Rosin Resin Market

Rosin Resin Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global rosin resin market will grow at a 4.3% CAGR during the period 2023–2033 to reach a valuation of US $2,169.6 million by 2033.

Key Findings on the Rosin Resin Market

1. Which is the largest market for rosin resin?

The biggest market for rosin resin is North America. As per our analysis, North America holds nearly 31% share of the rosin resin market.

2. What is the largest application segment within the rosin resin market?

As per ChemView Consulting, the largest segment by application is adhesives. As per our analysis, this segment accounts for nearly 53.7% of total revenues.

3. At what rate is the rosin resin market expected to grow?

The rosin resin market is expected to grow at a CAGR of 4.3% during the period 2023–2033.

4. What are the major trends influencing the rosin resin market?

• Bio-based Materials: The trend toward bio-based products is a significant shift in the rosin resin market. Rosin resin is renewable and biodegradable, making it a viable option for businesses seeking to reduce their carbon footprint and environmental impact.
• Technological Advancements: Technological advancements have resulted in enhanced processing methods for rosin resin extraction and refining. This has resulted in higher-quality rosin products with improved performance characteristics, opening up new applications and markets.

5. Who are the leading players in the rosin resin market?

The key companies in the rosin resin market are Forestarchem Chemical Co. Ltd., Lawter, Indonesia Pinus, Harima Chemicals Group, Inc., Kraton Corporation, Eastman Chemical Corporation, Resin Chemicals Co. Ltd., Ingevity, Georgia-Pacific Chemicals LLC, and Jiangsu Hualin Chemical Co., Ltd.

Key Drivers for Rosin Resin Demand

• Rosin resins are commonly utilized in the production of adhesives and sealants. The expanding construction and automotive industries are driving demand for these products, boosting the rosin resin market.
• In addition, rosin resins are used in a variety of packaging-related applications, including inks, coatings, and laminations. As e-commerce and consumer packaging grow, so will the demand for rosin resin-based products.
• Furthermore, rosin resin is used in cosmetics and personal care goods such as depilatory wax, nail polish, and hair removal products. As the cosmetics industry grows, so will the demand for rosin resin-based compositions.

Key Challenges Inhibiting Demand for Rosin Resin

• While rosin resins have a wide range of applications, they may not be appropriate for all industrial or commercial applications. Limited adaptability may limit market expansion.
• Moreover, growing environmental awareness and laws may limit the use of certain rosin resins, particularly those produced from unsustainable or environmentally hazardous sources.

Key Challenges & Opportunities for Rosin Resin Manufacturers

• The rosin resin industry is strongly reliant on the availability and pricing of raw materials such as pine gum, which can be affected by environmental conditions, supply chain interruptions, and price variations.
• However, implementing efficient manufacturing processes and optimizing supply chains can help lower production costs, making products more marketable.

Country/Region-wise Insights

US Rosin Resin Market Forecast 

• Rapid growth in end-user sectors such as adhesives, inks, coatings, and rubber in the US market is projected to observe significant growth in the estimated period. The US rosin resin markets are likely to account for a leading share of the global rosin resin market.
• In addition, continued advancements in rosin resin technology, which result in improved product quality and performance, are anticipated to attract more producers and consumers.

Europe Rosin Resin Market Outlook 

• he increased emphasis on environmentally friendly and sustainable products has resulted in an increase in demand for rosin resin in the Europe market, which is anticipated to drive sales in the market over the assessment period.
• Moreover, the booming European construction and adhesive sectors are likely to boost demand for rosin resin, which has numerous applications in adhesives, paints, and coatings.

Japan Rosin Resin Market Forecast

• Growing awareness and preference for environmentally friendly and sustainable products in the Japan market is anticipated to drive the market over the forecasted period.
• In addition, Japan’s ongoing research and development efforts in product innovation and application techniques boost the growth prospects of the rosin resin market.

China & India Rosin Resin Market Forecast

• The constantly expanding construction and packaging sectors in the China & India markets are anticipated to fuel the market over the forecast period.
• In addition, growing awareness of the environmental benefits of rosin resin, such as its eco-friendly and renewable nature, contributes to its use in sustainable and green projects, supporting market growth.

Rosin Resin Market Outlook & Forecast by Segmentation

By Source

Based on source, the gum resin segment is expected to remain at the forefront of rosin resin market share over the assessment period. The growth is mainly due to an increased emphasis on sustainability and environmentally friendly sourcing in numerous industries. Gum resin is obtained from pine trees using a non-harmful procedure, making it an environmentally beneficial choice. This sustainability component has the potential to boost demand.

