The Global Hydrocarbon Resins Market was valued at USD 1.97 Billion in 2023 and is projected to reach USD 2.83 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2023-2029). This expansion is driven by rising demand from adhesive manufacturing, rubber compounding, and the increasing adoption of sustainable resin formulations across industries.

As manufacturers seek high-performance, cost-effective chemical solutions, hydrocarbon resins have become essential additives in diverse applications. In this analysis, we profile the Top 10 Companies in the Hydrocarbon Resins Market—a mix of petrochemical giants, specialty chemical producers, and regional leaders shaping this dynamic sector.

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🔟 1. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: C5 Aliphatic, C9 Aromatic, and Hydrogenated Hydrocarbon Resins

Eastman is a global leader in specialty materials with a strong hydrocarbon resins portfolio. Their Piccotac™ and Regalite™ resin series are widely used in adhesives, sealants, and rubber compounding applications worldwide.

Innovation Focus:

• Development of low-color hydrocarbon resins
• Investment in sustainable production processes
• Strategic R&D partnerships with adhesive manufacturers

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9️⃣ 2. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Escorez™ Series (C5, C9, and Hydrogenated Resins)

ExxonMobil Chemical is a major producer of hydrocarbon resins with global manufacturing capabilities. Their Escorez brand is recognized for consistent quality in numerous industrial applications.

Innovation Focus:

• Expansion of hydrogenated resin production capacity
• Development of tailored solutions for hot-melt adhesives

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8️⃣ 3. KOLON Industries

Headquarters: Seoul, South Korea
Key Offering: C9 Petroleum Resins, Hydrogenated Hydrocarbon Resins

KOLON Industries is a leading Asian producer with advanced hydrocarbon resin technology. The company serves both domestic and international markets with specialty resin solutions.

Innovation Focus:

• Development of environmentally friendly resin products
• Expansion in emerging Asian markets

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7️⃣ 4. Neville Chemical Company

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: NORSOLENE® and NEVTAC® Resin Series

With nearly a century of experience, Neville Chemical is a specialist in hydrocarbon resins, offering both aromatic and modified resins for various industrial applications.

Innovation Focus:

• Custom formulation capabilities
• Specialization in high-performance applications

Download FREE Sample Report: Global Hydrocarbon Resins Market – View in Detailed Research Report

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6️⃣ 5. RÜTGERS Group

Headquarters: Castrop-Rauxel, Germany
Key Offering: NOVARES® Hydrocarbon Resins

RÜTGERS is a European leader in hydrocarbon resins, particularly strong in road marking and rubber applications. The company focuses on high-quality aromatic resins.

Innovation Focus:

• Sustainability initiatives in resin production
• Development of specialized formulations for road applications

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5️⃣ 6. Cray Valley

Headquarters: Exton, Pennsylvania, USA
Key Offering: C5, C9, and C5/C9 Resins

Cray Valley, a TotalEnergies subsidiary, is a major global player in hydrocarbon resins with production facilities across North America and Europe.

Innovation Focus:

• Development of low-VOC formulations
• Expansion of hydrogenated resin offerings

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4️⃣ 7. Arakawa Chemical Industries

Headquarters: Osaka, Japan
Key Offering: Alkon®, Arkon® Hydrogenated Resins

Arakawa Chemical is a leading Asian producer specializing in high-value hydrogenated hydrocarbon resins for sensitive applications.

Innovation Focus:

• Premium quality hydrogenated resins
• Specialization in electronics and high-end adhesives

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3️⃣ 8. ZEON Corporation

Headquarters: Tokyo, Japan
Key Offering: Quintone® Hydrocarbon Resins

ZEON brings advanced polymer chemistry expertise to the hydrocarbon resins market, with particular strength in hydrogenated resin technology.

Innovation Focus:

• Research in resin-polymer compatibility
• Development of high-performance adhesive formulations

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2️⃣ 9. Qingdao Eastsun New Materials Corporation

Headquarters: Qingdao, China
Key Offering: C5, C9, and C5/C9 Hydrocarbon Resins

As one of China’s leading producers, Qingdao Eastsun serves both domestic and export markets with a comprehensive resin portfolio.

Innovation Focus:

• Capacity expansion to meet growing regional demand
• Development of cost-effective resin solutions

Read Full Report: Global Hydrocarbon Resins Market – View in Detailed Research Report

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1️⃣ 10. LESCOCHEM

Headquarters: Varennes, Canada
Key Offering: Aliphatic, Aromatic, and Modified Hydrocarbon Resins

LESCOCHEM is a North American leader in hydrocarbon resins with a strong position in the adhesive and rubber industries.

Innovation Focus:

• Custom formulation services
• Specialization in pressure-sensitive adhesive applications

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🌍 Market Outlook: Innovation and Sustainability Driving Growth

The hydrocarbon resins industry is undergoing significant transformation, with key players focusing on developing environmentally friendly products while meeting evolving performance requirements across applications.

📈 Key Market Trends:

• Increasing demand for hydrogenated and modified resin varieties
• Growth in adhesive and sealant applications driving market expansion
• Rising emphasis on sustainable raw material sourcing
• Technological advancements in resin modification and compounding

Read Full Report: Global Hydrocarbon Resins Market – View in Detailed Research Report

The companies profiled above are at the forefront of delivering innovative resin solutions that meet the changing needs of modern industries while addressing environmental concerns.