Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Petroleum Resin Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the Petroleum Resin Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2020-2025.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Petroleum Resin Market: Highlights
Petroleum resin market is likely to witness an impressive CAGR of 9.2% during the forecast period. The petroleum resin market is driven by the development of various end-use industries, such as building & construction, automotive, personal hygiene, and tire industry. Petroleum resins are employed to deliver chemical confrontation, pressure, and adhesion-resistance characteristics in these sectors.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.


Dissection by Segments
• By Type : Aliphatic C5 Resins, Aromatic C9 Resins and Others
• By Application Type : Adhesives & Sealants, Paints & Coatings and Others
• By End-User Type : Building & Construction, Tire Industry and Others
• By Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
Petroleum Resin is mainly resin that is derived from the fractions of cracked petroleum. They are much different than high polymers like polypropylene and polystyrene. Earlier, these resins used to be unstable, dark, and soft in nature but now it has got improved over time.
Petroleum resin can be of various types such as hydrogenated hydrocarbon resins, aromatic C9 resins, and many others. They have a tackifying property that makes it suitable for applications such as in varnishes, paint, printing ink, adhesives, rubber, and many others.
Based on the application type, the market is segmented as adhesives & sealants, paints & coatings, printing inks, rubber compounding, tapes & labels, and others. In 2018, the adhesives & sealants segment held the largest share against their onshore application counterparts. The paints & coatings segment is expected to depict the highest growth in the coming five years.
In terms of regions, Asia-Pacific is leading the market for petroleum resins. China and India are the growth engines of the region. The increasing claim for petroleum resins in this region is mainly bolstered by their applications in building & construction. The presence of giant market players in the region also significantly attributes to the high demand for petroleum resins. North America is estimated to be the second-largest customer of petroleum resins, across the globe. The market in this region is mainly fueled by the burgeoning growth opportunities from automotive, personal hygiene, and tire industries. Latin America is estimated to be the second fastest-growing market during the forecast.

Players
Some of the major players in the petroleum resin market are Arakawa Chemical Industries Limited, Anglxxon Chemical Co., Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Innova (Tianjin) Chemical Co., Limited, Kolon Industries, Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Ruisen Petroleum Resins Co., Ltd., and Seacon Corporation.

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