Petroleum Resins Market Outlook, Global Growth Trajectory, Competitive Landscape and Revenue Forecast

According to the report, the petroleum resins market was valued at $2.5 billion in 2018 and is estimated to reach $4.0 billion by 2028, exhibiting a CAGR of 5.2% from 2023 to 2028.  

Petroleum Resins, also referred to as hydrocarbon Resins or Petrochemical Resins, are synthetic resins composed of petroleum or petroleum-based materials. They are manufactured by polymerizing petroleum or petroleum-derived by-products. Examples of such by-products include C5, C9, and DCPD (dicyclopentadiene).  

The C5 resins segment to maintain its leadership status throughout the forecast period-  

Based on resin, the C5 Resins segment held the highest market share in 2018, accounting for more than half of the global petroleum resins market and is projected to maintain its leadership status throughout the forecast period. As industrialization and urbanization continue in emerging economies, the demand for products that use C5 petroleum resins is likely to increase. This is particularly evident in industries such as construction, automotive, and consumer goods. However, the hydrogenated hydrocarbon resins segment would display the highest CAGR of 5.4% from 2023 to 2028.  

The adhesives and sealants segment to maintain its leadership status throughout the forecast period- 

 
Based on application, the adhesives and sealants segment held the highest market share in 2018, accounting for nearly one-third of the global petroleum resins market and is projected to maintain its leadership status throughout the forecast period. The surge in population, rise in urbanization, and increase in government spending boosts the growth of the building & construction sector to witness significant growth where adhesives & sealants are widely used to fill cracks, openings, and seal joints.  However, the paints and coatings segment is projected to grow at the highest CAGR of 5.5% from 2023 to 2028. Petroleum resins cannot be used alone, usually with other substances and as blends to improve the performance of paints & coatings. In the coatings industry, petroleum resin can be combined with other resins to achieve lower costs, improve product gloss, hardness, water resistance, stability and chemical resistance, and other properties of purpose.  

The building and construction segment to maintain its lead position throughout the forecast period-  

Based on end use industry, the building and construction segment held the highest market share in terms of revenue in 2018, accounting for nearly one-fourth of the global petroleum resins market and is projected to maintain its lead position throughout the forecast period. Petroleum resins in industry are used as adhesives and sealants. Their inclusion in these formulations significantly improves adhesion and bonding properties, ensuring a strong and reliable attachment among different building materials. From windows and doors to flooring and roofing, petroleum resin-based adhesives contribute to the overall stability and durability of constructed elements. However, the personal hygiene segment is projected to grow at the highest CAGR of 5.7% from 2023 to 2028. An increase in disposable income and a rise in healthcare spending on personal hygiene are anticipated to play a significant role in the expansion of the personal hygiene business.  

Asia-Pacific to maintain its dominance by 2028-  

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2018, accounting for more than half of the global petroleum resins market and is projected to maintain its dominance during the forecast period. The same region would also display the highest CAGR of 5.4% from 2023 to 2028. The increase in urbanization and infrastructure development in the region has led to a rise in construction activities. Petroleum resins are essential components in construction adhesives and sealants, enhancing their performance and durability.  

Leading Market Players: -  

• Arakawa Chemical Industries.  

• Exxon Mobil Corporation  

• Henan Anglxxon Chemical Co. Ltd.  

• Innova (Tianjin) Chemical Co. Ltd  

• Kolon Industries, Inc.  

• Lesco Chemical Limited  

• Neville Chemical Company  

• Puyang Tiancheng Chemical Co. Ltd.  

• Ruisen Resin Co. Ltd.  

• Synthomer Plc 

Honeycomb Paper Market Outlook 2026–2035 Global Growth Trajectory, Competitive Landscape and Revenue Forecast

According to the report, the global honeycomb paper industry was estimated at $6.5 billion in 2020, and is anticipated to hit $11.0 billion by 2030, registering a CAGR of 5.4% from 2021 to 2030. 

Drivers, restraints, and opportunities- 

Increase in use of expanded paper honeycomb as a substitute over traditional filling materials such as solid fillings, chipboard stripes, and tube board in interior doors and partition walls drive the growth of the global honeycomb paper market. On the other hand, poor processing performance of paper honeycomb paperboard limit the application of honeycomb paper in certain end-use industries, thereby impedes the growth to some extent. Nevertheless, paper honeycomb pallets are widely used and highly preferred for air shipments owing to their low weight and durability. This, in turn, has created lucrative opportunities in the industry. 

The 10 to 30 mm segment to dominate by 2030- 

Based on cell size, the 10 to 30 mm segment accounted for nearly half of the global honeycomb paper market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also cite the fastest CAGR of 5.6% throughout the forecast period. Growing population coupled with rapid urbanization has surged the growth of the building & construction sector in both the developed and developing economies where of cell sizes of honeycomb paper range from 10 mm to 30 mm and are used for manufacturing cores of different interior doors.

The home décor segment to maintain the dominant share- 

Based on end-use industry, the home decor segment held more than two-fifths of the global honeycomb paper market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 5.8% from 2020 to 2030. This is because paper honeycomb core is widely adopted for wide home décor applications such as interior doors and interior furniture products. 

Asia-Pacific, followed by Europe and North America, garnered the major share in 2020- 

Based on region, Asia-Pacific, followed by Europe and North America, held the major share in 2020, generating more than two-fifths of the global honeycomb paper market. The same region would also grow at the fastest CAGR of 6.2% by 2030. High strength ratio of honeycomb core materials make them an ideal substitute over other traditional chipboard strips and tube boards for home décor applications. The home décor sector across Asia-Pacific is gaining traction owing to rise in demand and adoption of eco-friendly products. 

Key players in the industry- 

• Lsquare Eco Products Pvt. Ltd. 

• Greencore Packaging 

• Honicel Nederland B.V. 

• EcoGlobe Packaging Private Limited 

• Helios Packaging 

• MAC PACK 

• Axxor 

• Crown Holdings Inc. 

• Schütz GmbH & Co. KGaA 

• YOJ Pack-Kraft