Eastman Chemical Company announced its collaboration with One Rock Capital Partners, LLC, to sell tire additives and other performance resin products.
Zeon Corporation promoted the application of its technology for forming adhesive layers in lithium-ion batteries. The expansion helps to maintain a proper distance between the electrodes and the lithium battery improving the shelf life of the battery with a good moment of ions from the anode to the cathode.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3307
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing construction activities on a global level and with rising automotive industry are the major factors driving the market growth.
The market size of hydrocarbon resins is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.
Fluctuating prices of the crude oil availability of alternate substitute products are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are TOTAL Cray Valley, Exxon Mobil Corporation, Shandong Landun Petroleum Resin Co., Ltd., Zeon Corporation, Shanghai Jinsen Hydrocarbon Resins Co., Limited, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application, end-user, and by region.
The adhesive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.