Blogforpr

  Petroleum resin, a byproduct of crude oil processing, has emerged as a versatile and indispensable material in various industries. With its unique properties and extensive applications, the  Middle East and North Africa petroleum resin market  has experienced significant growth and continues to evolve. This article explores the key drivers, applications, and future prospects of this dynamic market. The petroleum resin market in the market is expected to grow at a high CAGR of 6.65% by the end of the forecasted period to reach a market value of USD 4,626.7 million during the forecasted period from 2017 to 2025. Overview and Growth Drivers : Petroleum resin, also known as Polyurethane Dispersion resin, is derived from the polymerization of petroleum feedstock. Its widespread usage can be attributed to its excellent adhesive, thermal, and chemical properties. The demand for petroleum resin has witnessed steady growth over the years due to multiple ...