Hydrocarbon Resin Market
Hydrocarbon Resin Market Study by C5 Resins, C9 Resins, Pure Monomers, C5/C9 Resins, and DCPD for Adhesives & Sealants, Printing Inks, and Paints & Coatings from 2024 to 2034
Analysis of Hydrocarbon Resin Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hydrocarbon Resin Market Outlook (2024 to 2034)
Forecasted to expand at a CAGR of 6.6%, the global hydrocarbon resin market is projected to increase from a size of US$ 1.55 billion in 2024 to US$ 2.93 billion by the end of 2034.
Demand for hydrocarbon resins is on the rise in the chemical industry due to their attributes such as color stability and volatility. A hydrocarbon resin, categorized as an aromatic hydrocarbon, exerts a tackifying effect and finds utility in paints, printing ink, and rubbers.
Also referred to as petroleum resins, hydrocarbon resins are amorphous thermoplastic polymers derived from the polymerization of unsaturated hydrocarbons. These resins typically exhibit high glass transition temperatures, thereby facilitating enhancements in compound viscosity and mold flow. They solidify at ambient temperatures, thus ensuring the maintenance of compound hardness. These characteristics play a pivotal role in industrial applications, driving their popularity and augmenting market conditions.
Hydrocarbon resins enhance paint gloss, film adhesion, hardness, acid, and alkali resistance. In addition, they possess non-hazardous properties, enabling safe storage in cold environments without posing risks. This attribute significantly diminishes production costs and delivery timelines, rendering them more appealing than other resin alternatives in the market. Consequently, these factors are contributing to the expansion of the hydrocarbon resin market size.
Key Market Growth Drivers
- In paints, hydrocarbon resins are used primarily to enhance final finishing while improving the adhesiveness of film coats. Moreover, they are highly resistant to acids and alkalis, offering safe wall paint with no risk of acidic reactions, which contributes to their popularity in the paint industry.
- Hydrocarbon resins are utilized as additives in coatings, playing an important role in protecting the surfaces of various materials. These coatings enhance the lifespan of materials, making hydrocarbon resins a significant component for industry players.
- Among all the hydrocarbon resins, aliphatic C5 has been employed in car tires, pressure-sensitive adhesive tapes, and rubber agents due to their exceptional properties, including low acid value and low molecular weight.
- C9 resins can be employed in other uses such as plasticizers, sealants, caulks, and synthetic lubricants, opening new market opportunities for suppliers to expand their presence.
- In the ink industry, C9 resins are used in various printing processes such as flexography, gravure, and screen printing. They help improve ink adhesion, color intensity, gloss, and drying properties, along with good printability on different substrates, making hydrocarbons a perfect choice among available alternatives.
- Besides these uses, hydrocarbon resins are frequently used in construction activities as a concrete-curing compound due to their excellent properties of tackiness and adhesion, which is boosting the overall sales of hydrocarbon resins in various countries.
| Report Attribute | Detail |
|---|---|
| Hydrocarbon Resin Market Size (2024E) | US$ 1.55 Billion |
| Forecasted Market Value (2034F) | US$ 2.93 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.6% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 7.1% CAGR |
| China Market Value (2034F) | US$ 617.6 Million |
| North America Market Share (2024E) | 28.6% |
| East Asia Market Share (2034F) | 38.4% |
| Key Companies Profiled | Total Cray Valley; Eastman Chemical Company; ExxonMobil; Arakawa Chemical; Kolon Industries; Lesco Chemical; Puyang Ruisen Petroleum Resins; Zeon Corporation. |
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Which Hydrocarbon Resin Market Trends are Helping Manufacturers Increase Their Profit Margins?
“Focus on Investments in Chemically Modified Hydrocarbon Resins and PV Cell Cost Reduction”
High-quality and durable component materials are indispensable for photovoltaic (PV) modules to operate reliably for over twenty years while reducing the cost of solar cells. As a result, ongoing research has focused on developing an adhesion-enhanced PV encapsulant material to replace the traditional EVA commonly used for crystalline silicon-based solar cells. Several vendors have invested in the development and fabrication of a chemically modified hydrocarbon resin (m-HCR) incorporating γ-methacryloxypropyl trimethoxy silane (MTS) to enhance tackiness and adhesion to glass substrates.
