Hydrocarbon Resins Market Segmentation:
Type (C5 Resin, C9 Resin, Hydrogenated Hydrocarbon Resin)
The hydrogenated hydrocarbon segment is estimated to gain the largest hydrocarbon resins market share of about 39% in the year 2035. The growth of the segment can be attributed to the increasing application in the food packaging sector. The use of low-volatile organic compounds in the production of hydrogenated hydrocarbon resin is approved by the Food & Drug Administration and EU regulations. The rising utilization of hydrogenated hydrocarbon resins in adhesives of diapers is estimated to drive the market segment growth. The increasing popularity of adhesives that are odor-free, color-free, and rising popularity in PSAs (pressure sensitive adhesives) utilized and thereby estimated to hike the market segment growth.
End-user (Automotive, Construction)
The automotive segment is expected to garner a significant share of around 36% in the year 2035. The growth of the market is attributed to the increasing automotive sector across the world. The rising electric vehicles demand with increasing fuel efficiency and reduction in the use of fossil fuels is driving the market segment growth. The growing utilization of transport for the import and export of goods with increasing e-commerce sales around the globe is anticipated to improve the growth opportunities of the market segment.
Our in-depth analysis of the global market includes the following segments:
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