Hydrogenated Petroleum Resin Market Insights Video
According to Cognitive Market Research, the global Hydrogenated Petroleum Resin market size was USD 1625.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.
North America held the major market share for 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.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 487.56 million.
Asia Pacific held a 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.
Latin America had a market share of more than 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.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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.
The 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
