The petroleum resin market is driven by the rising demand from end-use industries such as personal hygiene, tire, automotive, construction and others. It is estimated that the Middle East, Africa and Latin America will grow strongly in the next five years. The rising personal hygiene market in Saudi Arabia, Brazil, and Nigeria enhances the demand in these regions. Asia-Pacific is the largest market of petroleum resins Currently, Asia-Pacific is the largest petroleum resin market, while China is the largest consumer in this region. The favorable forces that drive the petroleum resin market in Asia-Pacific include major petroleum resin manufacturers in this region, growing commercial & industrial construction in this region, and increasing investment in automotive industry. C5 petroleum resin is the largest type segment of petroleum resin market Petroleum resins are mainly segmented into four types, including C5 petroleum resins, C9 petroleum resins, hydrogenated hydrocarbon resins, and C5/C9 petroleum resins. In terms of both volume and value, C5 petroleum resins occupied the largest market share in 2015 owing to easy availability and cost-effectiveness. Adhesives & sealants is the largest application segment of petroleum resin market Petroleum resins are utilized in applications such as adhesives & sealants, printing inks, paints & coatings, rubber compounding, tapes & labels, and others. Compared with other applications, the adhesives & sealants application segment occupied the largest market share in terms of both volume and value owing to its increasing usage in construction and book binding end-use industries.