Petroleum Resins Prices, Demand, News, Chart and Forecast

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐑𝐞𝐬𝐢𝐧𝐬 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧 𝐔𝐒𝐀

• 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 1588 USD/MT
• 𝐂𝐡𝐢𝐧𝐚: 1398 USD/MT

The petroleum resins prices in the United States reached 1588 USD/MT in June.

The latest report by IMARC Group, titled "𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐑𝐞𝐬𝐢𝐧𝐬 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒: 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚," provides a thorough examination of the 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐑𝐞𝐬𝐢𝐧𝐬 𝐏𝐫𝐢𝐜𝐞𝐬. This report delves into the price of Petroleum Resins globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴: 

• 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription
• 𝗕𝗶𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆 𝗨𝗽𝗱𝗮𝘁𝗲𝘀: Annual Subscription

The study delves into the factors affecting Petroleum Resins price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the Industry, equipping stakeholders with the latest information on Industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/petroleum-resins-pricing-report/requestsample

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐑𝐞𝐬𝐢𝐧𝐬 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝- 𝐒𝐞𝐜𝐨𝐧𝐝 𝐐𝐮𝐚𝐫𝐭𝐞𝐫 𝟐𝟎𝟐𝟒

The petroleum resins market is driven primarily by its diverse applications across various industries, including construction, automotive, adhesives, and coatings. In construction, petroleum resins are vital for manufacturing paints and sealants, benefiting from increased infrastructure investments and seasonal construction activities. The automotive sector also relies heavily on these resins for producing adhesives, coatings, and tire rubber, which enhance vehicle durability and performance. Growing demand in the packaging industry, where petroleum resins are used for making pressure-sensitive adhesives and tapes, further contributes to market growth.

Technological advancements and continuous innovation in resin formulations have expanded their use in newer applications, enhancing their utility and driving demand. Moreover, the market benefits from the broader economic recovery and increased industrial output, especially in emerging markets where rapid urbanization and industrialization spur infrastructure development. The integration of petroleum resins into environmentally friendly products, such as low-VOC paints and coatings, aligns with global sustainability trends, providing an additional growth avenue.

𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐑𝐞𝐬𝐢𝐧𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

In Q2 2024, petroleum resin prices in North America were influenced by supply chain disruptions, rising feedstock costs, and increased demand from key sectors. Unplanned shutdowns at major production facilities created a tight supply environment, driving prices upward. Rising import costs from Asian markets and a sharp increase in global container freight rates further pressured prices.

The construction sector, bolstered by government infrastructure projects and heightened seasonal demand, continued to exert upward pressure on resin prices. In the Asia-Pacific region, the petroleum resin market maintained stable pricing despite supply chain disruptions and external pressures. Demand from the construction and automotive sectors remained strong, supporting market equilibrium despite occasional disruptions. A temporary plant shutdown at Anhui Tongxin New Material Technology Co., Ltd. due to a heavy rainstorm momentarily tightened supply but did not result in long-term market instability. In Europe, petroleum resin prices followed a dynamic and upward trend, influenced by rising feedstock costs, escalating freight rates, and geopolitical tensions.

The cost of crude oil increased significantly, driving up production expenses. Global freight rates surged, adding to logistical costs and contributing to the bullish pricing environment. In Germany, price changes were notably driven by rising costs and robust demand from key industries. The market in Europe demonstrated resilience and growth potential, underpinned by robust demand and rising production costs.

𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐭:
https://www.imarcgroup.com/request?type=report&id=22563&flag=C

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 

• 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• 𝗘𝘂𝗿𝗼𝗽𝗲: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: United States and Canada
• 𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

𝗡𝗼𝘁𝗲: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀: 

𝗜𝗠𝗔𝗥𝗖 𝗚𝗿𝗼𝘂𝗽
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼:(𝗗) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀: 

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.