Product Code: MRFR/CnM/6957-CR
Market Overview
The worldwide gum rosin market is projected to enroll a striking CAGR of 4.06% to arrive at USD 1,877.12 million toward the finish of 2030.
Gum rosin is gotten from oleoresin acquired by scarifying the pine trees. The innate causticity, joined with other substance properties, permits it to be changed over into an enormous number of downstream subordinates utilized in different applications, for example, delivering glues, paper estimating specialists, printing inks, binds and transitions, different surface coatings, protecting materials for the gadgets business, engineered elastic, biting gums, and cleansers and cleansers. The worldwide gum rosin market is conspicuously impacted by many market-driven factors. A portion of the market-driven factors that are scheduled to fuel the worldwide market development incorporate expanded gum rosin interest in the different end-use businesses like paints and coatings, elastic industry, and so on, and its broad use as a cover in cement for the development business. Aside from these factors, the valuable chance to extend in Latin America and the Middle East, and Africa is projected to set off worldwide gum rosin market development soon.
As it disintegrates effectively in liquor, fuel, turpentine, and other natural solvents, gum rosin is a fundamental material in the paint business. Gum rosin is refined with a drying oil, for example, tung oil, and blended in with an unstable dissolvable to create different polishes. It is utilized as a measuring specialist in the papermaking business since it further develops paper strength, perfection, and hostility to scraped spots. Gum rosin is utilized in elastic items as a minimal expense tackifier and conditioner. Furthermore, its end-use application in different businesses because of its superior substance and actual properties might help the development of the gum rosin market
Market Segmentation
By Type, the gum rosin market is classified into WW, WG, K, X, and Others.
The Product Type segment is classified into Adhesive & Sealants, Rubber, Paint & Coatings, Printing Inks, Food & Beverage, and Others.
Regional Analysis
Asia-Pacific ruled the market with a portion of 33.3%, it is normal to enroll the most elevated CAGR of 4.79% from 2022 to 2030. The gum rosin industry in Asia-Pacific is likely to lead the market owing to rising cement and sealants in emerging countries like China and India. The developing interest in the item from different end-use sectors, including cements and sealants, paint and covering, and elastic, drives the North American market.
North America was the second biggest, with a portion of 32.1% in 2021; it is projected to display a CAGR of 3.75%.
Major Players
The major companies in the market are Wuzhou Pine Chemicals Ltd., Jinggu Forestry Chemical Co., Ltd., Jiangmen Xinhui Overseas Chinese Industry Development Co., Ltd., Wuzhou Sun Shine Forestry and Chemicals Co., Ltd., Grupo RB, Forestar Chemical Co., Ltd., Perum Perhutani, PT. Naval Overseas, Punjab Rosin and Chemicals Work, and PinoPine.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 17
- 1.1.1 GUM ROSIN MARKET, BY TYPE 18
- 1.1.2 GUM ROSIN MARKET, BY APPLICATION 19
- 1.1.3 GUM ROSIN MARKET, BY REGION 20
2 MARKET INTRODUCTION 21
- 2.1 DEFINITION 21
- 2.2 SCOPE OF THE STUDY 21
- 2.3 MARKET STRUCTURE 22
3 RESEARCH METHODOLOGY 23
- 3.1 RESEARCH PROCESS 23
- 3.2 PRIMARY RESEARCH 24
- 3.3 SECONDARY RESEARCH 25
- 3.4 MARKET SIZE ESTIMATION 25
- 3.5 TOP-DOWN AND BOTTOM-UP APPROACH 26
- 3.6 FORECAST MODEL 27
- 3.7 LIST OF ASSUMPTIONS & LIMITATIONS 28
4 MARKET DYNAMICS 29
- 4.1 INTRODUCTION 29
- 4.2 DRIVERS 30
- 4.2.1 INCREASING DEMAND FROM VARIOUS END-USE APPLICATIONS 30
- 4.2.2 EXTENSIVE USAGE AS A BINDER IN ADHESIVES FOR THE CONSTRUCTION INDUSTRY 32
- 4.3 RESTRAINTS 34
- 4.3.1 AVAILABILITY OF ALTERNATIVE SOLUTIONS 34
- 4.4 OPPORTUNITIES 35
- 4.4.1 OPPORTUNITY FOR THE MANUFACTURER TO EXPAND IN THE DEVELOPING REGION OF LATIN AMERICA,
THE MIDDLE EAST, AND AFRICA 35
- 4.5 CHALLENGES 36
- 4.5.1 FLUCTUATING COST OF GUM ROSIN IN THE MARKET 36
5 MARKET FACTOR ANALYSIS 38
- 5.1 SUPPLY CHAIN ANALYSIS 38
- 5.1.1 RAW MATERIAL SUPPLIERS 38
- 5.1.2 MANUFACTURERS 39
- 5.1.3 DISTRIBUTION & SALES CHANNEL 39
- 5.1.4 END USERS 39
- 5.2 PORTER'S FIVE FORCES ANALYSIS 40
- 5.2.1 THREAT OF NEW ENTRANTS 41
- 5.2.2 BARGAINING POWER OF SUPPLIERS 41
- 5.2.3 THREAT OF SUBSTITUTES 41
- 5.2.4 BARGAINING POWER OF BUYERS 42
- 5.2.5 INTENSITY OF RIVALRY 42
- 5.3 PRICING ANALYSIS, BY REGION (USD/TON) 2019-2030 42
- 5.4 IMPACT OF COVID-19 ON THE GLOBAL GUM ROSIN MARKET 43
- 5.4.1 IMPACT OF COVID-19 ON THE SUPPLY CHAIN OF GUM ROSIN MARKET 43
- 5.4.2 QUALITATIVE ANALYSIS OF CHANGES IN DEMAND FROM END-USERS 44
6 GLOBAL GUM ROSIN MARKET, BY TYPE 45
- 6.1 OVERVIEW 45
- 6.2 WW 47
- 6.3 WG 49
- 6.4 K 50
- 6.5 X 51
- 6.6 OTHERS 52
7 GLOBAL GUM ROSIN MARKET, BY APPLICATION 54
- 7.1 OVERVIEW 54
- 7.2 ADHESIVES & SEALANTS 57
- 7.3 RUBBER 58
- 7.4 PAINTS & COATINGS 59
- 7.5 PRINTING INKS 60
- 7.6 FOOD & BEVERAGE 61
- 7.7 OTHERS 62
8 GLOBAL GUM ROSIN MARKET, BY REGION 64
- 8.1 OVERVIEW 64
- 8.2 NORTH AMERICA 66
- 8.2.1 US 69
- 8.2.2 CANADA 71
- 8.3 EUROPE 74
- 8.3.1 GERMANY 77
- 8.3.2 UK 79
- 8.3.3 FRANCE 81
- 8.3.4 SPAIN 83
- 8.3.5 ITALY 85
- 8.3.6 RUSSIA 87
- 8.3.7 REST OF EUROPE 89
- 8.4 ASIA PACIFIC 91
- 8.4.1 CHINA 94
- 8.4.2 JAPAN 96
- 8.4.3 INDIA 98
- 8.4.4 SOUTH KOREA 100
- 8.4.5 AUSTRALIA & NEW ZEALAND 102
- 8.4.6 REST OF ASIA-PACIFIC 104
- 8.5 LATIN AMERICA 106
- 8.5.1 BRAZIL 109
- 8.5.2 MEXICO 111
- 8.5.3 ARGENTINA 113
- 8.5.4 REST OF LATIN AMERICA 115
- 8.6 MIDDLE EAST & AFRICA 117
- 8.6.1 GCC COUNTRIES 120
- 8.6.2 TURKEY 122
- 8.6.3 ISRAEL 124
- 8.6.4 SOUTH AFRICA 126
- 8.6.5 REST OF MIDDLE EAST & AFRICA 128
9 COMPETITIVE LANDSCAPE 130
- 9.1 COMPETITIVE OVERVIEW 130
- 9.2 KEY DEVELOPMENTS 130
- 9.3 GLOBAL MARKET STRATEGY ANALYSIS 130
- 9.4 COMPETITIVE BENCHMARKING 131
10 COMPANY PROFILES 132
- 10.1 WUZHOU PINE CHEMICALS LTD. 132
- 10.1.1 COMPANY OVERVIEW 132
- 10.1.2 FINANCIAL OVERVIEW 132
- 10.1.3 PRODUCTS OFFERED 132
- 10.1.4 KEY DEVELOPMENTS 132
- 10.1.5 SWOT ANALYSIS 133
- 10.1.6 KEY STRATEGIES 133
- 10.2 JINGGU FORESTRY CHEMICAL CO., LTD. 134
- 10.2.1 COMPANY OVERVIEW 134
- 10.2.2 FINANCIAL OVERVIEW 134
- 10.2.3 PRODUCTS OFFERED 134
- 10.2.4 KEY DEVELOPMENTS 134
- 10.2.5 SWOT ANALYSIS 135
- 10.2.6 KEY STRATEGIES 135
- 10.3 JIANGMEN XINHUI OVERSEAS CHINESE INDUSTRY DEVELOPMENT CO., LTD. 136
- 10.3.1 COMPANY OVERVIEW 136
- 10.3.2 FINANCIAL OVERVIEW 136
- 10.3.3 PRODUCTS OFFERED 136
- 10.3.4 KEY DEVELOPMENTS 136
- 10.3.5 SWOT ANALYSIS 137
- 10.3.6 KEY STRATEGIES 137
- 10.4 WUZHOU SUN SHINE FORESTRY AND CHEMICALS CO., LTD. 138
- 10.4.1 COMPANY OVERVIEW 138
- 10.4.2 FINANCIAL OVERVIEW 138
- 10.4.3 PRODUCTS OFFERED 138
- 10.4.4 KEY DEVELOPMENTS 138
- 10.4.5 SWOT ANALYSIS 139
- 10.4.6 KEY STRATEGIES 139
- 10.5 GRUPO RB 140
- 10.5.1 COMPANY OVERVIEW 140
- 10.5.2 FINANCIAL OVERVIEW 140
- 10.5.3 PRODUCTS OFFERED 140
- 10.5.4 KEY DEVELOPMENTS 140
- 10.5.5 SWOT ANALYSIS 141
- 10.5.6 KEY STRATEGIES 141
- 10.6 FORESTAR CHEMICAL CO., LTD. 142
- 10.6.1 COMPANY OVERVIEW 142
- 10.6.2 FINANCIAL OVERVIEW 142
- 10.6.3 PRODUCTS OFFERED 142
- 10.6.4 KEY DEVELOPMENTS 142
- 10.6.5 SWOT ANALYSIS 143
- 10.6.6 KEY STRATEGIES 143
- 10.7 PERUM PERHUTANI 144
- 10.7.1 COMPANY OVERVIEW 144
- 10.7.2 FINANCIAL OVERVIEW 145
- 10.7.3 PRODUCTS OFFERED 145
- 10.7.4 KEY DEVELOPMENTS 145
- 10.7.5 SWOT ANALYSIS 146
- 10.7.6 KEY STRATEGIES 146
- 10.8 PT. NAVAL OVERSEAS 147
- 10.8.1 COMPANY OVERVIEW 147
- 10.8.2 FINANCIAL OVERVIEW 147
- 10.8.3 PRODUCTS OFFERED 147
- 10.8.4 KEY DEVELOPMENTS 147
- 10.8.5 SWOT ANALYSIS 148
- 10.8.6 KEY STRATEGIES 148
- 10.9 PUNJAB ROSIN AND CHEMICALS WORK 149
- 10.9.1 COMPANY OVERVIEW 149
- 10.9.2 FINANCIAL OVERVIEW 149
- 10.9.3 PRODUCTS OFFERED 149
- 10.9.4 KEY DEVELOPMENTS 149
- 10.9.5 SWOT ANALYSIS 150
- 10.9.6 KEY STRATEGIES 150
- 10.10 PINOPINE 151
- 10.10.1 COMPANY OVERVIEW 151
- 10.10.2 FINANCIAL OVERVIEW 151
- 10.10.3 PRODUCTS OFFERED 151
- 10.10.4 KEY DEVELOPMENTS 151
- 10.10.5 SWOT ANALYSIS 152
- 10.10.6 KEY STRATEGIES 152
11 APPENDIX 153