South America 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
South America includes Brazil, Argentina, and the Rest of SAM. There is a surge in various infrastructure projects to meet the rapidly growing demand for public and private infrastructures, such as ports, roads, telecommunications, and airports, which is anticipated to create lucrative opportunities for the hydrocarbon resins market in the region. Moreover, growth in the paints & coatings industry in the region is the other factor anticipated to bolster the demand for hydrocarbon resins. As per a recent study by the United Nation's Economic Commission for Latin America and the Caribbean (Eclac), Latin America was hit hard as any other region globally in 2020, during which the region suffered a 7.7% squeeze in economic activity. Despite this enormous setback, recovering sales growth has shifted toward more DIY architectural segment customers and away from public projects involving industrial paints & coatings. Besides, according to Abrafati, in 2020, architectural paint and coatings sales in Brazil were up 5.1% to 1.4 billion liters. Following its optimum performance for 2020, the coatings sector in the country is expected to see paint sales rise at a similar rate to the country's GDP, which, by current projections, could mean growth of 3.5% or more.
Brazil has been ranked to be the third-most affected economy due to the COVID-19 pandemic globally. In South America, Brazil has the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, Chile, among others. The governments in South America have taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have an impact on the growth of the hydrocarbon resins market. The hydrocarbon resins market has faced challenges due to reduced demand from various end-use industries. However, the business activities are expected to gradually recover in the coming months as the governments from the region continue to push forward their reopening plan to kick start the economy.
Market Overview and Dynamics
The hydrocarbon resins market in South America is expected to grow US$ 39.87 million in 2021 to US$ 53.42 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. Synthetic rubber serves as a substitute for natural rubber in many cases, especially when improved material properties are required. Synthetic rubbers are widely utilized in various industries, such as automobiles, footwear, belting, etc. Synthetic rubber is procured from extremely reliable sources from tested parameters like composition, purity, and effectiveness. Further, near about 60% of rubber used in the tire industry is a synthetic rubber. This synthetic rubber uses petroleum-derived hydrocarbon resins. Hydrocarbon resins are suitable for use as a tackifier for various synthetic rubbers. Synthetic rubber provides specific properties in the areas of longevity and rolling resistance. Moreover, synthetic rubber is mainly used for passenger car and motorcycle tires as it provides them with good grip performances. With the robust growth in the automotive sector, the demand for synthetic rubber in automotive applications is increasing. This will offer ample opportunities to the players in the hydrocarbon resins market.
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 South America 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 South America 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 South America hydrocarbon resins market
- Efficiently plan M&A and partnership deals in South America 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 South America hydrocarbon resins market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
South America Hydrocarbon Resins Market Segmentation
South America Hydrocarbon Resins Market – By Type
- C5 Petroleum Resins
- C9 Petroleum Resins
- C5/C9 Petroleum Resins
- Others
South America Hydrocarbon Resins Market – By Application
- Adhesives and Sealants
- Printing Inks
- Rubber Compounding
- Paints and Coatings
- Tapes and Labels
- Other Application
South America Hydrocarbon Resins Market – By Country
- Brazil
- Argentina
- Rest of SAM
South America 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 South America Hydrocarbon Resins Market, by Type
1.3.2 South America Hydrocarbon Resins Market, by Application
1.3.3 South America 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. South America Hydrocarbon Resins Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South America Hydrocarbon Resins Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Thriving Use of Hydrocarbon Resins in Printing Inks and Rubber Compounding
5.1.2 Burgeoning Demand from Paints & Coatings Industry
5.2 Market Restraints
5.2.1 Existence of Substitute Products
5.3 Market Opportunities
5.3.1 Expanding demand for Synthetic Rubber in Automotive Industry
5.4 Future Trends
5.4.1 Strengthening New Developments in Hydrocarbon Resins Applications And Increasing Expansion of Hydrocarbon Resins Plants
5.5 Impact Analysis
6. South America Hydrocarbon Resins Market Analysis
6.1 South America Hydrocarbon Resins Market Overview
6.2 South America Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Hydrocarbon Resins Market Analysis – By Type
7.1 Overview
7.2 South America: 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. South America Hydrocarbon Resins Market Analysis – By Application
8.1 Overview
8.2 South America: 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. South America Hydrocarbon Resins Market – Country Analysis
9.1 Overview
9.1.1 South America: Hydrocarbon Resins Market, by Key Country
9.1.1.1 Brazil: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Hydrocarbon Resins Market, by Type
9.1.1.1.2 Brazil: Hydrocarbon Resins Market, by Application
9.1.1.2 Argentina: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Hydrocarbon Resins Market, by Type
9.1.1.2.2 Argentina: Hydrocarbon Resins Market, by Application
9.1.1.3 Rest of SAM: Hydrocarbon Resins Market –Analysis and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Hydrocarbon Resins Market, by Type
9.1.1.3.2 Rest of SAM: Hydrocarbon Resins Market, by Application
10. Impact of COVID-19 Pandemic on South America Hydrocarbon Resins Market
10.1 Impact of COVID-19 on South America 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. South America Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM Hydrocarbon Resins Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM Hydrocarbon Resins Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, South America Hydrocarbon Resins Market
LIST OF FIGURES
Figure 1. South America Hydrocarbon Resins Market Segmentation
Figure 2. South America Hydrocarbon Resins Market Segmentation – By Country
Figure 3. South America Hydrocarbon Resins Market Overview
Figure 4. South America Hydrocarbon Resins Market, By Application
Figure 5. South America Hydrocarbon Resins Market, by Country
Figure 6. South America Hydrocarbon Resins Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Ecosystem: South America Hydrocarbon Resins Market
Figure 9. Expert Opinion
Figure 10. South America Hydrocarbon Resins Market Impact Analysis of Drivers and Restraints
Figure 11. South America Hydrocarbon Resins Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America: 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. South America: 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 South America Hydrocarbon Resins Market
Figure 25. South America: Hydrocarbon Resins Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Brazil: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Argentina: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Hydrocarbon Resins Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in South America
- 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 South America 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 South America 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 South America 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