Global Hydrogenated Petroleum Resin
Market Report
2025
The global Hydrogenated Petroleum Resin market size will be USD 1625.2 million in 2024. Increasing demand for adhesives and sealants in the packaging and automotive industries is expected to boost sales to USD 2286.81 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size will be USD 1625.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 1625.2 Million | 121212 | 121212 | 121212 | 5% |
North America Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 650.08 Million | 121212 | 121212 | 121212 | 3.2% |
Canada Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 78.01 Million | 121212 | 121212 | 121212 | 4% |
United States Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 512.91 Million | 121212 | 121212 | 121212 | 3% |
Mexico Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 59.16 Million | 121212 | 121212 | 121212 | 3.7% |
Europe Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 487.56 Million | 121212 | 121212 | 121212 | 3.5% |
Germany Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 96.54 Million | 121212 | 121212 | 121212 | 3.7% |
France Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 44.86 Million | 121212 | 121212 | 121212 | 2.7% |
Spain Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 39.98 Million | 121212 | 121212 | 121212 | 2.6% |
United Kingdom Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 81.91 Million | 121212 | 121212 | 121212 | 4.3% |
Russia Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 75.57 Million | 121212 | 121212 | 121212 | 2.5% |
Italy Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 41.93 Million | 121212 | 121212 | 121212 | 2.9% |
Rest of Europe Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 75.57 Million | 121212 | 121212 | 121212 | 2.2% |
Asia Pacific Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 373.8 Million | 121212 | 121212 | 121212 | 7% |
Japan Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 51.58 Million | 121212 | 121212 | 121212 | 5.5% |
China Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 168.21 Million | 121212 | 121212 | 121212 | 6.5% |
Australia Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 19.44 Million | 121212 | 121212 | 121212 | 6.7% |
India Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 44.86 Million | 121212 | 121212 | 121212 | 8.8% |
Korea Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 37.38 Million | 121212 | 121212 | 121212 | 6.1% |
Rest of APAC Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 26.54 Million | 121212 | 121212 | 121212 | 6.8% |
South America Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 81.26 Million | 121212 | 121212 | 121212 | 4.4% |
Colombia Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 7.23 Million | 121212 | 121212 | 121212 | 4.2% |
Argentina Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 13.65 Million | 121212 | 121212 | 121212 | 5.3% |
Brazil Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 34.78 Million | 121212 | 121212 | 121212 | 5% |
Chile Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 5.85 Million | 121212 | 121212 | 121212 | 4.7% |
Peru Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 6.66 Million | 121212 | 121212 | 121212 | 4.6% |
Rest of South America Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 13.08 Million | 121212 | 121212 | 121212 | 3.5% |
Middle East and Africa Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 32.5 Million | 121212 | 121212 | 121212 | 4.7% |
Nigeria Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 3.41 Million | 121212 | 121212 | 121212 | 3.8% |
GCC Countries Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 13.91 Million | 121212 | 121212 | 121212 | 5.5% |
Turkey Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 2.8 Million | 121212 | 121212 | 121212 | 4.2% |
South Africa Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 5.14 Million | 121212 | 121212 | 121212 | 5.7% |
Egypt Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 3.41 Million | 121212 | 121212 | 121212 | 5% |
Rest of MEA Hydrogenated Petroleum Resin Market Sales Revenue | 121212 | $ 3.84 Million | 121212 | 121212 | 121212 | 3.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Trends:
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Hydrogenated Petroleum Resin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hydrogenated petroleum resins are synthetic resins derived from the hydrogenation of petroleum-based feedstocks. These resins are known for their exceptional thermal stability, adhesive properties, and resistance to oxidation and UV degradation. The Hydrogenated Petroleum Resin Market has experienced robust growth, driven by increasing demand across multiple industries. The expansion of the automotive sector and the rise in packaging requirements have significantly boosted the consumption of these resins, as they provide superior adhesive and sealing performance.
