DUBLIN--(BUSINESS WIRE)--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
