Ester Gum Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 323.23 Million |
| Market Size (2029) | USD 439.12 Million |
| CAGR (2024 - 2029) | 6.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ester Gum Market Analysis
The Ester Gum Market size is estimated at USD 323.23 million in 2024, and is expected to reach USD 439.12 million by 2029, growing at a CAGR of 6.32% during the forecast period (2024-2029).
- Growing demand for paints, coatings, and inks, along with increasing demand for organic gums, are expected to drive the market's growth.
- On the flip side, stringent environmental regulations imposed by regulatory authorities on the use of adhesives that are high in VOCs are expected to hinder the market’s growth.
- Nevertheless, the increasing focus on bio-based products is likely to create lucrative growth opportunities for the global market in the coming years.
- Asia-Pacific dominated the market with a significant share, and it is estimated that it will continue to grow faster during the forecast period.
Ester Gum Market Trends
Increasing Demand from Paints, Inks, and Coatings Sectors Driving Growth
- Ester gum has gained a significant position in paints, inks, and coatings and is becoming more important with the continuously rising global demand.
- In the realm of paints and coatings, ester gums play a pivotal role as resin modifiers, enhancing crucial aspects such as adhesion to surfaces, improving the smoothness and evenness of coatings through better flow and leveling, contributing to the formation of a coherent and continuous film for durability, controlling viscosity to facilitate easy application, and influencing binder properties for optimal performance in diverse paint applications.
- Ester gums are also crucial in the ink industry by enhancing adhesion, influencing flow and viscosity, providing tackiness, contributing to film formation, and modifying binder properties. Thus, they are essential additives in ink formulations for various printing applications.
- In the ink industry, glycerol ester gum is commonly used. Glycerol ester gum is formed through the esterification of gum rosin with glycerol esters. This type of ester gum is valued for its adhesive properties, which contribute to improved adhesion of ink to surfaces, as well as its impact on flow and tackiness, making it suitable for various printing applications.
- According to the American Coatings Association, the paint and coatings industry in the United States was predicted to reach a production volume of 1,308 million gallons in 2023 and 1,344 million gallons by 2024.
- Similarly, as per the US Census Bureau, the paint and coating manufacturing revenue in the United States was valued at USD 29.52 billion in 2022, registering growth compared to USD 29.36 billion in the previous year.
- According to the Federal Statistical Office (a federal authority of Germany), the industry revenue of paints, varnishes, and similar coatings is forecasted to reach USD 1.29 billion by 2025.
- In gravure ink production, glycerol ester gum serves as a crucial resin modifier, enhancing adhesion, controlling viscosity, and providing tackiness to ensure durable, high-quality prints with smooth and consistent ink flow during the printing process.
- According to the Ministry of Economy, Trade and Industry, the production volume of gravure inks in Japan reached 123.63 thousand metric tons, representing the largest production volume of printing inks in 2022.
- Due to the factors mentioned above, the market for ester gum in the paints, inks, and coatings segment is likely to grow over the forecast period.
Asia-Pacific to Witness Fastest Growth
- Asia-Pacific is a significant market for ester gum, with China holding the majority of the regional market share. The region is also expected to grow at a steady rate during the forecast period.
- China is experiencing massive demand for chewing gum, beverages, cosmetics, and personal care products. According to the National Bureau of Statistics of China, the food and drink service industry revenue in China amounted to CNY 5.3 trillion (~USD 743 billion) in 2023, registering a 20.4% growth compared to the previous year.
- The India Brand Equity Foundation stated that by 2025, India's processed food sector is anticipated to reach USD 470 billion. According to the Union Budget for FY 2022-23, the Department of Food and Public Distribution received a budget of INR 215,960 crores (USD 27.82 billion), reflecting the expanding food and beverage sector.
- India is another key region driving demand for ester gums in paint and adhesive applications. According to the Department for Promotion of Industry and Internal Trade, the export value of paint and allied products in India reached INR 16.2 billion (USD 0.20 billion) in 2022.
- The adhesive industry has significant and widespread use of ester gums. With their adhesive and binding properties, ester gums play a crucial role in various adhesive formulations used in sectors such as construction, packaging, automotive, and general manufacturing.
- Ester gums contribute to the bonding characteristics of adhesives, providing strength and durability in bonded materials. While other industries also utilize ester gums, the adhesive industry stands out as one where their usage is pervasive.
- According to the Ministry of Land, Infrastructure, Transport, and Tourism, total investment in construction in Japan in the fiscal year 2022 reached JPY 68.8 trillion (~USD 521.6 billion), showing growth compared to the previous year.
Ester Gum Industry Overview
The market studied is consolidated among major players. Some of the key players in the market include (in no particular order) DRT, Eastman Chemical Company, Jubilant, and Arakawa Chemical Industries Ltd.
Ester Gum Market Leaders
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DRT
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Eastman Chemical Company
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Jubilant
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Arakawa Chemical Industries,Ltd.
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Foshan Baolin Chemical Industry Co., Ltd
*Disclaimer: Major Players sorted in no particular order
Ester Gum Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.1.1 Increasing Demand for Paints and Coatings
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4.1.2 Increasing Demand for Organic Gums
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4.1.3 Other Drivers
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4.2 Market Restraints
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4.2.1 Stringent Environmental Regulations
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4.2.2 Other Market Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Polymerized Rosins of Glycerol Ester (PRGE)
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5.1.2 Glycerol Esters of Wood Rosin (GEWR)
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5.1.3 Glycerol Esters of Gum Rosins (GEGR)
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5.1.4 Penta Ester Gum
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5.1.5 Other Types
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5.2 By Application
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5.2.1 Chewing Gum
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5.2.2 Food and Beverages
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5.2.3 Paints, Inks, and Coatings
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5.2.4 Adhesives
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5.2.5 Cosmetics
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5.2.6 Other Applications
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5.3 By Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Malaysia
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5.3.1.6 Thailand
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5.3.1.7 Indonesia
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5.3.1.8 Vietnam
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5.3.1.9 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Spain
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5.3.3.6 Nordic
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5.3.3.7 Turkey
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5.3.3.8 Russia
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5.3.3.9 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Colombia
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5.3.4.4 Rest of South America
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5.3.5 Middle East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Nigeria
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5.3.5.4 Qatar
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5.3.5.5 Egypt
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5.3.5.6 United Arab Emirates
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5.3.5.7 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 DRT
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6.4.2 Arakawa Chemical Industries Ltd
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6.4.3 Eastman Chemical Company
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6.4.4 Foshan Baolin Chemical Industry Co. Ltd
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6.4.5 Jubilant
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6.4.6 Mangalam Organics Limited
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6.4.7 PT. INDOPICRI
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6.4.8 Shree Resins
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6.4.9 The Cary Company
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6.4.10 Uniform Synthetics
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Focus Toward Bio-based Products
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Ester Gum Industry Segmentation
Ester gum is a resin produced through the esterification of esters with gum rosin. This substance is formed by combining esters, which are chemical compounds, with gum rosin, a natural resin obtained from pine trees. Ester gum possesses adhesive and binding properties, making it valuable in industrial applications. While its detailed uses can differ across sectors, the fundamental nature of ester gum involves its formation through the chemical reaction of esters and gum rosin.
The ester gum market is segmented by type, application, and geography. By type, the market is segmented into polymerized rosins of glycerol ester, glycerol esters of wood rosin, glycerol esters of gum rosins, penta ester gum, and other types (polyol ester gum, maleic ester gum, and others). By application, the market is segmented into chewing gum, food and beverages, paints, inks and coatings, adhesives, cosmetics, and other applications (sealants, textiles, and other applications). The report also covers the market size and forecasts in 27 countries across major regions. For each segment, market sizing and forecasts are provided based on value (USD).
| By Type | |
| Polymerized Rosins of Glycerol Ester (PRGE) | |
| Glycerol Esters of Wood Rosin (GEWR) | |
| Glycerol Esters of Gum Rosins (GEGR) | |
| Penta Ester Gum | |
| Other Types |
| By Application | |
| Chewing Gum | |
| Food and Beverages | |
| Paints, Inks, and Coatings | |
| Adhesives | |
| Cosmetics | |
| Other Applications |
| By Geography | |||||||||||
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Ester Gum Market Research FAQs
How big is the Ester Gum Market?
The Ester Gum Market size is expected to reach USD 323.23 million in 2024 and grow at a CAGR of 6.32% to reach USD 439.12 million by 2029.
What is the current Ester Gum Market size?
In 2024, the Ester Gum Market size is expected to reach USD 323.23 million.
Who are the key players in Ester Gum Market?
DRT, Eastman Chemical Company, Jubilant, Arakawa Chemical Industries,Ltd. and Foshan Baolin Chemical Industry Co., Ltd are the major companies operating in the Ester Gum Market.
Which is the fastest growing region in Ester Gum Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ester Gum Market?
In 2024, the Asia Pacific accounts for the largest market share in Ester Gum Market.
What years does this Ester Gum Market cover, and what was the market size in 2023?
In 2023, the Ester Gum Market size was estimated at USD 302.80 million. The report covers the Ester Gum Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ester Gum Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ester Gum Industry Report
Statistics for the 2024 Ester Gum market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ester Gum analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Ester Gum Market Report Snapshots
