석유 수지 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 - 유형별, 용도별, 최종사용자별, 지역별 및 경쟁(2021-2031년)

The Global Petroleum Resin Market is projected to expand from USD 3.65 Billion in 2025 to USD 5.47 Billion by 2031, registering a CAGR of 6.98%. These low molecular weight thermoplastic polymers are derived from the C5 aliphatic and C9 aromatic byproducts of petroleum cracking, serving as critical binders and tackifiers in a variety of industrial applications. The market is primarily propelled by the rising demand for hot-melt adhesives in the personal hygiene and packaging sectors, where these resins provide essential cohesion and bonding properties. Additionally, the automotive and construction industries significantly contribute to consumption, utilizing these materials for durable road marking paints and rubber compounding in tire manufacturing to enhance resistance and stability.

However, the market encounters a substantial obstacle regarding the instability of feedstock supplies, particularly as the petrochemical industry transitions toward lighter ethane cracking, which yields fewer resin precursors. This supply-side limitation is evidenced by recent production metrics from major hubs. As reported by the Korea Petrochemical Industry Association, South Korea's total petrochemical output decreased by 1.4 percent to 21.1 million tons in 2024, underscoring the persistent raw material shortages that may hinder the steady capacity growth of the Global Petroleum Resin Market.

Market Driver

The surging demand for hot-melt adhesives within the e-commerce and packaging sectors serves as the primary catalyst for the petroleum resin industry. These hydrocarbon resins act as indispensable tackifiers, delivering the rapid setting speed and strong adhesion necessary for high-volume automated packaging systems used by online retailers. As consumer behavior shifts toward digital shopping, the usage of flexible mailers and corrugated boxes has increased, directly boosting the need for binders synthesized from C5 and C9 precursors. This correlation is supported by data from the U.S. Census Bureau, which reported in May 2024 that U.S. retail e-commerce sales for the first quarter of 2024 rose by 8.6 percent compared to the same period in 2023, securing a consistent demand base for packaging-grade resins.

Simultaneously, the robust expansion of high-performance tire manufacturing underpins market growth through the increased use of resins in rubber compounding. These materials function as vital processing aids in tire treads, improving wet grip and rolling resistance while maintaining the durability required by modern automotive safety standards. This industrial reliance is highlighted by the U.S. Tire Manufacturers Association's August 2024 forecast, which projects U.S. tire shipments to reach 337.4 million units in 2024, indicating a resurgence in manufacturing that demands significant resin inputs. Furthermore, the American Chemistry Council anticipates a 2.2 percent rise in total U.S. chemical production volume for 2024, reflecting an industrial recovery that supports the availability of resin feedstocks.

Market Challenge

The Global Petroleum Resin Market faces a significant impediment due to feedstock volatility, largely resulting from the petrochemical sector's transition toward lighter ethane cracking. Unlike traditional naphtha cracking, which produces substantial volumes of C5 and C9 fractions as byproducts, ethane cracking generates these essential resin precursors in negligible amounts. As major producers increasingly prioritize lighter feedstocks to maximize ethylene output, the supply of heavy liquid byproducts necessary for resin synthesis is structurally reduced, creating a chronic raw material deficit that constrains manufacturing capacity.

This supply-side restriction is illustrated by recent industrial data showing a contraction in cracker operations, which are the fundamental source of these precursors. According to the Japan Petrochemical Industry Association, Japan's ethylene production fell by 2.4 percent to 4.99 million tons in 2024, reaching a multi-decade low. This notable decline in basic petrochemical output correlates directly with the reduced availability of C5 and C9 streams required for resin formulation, thereby limiting the market's ability to scale production to meet global demand.

Market Trends

A major trend reshaping the market is the shift toward hydrogenated water-white resins, as manufacturers adopt advanced catalytic hydro-processing to create premium, low-odor tackifiers. This transition addresses the demand for superior thermal stability and color retention in high-specification applications that exceed standard industrial grades. Consequently, producers are upgrading their infrastructure to install heavy vertical hydrogenation reactors capable of processing C5 and C9 fractions into saturated polymers. This development is exemplified by Henghe Materials & Science Technology Co., Ltd., which announced in July 2024 the successful hoisting of a core 818-ton hydrogenation reactor, marking a significant boost in their capacity to supply high-purity hydrogenated grades globally.