In December 2021, Ford has disclosed that the company is now using 100-percent recycled ocean plastics to develop a Bronco Sport compact SUV component. Ford alleges to be the first automaker to use 100-percent recycled ocean plastics to manufacture auto parts. (Source https://media.ford.com/content/fordmedia/fna/us/en/news/2021/12/08/ford-bronco-sport-recycled-ocean-plastic.html)
One of the primary drivers of the Hydrogenated Petroleum Resin Market is the increasing demand for high-performance adhesives and sealants, particularly in the packaging and automotive industries. Hydrogenated petroleum resins offer superior adhesion, stability, and color retention, making them ideal for hot melt adhesives used in packaging materials and vehicle assembly. The growing trend towards lightweight vehicles and eco-friendly packaging further boosts the demand for these resins, as manufacturers seek materials that provide both durability and environmental compliance. As industries prioritize performance and sustainability, the market for hydrogenated petroleum resins is expected to witness steady growth. For instance, January 2022, ExxonMobil established its Product Solutions business, merging its formerly independent Downstream and Chemical divisions into a one organization
Another key driver is the expanding application of hydrogenated petroleum resins in paints, coatings, and printing inks. These resins provide excellent gloss, adhesion, and chemical resistance, which are crucial for improving the durability and aesthetic quality of finished products. In particular, industries such as construction and consumer goods are increasingly adopting coatings and inks formulated with hydrogenated petroleum resins for their superior weather resistance and color stability. As manufacturers in these sectors prioritize product longevity and visual appeal, the market for these specialized resins is poised for further expansion.
A significant restraint for the Hydrogenated Petroleum Resin Market is the volatility in raw material prices, particularly petroleum-based feedstocks. Since hydrogenated petroleum resins are derived from petrochemical by-products, fluctuations in crude oil prices directly impact production costs. This price volatility can disrupt supply chains and reduce profitability for manufacturers, especially during periods of rising oil prices. Additionally, unpredictable raw material costs make it challenging for manufacturers to maintain consistent pricing for end products, potentially deterring buyers in price-sensitive industries such as packaging and adhesives. This market restraint remains a critical challenge for industry players.
The COVID-19 pandemic significantly impacted the Hydrogenated Petroleum Resin Market by disrupting global supply chains and causing fluctuations in demand across various industries. During the pandemic, many manufacturing sectors, including automotive and packaging, faced temporary shutdowns or reduced operations, leading to decreased consumption of hydrogenated petroleum resins. Additionally, supply chain interruptions affected the availability of raw materials, exacerbating production delays and cost increases. As industries adapt to new operational norms and recover from the pandemic’s economic effects, the market is expected to gradually stabilize, with a renewed focus on resilient supply chains and sustainable practices driving future growth.
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The Hydrogenated Petroleum Resin Market is characterized by intense competition among key players, who are focusing on product innovation, capacity expansion, and strategic partnerships to strengthen their market presence. Major companies such as ExxonMobil Corporation, Eastman Chemical Company, and Kolon Industries dominate the market with their extensive product portfolios and established supply chains.
In March 2022, Eastman Chemical Company officially concluded the sale of its adhesives resins business, including hydrocarbon resins such as Eastman Impera tire resins, pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines. (Source: https://www.eastman.com/en/media-center/news-stories/2022/sale-adhesives-resins-business-completion) In December 2021, ExxonMobil Corporation completed the acquisition of Materia, Inc., a U.S.-based technology company renowned for its pioneering work in the development of a Nobel Prize-winning technology capable of manufacturing a novel class of materials. (Source: https://corporate.exxonmobil.com/news/news-releases/2021/1207_exxonmobil-acquires-materia-inc-a-high-performance-structural-polymers-company)
Top Companies Market Share in Hydrogenated Petroleum Resin Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Hydrogenated Petroleum Resin Market due to its robust industrial base and strong demand from key sectors such as adhesives, coatings, and rubber compounding. The region's advanced manufacturing infrastructure, coupled with extensive research and development activities, drives innovation in resin applications.
Asia-Pacific is the fastest-growing region in the Hydrogenated Petroleum Resin Market due to rapid industrialization, urbanization, and expanding manufacturing sectors in countries like China, India, and Japan. The region's increasing demand for adhesives, coatings, and packaging materials, driven by booming construction, automotive, and consumer goods industries, fuels market growth.
