Petroleum Resins Market
Petroleum resins market: discover the latest statistics provided by an Ai-driven BI tool. Statistics cover exports, production, imports, consumption, market size, trade, companies, and market prices. There is a breakdown by country, including EU, China, the U.K., the U.S., Africa, Latin America, the Middle East, and Russia. Market trends and forecast to 2030 are also featured in the snapshots.
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Petroleum Resins - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | United States |
| 4 | Japan |
| 5 | Italy |
In value terms, the largest petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms markets worldwide were China, India and the United States, together accounting for 51% of the global market. These countries were followed by Japan, Italy, Germany, Mexico, Brazil, Turkey, Russia, Spain, South Korea and Thailand, which together accounted for a further 30%.
Among the main consuming countries, Italy recorded the highest growth rate of market size, over the period under review, while market of petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms for the other global leaders experienced more modest paces of growth.
Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones In Primary Forms Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Canada | 1136 | 1115 | 769 | -17.7% |
| China | 2316 | 2120 | 1917 | -9.0% |
| Thailand | 2142 | 2656 | 1968 | -4.1% |
| Taiwan (Chinese) | 1893 | 1863 | 2073 | 4.6% |
| South Korea | 2932 | 2760 | 2522 | -7.3% |
| Netherlands | 3086 | 2613 | 2820 | -4.4% |
| France | 2963 | 2904 | 2847 | -2.0% |
| Singapore | 3830 | 2772 | 3040 | -10.9% |
| United States | 4138 | 4188 | 4326 | 2.2% |
| Germany | 5073 | 4814 | 4484 | -6.0% |
| Japan | 5415 | 5404 | 5302 | -1.0% |
| Belgium | 5443 | 5185 | 7552 | 17.8% |
| Average | 3545 | 3404 | 3307 | -3.4% |
Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($7,552 per ton), while Canada ($769 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 6283 | 6457 | 6383 | 0.8% |
| China | 4614 | 4431 | 3963 | -7.3% |
| South Korea | 4052 | 3971 | 3875 | -2.2% |
| Germany | 4047 | 3924 | 3802 | -3.1% |
| Netherlands | 3365 | 3546 | 3548 | 2.7% |
| United States | 4010 | 3933 | 3260 | -9.8% |
| Spain | 3175 | 3180 | 3222 | 0.7% |
| Italy | 3304 | 3067 | 3012 | -4.5% |
| France | 3151 | 2903 | 2711 | -7.2% |
| Mexico | 2893 | 2912 | 2572 | -5.7% |
| India | 2487 | 2467 | 2276 | -4.3% |
| Thailand | 2877 | 2834 | 2119 | -14.2% |
| Indonesia | 2308 | 2310 | 2094 | -4.7% |
| Average | 3669 | 3554 | 3388 | -3.9% |
Prices varied noticeably by the country of destination; the country with the highest price was Japan ($6,383 per ton), while Indonesia ($2,094 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
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Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones in Primary Forms - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.8 | 0.8 | 0.8 | 0.1% |
| Germany | 0.7 | 0.6 | 0.5 | -11.7% |
| United States | 0.6 | 0.6 | 0.5 | -13.9% |
| Japan | 0.4 | 0.4 | 0.4 | 1.0% |
| Italy | 0.4 | 0.3 | 0.3 | -8.6% |
In value terms, China ($792M), Germany ($547M) and the United States ($464M) constituted the countries with the highest levels of imports in 2020, with a combined 30% share of global imports. These countries were followed by Japan, Italy, the Netherlands, France, South Korea, Mexico, Spain, India, Thailand and Indonesia, which together accounted for a further 34%.
Among the main importing countries, the Netherlands saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones in Primary Forms - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 1.3 | 1.1 | 1 | -10.7% |
| Germany | 1.2 | 1.1 | 1 | -9.5% |
| Japan | 0.8 | 0.7 | 0.7 | -4.3% |
| China | 0.7 | 0.7 | 0.6 | -6.1% |
| South Korea | 0.5 | 0.5 | 0.5 | -0.4% |
In value terms, the largest petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms supplying countries worldwide were the United States ($1B), Germany ($961M) and Japan ($705M), together accounting for 43% of global exports. These countries were followed by China, South Korea, France, the Netherlands, Belgium, Taiwan (Chinese), Thailand, Singapore and Canada, which together accounted for a further 45%.
Among the main exporting countries, Singapore (+50.8% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones in Primary Forms - Market Forecast
Driven by increasing demand for petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Petroleum Resins - Product Coverage
- HS 391110 - Petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary forms
- HS 391190 - Polysulphides, polysulphones and similar products of chemical synthesis n.e.s. in chapter 39; in primary forms
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