A polyolefin encapsulant material suitable for solar modules was successfully created by blending polyolefin elastomer (POE) with chemically modified hydrocarbon resin (m-HCR), synthesized through a radical reaction of MTS with HCR. This chemically modified hydrocarbon has paved new pathways and yielded fruitful results over the years. Major players in the solar industry have increased their investments in modified hydrocarbon resins, significantly boosting the sales of HCR and creating more favorable market conditions for profitability.
“Extensive Use of Hydrocarbon Resins in Aircraft Tires to Improve Takeoff and Landing”
Aircraft tires serve critical roles across three stages: taxiing, takeoff, and landing. During taxiing, the tire temperature remains relatively low due to the limited speed. However, the tread temperature experiences a significant rise during takeoff and landing, attributed to the high-speed friction between the tire and the runway.
Oligomeric hydrocarbon resins play a pivotal role in rubber manufacturing, functioning as processing aids, tackifiers, curing agents, and reinforcing materials. The incorporation of TP (terpene phenol resin) and hydrocarbon C9 resins into an NR/BR blend demonstrates the capability to notably enhance the ICT (ice traction) and WSR (wet skid resistance) of aviation tires.
Resins find extensive application in tire manufacturing, particularly in passenger car tires (PCT), aimed at enhancing viscoelastic properties. The utilization of resins in Silica (SI)-filled PCT enhances traction, handling, tread wear, and rolling resistance. Understanding the diverse impacts of various resin types on the viscoelastic characteristics of rubbers is crucial for tailoring tire attributes.
With an increasing number of individuals opting for air travel, there's a growing global demand for aircraft. This surge in demand necessitates a corresponding increase in the production of aircraft tires, driving up the demand for hydrocarbon resins essential for HCR production.
What are the Hindrances to Hydrocarbon Resin Market Growth?
“Variable Costs of Petroleum-based Raw Materials and Preference for Synthetic Polymers”
Fluctuating prices of crude oil impact sales of hydrocarbon resins derived from petrochemical feedstocks, consequently narrowing manufacturers' profit margins. In certain scenarios, hydrocarbon resins may be substituted with synthetic polymers or alternative resin forms that offer comparable or superior performance. The material choices made by producers and consumers can exert an influence on the hydrocarbon resins industry.
These factors are expected to impact profits and potentially diminish them. End users may opt for substitutes based on prevailing conditions and pricing, potentially reducing market opportunities for players in the hydrocarbon resin market.
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Country-wise Evaluation
In the North American region, the Canadian market is expected to lead and become a profitable marketplace. The market in Canada is projected to expand at a CAGR of 7.1% from 2024 to 2034. The country is forecast to occupy a hydrocarbon resin market share of 16.8% in North America by 2034.
Which Industry Extensively Utilizes Hydrocarbon Resins in the United States?
“Widespread Use of Hydrocarbon Resins in Automotive Industry”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 317.6 Million |
| Growth Rate (2024 to 2034) | 7.1% CAGR |
| Projected Value (2034F) | US$ 627.7 Million |
Due to their superior temperature and abrasion resistance, aromatic hydrocarbon resins find extensive use in the automobile industry for paints, coatings, and hot melt adhesives. The surge in demand for both passenger and commercial vehicles in the United States, coupled with favorable government policies promoting industry investments, has led to the growth of the automotive industry in the country.
Increase in vehicle production has led to an increased demand for petroleum resin, as well as heightened utilization of paints, coatings, and adhesive applications. Collectively, these factors serve as driving forces behind the growth of the market in the United States.
Why Do Suppliers See Lucrative Business Prospects China?