Furthermore, industries such as adhesives, paints and coatings, and rubber are predicted to expand steadily. These industries rely on gum resin as a crucial constituent, which will add to their market dominance.

By Application  

Based on application, the adhesives segment is set to account for 53.7% of the rosin resin market share over the assessment period. The growth is because adhesives play an important role in the building industry, where they are used for bonding materials such as tiles, flooring, and insulation. Rosin resins can improve the durability and performance of construction adhesives, making them useful in this industry.

In addition, rosin resins are frequently less expensive than synthetic resin substitutes. This cost advantage makes them an appealing choice for adhesive makers seeking to balance performance and cost factors in their formulations.

Which Company Owns the Largest Share in the Rosin Resin Market?

The key companies in the rosin resin market are Forestarchem Chemical Co. Ltd., Lawter, Indonesia Pinus, Harima Chemicals Group, Inc., Kraton Corporation, Eastman Chemical Corporation, Resin Chemicals Co. Ltd., Ingevity, Georgia-Pacific Chemicals LLC, and Jiangsu Hualin Chemical Co., Ltd.

Recent Developments:

• In June 2022, Harima Chemicals Group, Inc., a chemical firm that manufactures and distributes pine compounds made primarily from rosin, announced the purchase of commercial rights, assets, and other assets related to Henkel AG & Co. KGaA’s solder materials business. Harima’s ability to use its tall oil rosin (TOR) will be enhanced by Henkel’s solder material business.
• In March 2022, Eastman Chemical Corporation, an American corporation specialising in the chemical industry, declared that the sale of their adhesives business to Synthomer plc had been completed. The product lines offered included pure monomer resins, hydrocarbon resins, rosins and dispersions, polyolefin polymers, and oleochemical and fatty acid-based resins.
• In September 2019, Ingevity, a manufacturer of specialised chemicals, launched the AltaPrint product line, a new ink resin product line. AltaPrint, a formaldehyde- and phenol- free modified rosin resin, is designed for use in heatset and sheetfed inks for commercial printing and packaging applications. This product line is available worldwide.

As per our analysis, the companies that hold the largest share in the market are

Click Here to Request Company-wise Data

Kraton Corporation 

Founded in 2000 and with headquarters in Houston, Texas, United States, it is a multinational speciality chemicals corporation.

Georgia-Pacific Chemicals, LLC

Founded in 1959 and headquartered in Atlanta, Georgia, United States, it is a corporation that produces chemicals for a variety of products.

Resin Chemicals Co., Ltd.

Founded in 2010, it produces and exports gum rosin, its derivatives, and hydrocarbon resin.

Lawter

Founded in 2010 and with headquarters in Chicago, it is a multinational chemical manufacturing corporation.

Jiangsu Hualin Chemical Co., Ltd.

Established in 2004 and with headquarters in China, it is a reputable chemical exporting and importing firm.

What Makes this Report More Insightful than Others?

With ChemView Consulting, we’re redefining market research for the next generation. Go beyond traditional analysis and immerse yourself in a holistic exploration of business opportunities. We offer:

Actionable Business Opportunity Assessments: Navigate the business landscape with precise, actionable insights tailored for future growth.

Strategic Competitive Intelligence: Stay ahead with in-depth analysis, ensuring you always have the competitive edge.

Customer Insights Like Never Before: Understand your customer’s evolving needs, aspirations, and behaviors to drive brand loyalty and value.

Dynamic Price Tracking: Stay agile in a fluctuating market with real-time pricing intelligence.

Profitability Analysis with Precision: Dive deep into data-driven strategies that ensure optimal returns on investment.

M&A and Alliances Mastery: Navigate the complex world of mergers, acquisitions, and alliances with expert foresight.

Startup Ecosystem Tracking: Discover the next big disruptors before they make headlines.

Up-to-the-minute Regulations & Compliance Updates: Stay ahead of the regulatory curve, ensuring business continuity and compliance.

Pioneering Technological Insights: Explore the forefront of innovation, capturing trends before they shape the market.

The future is data-rich and insights-driven, and with ChemView Consulting, you are poised at the forefront. Every report is crafted to inspire, every insight designed to catalyze growth. Partner with us, and let’s co-create the future of your business.

Follow Us On Our Social Media Pages 

Facebook and Linkedin