The Global Hydrogenation Petroleum Resins Market was valued at USD 1.68 Billion in 2024 and is projected to reach USD 2.34 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period (2025–2032). This growth is being driven by increasing demand from the adhesive and packaging industries, stringent environmental regulations favoring low-VOC materials, and technological advancements in resin modification processes.

As industries worldwide shift toward more sustainable and high-performance materials, the spotlight is on the key manufacturers who are driving innovation, quality, and cleaner production pathways. In this blog, we profile the Top 10 Companies in the Hydrogenation Petroleum Resins Industry—a mix of global chemical giants, specialized producers, and regional leaders shaping the future of adhesive and coating formulations.

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🔟 1. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Escorez 5600 Series, Hydrogenated C5 and C9 Resins

ExxonMobil is a dominant force in the hydrogenation petroleum resins market, leveraging its integrated petrochemical operations to produce high-purity, thermally stable resins. Their products are critical components in hot-melt adhesives, pressure-sensitive adhesives, and sealants for the packaging, automotive, and construction industries.

Strategic Initiatives:

• Investment in advanced hydrogenation technology for superior color and stability

• Strategic partnerships with major adhesive manufacturers like H.B. Fuller

• Focus on expanding production capacity in Asia-Pacific to meet growing demand

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9️⃣ 2. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Regalite™ and Regalrez™ Hydrogenated Hydrocarbon Resins

Eastman is renowned for its high-performance hydrogenated hydrocarbon resins, which offer excellent compatibility, light color, and low odor. The company serves demanding applications in labels, tapes, nonwovens, and hygiene products, with a strong focus on innovation and sustainability.

Strategic Initiatives:

• Recent $150 million facility expansion in Malaysia to boost global supply

• Development of specialty grades for sustainable packaging solutions

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8️⃣ 3. Kolon Industries, Inc.

Headquarters: Seoul, South Korea
Key Offering: Hikorez® Series Hydrogenated Petroleum Resins

Kolon Industries is a leading Asian producer of hydrogenated petroleum resins, with a strong market presence in electronics, automotive, and high-performance adhesives. The company’s Hikorez products are known for their excellent heat resistance and adhesion properties.

Strategic Initiatives:

• Continuous R&D for applications in EV batteries and electronic components

• Expansion of sales networks across Europe and North America

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7️⃣ 4. Formosan Union Chemical Corporation

Headquarters: Taipei, Taiwan
Key Offering: FUCO® Hydrogenated C5 and C9 Resins

Formosan Union is a key player in the Asian market, specializing in hydrogenated aliphatic (C5) and aromatic (C9) petroleum resins. The company’s products are widely used in adhesives, coatings, rubber compounding, and ink applications.

Strategic Initiatives:

• Focus on developing environmentally friendly resin variants

• Strategic positioning to serve the growing Southeast Asian market

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Hydrogenation Petroleum Resins Market – View in Detailed Research Report

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6️⃣ 5. Arakawa Chemical Industries, Ltd.

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

Arakawa Chemical is a Japanese specialty chemical company with a strong focus on high-quality hydrogenated hydrocarbon resins. Their Arkon series is particularly valued in sensitive applications like food packaging and medical devices due to its purity and performance.

Strategic Initiatives:

• Specialization in high-value applications with strict regulatory requirements

• Investment in R&D for next-generation resin technologies

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5️⃣ 6. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: I-MARV S Series Hydrogenated Petroleum Resins

Idemitsu Kosan, primarily known as an energy company, has a significant presence in the hydrogenation petroleum resins market through its chemical division. The company produces hydrogenated petroleum resins that serve the adhesive, rubber, and coating industries.

Strategic Initiatives:

• Leveraging integrated refinery operations for feedstock advantage

• Focus on developing products for the automotive and electronics sectors

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4️⃣ 7. China Petroleum Lanzhou Chemical Co.

Headquarters: Lanzhou, Gansu, China
Key Offering: C5 and C9 Hydrogenated Petroleum Resins

As part of the China National Petroleum Corporation (CNPC), this company is a major producer of hydrogenation petroleum resins in China. It serves domestic and international markets with a wide range of resin products for various industrial applications.

Strategic Initiatives:

• Expansion of production capacity to meet growing domestic demand

• Government-backed initiatives for technological advancement

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3️⃣ 8. Zhejiang Henghe Petrochemical Co., Ltd.

Headquarters: Zhejiang, China
Key Offering: Hydrogenated C5, C9, and DCPD Resins

Zhejiang Henghe is one of China’s leading petroleum resin manufacturers, with significant production capacity and growing export business. The company offers a comprehensive portfolio of hydrogenated resins for adhesives, coatings, and rubber applications.

Strategic Initiatives:

• Cost-competitive manufacturing leveraging local feedstock advantages

• Increasing focus on quality improvement for international markets

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2️⃣ 9. Heyun Group

Headquarters: Shandong, China
Key Offering: Hydrogenated Petroleum Resins for Adhesives and Coatings

Heyun Group has established itself as a significant player in the Chinese hydrogenation petroleum resins market, with growing recognition in international markets. The company focuses on product quality and customer-specific solutions.

Strategic Initiatives:

• Strategic joint ventures with European distributors for market expansion

• Investment in R&D for specialized application development

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1️⃣ 10. Puyang Shenghong Chemical Co., Ltd.

Headquarters: Puyang, Henan, China
Key Offering: Hydrogenated C9 Petroleum Resins

Puyang Shenghong Chemical specializes in hydrogenated aromatic (C9) petroleum resins, serving primarily the domestic Chinese market with growing export activities. The company focuses on cost-effective solutions for various industrial applications.

Strategic Initiatives:

• Expansion of production facilities to increase market share

• Focus on serving the packaging and construction sectors

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Hydrogenation Petroleum Resins Market – View in Detailed Research Report

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🌍 Outlook: The Future of Hydrogenation Petroleum Resins Is Sustainable and High-Performance

The hydrogenation petroleum resins market is undergoing a significant transformation. While traditional applications continue to drive volume, the industry is increasingly focused on sustainable formulations, specialized high-performance grades, and innovative production technologies.

📈 Key Trends Shaping the Market:

• Rapid adoption in sustainable packaging and electric vehicle components

• Regulatory push for low-VOC and environmentally compliant formulations

• Technological advancements in hydrogenation processes for superior product quality

• Strategic collaborations between resin producers and end-users for customized solutions

Get Full Report Here:
Hydrogenation Petroleum Resins Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for countless industrial applications—they’re driving the innovation and sustainability that will define the future of advanced materials.