Ester Gum Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| 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 market for ester gum is expected to grow at a CAGR of more than 8% during the forecast period. Growing demand from paints, coatings, and inks is driving the demand of the market studied. However, stringent regulations regarding usage in some industries is expected to hinder the market growth. Asia-pacific dominated the market with a significant share and is estimated to continue its dominance during the forecast period.
Ester Gum Market Trends
This section covers the major market trends shaping the Ester Gum Market according to our research experts:
Increasing demand from Food and Beverage Sector
Ester gum has gained a significant position in the beverage industry and is gaining more importance with the continuously rising demand across the globe. Glycerol esters of rosin are used as weighting agents in the beverages primarily which contain citrus. Such drinks include carbonated soft drinks and sports drinks. The commonly used types of esters for these applications include glycerol ester of gum rosin and glycerol ester of wood rosin. The growing focus for health and wellness, in addition to the convenience provided great opportunities for differentiation, is driving the non-alcoholic beverage industry globally, which in turn, is expected to boost the ester gum market in the coming years.
Asia-Pacific to Witness Fastest growth
Asia-Pacific is one of the major markets for ester gum, with China holding the majority of the regional market share. Increasing demand from various end-user industries primarily Paints, Inks & Coatings and cosmetics market are boosting the demand. The region is also expected to witness a high growth rate during the forecast period. China is witnessing a huge demand for chewing gum, beverages and cosmetics & personal care products in the country. Furthermore, India is another key region propelling the demand for ester gums in paints and adhesives applications. Robust growth in the construction sector is the major positive factor for this growth. Additionally, increasing focus on environmentally friendly products for cosmetic applications is another boosting factor for the ester gum market.
Ester Gum Industry Overview
The market studied is consolidated among the major players. Some of the key players in the market include DRT, Eastman Chemical Company., Jubilant, and Arakawa Chemical Industries,Ltd., among others.
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.
*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 Drivers
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4.1.1 Increasing demand for Paints and Coatings
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Srtingent Regulations
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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 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 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 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 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 United Kingdom
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5.3.3.2 France
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5.3.3.3 Germany
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5.3.3.4 Italy
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5.3.3.5 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 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 South Africa
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5.3.5.2 Saudi Arabia
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5.3.5.3 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 Towards Bio-based Products
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Ester Gum Industry Segmentation
The ester gum market report includes:
| Type | |
| Polymerized Rosins of Glycerol Ester (PRGE) | |
| Glycerol Esters of Wood Rosin (GEWR) | |
| Glycerol Esters of Gum Rosins (GEGR) | |
| Penta Ester Gum | |
| Other Types |
| Application | |
| Chewing Gum | |
| Food and Beverages | |
| Paints, Inks and Coatings | |
| Adhesives | |
| Cosmetics | |
| Other Applications |
| Geography | |||||||
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Ester Gum Market Research FAQs
What is the current Ester Gum Market size?
The Ester Gum Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Ester Gum Market?
DRT, Eastman Chemical Company, Jubilant and Arakawa Chemical Industries,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?
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.
