companiesandmarkets.com now offers a market research report on the petroleum resins industry titled ‘Petroleum Resins: A Global Strategic Business Report.’
According to the report, the demand for petroleum resins will grow to 2.64 Mt in 2017, even though this will be affected by the improved demand for plant-based and biodegradable technologies.
Petroleum resins’ superior resistance and adhesive properties make them an ideal choice for numerous industrial applications, including rubber compounds, tires, adhesives, inks, paints and coatings. They are now used in several new markets such as pitch modified agents, oil field water treatments and slurry additives.
The major markets for the petroleum resin industry are the United States and Europe. China is one among the developing geographies for the petroleum resin market as the country sustained its growth during the economic downturn. The encouragement of governments and environmental laws toward the utilization of bioplastics in place of petroleum resin products may affect the growth of the industry.
The 161-page report includes historic and outlook information for the reporting period 2003-2017. The geographic segments of the petroleum resin market as per the report were the United States, Europe, Latin America, Canada, Asia-Pacific, Japan and Middle East. The report also discusses environmental influences, regulatory affairs, merger and acquisitions, drivers and barriers, trend and strategic activities of major players.
The report covers 55 key players in the petroleum resin market, including Qingdao Bater Chemical, RÜTGERS Group, Shanghai Jinsen Hydrocarbon Resins, Arakawa Chemical Industries, ZEON, Nanjing Shuangning Resin Science and Technology and Puyang Zhongde Petroleum Resins.
Source: http://www.companiesandmarkets.com