Global Gum Rosin
Market Report
2024
Global Gum Rosin market size was valued at $1.47 Billion in 2022 and it is forecasted to reach $2.16 Billion by 2030. Gum Rosin Industry's Compound Annual Growth Rate will be 5.4% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Gum Rosin market size was valued at $1.42 Billion in 2022 and it is forecasted to reach $2.12 Billion by 2030. Gum Rosin Industry's Compound Annual Growth Rate will be 5.01% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Gum Rosin Market Sales Revenue 2022 | $ 1.47 Billion |
Global Gum Rosin Market Sales Revenue 2030 | $ 2.16 Billion |
Global Gum Rosin Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by End-Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Gum Rosin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Gum rosin, also referred to as colophony, is a naturally occurring bio-based substance that contains various rosin acids. Its appearance ranges from yellow to black, and it has a semi-transparent quality. When exposed to high temperatures, gum rosin becomes sticky and emits a pine-like fragrance. It is derived from the solid form of pine oleoresin, primarily obtained through the process of pine tapping. Colophony is a significant pine chemical produced for commercial purposes. Through chemical extraction, rosin is converted into liquid resin, and the remaining residue is obtained after the volatile components evaporate.
Increasing demand from end-use industries significantly boosts the gum rosin market growth
Gum rosin finds extensive applications in a wide range of industries such as pharmaceuticals, food & beverages, construction, and others. Gum rosin is a key ingredient in the formulation of adhesives and sealants. It provides tackiness, bonding strength, and flexibility to these products. With the growth of industries such as construction, automotive, and packaging, the demand for adhesives and sealants is rising. Consequently, the gum rosin market has witnessed increased demand as a raw material for adhesive and sealant production. The growth of these industries directly contributes to the demand for gum rosin. As these industries expand the increasing demand for gum rosin drives market growth.
Rising demand for printing inks anticipatedly drives the gum rosin market growth
Gum rosin is a crucial ingredient in the production of printing inks. The packaging industry has experienced significant growth in recent years due to factors such as e-commerce, retail expansion, and changing consumer preferences. Packaging materials require high-quality printing inks to enhance visual appeal, provide product information, and ensure brand recognition. Gum rosin is widely used as a binder and tackifier in the formulation of printing inks for packaging applications. Therefore, increasing demand for packaging materials and printed packaging products significantly boosts the demand for the gum rosin market growth.
Gum rosin is derived from pine trees, and the availability of pine trees suitable for gum rosin extraction can be limited in some regions. Factors such as deforestation, climate change, and unsustainable harvesting practices can affect the availability of pine trees and subsequently impact the supply of gum rosin. These several factors may hamper the gum rosin market growth.
There is a growing trend towards sustainability and environmental consciousness across various industries. This has led to an increased demand for bio-based materials, including gum rosin. Gum rosin, being derived from pine trees, is considered a renewable resource and a greener alternative to synthetic resins. The market is witnessing a shift towards sustainable sourcing practices and the promotion of bio-based products.
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Major players in the market have made significant investments in research and development (R&D) to enhance their manufacturing capabilities and broaden their product offerings driving the global growth in the Gum Rosin market. These market players are using both organic and inorganic strategies to strengthen and expand their presence.
Market developments include the introduction of new product portfolios, strategic partnerships, mergers and acquisitions, increased capital expenditure, higher investments, and collaborations with other organizations. For instance, In the year 2020, Borealis AG introduced a new marketing strategy for its range of gum rosin sealants and adhesives products derived from gum rosin.
Top Companies Market Share in Gum Rosin Industry: (In no particular order of Rank)
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In 2022, Asia Pacific dominated the gum rosin market, owing to being the leading global producer and consumer of gum rosin. Countries such as China, Indonesia, Vietnam, and India possess substantial production capacities for gum rosin. The region's robust demand is from diverse industries such as adhesives, coatings, printing inks, and rubber. The rapid industrialization, infrastructure development, and economic progress in China and India have played a pivotal role in fueling the market's expansion within the region.
The current report Scope analyzes Gum Rosin 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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Global Gum Rosin 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 Gum Rosin Industry growth. Gum Rosin market has been segmented with the help of its Product Type, Application End-Use Industry, and others. Gum Rosin 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.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Product Type of Gum Rosin analyzed in this report are as follows:
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Based on application, the adhesives segment dominates the market share throughout the forecast period. Adhesives play a crucial role in joining materials together effectively. They are utilized for bonding various substrates such as metals, composites, plastics, wood and wood products, glass and ceramics, and honeycomb structures. The adhesive segment is expected to maintain its market position in the foreseeable future, primarily due to the increasing demand from industries such as building & construction, automotive, graphic arts, and packaging. The robust growth of the automotive and construction sectors is a key driver stimulating the demand for adhesives based on colophony, a component derived from gum rosin.
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Senior Research Analyst at Cognitive Market Research
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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.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Gum Rosin Market is witnessing significant growth in the near future.
In 2023, the WW-Type segment accounted for noticeable share of global Gum Rosin Market and is projected to experience significant growth in the near future.
The Paper segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Chuxiong Hongbang, Punjab Rosin and Chemicals Works and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | WW-Type, WG-Type, N-Type, X-Type |
Application | Paper, Paints & Coatings, Soap, Printing Ink, Adhesives, Rubber, Others |
End-Use Industry | Food & Beverages, Construction, Pharmaceuticals, Others |
List of Competitors | Chuxiong Hongbang, Forestar Chemical, Punjab Rosin and Chemicals Works, EURO-YSER, Hualin Chemical, M/s Suraj Paint & Varnish Industries, Guangdong KOMO, Guilin Songquan Forest Chemical, Jinggu Forestry Chemical, Wuzhou Sun Shine Forestry & Chemicals Co.Ltd, Resin Chemicals, PT. Naval Overseas, Deqing Jiyuan Synthetic Resin, Pasadena Engineering Indonesia, Wuzhou Pine Chemicals, Xinhui Overseas Chinese Industry, Zhaoqing DIC. |
This chapter will help you gain GLOBAL Market Analysis of Gum Rosin. Further deep in this chapter, you will be able to review Global Gum Rosin 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
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private 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.
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.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product 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 Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-Use Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Gum Rosin market
Chapter 13 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 WW-Type have a significant impact on Gum Rosin market? |
What are the key factors affecting the WW-Type and WG-Type of Gum Rosin Market? |
What is the CAGR/Growth Rate of Paper during the forecast period? |
By type, which segment accounted for largest share of the global Gum Rosin Market? |
Which region is expected to dominate the global Gum Rosin Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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