How will the Growth Unfold for Gum Rosin Market Leaders: Wuzhou Pine Chemicals Ltd., PT. Naval Overseas
Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin 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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As per the FMI analysis, broader factors, such as resurgence in economies and increasing disposable income, have levied pressure on multiple end-use industries for boosting their production capabilities with no compromise in terms of quality. Ever-evolving demand for high-performance intermediates, including adhesives, coatings, and rubber, from multiple industrial verticals is accelerating the growth of gum rosin market.
According to the FMI research study, manufacturers are eyeing emerging economies brimming with opportunities for gum rosins on account of hefty investments in the production of pine chemicals. Moreover, in Asian & African countries, the process of extraction and distillation of pine chemicals is relatively economical, creating profit-making opportunities for the manufacturers of gum rosins.
According to the FMI analysis, end-users will prefer WW grade of gum rosins over other types, with global sales estimated to surpass 300 KT in 2019. High consumer propensity for WW grade of gum rosins can be attributed to its superlative quality and workability in case of core applications such as synthetic rubber and adhesives. WG grade is likely to trail the former on account of surging demand for binding materials of superior quality.
The report finds that demand for gum rosins will continue to remain buoyant in printing ink and adhesive applications, with global sales collectively exceeding 400 KT collectively in 2019. The demand for gum rosins as a base material in case of printing inks and adhesives remains unabated, driving revenue growth of the gum rosin market. The demand for gum rosins in paints & coatings is foreseen to significantly take off and not likely to slow down anytime soon, finds the report.
The manufacturers of gum rosins are focusing on novel production technologies facilitating higher production yields of optimal quality while curbing the environmental footprint. Subsequently, manufacturers operating in the gum rosin market are resorting to advanced analytical processes, such as gas chromatography and mass spectrometry, for production of high-quality gum rosins.
East Asia will retain its lucrativeness for the manufactures of gum rosins, with China spearheading demand. China has been a key producer as well as consumer of gum rosins, driven by incessant growth of application-based industries in the region, such as printing inks, synthetic rubber, adhesives, and paper sizing. Large gum rosin manufacturing bases across countries such as Indonesia, China, and Brazil are participating in high-volume exports to other countries, which is a key aspect assisting expansion of gum rosin market in these regions.
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As per the FMI study, notable R&D investments are being made by leading participants of the gum rosin market for achieving high production volumes and enhanced ROI benefits. Multiple research activities and initiatives are underway for introducing genetic modifications in the pine trees, which would enable increased flow of resins in the trees. Such innovative and advanced approaches are anticipated to fuel seamless production of high quality gum rosins, projecting an optimistic outlook for gum rosin market over the forecast timeline.
Gum Rosin Market Reports - Table of Contents
1. Executive Summary
Global Market Outlook
Demand Side Trends
Supply Side Trends
Analysis and Recommendations
Wheel of Fortune
2. Market Overview
Market Coverage / Taxonomy
Market Definition / Scope / Limitations
3. Key Market Trends
Key Trends Impacting the Market
Pine Tapping Technologies Development
4. Global Gum Rosin Market Demand Analysis 2013-2017 and Forecast, 2018-2028
Historical Market Volume (KT) Analysis, 2013-2017
Current and Future Market Volume (KT) Projections, 2018-2028
Y-o-Y Growth Trend Analysis
5. Global Gum Rosin Market - Pricing Analysis
Regional Pricing Analysis
Global Average Pricing Analysis Benchmark
6. Global Gum Rosin Market Demand (in Value or Size in US$ Mn) Analysis 2013-2017 and Forecast, 2018-2028
Historical Market Value (US$ Mn) Analysis, 2013-2017
Current and Future Market Value (US$ Mn) Projections, 2018-2028
Y-o-Y Growth Trend Analysis
Absolute $ Opportunity Analysis
7. Market Background
Global GDP Growth Outlook
Global Paints & Coatings Industry Outlook
Global Hot Melt Adhesives Market Outlook
Forecast Factors - Relevance & Impact
Top Companies Historical Growth
Global Chemical Industry Outlook
Global Urbanization Growth Outlook
Global Pine Chemicals Industry Outlook
Global Rubber Industry Outlook
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