The current report Scope analyzes Hydrogenated Petroleum Resin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Hydrogenated Petroleum Resin industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top North America countries for 2025,Canada (xx%), United States (xx%), Mexico (xx%)
According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size was estimated at USD 1625.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 650.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Hydrogenated Petroleum Resin industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Europe countries for 2025,Germany (xx%), France (xx%), Spain (xx%), United Kingdom (xx%), Russia (xx%), Italy (xx%), Rest of Europe (xx%)
According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size was estimated at USD 1625.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 487.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Hydrogenated Petroleum Resin industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,Japan (xx%), China (xx%), Australia (xx%), India (xx%), Korea (xx%), Rest of APAC (xx%)
According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size was estimated at USD 1625.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 373.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Hydrogenated Petroleum Resin industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top South America countries for 2025,Colombia (xx%), Argentina (xx%), Brazil (xx%), Chile (xx%), Peru (xx%), Rest of South America (xx%)
According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size was estimated at USD 1625.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 81.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Hydrogenated Petroleum Resin industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Middle East and Africa countries for 2025,Nigeria (xx%), GCC Countries (xx%), Turkey (xx%), South Africa (xx%), Egypt (xx%), Rest of MEA (xx%)
According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size was estimated at USD 1625.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 32.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..
Global Hydrogenated Petroleum Resin Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hydrogenated Petroleum Resin Industry growth. Hydrogenated Petroleum Resin market has been segmented with the help of its Type, Application , and others. Hydrogenated Petroleum Resin market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Hydrogenated C5 Petroleum Resin is the dominant category. Its wide-ranging applications in adhesives, especially hot melt adhesives for packaging and bookbinding, make it a critical choice across various industries. This resin type offers excellent compatibility with different polymers and superior tackifying properties, which has contributed to its dominant market position. Additionally, its low volatility and resistance to aging make it highly sought after in the automotive and construction sectors, ensuring steady demand.
The Hydrogenated DCPD Petroleum Resin is projected to be the fastest-growing category within the market. This growth is primarily driven by its increasing usage in high-performance applications such as paints, coatings, and printing inks, where its excellent heat stability and low color properties are highly valued. Its unique properties also make it ideal for enhancing the durability and weather resistance of products.
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According to Cognitive Market Research, the Adhesive applications dominate the market. Hydrogenated petroleum resins are widely used in hot melt adhesives due to their excellent tackifying properties, which enhance adhesion in various products such as tapes, labels, and packaging materials. The demand for adhesives in industries like construction, automotive, and packaging has contributed significantly to the resin's dominance in this segment.
In Coating applications are anticipated to be the fastest-growing category within the market. This growth is driven by the rising demand for high-performance coatings in industries like automotive, construction, and electronics. Hydrogenated petroleum resins provide excellent gloss, color retention, and weather resistance, making them ideal for high-quality coatings.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Conclusion
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Type | Hydrogenated C9 Petroleum Resin, Hydrogenated C5 Petroleum Resin, Hydrogenated DCPD Petroleum Resin, Other |
Application | Adhesive, Coating, Packaging Materials, Other |
List of Competitors | ExxonMobil (U.S.), Kolon (U.S.), Eastman (U.S.), Formosan Union (China), Arakawa (Japan), IDEMITSU (Japan), China Petroleum Lanzhou Chemical (China), Heyun Group (China), Hebei Qiming (China), Zhejiang Henghe (China), Puyang Shenghong Chemical (China) |
This chapter will help you gain GLOBAL Market Analysis of Hydrogenated Petroleum Resin. Further deep in this chapter, you will be able to review Global Hydrogenated Petroleum Resin Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Hydrogenated Petroleum Resin. Further deep in this chapter, you will be able to review North America Hydrogenated Petroleum Resin Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Hydrogenated Petroleum Resin. Further deep in this chapter, you will be able to review Europe Hydrogenated Petroleum Resin Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Hydrogenated Petroleum Resin. Further deep in this chapter, you will be able to review Asia Pacific Hydrogenated Petroleum Resin Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Hydrogenated Petroleum Resin. Further deep in this chapter, you will be able to review South America Hydrogenated Petroleum Resin Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Hydrogenated Petroleum Resin. Further deep in this chapter, you will be able to review Middle East and Africa Hydrogenated Petroleum Resin Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Hydrogenated Petroleum Resin. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hydrogenated Petroleum Resin market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hydrogenated C9 Petroleum Resin have a significant impact on Hydrogenated Petroleum Resin market? |
What are the key factors affecting the Hydrogenated C9 Petroleum Resin and Hydrogenated C5 Petroleum Resin of Hydrogenated Petroleum Resin Market? |
What is the CAGR/Growth Rate of Adhesive during the forecast period? |
By type, which segment accounted for largest share of the global Hydrogenated Petroleum Resin Market? |
Which region is expected to dominate the global Hydrogenated Petroleum Resin Market within the forecast period? |
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