탄화수소 수지 시장 예측(-2030년) : 유형별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Hydrocarbon Resins Market is accounted for $2.8 billion in 2023 and is expected to reach $5.10 billion by 2030 growing at a CAGR of 8.94% during the forecast period. Hydrocarbon resins are a versatile class of synthetic polymers derived from petroleum feedstocks. These resins are characterized by their excellent adhesive, binding, and thermal properties, making them widely used in various industrial applications. They are typically formed through the polymerization of aliphatic or aromatic hydrocarbons, resulting in a wide range of molecular weights and compositions tailored to specific applications. Hydrocarbon resins find extensive use in adhesives, coatings, inks, rubber compounding, and other industries due to their ability to improve product performance and processability.

According to the United Nations Conference on Trade and Development (UNSTAD), covid 19 boosted the percentage of online commerce, resulting in a 19 percent total share in 2022. Global e-commerce reached a record high of USD 26.7 trillion, up 4% from the previous year.

Market Dynamics:

Driver:

Growth in end-use industries

Growth in end-use industries serves as a significant driver for hydrocarbon resins. These resins find extensive application across various sectors, including adhesives, coatings, printing inks, and rubber compounding. As end-user industries such as construction, automotive, packaging, and textiles expand, the demand for hydrocarbon resins increases correspondingly. Their versatility, ranging from enhancing product performance to providing adhesion and durability, makes them indispensable in diverse manufacturing processes.

Restraint:

Toxicity

Toxicity restraint involves stringent control measures to minimize harmful effects on human health and the environment. This includes ensuring the use of raw materials with low toxicity levels and employing efficient manufacturing processes to reduce the generation of hazardous by-products. Regular monitoring and testing are essential to detect any potential toxicity concerns early on, allowing for prompt corrective action. Furthermore, regulatory compliance and adherence to industry standards play a crucial role in ensuring the safety and sustainability of hydrocarbon resin applications across various sectors.

Opportunity:

Rubber compounding

Hydrocarbon resins offer a promising opportunity in rubber compounding due to their versatile properties. These resins can act as tackifiers, reinforcing agents, and viscosity modifiers in rubber formulations, enhancing adhesive strength, modulus, and processing characteristics. Their compatibility with various elastomers allows for tailored blends catering to specific application needs, such as tire manufacturing, industrial rubber goods, and adhesives. Additionally, leveraging these advantages, manufacturers can optimize rubber compound formulations for improved performance, cost-effectiveness, and sustainability in diverse end-use applications.

Threat:

Environmental impact

Hydrocarbon resins pose environmental impact threats primarily due to their non-biodegradable nature. When released into the environment through manufacturing processes or product disposal, these resins can persist for long periods, accumulating in soil and water bodies. Their chemical composition can also leach harmful substances into ecosystems, potentially disrupting aquatic life and soil fertility. Additionally, the production of hydrocarbon resins often involves the use of fossil fuels, contributing to carbon emissions and climate change. Efforts to mitigate these impacts include improving recycling methods and exploring alternative, more eco-friendly resin formulations.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted hydrocarbon resins, which are crucial components in various industries such as adhesives, coatings, and printing inks. Supply chain disruptions, reduced demand due to economic slowdowns, and workforce shortages disrupted production and distribution channels. Fluctuating oil prices also affected the cost of raw materials, influencing resin prices. However, as economies gradually recover and industries resume operations, the demand for hydrocarbon resins is expected to stabilize, albeit with potential shifts in market dynamics and consumer preferences influenced by the pandemic's lasting effects.

The c9 petroleum resins segment is expected to be the largest during the forecast period

The C9 Petroleum Resins segment has experienced notable growth within the hydrocarbon resins market due to including increased demand from industries such as adhesives, coatings, and printing inks. C9 petroleum resins offer desirable properties such as excellent adhesion, compatibility, and thermal stability, making them ideal for a wide range of applications. Advancements in technology have led to the development of specialized C9 petroleum resins tailored to meet specific industry requirements. Additionally, the expanding construction and automotive sectors have boosted demand for adhesives and coatings, driving the need for C9 petroleum resins as key ingredients.

