Gum Rosin Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 655.45 kilotons |
| Market Volume (2029) | 800.53 kilotons |
| CAGR (2024 - 2029) | 4.08 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gum Rosin Market Analysis
The Gum Rosin Market size is estimated at 655.45 kilotons in 2024, and is expected to reach 800.53 kilotons by 2029, growing at a CAGR of 4.08% during the forecast period (2024-2029).
- The gum rosin market was negatively impacted by the COVID-19 pandemic. However, the market recovered significantly after the pandemic, owing to rising applications in adhesives, sealants, printing inks, and others.
- The growing demand for bio-based adhesives and sealants and the burgeoning paper packaging industry are likely to be the main drivers of the gum rosin market's growth over the medium term.
- On the flip side, the shift of interest toward tall oil rosin-based phenolic resins is expected to limit the growth of the gum rosin market.
- Nevertheless, growth in demand for anti-slip agents for floors in stadiums and emerging applications in the pharmaceutical industry are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific region is expected to account for the largest share of the market over the forecast period, owing to the huge consumption from countries such as China, India, and Japan.
Gum Rosin Market Trends
The Adhesives and Sealants Segment is Expected to Dominate the Market
- For decades, gum rosin has become one of the vital components of the adhesives and sealants industry value chain, as it serves as an excellent tackifier for adhesives.
- Gum rosin is widely used as an ingredient for heat-melt adhesives, pressure-sensitive adhesives, and rubber adhesives. This rosin is mainly used to enhance the strength, plasticity, and viscosity of adhesives.
- Adhesives are essential components of shoes, automobiles, cartons, furniture, non-woven fabrics, and a host of other products. Adhesives and sealants have applications in numerous industries, including construction, pharmaceutical, packaging, and others.
- According to Oxford Economics, the global construction industry is expected to reach USD 13.3 trillion by 2025 - adding USD 2.6 trillion to output in five years from 2020. China, India, the United States, and Indonesia are expected to record significant growth in the construction industry in the coming years. China alone will account for 26.1% of global growth. India is expected to account for 14.1% and the United States for 11.1%, while Indonesia is expected to account for 7.0% of global growth.
- According to the United States Census Bureau, the value of commercial construction in the year 2022 in the country was USD 114.79 billion, registering a growth rate of 21.4% compared to the previous year.
- The gum rosin industry seeks to identify collaboration opportunities and build partnerships with the adhesives and sealants industry, as food and packaging safety is of concern to adhesives and sealants manufacturers worldwide.
- China is the world's largest packaging consumer across the world owing to the factors such as growing per capita income, coupled with rising e-commerce giants in the country. India's packaging industry is the fifth-largest in the world, and it is growing at about 22-25% per year, as per the Plastics Industry Association of India. Costs of packaging and processing food can be 40% lower than in Europe because of highly skilled labor and cheap labor costs.
- According to the Packaging Industry Association of India (PIAI), the Indian packaging industry is expected to grow at a rate of 22% during the forecast period. Moreover, the Indian packaging market is expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% between 2020 and 2025.
- With increasing concerns related to environmental pollution and the ability to tailor gum rosin resin according to the desired properties of adhesives, the applications of bio-based adhesives and sealants are likely to increase the market demand for gum rosin in the coming years.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the gum rosin market during the forecast period due to the fast-growing automotive sector and the rise in construction activities in China and India.
- In 2022, according to the World Paint & Coatings Industry Association, the Asia-Pacific paints and coatings industry was estimated to be worth USD 63 billion. China dominated the region's market, which is growing at a CAGR of 5.8%. In 2022, the Chinese market is expected to have grown by 5.7%. According to current trends, China's total sales of paints and coatings exceeded USD 45 billion in 2022. In East Asia, the country had the largest market share of 78%.
- India is the fourth-largest consumer of rubber in the world as of 2022. Rubber usage per capita in India is currently 1.2 kilograms, compared to 3.2 kilograms globally. The rubber industry in India generates revenue of approximately INR 12,000 crores (~USD 1.4 billion).
- In automobile industries, gum rosin is used in the manufacturing of coatings and paints as they can easily dissolve in organic solvents, including gasoline, turpentine, alcohol, and others. According to the China Association of Automobile Manufacturers (CAAM), China has the largest automotive production base in the world, with a total vehicle production of 27 million units in 2022, registering an increase of 3.4 % compared to 26 million units produced last year. Further, in the first 7 months of 2022, the country has produced 14.57 million units of cars, registering a growth rate of 31.5% Year on Year.
