Global Petroleum Resin Market: Promoting Innovation and Expected to Reach 5.4 Billion USD by 2031
The global petroleum resin market is witnessing a dynamic surge, driving innovation and transforming industries. According to recent market reports, the global petroleum resin market reported revenues of approximately \$2.77 billion in 2022 and is projected to reach an estimated \$5.4 billion by 2031. This remarkable growth trajectory is driven by a robust annual compound growth rate. A growth rate of 7.7% (CAGR) is expected during the forecast period from 2023 to 2031. Petroleum resins derived from cracked petroleum fractions are low molecular weight thermoplastic hydrocarbon resins known for their calming effects and slightly moist characteristics. These versatile resins are applied across a wide range of industries, including paints, coatings, printing inks, varnishes, lithographic inks, paper, adhesives, concrete hardeners, and rubber. Petroleum resins are available in various forms, including crushed nuggets, powders, solid blocks, flakes, solutions, beads, and dispersions. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Overview of Segmentation The global petroleum resin market is classified based on resin, Indian user industries, applications, and regions. By Resin C5 Resins C9 Resins Hydrogenated Hydrocarbon Resins C5/C9 Resins Dicyclopentadiene (DCPD) Resins By Indian User Construction and Building Tire Industry Personal Hygiene Automotive Others By Application Adhesives and Sealants Printing Inks Paints and Coatings Rubber Compounds Others Key Companies: Neville Chemical Company Henan Anglxxon Chemical Co Ltd RuiSen ReSin Co Ltd Exxon Mobil Corporation Kolon Industries Inc Lesco Chemical Limited Innova (Tianjin) Chemical Co Ltd Puyang Tiancheng Chemical Co Ltd Arakawa Chemical Industries Ltd Synthomer
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