Petroleum Resins are low-density materials which are manufactured by polymerization of alkenes, alkynes and aromatic compounds obtained from the distillation of heavy hydrocarbon feedstock. These resins are capable of producing tackifying effect which makes them applicable in various applications such as adhesives, Paints & coatings and printing inks. Excellent thermal stability, softening point and heat resistance are the major trends and factors promoting the market confidently. Owing to these factors, they are used in various end-use industries such as construction, automotive, packaging, personal hygiene, and others.
As per our analysis, the Global Petroleum Resins Market is bifurcated into resin type, application and end-use. The market by resin type is further divided into C5, C9, hydrogenated hydrocarbon, and C5/C9. Among these, the C5 resin segment holds a major portion of the market on account of its growing use in construction, automotive, personal hygiene, and others.