Hydrocarbon Resins Market Forecast to 2028
New York, June 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Hydrocarbon Resins Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type and Application” – https://www.reportlinker.com /p06232561/?utm_source=GNW
Hydrocarbon resins are made from petroleum-based raw materials. They are very versatile products used in a variety of applications including adhesives and sealants, printing inks, rubber compounds, paints and coatings, as well as tapes and labels.
Hydrocarbon resins have good adhesion. Hydrocarbon resins are used in rubber formulations to improve adhesion.
On the basis of application, the global hydrocarbon resins market has been segmented into adhesives & sealants, printing inks, rubber compounds, paints & coatings, tapes & labels, and others. The adhesives and sealants segment held the largest share of the global hydrocarbon resins market in 2020.
The use of hydrocarbon resin in adhesives improves the adhesive strength, water resistance, acid resistance and alkali resistance. Hydrocarbon resin is mainly used as a tackifier in adhesives, especially in hot melts.
The growing demand for adhesives in construction and other applications will provide more growth opportunities for the market.
In 2020, Asia-Pacific held the largest revenue share of the global hydrocarbon resins market. The growing building and construction industry in the region is highly contributing to the growth of the market.
In addition, various countries in the region have adopted policies to encourage foreign direct investment in the automotive and construction sectors, which has led various companies to choose Asia-Pacific as a base for establishing units. Manufacturing. This factor is further expected to contribute to the development of the hydrocarbon resins market in the region.
Key players operating in the global hydrocarbon resins market include Eastman Chemical Company; EXXON MOBIL CORPORATION; Kolon Industries Inc.; Shandong Landun Petroleum Resin Co., Ltd. ; Puyang Tiancheng Chemical Co., Ltd. ; Shanghai Jinsen Hydrocarbon Resins Co., Ltd; Lesco Chemical Limited; Henan Anglxxon Chemical Co., Ltd. ; Arakawa Chemical Industries, Ltd. ; RESIN CHEMICALS CO., LTD; and Neville Chemical Company. The players operating in the market are highly focused on developing innovative and high quality product offerings to meet customer requirements.
The global hydrocarbon resins market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
Additionally, several primary interviews were conducted with industry participants to validate the data and gain more analytical insights on the topic. Participants in this process include industry experts such as vice presidents, business development managers, business intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders specializing in the hydrocarbon resins market.
Read the full report: https://www.reportlinker.com/p06232561/?utm_source=GNW
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