Gum Rosin Market Strategies, Trends, and Forecast by 2031
The Gum Rosin Market is expected to register a CAGR of 4.1% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by grade (WW (water white) grade, WG (window glass), N (non-staning) grade, M (miscellaneous) grade, and others). The report further presents an analysis based on the application (adhesives and sealants, coasting and resins, printing inks, rubber, paper sizing, soap and detergents, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Gum Rosin Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Gum Rosin Market Segmentation
Grade- WW Grade
- WG
- N Grade
- M Grade
- Others
- Adhesives and Sealants
- Coasting and Resins
- Printing Inks
- Rubber
- Paper Sizing
- Soap and Detergents
- Others
Strategic Insights
Gum Rosin Market Growth Drivers- Demand in Adhesives and Sealants: The large growth of the gum rosin market is due to the vast amounts used in adhesives and sealants, especially in construction, automotive, and packaging industries. Gum rosin strengthens adhesive strength and toughness while maintaining good adhesive properties. With increasing dependence on dependable bonding agents from all industries, demand for high-grade gum rosin will keep increasing considerably.
- Rising Demand for Gum Rosin in Printing Inks, Packaging, and Labeling: The substantial demand for printing inks, especially packaging and labeling products, is mainly stimulating the consumption of gum rosin. It acts as a binder and adhesion promoter and enhances the performance of ink by ensuring that the colors pop well and stay stable. As the e-commerce and packaging industries continue to expand, their dependency on gum rosin for ink formulations will increase.
- Increasing Use of Gum Rosin in Personal Care and Cosmetic Products: The firming and binding properties of gum rosin are increasingly being used by the personal care and cosmetic industries to apply it in product formulations. As consumers turn toward natural constituents, this causes an increased demand for gum rosin to be pushed toward its various applications in personal care, starting from lotions and makeup.
- Sustainability Drives Growth in the Gum Rosin Market: The increase in the gum rosin market is attributed to the tendency of sustainability wherein industries tend to prefer products that are eco-friendly. Gum rosin, extracted from renewable sources, enjoys preference due to its biodegradable characteristics. This growth pattern mirrors the increasing consumer demand for natural products and results in manufacturers racing to create sustainable alternatives that minimize the overall impact on the environment in various applications.
- Advancements in Processing Technologies: Advancements in processing technologies enhance the quality and flexibility of gum rosin. Improvements in refining technology enhance purity and functionality, which may allow its use in specialty coatings, adhesives, and food packaging applications, thereby meeting new industry requirements and changing consumer demands.
- Increasing Demand for Bio-Based Materials: Bio-based materials are highly in demand in many industries today, and the consumption of gum rosin has dramatically increased as organizations become aggressive in reducing their reliance on petrochemicals. Natural products like gum rosin compete with and support their marketing streams in an effort to reduce reliance on petrochemicals, thus aligning with increased global sustainability and environmental responsiveness in manufacturing.
- Growing Market for Bio-Based Adhesive: There are opportunities for the producers of rosin as demand for environmentally friendly and bio-based adhesives grows. Manufacturers can innovate new formulations that would adapt to the newly widening market segment, enhance the appeal of products with these new materials, and satisfy the consumer's preference for green materials in construction, packaging, and other applications.
- New Applications in Electronics and Bio-Composite: New emerging applications in electronics and bio-composites stand to unlock valuable added value within the demand for gum rosin. With industries continuously in search of new materials that have specific performance properties, manufacturers can further play a growth role while enabling the diversification of the product line in response to the increasingly changing demands of the markets.
