Application:

• Adhesives & Sealants


• Printing Inks


• Paints & Coatings


• Rubber Compounding


• Tapes & Labels


• Others

Asia-Pacific: The largest market of petroleum resins

Asia-Pacific is currently the largest market for petroleum resins. China is the largest consumer of petroleum resins in this region.

The following are the favourable forces driving the market for petroleum resins in Asia-Pacific:

• Major manufacturers of petroleum resins in the region


• Growing commercial & industrial construction in the region


• Increasing investment in automobile sector

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Adhesives & sealants: The largest application segment of petroleum resin market

Petroleum resins are used in adhesives & sealants, printing inks, paints & coatings, rubber compounding, tapes & labels, and other applications. These are the main applications considered in the report. In 2015, the adhesives & sealants application segment accounted for the largest market share as compared to other applications, in terms of value and volume, due to its increasing usage in building & construction and book binding end-use industries.