Increasing demand for petroleum resins containing low volatile organic compounds (VOCs) as a result of stringent government regulations on VOC emissions, such as Directive 1999/13/EC for VOC emissions from vehicle coatings and others, is fueling the growth of the Petroleum Resins Market. The volatility of raw material prices is one of the major factors limiting the growth of the global petroleum resins market.
In 2016, aliphatic C5 resins held the largest market share. This is due to the benefits of aliphatic C5 resins, such as improved glutinosity, anti-aging properties, fluidity, low volatility, and reduced odour. Petroleum Resins Market are used in hot-melt adhesives, pressure sensitive adhesives, solvent-based adhesives, rubber damping components, tyre inner tubes, and other applications.
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