Gum Rosin Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Gum Rosin Market was worth US$ 1,732.1 Mn and is expected to grow at a CAGR of 4.3% over the forecast period. The market is expected to hit US$ 2,638.9 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 3.1%, the market underwent significant growth.
The Gum Rosin market is rapidly expanding due to the growing demand for Gum Rosin in the end-user industries is the prime driving factor for the growth of the global Gum Rosin market. Various types of Gum Rosin are used in different applications, such as paints and coatings, printing inks, textile printing inks, and adhesives.
ChemView Consulting has analyzed that Gum Rosin seeks significant demand from the synthetic rubber and adhesives industries, positively influencing the market growth. Speedy growth is anticipated to propel the worldwide gum rosin market over the projected period.
The main factors contributing to increased synthetic rubber and adhesives industries are increased construction activity in the area, a growing emphasis on reducing carbon footprints, and creating environmentally friendly products by the government and end-use businesses.
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Segments Covered in Report
By Product Type
- WW
- WG
- N
- X
- Others
By Application
- Paper
- Paints & Coatings
- Soap
- Printing Ink
- Adhesives
- Rubber
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Gum Rosin Market
- Based on the product type, the WW segment accounts major share of the global Gum Rosin market share. WW gum rosin is a natural transparent, organic solid compound that is a light shade of yellow. It has immense utility in synthetic rubber and adhesives to offer high performance and quality. The rising adoption of soap, paint, printing, and paper products will also increase the segment’s growth.
- Based on the Application, the Adhesives segment will dominate at a significant CAGR from 2022 to 2032. The growing furniture and rubber industries are other factors that will drive the growth of the adhesives market during the forecast period. Furthermore, increasing demand for packaging materials will boost the global Gum Rosin market.
- Asia-Pacific is projected to dominate the Gum Rosin market with a market share of 73.4% during the forecast period due to high consumption from the region’s stringent end-use industries.
Competition Summary
Key companies covered in the market study are Deqing Jiyuan Synthetic Resin Co., Ltd., Wuzhou Pine Chemicals Ltd., and PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group, and EURO-YSER.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
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- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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