석유 수지 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the petroleum resin market size was valued at USD 3.77 billion in 2025 and is estimated to grow from USD 3.99 billion in 2026 to reach USD 5.31 billion by 2031, at a CAGR of 5.88% during the forecast period (2026-2031).

This report is Segmented by Type (C5 (Aliphatic) Resins, C9 (Aromatic) Resins, and More), Application (Hot-Melt Adhesives, Pressure-Sensitive Adhesives, and More), End-User Industry (Construction and Infrastructure, Automotive and Tires, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Petroleum Resin Market Trends and Insights

Surging Demand from Pressure-Sensitive and Hot-Melt Adhesives

Parcel volumes generated by online shopping chains, together with high-speed packaging lines that rely on hot-melt systems formulated with hydrocarbon tackifiers. Water-white hydrogenated C5/C9 copolymers maintain tack on thinner recyclable films while keeping color and odor minimal. Peel-strength studies on styrene-block-copolymer pressure-sensitives confirm that aromatic-rich C9 fractions raise thermal stability by nearly 50°C at common 40-60 phr loadings. As e-commerce expands globally, these performance gains outweigh raw-material price swings for converters that prize uptime and package aesthetics.

Infrastructure Boom in South and Southeast Asia

Thermoplastic road-marking paints in India, Thailand, and Vietnam use C5 resins at 10-22 wt% to ensure rapid cure and asphalt adhesion under tropical heat. Chinese supplier Guangdong Bole exports 200-ton-per-day output that meets AASHTO M249 and BS 3262 standards, illustrating cross-border scale and specification diversity. Government highway programs across ASEAN are scheduled to add thousands of lane-kilometers this decade, anchoring consistent consumption even when automotive or consumer-goods cycles soften.

Volatile Crude-Oil and Naphtha Costs

Spot naphtha surged to almost USD 1,000/ton in March 2026 after shipping through the Strait of Hormuz stalled, forcing Asian crackers to throttle rates below 60% utilization. Resin producers without upstream integration saw margins contract 5-8% as C5/C9 fractions became scarce, underscoring the advantage of feed-flex refineries that can swing to ethane or butane when needed.

Other drivers and restraints analyzed in the detailed report include:

1. Capacity Expansion by APAC Producers
2. Shift Toward Hydrogenated, Low-VOC Grades
3. Tight VOC and Odor Rules

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

C5 aliphatic resins maintained a 31.67% hold on the petroleum resin market share in 2025, reflecting their affordability and compatibility with natural and synthetic rubber. Hydrogenated and water-white resins, though less voluminous, are registering a brisk 6.63% CAGR for the forecast period (2026-2031) as hygiene and food-contact converters prefer zero-odor profiles that meet MOAH/MOSH limits. Producers lacking hydrogenation capacity risk missing this growth corridor, particularly in Europe, where VOC legislation narrows the addressable pool for aromatic-rich C9 resins.

High-Tg DCPD resins such as LX-3100 are breaking new ground in EV tires, delivering rolling-resistance gains pivotal for extending battery range. C5/C9 copolymers remain the workhorse tackifiers for hot-melt packaging adhesives, balancing pale color with improved cohesion. Specialty cyclo-aliphatic resins carved from refinery DCPD streams occupy a premium tier thanks to thermal stability that surpasses 135°C ring-and-ball softening points, serving specialty tapes and high-temperature masking applications.

Geography Analysis

Asia-Pacific commands 45.63% of the global demand and is expected to deliver the fastest 6.88% expansion pace during the forecast period (2026-2031) as mega-refinery investments in China unlock abundant C5 and C9 streams. Government-backed expressway grids in India and ASEAN create recurring bids for thermoplastic road-marking paint, anchoring a resilient end-use even when export-oriented manufacturing slows. Integrated Chinese majors use local light-ends surpluses to underprice imports, compelling overseas producers to differentiate on purity and regulatory compliance.

North America leverages the ethane cost advantage that shielded margins during the 2026 naphtha spike. Recent additions at Baytown supply performance polymers that integrate seamlessly with hydrocarbon tackifiers, driving captive downstream demand. Aggressive post-consumer plastics recycling mandates expand access to circular C5 fractions, aligning sustainability credentials with corporate carbon goals.

