Petroleum Resin Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis
Market Highlights The Global Petroleum Resin Market Revenue was valued at USD 2,956.0 Million in 2018 and is projected to reach USD 4,626.7 Million by the end of 2028, at a CAGR of 6.65% during the forecast period. The petroleum resins are derived from the by-product of naphtha cracker, a pyrolysis gas, which contains C5 to C9 hydrocarbons stream, that are further distilled to get separate C5 fraction and C9 fractions, and then polymerized to produce petroleum resin. Segmental Analysis According to MRFR analysis, the global Petroleum Resin Market Revenue has been segmented based on type, form, application, end-use industry, and region. By type, the Global Petroleum Resins Market has been segmented into C5 resins, C9 resins, dicyclopentadiene (DCPD), hydrogenated petroleum resins, and C5/C9 resins. The C5 resin segment dominated the global market with the largest share of 35.59% in 2021 and is expected to grow at the fastest rate during the forecast period. This is largely