Gum Rosin Market

Gum Rosin Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global gum rosin market will grow at a 4.4% CAGR during the period 2023–2033 to reach a valuation of US $2152.2 million by 2033.

Key Findings on the Gum Rosin Market

1. Which is the largest market for gum rosin?

The biggest market for gum rosin is East Asia. As per our analysis, East Asia holds nearly 38.6% share of the gum rosin market.

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

As per ChemView Consulting, the largest segment by application is Adhesives. As per our analysis, this segment accounts for nearly 32.7% of total revenues.

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

The gum rosin market is expected to grow at a CAGR of 4.4% during the period 2023–2033.

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

• Industrialization and Economic Growth: Economic expansion and industrialisation in emerging economies can fuel demand for gum rosin, which is used in a variety of industries such as adhesives, coatings, rubber, and others.
• Shift Towards Bio-Based and Sustainable Products: With an increasing shift toward more sustainable methods, bio-based and renewable raw materials are becoming more popular. Gum rosin, a natural resin extracted from pine trees, fits well into this trend because it is considered more eco-friendly than synthetic alternatives.

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

The key companies in the gum rosin market are Feishang, Kraton Corporation, Arakawa Chemical Industries, Ltd., Borealis AG, PT. Naval Overseas, CV. Indonesia Pinus, Resinas Brasil Group, Socer Brasil Industria E Comercio Ltda, Guangdong KOMO, and CV. Indonesia Pinus.

Key Drivers for Gum Rosin Demand

• Consumer preferences for products obtained from natural sources are on the rise. This trend towards natural and organic products may increase demand for gum rosin-based products in a variety of industries.
• In addition, government initiatives to promote environmentally friendly products, boost local businesses, and regulate environmental practises can all have positive effects on the gum rosin market by providing a conducive business environment.
• Furthermore, continuous research and development efforts to find new applications for gum rosin and improve its qualities are likely to open up new market opportunities. Thus, innovations that have enhanced qualities, such as modified gum rosin, can increase their use across numerous industries.

Key Challenges Inhibiting Demand for Gum Rosin

• Gum rosin manufacturing is heavily dependent on the supply of pine trees and resinous ingredients. Factors such as disease outbreaks, climate change, and geopolitical difficulties can all threaten the supply of these natural products.
• In addition, variations in raw material supply can cause price volatility and harm market stability.

Key Challenges & Opportunities for Gum Rosin Manufacturers

• Customer preferences for sustainable sourcing, natural products, and eco-friendly packaging may influence demand for gum rosin products. Manufacturers need to adapt their offerings in accordance with these shifting trends.
• However, partnerships with other sectors of the economy may lead to new uses for gum rosin. For instance, collaborations with the pharmaceutical, food, or cosmetics sectors may result in the development of novel products that leverage the special qualities of gum rosin.

Country/Region-wise Insights

US Gum Rosin Market Forecast

• The rising demand for environmentally friendly and biodegradable products in the US market is projected to observe significant growth?in the estimated period.
• In addition, technological advances in extraction and refining technologies are improving the quality and purity of gum rosin and opening new applications for it.

Europe Gum Rosin Market Outlook

• The growing use of gum rosin-based products in the manufacturing industry in the Europe market is anticipated to drive sales in the market over the assessment period.
• Moreover, the increased awareness of the environmental benefits of gum rosin, as well as its compatibility with stringent regulatory frameworks, are expected to accelerate its market growth.

Japan Gum Rosin Market Forecast

• The rising need for environmentally friendly and sustainable substitutes across a range of industrial sectors in Japan market is anticipated to drive the market over the forecasted period.
• In addition, the country’s rapid advancement in technology and focus on research and development help fuel the growth of the gum rosin market.

China & India Gum Rosin Market Forecast

• The expanding industrialization and increased focus on the manufacturing sectors in the China & India market are anticipated to fuel the market over the forecast period. China & India gum rosin market are likely to account for a leading share of the global gum rosin market.?
• Moreover, the rising construction and automotive industries, as well as the country’s growing population, are driving demand for gum rosin-based products, further contributing to the market’s growth.

Gum Rosin Market Outlook & Forecast by Segmentation

By Product

Based on product, the WW segment is expected to remain at the forefront of gum rosin market share over the assessment period. The growth is mainly because the cosmetics and personal care sectors frequently require ingredients that are free of contaminants and have a clear appearance. WW gum rosin can be used in products such as lipsticks, creams, and lotions where transparency and purity are important.

Moreover, ingredients that are safe and free of hazardous substances must be used in packaging materials that come into direct contact with food. Therefore, the purity and clarity of WW gum rosin make it appropriate for use in food packaging.

By Application

Based on application, the adhesives segment is set to account for 32.7% of the gum rosin market share over the assessment period. The growth is mainly because gum rosin-based adhesives have high substrate compatibility, making them appropriate for a wide range of applications. They are a versatile option for various sectors as they can stick to things like paper, wood, fabrics, and plastic.

In addition, gum rosin-based adhesives can be customised to satisfy particular application needs by changing formulas and ratios. This adaptability enables manufacturers to produce adhesives with different levels of strength, flexibility, and curing speed.

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

The key companies in the gum rosin market are Feishang, Kraton Corporation, Arakawa Chemical Industries, Ltd., Borealis AG, PT. Naval Overseas, CV. Indonesia Pinus, Resinas Brasil Group, Socer Brasil Industria E Comercio Ltda, Guangdong KOMO, and CV. Indonesia Pinus.

Recent Developments:

• In April 2020, Kraton Corporation, a top manufacturer of specialised polymers and high-value biobased products developed from byproducts of pine wood pulping, launched its REvolution™ rosin ester technology along with novel SYLVALITE™ products.

• In 2021, Arakawa Chemical Industries, Ltd., which produces and sells resins for printing inks and paper additives, announced a joint venture to increase their capacity for producing gum rosin with Forestar Chemical Co., Ltd.

• In 2020, Borealis AG, one of the top suppliers of innovative and environmentally friendly polyolefin solutions worldwide, announced a new branding campaign for its line of gum rosin adhesives and sealants, which includes products made with the material.

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

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1. Indonesia Pinus

Located in Indonesia, it is a privately owned manufacturer of rosin, turpentine, and gum.

1. Naval Overseas

Founded in 2006 and located in Indonesia, It is a well-known and reputable processor, exporter, and manufacturer of natural products such as gum rosin, oleo pine resin, and so on.

Resinas Brasil Group

Founded in 1992 and located in Brazil and Europe, it produces and sells derivatives, rosin, turpentine, and resins.

Socer Brasil Industria E Comercio Ltda

Founded in 1996 and located in Brazil, the Company’s business involves the production of plastic materials, synthetic resins, and nonvulcanizable elastomers.’

Guangdong KOMO

Established in 1994 and based in China, It is a well-known resin manufacturer.

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