Europe Hydrocarbon Resins Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (C5 Petroleum Resins, C9 Petroleum Resins, C5/C9 Petroleum Resins, and Others) and Application (Adhesives and Sealants, Printing Inks, Rubber Compounding, Paints and Coatings, Tapes, and Labels, and Others)
Market Introduction
Europe includes Germany, France, Italy, the UK, Russia, and the Rest of Europe. The European region has a large number of paint & coatings, printing inks, and adhesives & sealants product manufacturers. A favorable regulatory environment is expected to increase the hydrocarbon resins market growth in the region. According to the European Chemicals Agency, hydrocarbon resins are registered under the REACH Regulation. They are manufactured in and/or imported to the European Economic Area at ≥ 1 to < 10 tons per annum. This substance is utilized by consumers, professional workers, in formulation or re-packing, and at industrial sites. Hydrocarbon resins are used in lubricants and greases, adhesives and sealants, polishes, and waxes.
In Europe, currently, France, the UK, and Russia are the worst-impacted countries by the COVID-19 pandemic. The massive outbreak of the pandemic has created a temporary distortion in operation efficiencies of industrial bases in the European market. The market for hydrocarbon resins has been negatively impacted due to disruptions in the supply chain. The pandemic has impacted the demand for hydrocarbon resins from sectors such as adhesives, paint, coating, etc. However, the various industries are coming on track after supply constraints affecting these industries are resolving gradually. The demand for hydrocarbon resins from the downstream adhesive and paint sector is improving, as the construction sector of the region is gradually recovering from the pandemic devastation.
Market Overview and Dynamics
The hydrocarbon resins market in Europe is expected to grow US$ 488.63 million in 2021 to US$ 675.64 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. Adhesives and sealants are one of the major application segments in the hydrocarbon resins market. As gluing has become a common method of joining materials in various industrial applications, adhesives are becoming more important. Hydrocarbon resins are used as a tackifier in adhesives. Hydrocarbon resins are extensively used in hot melts, pressure-sensitive adhesives, etc. Hence, the growing adhesives and sealants application will offer more opportunities for market growth. Additionally, players operating in the market are also focusing on capacity expansion to meet the growing demand in adhesive applications. For instance, Eastman - a global advanced materials and specialty additives company, is increasing its marketing capabilities for its Picco A-120 hydrocarbon resin, which offers resistance to acids and acts as a favorable solvent release. Further, In June 2021, Kolon Industries Inc. have added 15,000 tons of annual capacity in its hydrocarbon resin manufacturing. This addition gives the company a total capacity of 200,000 tons of hydrocarbon resin annually. The expanded facility will produce high reactive resins (HRRs), which is a type of hydrocarbon resin developed in-house by the company.
Key Market Segments
In term of type, C5 petroleum resins segment held a larger market share of the hydrocarbon resins market in 2020. In term of application, adhesives and sealants segment held a larger market share of the hydrocarbon resins market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the hydrocarbon resins market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.; and Arakawa Chemical Industries, Ltd. among others.
Reasons to buy report
- To understand the Europe hydrocarbon resins market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe hydrocarbon resins market
- Efficiently plan M&A and partnership deals in Europe hydrocarbon resins market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe hydrocarbon resins market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Hydrocarbon Resins Market Segmentation
Europe Hydrocarbon Resins Market – By Type
- C5 Petroleum Resins
- C9 Petroleum Resins
- C5/C9 Petroleum Resins
- Others
Europe Hydrocarbon Resins Market – By Application
- Adhesives and Sealants
- Printing Inks
- Rubber Compounding
- Paints and Coatings
- Tapes and Labels
- Other Application
Europe Hydrocarbon Resins Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Hydrocarbon Resins Market – Companies Mentioned
- 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Hydrocarbon Resins Market, by Type
1.3.2 Europe Hydrocarbon Resins Market, by Application
1.3.3 Europe Hydrocarbon Resins Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Hydrocarbon Resins Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Hydrocarbon Resins Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Use of Hydrocarbon Resins in Printing Inks and Rubber Compounding
5.1.2 Fostering Demand from Paints & Coatings Industry
5.2 Market Restraints
5.2.1 Availableness of Substitute Products
5.3 Market Opportunities
5.3.1 Accelerated demand for Synthetic Rubber in Automotive Industry
5.4 Future Trends
5.4.1 Intensifying New Developments in Hydrocarbon Resins Applications and Increasing Expansion of Hydrocarbon Resins Plants
5.5 Impact Analysis
6. Europe Hydrocarbon Resins Market Analysis
6.1 Europe Hydrocarbon Resins Market Overview
6.2 Europe Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Hydrocarbon Resins Market Analysis – By Type
7.1 Overview
