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Petroleum Resins Market Size Worth $4.1 Billion By 2025 Owing To Rising Demand For Petroleum Resins Application In Various EVA-Based Adhesives | Grand View Research, Inc.

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Petroleum Resins Market Size Worth $4.1 Billion By 2025 Owing To Rising Demand For Petroleum Resins Application In Various EVA-Based Adhesives | Grand View Research, Inc.

April 06
08:09 2021
Petroleum Resins Market Size Worth $4.1 Billion By 2025 Owing To Rising Demand For Petroleum Resins Application In Various EVA-Based Adhesives | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
Petroleum Resins Market Report: COVID-19 Impact and Recovery to 2025 provides the strategists, marketers and senior management with the critical information they need to assess the global Petroleum Resins Market as it emerges from the COVID-19 shut down

The global petroleum resins market is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025, according to a new report by Grand View Research, Inc. The market is driven by factors such as the rising demand for petroleum resins in EVA-based adhesives, printing inks, contact adhesives for footwear, sealants, specialty tapes, paints, packaging tapes, repositionable tapes, and permanent labels.

The surging demand for hydrocarbon resins in adhesive manufacturing owing to its properties including good adhesion, acid resistance, improved adhesive bond strength, alkali resistance, and water resistance is projected to the drive industry expansion during the forecast period. Also, the development of several catalytic polymerization and petrochemical complex to enhance the output of resins will augment the market size during the forecast period. 

Petroleum Resins Market Report Highlights

 Hydrogenated petroleum resins is projected to register at a CAGR of 6.3% from 2017 to 2025, on account of the high consumption of the EVA/ APAO-based hot melt adhesives products and pressure sensitive adhesives

The printing ink segment was valued at USD 214.9 million in 2016 and can be attributed to its increasing application in commercial printing, corrugated cardboards, publications, and packaging

Europe accounted for an overall share of 23.4% in 2016, on account of the  presence of automotive giants including BMW, Audi, Mercedes Benz, Aston Martin, Jaguar, Volkswagen, Fiat, Ferrari, Volvo,Lamborghini, and Porsche

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/petroleum-resins-market/request/rs1

Petroleum Resins Market Segmentation

Grand View Research has segmented the global petroleum resins market on the basis of product, application, end use, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

     C5 resins
     C9 resins
     C5/C9 resins
     Hydrogenated resins

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

     Paints
     Adhesives
     Printing inks
     Rubber & tires
     Tapes & labels
     Others

End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

     Automotive
     Construction
     Packaging
     Consumer goods
     Personal hygiene
     Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

     North America
        • The U.S.
     Europe
        • Germany
     Asia Pacific
        • China
    • Central and South America
        • Brazil
     Middle East & Africa

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/4740/ibb

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/petroleum-resins-market

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