European growth trails the global average due to subdued industrial activity and tighter VOC ceilings that raise compliance costs. However, premium hydrogenated resins fetch attractive margins, and suppliers that meet EN 71 and REACH restrictions defend share against lower-priced imports. Middle East & Africa and Latin America remain nascent but demonstrate upside where refinery upgrades, such as the Samref conversion into a petrochemical complex, promise localized feedstock pools that shorten logistics chains.

1. Arakawa Chemical Industries, Ltd.
2. China Petrochemical Corporation
3. Dow
4. Dycon Chemicals
5. Eastman Chemical Company
6. Exxon Mobil Corporation
7. Guangzhou ECOPOWER New Material Co. Limited
8. Henghe Material & Science Technology Co., Ltd.
9. Idemitsu Kosan Co., Ltd.
10. Kolon Industries, Inc.
11. Kumho Petrochemical Co., Ltd.
12. Lesco Chemical Limited
13. Neville Chemical Company
14. Puyang Tiancheng Chemical Co., Ltd.
15. Shandong Qilong Chemical Co., Ltd.
16. TotalEnergies
17. ZEON CORPORATION

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging demand from pressure-sensitive and hot-melt adhesives (e-commerce packaging)
  • 4.2.2 Infrastructure boom in South- and South-East Asia driving road-marking paints
  • 4.2.3 Capacity expansion by APAC producers lowering resin prices and enabling substitution
  • 4.2.4 Shift toward hydrogenated, low-VOC grades for hygiene and food-contact uses
  • 4.2.5 Adoption of petroleum-resin tackifiers in EV battery anode binders
  • 4.2.6 Advanced mixed-C5 recycling improving long-term feedstock security
• 4.3 Market Restraints
  • 4.3.1 Volatile crude-oil/naphtha pricing inflating feedstock costs
  • 4.3.2 Tightening VOC and odor regulations requiring costly hydrogenation upgrades
  • 4.3.3 Competition from bio-based terpene/rosin tackifiers in sustainable adhesives
  • 4.3.4 Geopolitical risks to C5/C9 feedstock logistics (Middle-East sea lanes)
• 4.4 Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Type
  • 5.1.1 C5 (Aliphatic) Resins
  • 5.1.2 C9 (Aromatic) Resins
  • 5.1.3 C5/C9 Copolymer Resins
  • 5.1.4 DCPD and Cyclo-aliphatic Resins
  • 5.1.5 Hydrogenated and Water-white Resins
• 5.2 By Application
  • 5.2.1 Pressure-Sensitive Adhesives
  • 5.2.2 Hot-Melt Adhesives
  • 5.2.3 Rubber Compounding and Tires
  • 5.2.4 Road-Marking Paints and Industrial Coatings
  • 5.2.5 Printing Inks and Flexible Packaging Films
  • 5.2.6 EV Battery Binders
• 5.3 By End-user Industry
  • 5.3.1 Construction and Infrastructure
  • 5.3.2 Automotive and Tires
  • 5.3.3 Packaging and Printing
  • 5.3.4 Paints, Coatings and Inks Manufacturing
  • 5.3.5 Electronics and Energy Storage
  • 5.3.6 Personal Hygiene and Medical
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 Japan
    • 5.4.1.3 India
    • 5.4.1.4 South Korea
    • 5.4.1.5 ASEAN Countries
    • 5.4.1.6 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Russia
    • 5.4.3.7 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Arakawa Chemical Industries, Ltd.
  • 6.4.2 China Petrochemical Corporation
  • 6.4.3 Dow
  • 6.4.4 Dycon Chemicals
  • 6.4.5 Eastman Chemical Company
  • 6.4.6 Exxon Mobil Corporation
  • 6.4.7 Guangzhou ECOPOWER New Material Co. Limited
  • 6.4.8 Henghe Material & Science Technology Co., Ltd.
  • 6.4.9 Idemitsu Kosan Co., Ltd.
  • 6.4.10 Kolon Industries, Inc.
  • 6.4.11 Kumho Petrochemical Co., Ltd.
  • 6.4.12 Lesco Chemical Limited
  • 6.4.13 Neville Chemical Company
  • 6.4.14 Puyang Tiancheng Chemical Co., Ltd.
  • 6.4.15 Shandong Qilong Chemical Co., Ltd.
  • 6.4.16 TotalEnergies
  • 6.4.17 ZEON CORPORATION

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-need Assessment
• 7.2 Hydrogenated Hydrocarbon Resins