Press release
Gum Rosin Market is expected to reach USD 2.16 Billion by 2030: Cognitive Market Research
Gum Rosin Market is expected to reach USD 2.16 Billion by 2030: Cognitive Market Research
Gum rosin, also referred to as colophony, is a naturally occurring bio-based substance that contains various rosin acids. Its appearance ranges from yellow to black, and it has a semi-transparent quality. When exposed to high temperatures, gum rosin becomes sticky and emits a pine-like fragrance. It is derived from the solid form of pine oleoresin, primarily obtained through the process of pine tapping. Colophony is a significant pine chemical produced for commercial purposes. Through chemical extraction, rosin is converted into liquid resin, and the remaining residue is obtained after the volatile components evaporate.
Summary:
The Global Gum Rosin market was valued at USD 1.47 Billion in 2022 and is projected to reach USD 2.16 Billion by 2030, registering a CAGR of 5.4% for the forecast period 2023-2030.
Market Dynamics:
• Increasing demand from end-use industries significantly boosts the gum rosin market growth
Gum rosin finds extensive applications in a wide range of industries such as pharmaceuticals, food & beverages, construction, and others. Gum rosin is a key ingredient in the formulation of adhesives and sealants. It provides tackiness, bonding strength, and flexibility to these products. With the growth of industries such as construction, automotive, and packaging, the demand for adhesives and sealants is rising. Consequently, the gum rosin market has witnessed increased demand as a raw material for adhesive and sealant production. The growth of these industries directly contributes to the demand for gum rosin. As these industries expand the increasing demand for gum rosin drives market growth.
• Rising demand for printing inks anticipatedly drives the gum rosin market growth (Available on- https://www.cognitivemarketresearch.com/gum-rosin-market-report)
Market Segmentation:
Product Type:
• WW-Type
• WG-Type
• N-Type
• X-Type
Application:
• Paper
• Paints & Coatings
• Soap
• Printing Ink
• Adhesives
• Rubber
• Others
End Use:
• Food & Beverages
• Construction
• Pharmaceuticals
• Others
Get free sample pages of latest published Gum Rosin Market Report: https://www.cognitivemarketresearch.com/gum-rosin-market-report#request_sample
Competitive Analysis for Gum Rosin Market:
• Chuxiong Hongbang
• Forestar Chemical
• Punjab Rosin and Chemicals Works
• EURO-YSER
• Hualin Chemical
• M/s Suraj Paint & Varnish Industries
• Guangdong KOMO
• Guilin Songquan Forest Chemical
• Jinggu Forestry Chemical
• Wuzhou Sun Shine Forestry & Chemicals Co.Ltd
• Resin Chemicals
• PT. Naval Overseas
• Others (Available on- https://www.cognitivemarketresearch.com/gum-rosin-market-report)
Regional Analysis:
In 2022, Asia Pacific dominated the gum rosin market, owing to being the leading global producer and consumer of gum rosin. Countries such as China, Indonesia, Vietnam, and India possess substantial production capacities for gum rosin. The region's robust demand is from diverse industries such as adhesives, coatings, printing inks, and rubber. The rapid industrialization, infrastructure development, and economic progress in China and India have played a pivotal role in fueling the market's expansion within the region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Gum Rosin Market
• 3.1 Global Gum Rosin Market Size 2018 - 2030, (USD Million)
• 3.2 Global Gum Rosin Value, Absolute & Opportunity Analysis
• 3.3 Global Gum Rosin Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Gum Rosin Market Statistics 2022: Snapshot
Chapter 4 Global Gum Rosin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Gum Rosin Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Gum Rosin Industry Mergers and Acquisition Analysis
• 5.3 Global Gum Rosin New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Gum Rosin Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Gum Rosin Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global Gum Rosin Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Gum Rosin Market by End Use Segmentation Analysis (2018-2030)
Chapter 12 Global Gum Rosin Market Regional Analysis
Chapter 13 North America Gum Rosin Market Outlook (2018 - 2030)
Chapter 14 Europe Gum Rosin Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Gum Rosin Market Outlook (2018 - 2030)
Chapter 16 Latin America Gum Rosin Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Gum Rosin Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more the Gum Rosin Market TOC click here: https://www.cognitivemarketresearch.com/gum-rosin-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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