“Increase in Property Investments and Automobile Purchases”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 321.7 Million |
| Growth Rate (2024 to 2034) | 6.7% CAGR |
| Projected Value (2034F) | US$ 617.6 Million |
The rise in urbanization has brought about a shift in lifestyles globally, including in China, where demands and necessities have escalated, aiming for a fulfilling life. As a result, there has been a surge in property investments, automobile purchases, furnishings, and travel. Urbanization is projected to drive the growth of the construction sector. With a growing inclination towards luxury and increased spending, there has been a boom in vehicle sales, luxurious residences, and products, a trend likely to persist.
Category-wise Insights
Based on application, the paints and coatings segment is forecasted to expand at a CAGR of 6.6% from 2024 to 2034.
Which Specific Properties of Hydrocarbon Resins are Crucial for Use in Adhesives and Sealants?
“Tackifying Property of Hydrocarbon Resins Enhancing Adhesion Characteristics”
| Attribute | Adhesives & Sealants |
|---|---|
| Segment Value (2024E) | US$ 447.6 Million |
| Growth Rate (2024 to 2034) | 6.7% CAGR |
| Projected Value (2034F) | US$ 854 Million |
Primary reason for hydrocarbon resins to be used in the adhesive and sealant industry is their tackifying property. They improve hot tack, wetting characteristics, and open time as well as adhesion. All these factors have steadily boosted the usage of hydrocarbon resins in the sealant industry, consequently increasing the sales of hydrocarbon resins.
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Business Competition
The global hydrocarbon resin market is somewhat fragmented, with various global, medium-sized, and small-scale firms engaging in it. The market is very competitive due to the existence of a large number of regional and local companies.
Key players in the hydrocarbon resin industry are Eastman Chemical Company, ExxonMobil Corporation, Total SA (Cray Valley), KOLON Industries Inc., Lesco Chemical Limited, ZEON CORPORATION, and Arakawa Chemical Industries Ltd.
Fact.MR provides detailed information about the price points of key manufacturers of hydrocarbon resins positioned across the world, sales growth, production capacity, and speculative technological expansion, in its new market report.
Key Segments of Hydrocarbon Resin Market Research
-
By Type :
- C5 Resins
- C9 Resins
- Pure Monomers
- C5/C9 Resins
- DCPD
- Others
-
By Application :
- Adhesives & Sealants
- Printing Inks
- Paints & Coatings
- Others
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034
- 4.1. Historical Analysis
- 4.2. Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Type
- 6.2. Application
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
- 7.1. C5 Resins
- 7.2. C9 Resins
- 7.3. Pure Monomers
- 7.4. C5/C9 Resins
- 7.5. DCPD
- 7.6. Others
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 8.1. Adhesives & Sealants
- 8.2. Printing Inks
- 8.3. Paints & Coatings
- 8.4. Others
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Type, Application, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Total Cray Valley
- 19.2. Eastman Chemical Company
- 19.3. ExxonMobil
- 19.4. Arakawa Chemical
- 19.5. Kolon Industries
- 19.6. Lesco Chemical
- 19.7. Puyang Ruisen Petroleum Resins
- 19.8. Zeon Corporation
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
What is the market size for hydrocarbon resins in 2024?
The global hydrocarbon resin market is estimated at US$ 1.55 billion in 2024.
What are the projections for the hydrocarbon resin market?
The market for hydrocarbon resins has been forecasted to expand at 6.6% CAGR and reach US$ 2.93 billion by 2034.
How big is the market for hydrocarbon resins in the United States?
The U.S. market is estimated to reach US$ 317.6 million in 2024.
What is the market size for hydrocarbon resins in Japan?
The market in Japan is calculated to reach a value of US$ 172.4 million in 2024.
Which application accounts for significant sales of hydrocarbon resins?
Adhesives and sealants account for significant sales with a market valuation of US$ 447.6 million in 2024.
What is the estimated market value for South Korea in 2024?
The South Korean market is projected to reach US$ 71.2 million in 2024.
What is the market share of printing inks among all applications?
Printing inks account for a market share of 17.1% in 2024.
Hydrocarbon Resin Market