- Rising Industrialization in Developing Economies: Growing industrialization in developing economies offers a huge opportunity for gum rosin players to increase their market share. Higher consumption of natural-based products and rising industrialization activities in the Asia-Pacific and Africa markets can create new revenue streams and opportunities for increasing the market share in these new markets.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Gum Rosin Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Gum Rosin Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
preference for eco-friendly materials increases demand for gum rosin is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the gum rosin market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Eastman Chemical Co, Harima Chemicals Group Inc, Guangxi Jinxiu Songyuan Forest Products Co Ltd, Wuzhou Sun Shine Forestry and Chemicals Co Ltd, Forestar Chemical Co Ltd, AS Resinas, The Pinus Brasil Group, United Resins SA, IRANI PAPEL E EMBALAGEM SA, and CV. INDONESIA PINUS
The major factors driving the gum rosin market are:
1. Growing demand in construction and packaging boosts gum rosin use in adhesives.
2. Increased consumption in the printing sector enhances gum rosin demand.
The Gum Rosin Market is estimated to witness a CAGR of 4.1% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gum Rosin Market - By Product Type
1.3.2 Gum Rosin Market - By Application
1.3.3 Gum Rosin Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GUM ROSIN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. GUM ROSIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GUM ROSIN MARKET - GLOBAL MARKET ANALYSIS
6.1. GUM ROSIN - GLOBAL MARKET OVERVIEW
6.2. GUM ROSIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GUM ROSIN MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. WW
7.3.1. Overview
7.3.2. WW Market Forecast and Analysis
7.4. N
7.4.1. Overview
7.4.2. N Market Forecast and Analysis
7.5. X
7.5.1. Overview
7.5.2. X Market Forecast and Analysis
7.6. WG
7.6.1. Overview
7.6.2. WG Market Forecast and Analysis
7.7. M
7.7.1. Overview
7.7.2. M Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. GUM ROSIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAINT
8.3.1. Overview
8.3.2. Paint Market Forecast and Analysis
8.4. PAPER SIZING
8.4.1. Overview
8.4.2. Paper Sizing Market Forecast and Analysis
8.5. ADHESIVES
8.5.1. Overview
8.5.2. Adhesives Market Forecast and Analysis
8.6. FOOD
8.6.1. Overview
8.6.2. Food Market Forecast and Analysis
8.7. INK
8.7.1. Overview
8.7.2. Ink Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. GUM ROSIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Gum Rosin Market Overview
9.1.2 North America Gum Rosin Market Forecasts and Analysis
9.1.3 North America Gum Rosin Market Forecasts and Analysis - By Product Type
9.1.4 North America Gum Rosin Market Forecasts and Analysis - By Application
9.1.5 North America Gum Rosin Market Forecasts and Analysis - By Countries
9.1.5.1 United States Gum Rosin Market
9.1.5.1.1 United States Gum Rosin Market by Product Type
9.1.5.1.2 United States Gum Rosin Market by Application
9.1.5.2 Canada Gum Rosin Market
9.1.5.2.1 Canada Gum Rosin Market by Product Type
9.1.5.2.2 Canada Gum Rosin Market by Application
9.1.5.3 Mexico Gum Rosin Market
9.1.5.3.1 Mexico Gum Rosin Market by Product Type
9.1.5.3.2 Mexico Gum Rosin Market by Application
9.2. EUROPE
9.2.1 Europe Gum Rosin Market Overview
9.2.2 Europe Gum Rosin Market Forecasts and Analysis
9.2.3 Europe Gum Rosin Market Forecasts and Analysis - By Product Type
9.2.4 Europe Gum Rosin Market Forecasts and Analysis - By Application
9.2.5 Europe Gum Rosin Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Gum Rosin Market
9.2.5.1.1 Germany Gum Rosin Market by Product Type
9.2.5.1.2 Germany Gum Rosin Market by Application
9.2.5.2 France Gum Rosin Market
9.2.5.2.1 France Gum Rosin Market by Product Type
9.2.5.2.2 France Gum Rosin Market by Application
9.2.5.3 Italy Gum Rosin Market
9.2.5.3.1 Italy Gum Rosin Market by Product Type
9.2.5.3.2 Italy Gum Rosin Market by Application
9.2.5.4 United Kingdom Gum Rosin Market
9.2.5.4.1 United Kingdom Gum Rosin Market by Product Type
