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The global gum rosin market is projected to experience a steady growth rate, with an average compound annual growth rate (CAGR) of 4.7% from 2023 to 2033. By 2033, the market is anticipated to reach a valuation of USD 2,460.2 million, up from an estimated USD 1,554.2 million in 2023. This growth is driven by increasing demand across various industries such as adhesives, inks, and rubber, alongside rising applications in the production of paints and coatings. The expanding use of gum rosin in diverse end-use sectors, combined with its natural origin and versatility, positions it as a crucial component in the global market landscape over the next decade.

Historically, the gum rosin market recorded a sluggish CAGR of 3.6% and reached a value of USD 1,483.7 million in 2022. Increasing usage of gum rosin in paints, coatings, adhesives, paper, and inks will augur well for the gum rosin market as these products are undergoing a spike in demand.

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.

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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:

• Availability of substitutes may hamper the growth prospects for the gum rosin market.
• Expansion of the adhesives and paints sector will open avenues of growth for the target market.
• The gum rosin market in China will register a CAGR of 5.3% and create an absolute dollar opportunity of US$ 648.0 million by 2033.
• Surging residential and commercial infrastructure projects will bolster the gum rosin market in India to grow at a CAGR of 5.7% during the assessment period.
• By product type, the WW-type segment will account for 38% of the market share in 2023 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.

Competitive Landscape 

1. Naval Overseas, Punjab Rosin and Chemicals Works, and Forestar Chemical Co., Ltd., among others, are a few of the key players in the gum rosin market profiled in the full version of the report.

In a highly fragmented environment, prominent market players are concentrating on the acquisition of smaller firms. The development of novel and sustainable products, and increasing research efforts to adopt new technologies for eco-friendlier manufacturing of gum rosin are some of the other strategies adopted by these businesses.

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Gum Rosin Segmentation

By Product Type:

• WW-Type
• WG-Type
• N-Type
• X-Type
• Others

By Application:

• Paper
• Paints & Coatings
• Soap
• Printing Ink
• Adhesives
• Rubber
• Others

By Region:

• North America
• Latin America
• East Asia
• South Asia and the Pacific
• Europe
• Middle East and Africa

More Insights into Gum Rosin Market 

FMI offers the latest, unbiased, and detailed analysis of the global gum rosin market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, application, and region.

According to the reports, based on segmentation, the WW-type of gum rosin will remain popular in the global market due to its rising usage in paper sizing. Based on application, the adhesive category will continue to dominate the market with a share of 28%. Rising demand for adhesives from the automotive sector will push the segment to expand at a CAGR of 5.9% between 2023 and 2033.

Based on region, the gum rosin market in India will exhibit impressive growth during this period. The target market in this country will grow at a CAGR of 5.7%. Factors like the elevated application of gum rosin in adhesives and its consequent usage in residential and commercial infrastructure projects will foster the growth of the market in India. Besides India, China too will present notable growth in the gum rosin market. Thus, India and China will significantly contribute to the growth of the gum rosin market during the projection period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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The global polyurea coatings industry is poised for significant growth, projecting an impressive 9.3% Compound Annual Growth Rate (CAGR) from 2023 to 2033. Starting at a valuation of USD 902.9 million in 2023, the market is anticipated to reach USD 2,204.6 million by 2033, presenting a substantial absolute dollar opportunity. Historical analysis by Future Market Insights reveals a robust CAGR of 7.6% up to 2022, where the market value reached approximately USD 823.9 million. This upward trajectory underscores the rising demand for polyurea coatings in the coming decade.

Polyurea is known as a synthetic polymer, commonly derived from the reaction between a diamine and a di-isocyanate. The usage of polyurea-based coatings is common across a variety of industries such as automotive & transportation, and building & construction. Over the upcoming years, sales of hybrid polyurea products should dominate the market. This is due to the fact that hybrid polyurea offers several advantages over pure variants including effective adhesion to metallic and concentrate surfaces. Abrasion resistance and affordability. Moreover, pure polyurea sales are likely to continue for applications where temperature and moisture resistance are necessary.

Developing economies are anticipated to have a significant contribution to market expansion. Across these economies, there is a propelling need for protecting equipment, machine parts, and infrastructural investments. Car parking lots, offshore structures, bridges, rooftop coatings, and containment liners are examples of applications where polyurea coatings play important roles. Over recent years, industrial activities are on the rise, resulting in the surge of the global economy. This should work in favor of polyurea coatings companies and provide lucrative opportunities in the future.

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Report Highlights

The surging population and increasing building and construction activities combined together with strong industrial expansion are anticipated to drive significant growth in the market. Furthermore, crucial developing countries have showcased excellent economic development potential, owing predominantly to increased urbanization and strong demand from the automobile and food and beverage industries. During the next decade, the leading end-use sectors will account for more than 70% of absolute growth.

According to a regional perspective, the East Asian region is anticipated to account for a significant share throughout the evaluation period from 2023 to 2033. Over recent years, environmental regulations have become more stringent in regions such as North America and Europe. Also, countries such as China are adopting such regulations pertaining to VOC emissions, owing to which, there is rising demand for eco-friendly polyuria coatings.

