Rosin Market 2021 Comprehensive Insights – Eastman Chemical Company, Foreverest Resources Ltd, Henan Haofei Chemical Co. Ltd, GC RUTTEMAN & Co. BV, and Harima Chemicals Group Inc

The “Rosin Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The rosin market is expected to witness a CAGR of about 4%, globally, during the forecast period (2020 - 2025).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Rosin market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Rosin Market: Eastman Chemical Company, Foreverest Resources Ltd, Henan Haofei Chemical Co. Ltd, GC RUTTEMAN & Co. BV, and Harima Chemicals Group Inc., among others.

Click the link to get a free Sample Copy of the Report: (Flat 25%)

https://www.marketinsightsreports.com/reports/10192356213/rosin-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=XII

Key Market Trends

Growing Demand for Gum Rosin

- Gum rosin is widely used in adhesives, and it is expected to be the fastest-growing market during the forecast period.

- It accounts for a major market share of over 60% of the total rosins market. It is harvested from pine trees by periodically wounding the tree and collecting the sap. Gum rosin is sourced from a variety of pine species in China, Brazil, India, Indonesia, and other countries.

- Gum rosins are unsaturated and often are unstable. Through esterification, hydrogenation, and polymerization, the products rosin resins, rosin esters, modified ester rosins, and modified phenolic resins are produced. These are often termed as rosin derivatives and have the same purpose as rosins.

- Adhesives made using gum rosin resins have superior characteristics, like excellent durability, thermal stability, greater polarity, and superior hot tack. With the growing demand from adhesives and printing inks, the gum rosin products are expected to influence the market during the forecast period.

Asia-Pacific to Dominate the Market

- Asia-Pacific is expected to dominate the market for the rosin market, during the forecast period, due to an increase in demand from countries, like China, and India.

- Rosins are used in the production of hot-melt, pressure-sensitive, and rubber adhesives, which are predominantly used in the construction, packaging, and automotive industry. Indias packaging industry is the fifth-largest in the world and is growing at about 22-25% per year, as per the Plastics Industry Association of India. Costs of packaging and processes food can be 40% lower than Europe because of highly skilled labor and cheap labor costs. The growing population and increasing demand for packaging are expected to drive the market.

- In paints and varnishes, rosin is used in the formulation of road markings and other industrial coatings, to meet the requirements and reduce residual solvent emissions. The Indian government has allocated USD 14.11 billion for railway infrastructure development, and suggested that USD 750 billion should be invested in the railway and USD 12.03 billion in roadways over the next five years. The growing infrastructure, to meet the growing population needs, is expected to drive the market for rosins during the forecast period.

- China is the leading manufacture of gum rosin, with more than 60% of the total worlds gum rosin production and the largest consumer, globally. Additionally, printing ink in China typically contains about 7% of rosin. Moreover, according to the National Development and Reform Commission of China, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019, which are expected to be completed by 2023.

- The aforementioned factors, coupled with government support, are contributing to the increasing demand for the rosin market in Asia-Pacific, during the forecast period.

For a comprehensive understanding of market dynamics, the global Rosin market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Ask for TOC and Report Description:

https://www.marketinsightsreports.com/reports/10192356213/rosin-market-growth-trends-and-forecasts-2020-2025?Mode=XII

Influence of the Rosin market report:

-Comprehensive assessment of all opportunities and risks in the Rosin market.

–Rosin market recent innovations and major events.

-Detailed study of business strategies for growth of the Rosin market-leading players.

-Conclusive study about the growth plot of Rosin market for forthcoming years.

-In-depth understanding of Rosin market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Rosin market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Rosin Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

We also offer customization on reports based on specific client requirement:

1- Free country level analysis for any 5 countries of your choice.
2- Free competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points

Media Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.