- In the construction industry, gum rosin is mainly used as a concrete frothing agent and floor-tiling adhesive. The Indian government has been actively boosting housing construction, as it aims to provide houses to about 1.3 billion people. The country is likely to witness around USD 1.3 trillion of investment in housing over the next seven years, to witness the construction of 60 million new houses in the country. The availability of affordable housing in the country is expected to increase by around 70% by 2024.
- The aforementioned factors are likely to increase the demand for gum rosin during the forecast period.
Gum Rosin Industry Overview
The global gum rosin market is highly fragmented in nature. The major players include Guangxi Dinghong Resin Co. Ltd, Finjet chemical industries, Foreverest Resources Ltd, Arakawa Chemical Industries Ltd, and DRT, among others (not in any particular order).
Gum Rosin Market Leaders
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Guangxi Dinghong Resin Co.,Ltd.
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Foreverest Resources Ltd.
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Arakawa Chemical Industries,Ltd.
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Finjet chemical industries
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DRT
*Disclaimer: Major Players sorted in no particular order
Gum Rosin Market News
Recent developments pertaining to the market studied will be covered in the complete report.
Gum Rosin Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for Bio-based Adhesives and Sealants
4.1.2 Burgeoning Paper Packaging Industry
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Shift of Interest toward Tall Oil Rosin-based Phenolic Resins
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Paper Sizing
5.1.2 Printing Ink
5.1.3 Adhesives and Sealants
5.1.4 Rubber
5.1.5 Paints and Coatings
5.1.6 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Arakawa Chemical Industries Ltd
6.4.2 DRT (Dérivés Résiniques et Terpéniques)
6.4.3 Finjetchemical Co. Ltd
6.4.4 Forestar Chemical Co. Ltd
6.4.5 Foreverest Resources Ltd
6.4.6 Guangxi Dinghong Resin Co. Ltd
6.4.7 Guangxi Tone Resin Chemical Co. Ltd
6.4.8 Harima Chemicals Group Inc.
6.4.9 Kemipex
6.4.10 KH Chemicals
6.4.11 Novotrade Invest AS
6.4.12 PT INDOPICRI ( Indonesia Pine Chemical Industri )
6.4.13 Silver Fern Chemical Inc.
6.4.14 United Resins
6.4.15 Wuzhou Sun Shine Forestry and Chemicals Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growth in Demand for Anti-slip Agents for Floors in Stadiums
7.2 Emerging Applications in the Pharmaceutical Industry
Gum Rosin Industry Segmentation
Gum Rosin, a solid form of resin, also known as rosin or colophony, is collected from pines and other plants, usually conifers, and is created by heating fresh liquid resin to vaporize the volatile liquid terpene components. The manufacturing of soaps, varnishes, sealing wax, printing inks, driers, paper sizing, adhesives, binders, soldering fluxes, gloss oils for paintings, and pitch for barrels are some of the main uses for gum rosin and the chemically derived products that it yields. The flooring of studios and stages, the bows of violins and other stringed instruments, as well as the shoes used by dancers all have rosin applied to avoid slipping.
The gum rosin market report is segmented by application and geography. By application, the market is segmented into paper sizing, printing ink, adhesive and sealants, paints and coatings, and other applications. The report also covers the market size and forecasts for the gum rosin market in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Application | |
| Paper Sizing | |
| Printing Ink | |
| Adhesives and Sealants | |
| Rubber | |
| Paints and Coatings | |
| Other Applications |
| Geography | |||||||
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Gum Rosin Market Research FAQs
How big is the Gum Rosin Market?
The Gum Rosin Market size is expected to reach 655.45 kilotons in 2024 and grow at a CAGR of 4.08% to reach 800.53 kilotons by 2029.
What is the current Gum Rosin Market size?
In 2024, the Gum Rosin Market size is expected to reach 655.45 kilotons.
Who are the key players in Gum Rosin Market?
Guangxi Dinghong Resin Co.,Ltd. , Foreverest Resources Ltd. , Arakawa Chemical Industries,Ltd., Finjet chemical industries and DRT are the major companies operating in the Gum Rosin Market.
Which is the fastest growing region in Gum Rosin Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Gum Rosin Market?
In 2024, the Asia Pacific accounts for the largest market share in Gum Rosin Market.
What years does this Gum Rosin Market cover, and what was the market size in 2023?
In 2023, the Gum Rosin Market size was estimated at 629.76 kilotons. The report covers the Gum Rosin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gum Rosin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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