7.2 Europe Hydrocarbon Resins Market, by Type
7.3 C5 Petroleum Resins:
7.3.1 Overview
7.3.2 C5 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
7.4 C9 Petroleum Resins:
7.4.1 Overview
7.4.2 C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
7.5 C5/C9 Petroleum Resins:
7.5.1 Overview
7.5.2 C5/C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Hydrocarbon Resins Market Analysis – By Application
8.1 Overview
8.2 Europe: Hydrocarbon Resins Market, by Application
8.3 Adhesives and Sealants:
8.3.1 Overview
8.3.2 Adhesives and Sealants: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Printing Inks:
8.4.1 Overview
8.4.2 Printing Inks: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Rubber Compounding:
8.5.1 Overview
8.5.2 Rubber Compounding: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Paints and Coatings:
8.6.1 Overview
8.6.2 Paints and Coatings: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Tapes and Labels:
8.7.1 Overview
8.7.2 Tapes and Labels: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Hydrocarbon Resins Market – Country Analysis
9.1 Overview
9.1.1 Europe: Hydrocarbon Resins Market, by Key Country
9.1.1.1 Germany: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Hydrocarbon Resins Market, by Type
9.1.1.1.2 Germany: Hydrocarbon Resins Market, by Application
9.1.1.2 France: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Hydrocarbon Resins Market, by Type
9.1.1.2.2 France: Hydrocarbon Resins Market, by Application
9.1.1.3 Italy: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Hydrocarbon Resins Market, by Type
9.1.1.3.2 Italy: Hydrocarbon Resins Market, by Application
9.1.1.4 United Kingdom: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 United Kingdom: Hydrocarbon Resins Market, by Type
9.1.1.4.2 United Kingdom: Hydrocarbon Resins Market, by Application
9.1.1.5 Russia: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: : Hydrocarbon Resins Market, by Type
9.1.1.5.2 Russia: : Hydrocarbon Resins Market, by Application
9.1.1.6 Rest of Europe: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Hydrocarbon Resins Market, by Type
9.1.1.6.2 Rest of Europe: Hydrocarbon Resins Market, by Application
10. Impact of COVID-19 Pandemic on Europe Hydrocarbon Resins Market
10.1 Impact of COVID-19 on Europe Hydrocarbon Resins Market
11. Industry Landscape
11.1 Expansion
12. Company Profiles
12.1 Eastman Chemical Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EXXON MOBIL CORPORATION
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kolon Industries Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Shandong Landun Petroleum Resin Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Puyang Tiancheng Chemical Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Shanghai Jinsen Hydrocarbon Resins Co., Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Lesco Chemical Limited
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Henan Anglxxon Chemical Co., Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Arakawa Chemical Industries, Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. France Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. France Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Italy Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Italy Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. United Kingdom Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. United Kingdom Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Russia : Hydrocarbon Resins Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 11. Russia : Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Europe Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of Europe Hydrocarbon Resins Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Glossary of Terms, Europe Hydrocarbon Resins Market
LIST OF FIGURES
Figure 1. Europe Hydrocarbon Resins Market Segmentation
Figure 2. Europe Hydrocarbon Resins Market Segmentation – By Country
Figure 3. Europe Hydrocarbon Resins Market Overview
Figure 4. Europe Hydrocarbon Resins Market, By Application
Figure 5. Europe Hydrocarbon Resins Market, by Country
Figure 6. Europe Hydrocarbon Resins Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: Europe Hydrocarbon Resins Market
Figure 9. Expert Opinion
Figure 10. Europe Hydrocarbon Resins Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe: Hydrocarbon Resins Market Revenue Share, by Type (2020 and 2028)
Figure 13. C5 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. C5/C9 Petroleum Resins: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Europe: Hydrocarbon Resins Market Revenue Share, by Application (2020 and 2028)
Figure 18. Adhesives and Sealants: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Printing Inks: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Rubber Compounding: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Paints and Coatings: Hydrocarbon Resins Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Tapes and Labels: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Geographic Overview of Europe Hydrocarbon Resins Market
Figure 25. Europe: Hydrocarbon Resins Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Germany: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. United Kingdom: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe hydrocarbon resins market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe hydrocarbon resins market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the hydrocarbon resins market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution