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Gum Rosin Market Report and Forecast 2024-2032

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    Report

  • 180 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982022

Market Outlook

According to this report, the gum rosin market size reached a value of USD 1.55 billion in 2023. Aided by the increasing demand for gum rosin in various sectors and its wide range of applications, the market is projected to further grow at a CAGR of 5.1% between 2024 and 2032 to reach a value of USD 2.43 billion by 2032.

Gum rosin, a natural resin obtained from pine trees, is widely used in the production of adhesives, inks, coatings, rubber, and various other products. Its excellent adhesive properties, along with its ability to enhance the elasticity and viscosity of materials, make it a crucial ingredient in numerous industrial applications. Additionally, gum rosin is valued for its versatility and eco-friendly nature, as it is derived from a renewable resource.

The increasing demand for adhesives in the construction, automotive, and packaging sectors is driving the gum rosin market growth. As these sectors expand, the need for high-quality adhesives continues to rise, bolstering the demand for gum rosin. Furthermore, the growing use of gum rosin in the production of printing inks and coatings is contributing to the market expansion, driven by the rise in packaging and labelling activities worldwide.

Moreover, the expanding applications of gum rosin in various sectors play a significant role in propelling the market. In the rubber sector, gum rosin is used as a tackifier to improve the elasticity and flexibility of rubber products. The coatings industry utilizes gum rosin for its excellent film-forming properties, which enhance the durability and appearance of coatings. Additionally, gum rosin is used in the production of chewing gum and food-grade adhesives, highlighting its versatility and broad application spectrum.

In the adhesives sector, gum rosin is a critical ingredient used to enhance the adhesive properties of various products. Its ability to improve tackiness and elasticity makes it ideal for applications in construction, automotive, and packaging. The rising demand for high-performance adhesives in these industries is driving the growth of the market, consequently driving up the gum rosin market share.

The growing emphasis on sustainability and eco-friendly products is also driving the demand for gum rosin. As consumers and industries alike become more environmentally conscious, there is a rising preference for natural and renewable materials over synthetic alternatives. This shift towards sustainable products is expected to drive the growth of the gum rosin market over the forecast period.

In the coatings sector, gum rosin is widely used for its excellent film-forming and binding properties. It is utilized in the production of varnishes, paints, and other coatings to enhance their durability, gloss, and overall performance. The increasing construction activities and the growing demand for protective coatings are driving the adoption of gum rosin in this sector.

The rubber sector also benefits significantly from gum rosin, which is used as a tackifier to improve the elasticity, flexibility, and performance of rubber products. This application is particularly important in the production of tires, conveyor belts, and various other rubber-based products. The expanding automotive industry and the rising demand for high-performance rubber products are contributing to the growth of this sector.

As per the gum rosin market analysis, in the printing ink sector, gum rosin is used to produce high-quality printing inks with excellent adhesion, gloss, and colour retention properties. The rise in packaging and labelling activities, driven by the growth of the e-commerce and retail sectors, is boosting the demand for printing inks, thereby driving the growth of the gum rosin market.

Additionally, gum rosin finds applications in the food sector, particularly in the production of chewing gum and food-grade adhesives. Its natural origin and non-toxic properties make it suitable for use in food products. The growing demand for natural and safe food ingredients is driving the adoption of gum rosin in this sector.

Market Segmentation

The market can be divided based on product type, application, and region.

Market Breakup by Product Type

  • WW
  • WG
  • N
  • X

Market Breakup by Application

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

Market Breakup by Region

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

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global gum rosin market. some of the major players explored in the report are as follows:
  • PT Indonesia Pine Chemical Industri (PT. INDOPICRI)
  • Wuzhou Pine Chemicals Ltd
  • PT Nasco
  • PT Oleo Resina Indonesia
  • PT Istana Palapa Kertas (ISPAK)
  • PT Kencana Hijau Bina Lestari
  • Guangxi Dinghong Resin Co Ltd
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Gum Rosin Market Overview
8.1 Key Industry Highlights
8.2 Global Gum Rosin Historical Market (2018-2023)
8.3 Global Gum Rosin Market Forecast (2024-2032)
8.4 Global Gum Rosin Market by Product Type
8.4.1 WW
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 WG
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 N
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 X
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Gum Rosin Market by Application
8.5.1 Paper
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paints and Coatings
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Soap
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Printing Ink
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Adhesives
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Rubber
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Gum Rosin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Gum Rosin Market Analysis
9.1 Market by Product Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Gum Rosin Market Analysis
10.1 Market by Product Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Gum Rosin Market Analysis
11.1 Market by Product Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America Gum Rosin Market Analysis
12.1 Market by Product Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Gum Rosin Market Analysis
13.1 Market by Product Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PT Indonesia Pine Chemical Industri (PT. INDOPICRI)
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wuzhou Pine Chemicals Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 PT Nasco
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 PT Oleo Resina Indonesia
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 PT Istana Palapa Kertas (ISPAK)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 PT. Kencana Hijau Bina Lestari
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Guangxi Dinghong Resin Co Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gum Rosin Market: Key Industry Highlights, 2018 and 2032
2. Global Gum Rosin Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Gum Rosin Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Gum Rosin Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Gum Rosin Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Gum Rosin Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Gum Rosin Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Gum Rosin Market Structure

Companies Mentioned

  • PT Indonesia Pine Chemical Industri (PT. INDOPICRI)
  • Wuzhou Pine Chemicals Ltd
  • PT Nasco
  • PT Oleo Resina Indonesia
  • PT Istana Palapa Kertas (ISPAK)
  • PT Kencana Hijau Bina Lestari
  • Guangxi Dinghong Resin Co Ltd

Methodology

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Table Information