What is Global Hydrogenation Petroleum Resins Market?
The Global Hydrogenation Petroleum Resins Market is a vast and complex field that encompasses a variety of different types of resins. These resins are created through a process known as hydrogenation, which involves the addition of hydrogen to a substance. This process is used to create a variety of different types of resins, including Hydrogenated C9 Petroleum Resin, Hydrogenated C5 Petroleum Resin, Hydrogenated DCPD Petroleum Resin, and others. These resins are used in a variety of different industries and applications, and their market is a significant part of the global economy. However, the specifics of this market can be difficult to understand without a detailed explanation.
Hydrogenated C9 Petroleum Resin, Hydrogenated C5 Petroleum Resin, Hydrogenated DCPD Petroleum Resin, Others in the Global Hydrogenation Petroleum Resins Market:
Hydrogenated C9 Petroleum Resin is a type of resin that is created through the hydrogenation of C9 petroleum. This type of resin is known for its excellent thermal stability, good compatibility, and wide compatibility with various polymers and elastomers. It is commonly used in a variety of applications, including adhesives, rubber compounding, and paints. Hydrogenated C5 Petroleum Resin, on the other hand, is a type of resin that is created through the hydrogenation of C5 petroleum. This type of resin is known for its excellent compatibility with a wide range of polymers and elastomers, and it is commonly used in a variety of applications, including hot melt adhesives, pressure sensitive adhesives, and paints. Hydrogenated DCPD Petroleum Resin is a type of resin that is created through the hydrogenation of DCPD petroleum. This type of resin is known for its excellent compatibility with a wide range of polymers and elastomers, and it is commonly used in a variety of applications, including adhesives, rubber compounding, and paints. Other types of hydrogenated petroleum resins are also available on the market, each with their own unique properties and applications.
Adhesive, Coating, Packaging Materials, Others in the Global Hydrogenation Petroleum Resins Market:
The Global Hydrogenation Petroleum Resins Market is used in a variety of different areas, including adhesives, coatings, packaging materials, and others. In the adhesive industry, these resins are used to improve the performance of adhesives by enhancing their adhesion, cohesion, and tack properties. In the coating industry, these resins are used to enhance the performance of coatings by improving their gloss, hardness, and resistance to chemicals and weathering. In the packaging materials industry, these resins are used to improve the performance of packaging materials by enhancing their barrier properties, sealability, and printability. Other applications of these resins include their use in rubber compounding, paints, and other industries.
Global Hydrogenation Petroleum Resins Market Outlook:
The global Hydrogenation Petroleum Resins market is a significant part of the global economy. In 2022, the market was valued at US$ 1749.1 million, and it is expected to reach US$ 2405.2 million by 2029. This represents a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2029. The largest market for these resins is North America, which accounts for about 27% of the global market. Europe is the second largest market, accounting for about 22% of the global market. The top three companies in this market account for about 64% of the market share. This data provides a clear picture of the size and importance of the global Hydrogenation Petroleum Resins market.
| Report Metric | Details |
| Report Name | Hydrogenation Petroleum Resins Market |
| Accounted market size in 2022 | US$ 1749.1 in million |
| Forecasted market size in 2029 | US$ 2405.2 million |
| CAGR | 4.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ExxonMobil, Kolon, Eastman, Formosan Union, Arakawa, IDEMITSU, China Petroleum Lanzhou Chemical, Heyun Group, Hebei Qiming, Zhejiang Henghe, Puyang Shenghong Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
