Dammar Gum Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Dammar Gum Market Size
The global Dammar Gum market was valued at US$ 506 million in 2023 and is anticipated to reach US$ 611.3 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.

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Dammar Gum Market
Dammar gum is a resin mostly found in India and East Asian countries. Dammar gum is also known as Dammar or Damar gum. Dammar gum is a dried exudate derived from Dipterocarpaceae family trees, by tapping the trees or collected in the form of fossil from the ground. The content of the dammar gum is triterpenoid resins and its oxidation products such as dammarane, oleaonic acid, oleanane, and dammarenolic acid. Due to its clouding, glazing, stabilizing, and other properties it finds uses in industries such as food, paint, ink, varnish, and lacquer. Dammar gum resin is used in incense industry because it emits light lemony scent.
North American market for Dammar Gum is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Dammar Gum is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Dammar Gum include Willy Benecke, Sennelier, Bandish Enterprises, Nexira Inc, Starlight and PT Samiraschem Indonesia, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Dammar Gum, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Dammar Gum.
Report Scope
The Dammar Gum market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Dammar Gum market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Dammar Gum manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Segment by Type

• Food Grade
• Industrial Grade

Segment by Application
• Food and Drinks
• Paint Industry
• Incense Industry
• Others

By Company
Willy Benecke, Sennelier, Bandish Enterprises, Nexira Inc, Starlight, PT Samiraschem Indonesia

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