9.2.5.4.2 United Kingdom Gum Rosin Market by Application
9.2.5.5 Russia Gum Rosin Market
9.2.5.5.1 Russia Gum Rosin Market by Product Type
9.2.5.5.2 Russia Gum Rosin Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Gum Rosin Market Overview
9.3.2 Asia-Pacific Gum Rosin Market Forecasts and Analysis
9.3.3 Asia-Pacific Gum Rosin Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Gum Rosin Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Gum Rosin Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Gum Rosin Market
9.3.5.1.1 Australia Gum Rosin Market by Product Type
9.3.5.1.2 Australia Gum Rosin Market by Application
9.3.5.2 China Gum Rosin Market
9.3.5.2.1 China Gum Rosin Market by Product Type
9.3.5.2.2 China Gum Rosin Market by Application
9.3.5.3 India Gum Rosin Market
9.3.5.3.1 India Gum Rosin Market by Product Type
9.3.5.3.2 India Gum Rosin Market by Application
9.3.5.4 Japan Gum Rosin Market
9.3.5.4.1 Japan Gum Rosin Market by Product Type
9.3.5.4.2 Japan Gum Rosin Market by Application
9.3.5.5 South Korea Gum Rosin Market
9.3.5.5.1 South Korea Gum Rosin Market by Product Type
9.3.5.5.2 South Korea Gum Rosin Market by Application
9.3.5.6 Rest of Asia-Pacific Gum Rosin Market
9.3.5.6.1 Rest of Asia-Pacific Gum Rosin Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Gum Rosin Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Gum Rosin Market Overview
9.4.2 Middle East and Africa Gum Rosin Market Forecasts and Analysis
9.4.3 Middle East and Africa Gum Rosin Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Gum Rosin Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Gum Rosin Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Gum Rosin Market
9.4.5.1.1 South Africa Gum Rosin Market by Product Type
9.4.5.1.2 South Africa Gum Rosin Market by Application
9.4.5.2 Saudi Arabia Gum Rosin Market
9.4.5.2.1 Saudi Arabia Gum Rosin Market by Product Type
9.4.5.2.2 Saudi Arabia Gum Rosin Market by Application
9.4.5.3 U.A.E Gum Rosin Market
9.4.5.3.1 U.A.E Gum Rosin Market by Product Type
9.4.5.3.2 U.A.E Gum Rosin Market by Application
9.4.5.4 Rest of Middle East and Africa Gum Rosin Market
9.4.5.4.1 Rest of Middle East and Africa Gum Rosin Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Gum Rosin Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Gum Rosin Market Overview
9.5.2 South and Central America Gum Rosin Market Forecasts and Analysis
9.5.3 South and Central America Gum Rosin Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Gum Rosin Market Forecasts and Analysis - By Application
9.5.5 South and Central America Gum Rosin Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Gum Rosin Market
9.5.5.1.1 Brazil Gum Rosin Market by Product Type
9.5.5.1.2 Brazil Gum Rosin Market by Application
9.5.5.2 Argentina Gum Rosin Market
9.5.5.2.1 Argentina Gum Rosin Market by Product Type
9.5.5.2.2 Argentina Gum Rosin Market by Application
9.5.5.3 Rest of South and Central America Gum Rosin Market
9.5.5.3.1 Rest of South and Central America Gum Rosin Market by Product Type
9.5.5.3.2 Rest of South and Central America Gum Rosin Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GUM ROSIN MARKET, KEY COMPANY PROFILES
11.1. CV. INDONESIA PINUS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DEQING JIYUAN SYNTHETIC RESIN
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. EURO-YSER
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FORESTAR CHEMICAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GUILIN SONGQUAN FOREST CHEMICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IRANI
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JINGGU FORESTRY CHEMICAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PT. NAVAL OVERSEAS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RESIN CHEMICALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WUZHOU PINE CHEMICALS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Cv. Indonesia Pinus
2. Deqing Jiyuan synthetic Resin
3. EURO-YSER
4. Forestar Chemical
5. Guilin Songquan forest Chemical
6. Irani
7. Jinggu Forestry Chemical
8. PT. Naval Overseas
9. Resin Chemicals
10. Wuzhou Pine Chemicals
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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