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The global petroleum resins market is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025

Further key findings from the report suggest:
● Hydrogenated petroleum resins is expected to register high volume gains at a CAGR of 6.3% from 2017 to 2025. The rising consumption of the products in EVA/ APAO-based hot melt adhesives and pressure sensitive adhesives as they offer good heat stability, water resistance and compatibility is expected to drive the industry growth.
● The printing ink segment was valued at USD 214.9 million in 2016 and is anticipated to witness high gains on account of the rising usage in commercial printing, publications, packaging, and corrugated cardboards applications
● Europe accounted for 23.4% of the overall volume share in 2016 and is anticipated to witness steady growth due to the presence of major automotive manufacturers including Audi, BMW, Mercedes Benz, Jaguar, Aston Martin, Volkswagen, Volvo, Fiat, Ferrari, Lamborghini, and Porsche
● The global petroleum resins market showcases immense competition with the presence of various large and small-scale participants in Japan, the U.S., and China. Key players include Eastman Chemical Company; ExxonMobil; Zeon Chemicals; Kolon ETC.