The global gum rosin market is projected to attain a value of USD 1,106.3 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6% during the assessment period, reaching approximately USD 1,987 million by 2034. This growth is driven by increasing demand across various industries, including adhesives, printing inks, and rubber, where gum rosin’s versatile properties as a natural resin are highly valued. As industries continue to seek sustainable and natural raw materials, the market for gum rosin is likely to witness robust expansion over the next decade.
Gum rosin is a kind of solid resin made from pine chemicals that are sourced from pine trees and various other plants. Also known as colophony, gum rosin is made by heating the fresh liquid resin to vaporize the volatile liquid terpene compounds. It is composed of a mixture of pimaric-type and abietic-type acids with a low amount of neutral compounds. Gum rosin Color’s ranging from yellow to black and has a semi-transparent appearance.
The market for gum rosin is positively influenced by the increasing application of the product in adhesives. An upsurge in preference for natural additives across various industry verticals. Gum rosin also finds application in the automotive and construction sectors as it is used in the paints and coatings used in these industries. Other applications of gum rosin include its usage as a glazing agent in chewing gum and medicines, as a dispersant and as emulsification in the synthetic rubber industry will spur the demand for gum rosin in the global market. Again, the high friction-enhancing properties of gum rosin will further swell up the demand for gum rosin in the upcoming years.
Gum rosin contains excellent physical and chemical properties which promote its usage in the manufacturing of adhesives, printing inks, paper sizing agents, solders and fluxes, surface coatings, insulating materials, synthetic rubber, chewing gums, and soaps and detergents. Gum rosin can also be used on bows of violins and other string instruments, dancing shoes, floors, and stages to prevent slipping. All of these considerations, along with others, propel the gum rosin market forward in the international space.
Key Takeaways:
- China dominates the global gum rosin market, primarily due to its strong export capacity and ability to maintain lower-than-average prices.
- The gum rosin market in United States will register a CAGR of 5.4% and create an absolute dollar opportunity by 2034.
- By product type, the WW-type segment will account for 31.5% of the market share in 2024 due to its extensive usage in paper sizing for maintaining textures and colors.
- In terms of application, the adhesive segment will continue to dominate the market and is projected to hold a leading value share of 30.2% in 2024.
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Leading Gum Rosin Market Players
- Forestar Chemical Co., Ltd
- Wuzhou Sun Shine Forestry & Chemicals Co., Ltd
- Megara Resins
- Wuzhou Pine Chemicals Ltd
- Merck Group
- Resin Chemicals Co., Ltd
- Midhills
- Eastman Chemical
- Guilin Songquan Forest Chemical Co., Ltd
- Punjab Rosin and Chemicals Works
Key Segments of Market Report
By Product Type:
In terms of product type, the industry is segregated into WW-type, WG-type, N-type, X-type, and others.
By Application:
Paper, paints and coatings, soap, printing ink, adhesives, and rubber are a few key applications.
By Region:
The industry is spread across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and the Middle East and Africa.
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