[166 Pages Report] The global petroleum resin market is estimated to reach USD 2.58 Billion by 2021, at a CAGR of 7.7%. The market is segmented by application, such as adhesives & sealants, printing inks, paints & coatings, rubber compounding, tapes & labels, and others applications; by type that includes C5 petroleum resins, C9 petroleum resins, hydrogenated hydrocarbon resins, and C5/C9 petroleum resins; by end-use industry such as building & construction, tire industry, personal hygiene, consumer goods, automotive, and others; by region, namely, North America, Middle East & Africa, Latin America, Asia-Pacific, and Europe.

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Petroleum resins are manufactured from various fractions of naphtha such as C5, C9, and DCPD. The raw materials available in the market are supplied by major companies such as BASF SE (Germany) and The DOW Chemical Company (U.S.) to the petroleum resins manufacturers such as Eastman Chemical Company (U.S.), ExxonMobil Corporation (U.S.), Total CrayValley (U.S.), and Kolon Industries (South Korea).

On the basis of Type:

C5 Resins
C9 Resins
Hydrogenated Hydrocarbon Resins
C5/C9 Resins
On the basis of Application:

Adhesives & Sealants
Printing Inks
Paints & Coatings
Rubber Compounding
Tapes & Labels
Others
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C5 petroleum resins: The largest type segment of petroleum resin market

Petroleum resins are categorized into four major types by such as C5 petroleum resins, C9 petroleum resins, hydrogenated hydrocarbon resins, and C5/C9 petroleum resins. These are the widely used types of petroleum resins. In 2015, C5 petroleum resins accounted for the largest market share in terms of both value and volume due to easy availability and cost-effective nature.

Adhesives & sealants: The largest application segment of petroleum resin market

Petroleum resins are used in adhesives & sealants, printing inks, paints & coatings, rubber compounding, tapes & labels, and other applications. These are the main applications considered in the report. In 2015, the adhesives & sealants application segment accounted for the largest market share as compared to other applications, in terms of value and volume, due to its increasing usage in building & construction and book binding end-use industries.

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