Petroleum Resins Price Index
The petroleum resins market is driven by diverse applications across multiple industries, including adhesives, paints, printing inks, and rubber compounding. The primary factor behind this surge is the increasing demand for adhesives and sealants in the construction and automotive sectors where petroleum resins are favored for their superior adhesive properties, thermal stability, and chemical resistance. The rapid urbanization and industrialization in emerging economies are escalating the construction of residential and commercial buildings, subsequently boosting the demand for adhesives and coatings that incorporate petroleum resins.
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