Global Petroleum Resins Market to Grow at 3.74% During 2025-2033, Strengthened by Increasing Utilization in Adhesive Manufacturing

January 29, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Petroleum Resins Market Report by Product (C5 Resins, C9 Resins, C5/C9 Resins, Hydrogenated Resins), Application (Paints, Adhesives, Printing Inks, Rubber and Tires, Tapes and Labels, and Others), End Use (Automotive, Construction, Packaging, Consumer Goods, Personal Hygiene, and Others), and Region 2025-2033,” the global petroleum resins market reached a value of USD 4.50 Billion in 2024. Petroleum resins are a by-product of oil refining with a low molecular weight. They are made by polymerizing olefins, diolefins, and vinyl aromatic compounds obtained from cracked petroleum fractions. They act as a binder and offer various advantages, including fast drying, alkali resistance and abrasion proofing. As a result, they are employed in manufacturing adhesives, coatings, paper, varnishes, rubber, and printing inks across the globe.

Global Petroleum Resins Market Trends:

There is currently a rise in the utilization of petroleum resins in the production of personal care products, packaging tapes, tires, and building and construction materials. They have exceptional thermal stability, tack ability, peeling strength, and high softening point. Moreover, as they offer high performance, they find extensive applications in marking travel lanes, loading zones, and parking spaces worldwide. Besides this, governing agencies of numerous countries are implementing stringent regulations to limit the volatile organic compound (VOC) emissions from vehicle coatings. This, in turn, is inflating the sales of petroleum resins with low VOCs. Furthermore, the increasing utilization of these resins in the automotive industry is offering lucrative growth opportunities to leading market players. Looking forward, the market value is projected to reach USD 6.20 Billion by 2033, expanding at a CAGR of 3.74% during 2025-2033.

Market Summary:

Based on the product, the market has been segregated into C5, C9, C5/C9, and hydrogenated resins.
On the basis of the application, the market has been divided into paints, adhesives, printing inks, rubber and tires, tapes and labels, and others.
Based on the end use, the market has been classified into automotive, construction, packaging, consumer goods, personal hygiene, and others.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (Australia, China, Japan, India, South Korea, Indonesia, and others); Europe (the United Kingdom, Italy, Germany, France, Spain, Russia, and others); Latin America (Mexico, Brazil, and others); and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Henan Anglxxon Chemical Products Co., Ltd., Idemitsu Kosan Co., Ltd., Kolon Industries Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Changyu Petroleum Resins Co. Ltd., Seacon Corporation, TotalEnergies Group and Zeon Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, Application, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Arakawa Chemical Industries Ltd., Eastman Chemical Company, Exxon Mobil Corporation, Henan Anglxxon Chemical Products Co., Ltd., Idemitsu Kosan, KOLON Industries Inc., Lesco Chemical Limited, Neville Chemical Company, Puyang Changyu Petroleum Resins Co. Ltd., Seacon Corporation, TotalEnergies Group and Zeon Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Petroleum Resins Market to Grow at 3.74% During 2025-2033, Strengthened by Increasing Utilization in Adhesive Manufacturing

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