In parallel, the integration of bio-based and recycled feedstocks for hybrid resins is gaining momentum as a strategy to reduce reliance on fossil-derived precursors. Driven by stricter regulations and sustainability targets, chemical companies are utilizing mass balance approaches to substitute traditional naphtha with pyrolysis oil from plastic waste and bio-based hydrocarbons. This innovation enables the production of eco-friendly resin precursors that uphold the rigorous performance standards required for adhesive formulations. This strategic pivot is evident in Mitsui Chemicals' March 2024 announcement regarding the launch of chemically recycled hydrocarbon derivatives at its Osaka Works, representing a breakthrough in diversifying feedstocks for downstream resin production.

Key Market Players

• Arakawa Chemical Industries,Ltd.
• Exxon Mobil Corporation
• Henan Anglxxon Chemical Co.,Ltd.
• INNOVA (TIANJIN) Chemical Co.,LTD
• Kolon Industries, Inc.
• Lesco Chemical Limited
• Neville Chemical Company
• Puyang Tiancheng Chemical Co.,Ltd.
• RuiSen ReSin Co. Ltd.
• Synthomer PLC

Report Scope

In this report, the Global Petroleum Resin Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Petroleum Resin Market, By Type

• Aliphatic C5 resins
• Aromatic C9 Resins
• C5/C9 Resins
• Hydrogenated hydrocarbon Resins

Petroleum Resin Market, By Application

• Adhesive & Sealants
• Printing Inks
• Tapes & Labels
• Rubber Compounding
• Paints & Coatings
• Others

Petroleum Resin Market, By End User

• Building & Construction
• Consumer Goods
• Automotive
• Personal Hygiene
• Tire
• Others

Petroleum Resin Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Petroleum Resin Market.

Available Customizations:

Global Petroleum Resin Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Petroleum Resin Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Aliphatic C5 resins, Aromatic C9 Resins, C5/C9 Resins, Hydrogenated hydrocarbon Resins)
  • 5.2.2. By Application (Adhesive & Sealants, Printing Inks, Tapes & Labels, Rubber Compounding, Paints & Coatings, Others)
  • 5.2.3. By End User (Building & Construction, Consumer Goods, Automotive, Personal Hygiene, Tire, Others)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Petroleum Resin Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By End User
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Petroleum Resin Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By End User
  • 6.3.2. Canada Petroleum Resin Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Application
      • 6.3.2.2.3. By End User
  • 6.3.3. Mexico Petroleum Resin Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Application
      • 6.3.3.2.3. By End User

7. Europe Petroleum Resin Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application
  • 7.2.3. By End User
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Petroleum Resin Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Application
      • 7.3.1.2.3. By End User
  • 7.3.2. France Petroleum Resin Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Application
      • 7.3.2.2.3. By End User
  • 7.3.3. United Kingdom Petroleum Resin Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Application
      • 7.3.3.2.3. By End User
  • 7.3.4. Italy Petroleum Resin Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Application
      • 7.3.4.2.3. By End User
  • 7.3.5. Spain Petroleum Resin Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Application
      • 7.3.5.2.3. By End User

8. Asia Pacific Petroleum Resin Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application
  • 8.2.3. By End User
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Petroleum Resin Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By End User
  • 8.3.2. India Petroleum Resin Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By End User
  • 8.3.3. Japan Petroleum Resin Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By End User
  • 8.3.4. South Korea Petroleum Resin Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By End User
  • 8.3.5. Australia Petroleum Resin Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By End User

9. Middle East & Africa Petroleum Resin Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application
  • 9.2.3. By End User
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Petroleum Resin Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By End User
  • 9.3.2. UAE Petroleum Resin Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By End User
  • 9.3.3. South Africa Petroleum Resin Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By End User

10. South America Petroleum Resin Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Application
  • 10.2.3. By End User
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Petroleum Resin Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By End User
  • 10.3.2. Colombia Petroleum Resin Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By End User
  • 10.3.3. Argentina Petroleum Resin Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By End User

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Petroleum Resin Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Arakawa Chemical Industries,Ltd.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Exxon Mobil Corporation
• 15.3. Henan Anglxxon Chemical Co.,Ltd.
• 15.4. INNOVA (TIANJIN) Chemical Co.,LTD
• 15.5. Kolon Industries, Inc.
• 15.6. Lesco Chemical Limited
• 15.7. Neville Chemical Company
• 15.8. Puyang Tiancheng Chemical Co.,Ltd.
• 15.9. RuiSen ReSin Co. Ltd.
• 15.10. Synthomer PLC

16. Strategic Recommendations

17. About Us & Disclaimer