April 18, 2016 - 3:28 PM EDT
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The Global Petroleum Resin Market Is Estimated to Reach USD 2.58 Billion by 2021 - Research and Markets

Research and Markets has announced the addition of the "Petroleum Resin Market - Global Forecast to 2021" report to their offering.

The petroleum resin market is estimated to reach USD 2.58 Billion by 2021, at a CAGR of 7.7%. The petroleum resins market is growing because of growth in end-use industries such as automotive, building & construction, personal hygiene, and tire. Petroleum resins are used to provide chemical resistance, adhesion,and pressure resistance properties in these industries.

Petroleum resins are used in adhesives & sealants, paints & coatings , rubber compounding, printing inks, and others applications. These are the main applications considered in the report. In 2015, the adhesives & sealants application accounted for the largest market share as compared to onshore application, in terms of value. The paints & coatings application is estimated to register the highest CAGR between 2016 and 2021 among all the applications considered.

Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America are considered the main regions for the petroleum resin market in the report. The Asia-Pacific region is dominaning the petroleum resins market. The rising demand for petroleum resins in this region is mainly driven by its usage in building & construction. The presence of key market players in this region also contributed in the growing demand for petroleum resins.

The North American region is the second-largest consumer of petroleum resins, globally. The market in this region is mainly driven by the growing opportunities from personal hygiene, automotive, and tire industries. The adhesives & sealants application is the major contributer for the growing demand of petroleum resins in North America. Latin America is expected to be the second fastest-growing region between 2016 and 2021.

Though the petroleum resin market is growing at a significant rate, decreasing prices of crude oil and the rising cost of production are restraining the growth of the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Petroleum Resin Market, By Type

8 Petroleum Resin Market, By Application

9 Petroleum Resin Market, By End-Use Industry

10 Petroleum Resin Market, By Region

11 Competitive Landscape

12 Company Profile

Companies Mentioned:

  • Anglxxon Chemical Co., Ltd
  • Arakawa Chemical Industries Limited
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Innova (Tianjin) Chemical Co., Limited
  • Kolon Industries, Inc.
  • Lesco Chemical Limited
  • Nanjing Yuangang Fine Chemicals Co., Ltd
  • Neville Chemical Company
  • Puyang Ruisen Petroleum Resins Co., Ltd.
  • Puyang Tiancheng Chemical Co., Ltd.
  • Seacon Corporation
  • Shandong Landun Petroleum Resin Co., Ltd.
  • Shanghai Jinsen Hydrocarbon Resins Co., Limited
  • Thankyou Chem (Henan) Co., Ltd.
  • Total Cray Valley
  • Zeon Corporation

For more information visit http://www.researchandmarkets.com/research/c2lhtf/petroleum_resin

Research and Markets
Laura Wood, Senior Manager
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Sector: Process and Materials

Source: Business Wire (April 18, 2016 - 3:28 PM EDT)

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