The building & construction segment is expected to have the highest CAGR during the forecast period

The building and construction segment has experienced notable growth in the utilization of hydrocarbon resins. These resins are increasingly employed in various construction applications due to their exceptional durability, and versatility. They are used in adhesives, sealants, coatings, and roofing materials, among others. The demand for hydrocarbon resins in this sector is driven by the booming construction industry, particularly in emerging economies where infrastructure development is robust. Furthermore, the shift towards eco-friendly and sustainable construction practices has further propelled the adoption of hydrocarbon resins, as they offer viable alternatives to traditional petroleum-based products.

Region with largest share:

North American region has experienced significant growth in the production and utilization of hydrocarbon resins. This expansion can be attributed to several factors, including increased demand across various industries such as adhesives, coatings, and printing inks. The region's thriving manufacturing sector, coupled with advancements in technology and resin formulations, has further fueled this growth. Additionally, the growing emphasis on sustainability and environmental regulations has prompted the adoption of hydrocarbon resins as eco-friendly alternatives to traditional petroleum-based products.

Region with highest CAGR:

The Asia-Pacific region has experienced substantial growth due to rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations. The expanding automotive and construction sectors have further boosted the demand for these resins in coatings and adhesives for various manufacturing processes. Additionally, favourable government policies promoting infrastructural development and foreign investments have contributed to the market's growth trajectory.

Key players in the market

Some of the key players in Hydrocarbon Resins market include Arakawa Chemical Industries Ltd, Cray Valley, Eastman Chemical Company, Exxon Mobil Corporation, Hi-gree, Kolon Industries Inc., Lesco Chemical Limited, Mitsui Chemicals America, Neville Chemical Company, Puyang Tiacheng Chemcal Co. , Ltd, Qingdao Eastsun New Materials Corporation, RUTGERS Group, Shandong Landun Petroleum Resin Co., Ltd and Zeon Corporation.

Key Developments:

In February 2024, EnLink Midstream has collaborated with ExxonMobil to explore additional CCS opportunities along the Gulf Coast. The initiative aims to extend beyond the south-east Louisiana Mississippi River Corridor and into several other areas, addressing one of the highest concentrations of industrial CO2 emissions in the US.

In February 2024, Eastman Chemical Co, based in Kingsport, Tennessee, has unveiled a comprehensive and long-term agreement with Nord Pal Plast SA, a part of Dentis Group, a prominent Italian multinational specializing in the recovery and mechanical recycling of PET packaging waste. This strategic collaboration extends across Dentis Group's mechanical recycling sites situated in France, Spain, and Italy.

Types Covered:

• C5 Petroleum Resins
• C9 Petroleum Resins
• C5/C9 Petroleum Resins
• Dicyclopentadiene (DCPD) Resins
• Other Types

Applications Covered:

• Adhesives and Sealants
• Printing Inks
• Rubber Compounding
• Paints and Coatings
• Tapes and Labels
• Building & Construction
• Personal Hygiene
• Tires
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hydrocarbon Resins Market, By Type

• 5.1 Introduction
• 5.2 C5 Petroleum Resins
  • 5.2.1 Hydrogenated C5 Resins
  • 5.2.2 Non-Hydrogenated C5 Resins
• 5.3 C9 Petroleum Resins
• 5.4 C5/C9 Petroleum Resins
• 5.5 Dicyclopentadiene (DCPD) Resins
• 5.6 Other Types

6 Global Hydrocarbon Resins Market, By Application

• 6.1 Introduction
• 6.2 Adhesives and Sealants
• 6.3 Printing Inks
• 6.4 Rubber Compounding
• 6.5 Paints and Coatings
• 6.6 Tapes and Labels
• 6.7 Building & Construction
• 6.8 Personal Hygiene
• 6.9 Tires
• 6.10 Other Applications

7 Global Hydrocarbon Resins Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Arakawa Chemical Industries Ltd
• 9.2 Cray Valley
• 9.3 Eastman Chemical Company
• 9.4 Exxon Mobil Corporation
• 9.5 Hi-gree
• 9.6 Kolon Industries Inc.
• 9.7 Lesco Chemical Limited
• 9.8 Mitsui Chemicals America
• 9.9 Neville Chemical Company
• 9.10 Puyang Tiacheng Chemcal Co. , Ltd
• 9.11 Qingdao Eastsun New Materials Corporation
• 9.12 RUTGERS Group
• 9.13 Shandong Landun Petroleum Resin Co., Ltd
• 9.14 Zeon Corporation