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Petroleum resins are macromolecular substances obtained from the catalytic polymerization of C5 and C9 feedstocks. Petroleum resins are extensively used in applications such as building & construction, paints & coatings, packaging, personal hygiene, and other specialty applications owing to their excellent adhesion, tackiness, and binding properties. Petroleum resins provide attributes such as wide operating temperature range, high thermal stability, excellent dielectric properties, and outstanding resistance to moisture. The global Petroleum Resins Market is estimated to be valued at Us$ 3697.05 Mn in 2023 and is expected to exhibit a CAGR Of 21% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
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