Global Petroleum Resins Market: Trends, Share, Size, Growth, Opportunity and Forecast 2026

 

Petroleum fractions that have been broken yield low molecular weight thermoplastic hydrocarbon resins known as petroleum resins. Since it has a small sticky effect known as tackification, it is utilised in coatings, paints, varnishes, printing inks, paper, lithographic inks, adhesives, concrete curing compounds, rubber, and other applications. It comes in a variety of forms, including powders, crushed nuggets, flakes, solid blocks, beads, solutions, and dispersions.

The by-products of petroleum cracking are petroleum resins. These are often referred to by other names, like hydrocarbon resins. Petroleum Resins Market are synthetic resins produced using chemical and polymerization methods. A variety of feedstock, including aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene), or blends of these, are used to create petroleum resins.

Petroleum Resins Market are employed in a wide range of industries, including compounding for rubber and plastics, paints, coatings, and inks. Petroleum resins have also been in higher demand for use in hot melt adhesives. This is explained by factors like its strong thermal stability and low odour.

Its outstanding adhesive property even at high temperatures and pressure conditions is one of the key drivers boosting the market for petroleum resins globally. The market is anticipated to increase as a result of the rising demand for petroleum resins from hot melt adhesives.

The enormous demand for petroleum resins from a variety of end-use sectors, including paints, coatings and inks, adhesives and sealants, chemical processing, and polymerization, also supports the Petroleum Resins Market expansion.

Since the feedstock for petroleum resins is naphtha, which is made from crude oil, the growing price of feedstock is a significant challenge for the global market for petroleum resins. As a result, the price of these resins made from petroleum tends to fluctuate since crude oil price volatility affects them. This has a negative impact on manufacturers' profitability, which may impede market expansion.

Key Players

Arakawa Chemical Industries, Eastman Chemical Company, Exxon Mobil Corporation, Ltd., Kolon Industries, Inc., Lesco Chemical Limited, Zeon Corporation, Seacon Corporation, Neville Chemical Company, Total Cray Valley, and Anglxxon Chemical Co., Ltd. are significant market participants in the global petroleum resins market.