The application of polyurea coatings on damp surfaces is likely to result in poor surface adherence. As a result, the surface requires appropriate drying time before applying a polyurea coating. In addition to that, the cost of applying polyurea coatings is significantly greater due to the expense of spraying equipment. Handling such machinery necessitates the use of professional laborers and technicians. The challenges listed above may impede the acceleration of the market for polyurea coatings.

Competitive Landscape

The global market for polyurea coatings is expected to be fiercely competitive throughout the assessment period, owing to the presence of regional and international players. In the recent past, players have been firmly focused on launching new products. Prominent acquisitions have also facilitated the expansion of prominent names.

In April 2019, SPI, a manufacturer of polyurethane foams and polyurea customers based in the United States Washington, announced that it had merged with VersaFlex.

Key Companies Profiled

• BASF SE
• Huntsman Corporation
• Teknos Groups
• DuPont de Nemours, Inc.
• Versaflex Incorporated
• Sherwin Williams Company
• Pidilite Industries Ltd.
• Covestro AG
• PPG Industry Inc.
• Rhino Linings Corporation

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Polyurea Coatings Industry by Category

By Type:

• Pure Polyurea
• Hybrid Polyurea

By Isocynate Type:

• Aromatic
• Aliphatic

By Application:

• Building & Construction
• Industrial
• Automotive & Transportation

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

 

The global environmental test equipment market is projected to experience significant growth, with an estimated valuation of USD 1.2 billion in 2023. Over the next decade, the market is anticipated to expand at a compound annual growth rate (CAGR) of 7.2%, driven by increasing demand for testing and monitoring equipment to ensure environmental compliance and safety. By 2033, the market is expected to surpass USD 2.4 billion, reflecting the rising investments in environmental sustainability and regulatory frameworks across various industries. This robust growth underscores the critical role of environmental test equipment in supporting global environmental standards and practices.

Governments worldwide have been taking stringent measures to reduce carbon emissions. Many times, the consequences of not managing emissions fall on the shoulders of the governments. The government in Germany was sued in September 2022 for failing to regulate the discharge of harmful air pollution.

The global hospital market was valued at US$ 11 trillion in 2022. The hospital market is also meant for generating tons of waste. When items like needles, broken glass, and pathological waste are not properly disposed of, it can result in pollution of the land and water. The market participants in the hospital sector are making investments in environmental testing machinery to monitor waste production.

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A growing automobile market represents massive prospects for the sales of environmental test equipment. The automobile market reported a revenue of US$ 2.9 trillion in 2021, and with the introduction of electric vehicles, the scope might surge. The application of fuels and the usage of non-biodegradable products, like plastic might increase land and air pollution. Owing to this, automobile manufacturers are expected to make investments in environmental test equipment to develop the right prototype.

Thus, from the insights provided by FMI researchers, it can be inferred that ‘Strict environmental regulations, surging hospital and automobile market, and a lot of other factors are expected to surge the environmental test equipment market share during the forecast period.’

Key Takeaways:

• The market is expected to record a CAGR of 7.2% during the forecast period.
• In 2023, the valuation is expected to be at US$ 1.2 billion.
• By 2033, the market share is expected to reach US$ 2.4 billion.
• Based on regional insights, North America is expected to be the dominant market.
• The United States market is expected to record a CAGR of 7% during the forecast period.
• The United Kingdom market is projected to record a CAGR of 6.3% during the forecast period.
• China’s market is expected to advance at a CAGR of 6.6% during the forecast period.
• Japan market is anticipated to record a CAGR of 5.7% during the forecast period.
• South Korea market may advance at a CAGR of 5% during the forecast period.
• Based on the product, mass spectrometers are expected to hold the leading market share and are projected to register a CAGR of 6.8% during the forecast period.
• Based on application, the water quality test is projected to hold the dominant share and is expected to record a CAGR of 6.2% during the forecast period.

Competitive Landscape

The key players operating in the environmental test equipment market are expected to invest huge amounts in mergers and acquisitions. The manufacturers are expected to form strategic collaborations with players from other niches, to help them gain a broader perspective of the market. The focus also remains on hiring the right leader, as in the current times of economic turbulence, companies prefer hiring leaders who have relevant experience in maintaining and even amplifying the brand image. The key players are also expected to invest in research and development activities as this may assist them in creating the right dimensions and help with cost cutting.

Thermo Fisher Scientific, Agilent, Shimadzu Corporation, Waters Corporation, and PerkinElmer Inc. are some top key players in the environmental test equipment market

Key Developments in the Market:

• In February 2023, Thermo Fisher Scientific announced that it is planning to power all current United States sites with 100% renewable electricity.

• In January 2023, Agilent and Akoya Biosciences announce a partnership to drive multiplex tissue assay development for biopharma applications.

