Petroleum Resin Market - Future, Scope, Trends [2028]
Global Petroleum Resin Market has valued at USD3.18 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.86% through 2028. The large-scale use of these products, owing to their various advantages including excellent thermal stability, peeling strength, tackability, heat-resistance, and a high softening point, is expected to significantly augment the industry growth over the forecast period. With the rising demand for petroleum resins in various applications such as contact adhesives, footwear and leather, hot melt adhesives, rubber and plastic modification, and wax modification, the industry growth is set to experience a substantial boost. Furthermore, the increasing use of these products in the paints and coatings industry, thanks to their ability to offer high gloss, is expected to further fuel the demand over the forecast period. The good compatibility of these resins with various products, including EVA, SBS, SIS, a...