Core Insights - Hydrogenated resins, known for their enhanced chemical stability, heat resistance, and reduced odor, are increasingly used in high-end adhesives, specialty coatings, and electronic packaging [1][2] - By the end of 2024, China's hydrogenated resin production capacity is expected to reach 578,000 tons per year, accounting for over 50% of global capacity, with production increasing from 220,000 tons in 2020 to 420,000 tons [1][9] - The industry is projected to grow to approximately 4.83 billion yuan in 2024 and is expected to reach 5.27 billion yuan in 2025, driven by demand from sectors like new energy vehicles [1][11] Overview of the Hydrogenated Resin Industry - Hydrogenated resins are modified resin materials produced through hydrogenation of petroleum resins, resulting in improved chemical stability and reduced reactivity [2][3] - The production process involves multiple steps, including pre-treatment, polymerization, and hydrogenation refining, typically conducted in high-pressure fixed-bed reactors [3] Current Development Status of China's Hydrogenated Resin Industry - China's hydrogenated resin industry is experiencing significant growth, with production capacity expected to reach 578,000 tons per year by the end of 2024, driven by enhanced raw material supply and downstream demand [8][9] - The production volume is anticipated to double from 220,000 tons in 2020 to 420,000 tons in 2024, with a notable increase in exports due to supply constraints in Europe [8][9] Market Size and Forecast - The market size for hydrogenated resins in China is projected to grow from approximately 4.83 billion yuan in 2024 to 5.27 billion yuan in 2025, reflecting a steady growth trend [11] Industry Chain of China's Hydrogenated Resin Industry - The industry has established a complete value chain, from upstream raw material supply to downstream applications in adhesives, coatings, and high-performance rubber products [12] Competitive Landscape of China's Hydrogenated Resin Industry - The industry is characterized by competition between international giants and domestic leaders, with companies like ExxonMobil and Eastman holding significant market shares in high-end segments [13] - Domestic companies such as Henghe Materials and Puyang Shenghong Chemical are rapidly expanding their production capacity, indicating an intensifying competitive environment [13] Development Trends in China's Hydrogenated Resin Industry - The industry is moving towards high-end, green, and globalized development, with a focus on technological innovation and the expansion of applications in new energy vehicles and other emerging markets [15][16] - The shift towards lower VOC and higher bio-based content materials is driven by stringent environmental regulations and growing demand for sustainable products [16] - The competitive landscape is expected to evolve, with leading companies consolidating their market positions through mergers, capacity integration, and strategic collaborations [17]
趋势研判！2025年中国加氢树脂行业产业链图谱、行业产能、产量、细分市场及未来发展趋势分析：绿色需求打开成长空间，DCPD树脂引领行业发展[图]
Chan Ye Xin Xi Wang·2025-11-15 02:24