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Market Segmentation

By Application:

• Air Quality Test
• Soil Quality Test
• Water Quality Test (Organic Pollutants, PFAS, Solid Pollutants, Heavy Metals, Microbial, and Other Water Pollutants)

By End User:

• Government Agencies and Municipal Authorities
• Environmental Test Laboratories
• Industrial Facilities
• Commercial & Residential Facilities
• Others

By Product:

• Mass Spectrometers
• Chromatography Products
• Molecular Spectroscopy Instruments
• pH meters
• Dissolved Oxygen Analyzers
• Conductivity Sensors
• Turbidity Meters
• Other Products

By Platform:

• Conventional/Benchtop Platforms
• Portable/Mobile Platforms
• Handheld Platforms

By Region:

• North America
• Latin America
• Asia Pacific
• The Middle East and Africa
• Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global viscometer market is poised to grow significantly, with a projected compound annual growth rate (CAGR) of 6.9%, reaching a valuation of USD 587.3 million by 2031. This growth is driven by increasing applications of viscometers across diverse industries including pharmaceuticals, petroleum, and cosmetics. As these sectors demand precise viscosity measurements to ensure product quality and efficiency, the market for viscometers is expected to expand robustly over the forecast period.

Controlling and monitoring the process parameters of products prior to and post-production have become an integral process across petrochemicals, polymers & rubber, pharmaceutical, and chemicals industries. Increasing concerns regarding uniformity in the consistency of finished products such as paints and other liquids are compelling aforementioned industries to adopt new measuring equipment such as viscometer, which is in turn, driving the market.

Viscometers are increasingly gaining popularity due to their favorable characteristics, such as convenience, adaptability, and ease of use, for various end-to-end applications. In addition to this, rising demand from testing, research, and certification agencies is expected to propel the demand for viscometers. Driven by this, the sales of viscometer is projected to spur at a CAGR of 6.4% in 2021.

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As per FMI, rotational viscometers is estimated to emerge as the dominant segment, accounting for around 30% of the revenue share in the global market. The growth of the segment is attributed to the increasing adoption of these viscometers at production areas, workshop areas, and delivery areas as it helps to optimize the control time and flexibility.

“Key manufacturers are emphasizing on developing novel products with innovative features such as memorization, data tracing, and programming to make them more user-friendly. A slew of such advancements is expected to augment the sales in the coming years,” says the FMI analyst.

Key Takeaways from the Viscometer Market Study

• The U.S. is forecast to account for over 70% of the sales in North America through 2031.
• The market in Germany is projected to register fastest growth in Europe, expanding at an impressive CAGR of 10% during the assessment period.
• China, being one of the leading producers and consumers of industrial equipment in the world, is anticipated to account for more than 50% of the viscometer sales in the East Asia market by 2031 end.
• India is expected to emerge as a highly lucrative market in South Asia & Pacific, accounting for around 40% of the total demand share in the region in 2021.
• In terms of end user, industrial is estimated to remain the most remunerative segment, accounting for more than 63.5% of the global sales over the next ten years.

Key Drivers

• Increasing availability of viscometer owing to the growing penetration of e-commerce platforms and rising research & testing activities are expected to favor the growth of the market.
• Rising number of government initiatives and campaigns undertaken in counties such as China, Germany, Brazil, India, the U.S., and others to expand their industrial sector is driving the sales of viscometer across the industrial segment.

Key Restraints

• Availability of low-quality products and improving access to cost-effective alternatives, specifically in local markets are the factors posing a challenge for viscometer market growth.
• Increasing customer inclination towards purchasing products through e-commerce platforms due to the convenience associated with the sales channel is hampering the growth of the offline segment.

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Competitive Landscape

Top five players in the global viscometers market are Ametek Inc., Thermo Fisher Scientific, TA Instruments, Anton Paar GmbH, and A&D Company. As per FMI, more than 52.6% of the market share is expected to be captured by the top 10 players.

Leading player are focusing on expanding their product portfolios by increasing research and development activities to develop customer-specific products. Some of the companies are aiming for strategic collaborations with other manufacturers in order to enhance their manufacturing capabilities and capitalize on the increasing demand for viscometer. For instance,

·  In April 2019, Anton Paar, an Austrian manufacturer of analytical instruments, announced launching a next generation sensor, L-Rix sensor. The three sensors, called L-Rix 5×00, are capable of measuring the concentration ratios of the liquid surrounding them using inline refractometry.

• ProRheo GmbH, A German producer of rotational viscometers, announced introducing a new viscometer, ProRheo123 for measuring viscosity with VT02-measuring systems. The instrument is capable to provide precise and accurate measurements for all types of fluids across all industries.

Some of the key players operating in the market profiled by FMI are:

• Thermo Fisher Scientific
• AMETEK.Inc.
• TA Instruments
• Anton Paar GmbH
• A&D Company
• Goettfert GmbH
• Fann Instrument
• Freeman Technology
• Brabender GmbH
• Cannon Instrument Company
• Lamy Rheology Instruments
• Shanghai Nirun Intelligent Technology Co., Ltd.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube