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Gum Rosin Market Size (2024 - 2029)

The gum rosin market is projected to experience growth over the forecast period, driven by increasing applications in sectors such as adhesives, sealants, and printing inks. The market's expansion is supported by the rising demand for bio-based products and the growing paper packaging industry. Despite challenges posed by a shift towards alternative resin types, opportunities are anticipated in the pharmaceutical sector and for anti-slip agents in sports venues. The Asia-Pacific region is expected to dominate the market share, fueled by significant consumption in countries like China, India, and Japan.

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Market Size of Gum Rosin Industry

Gum Rosin Market Summary
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

Gum Rosin Market 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 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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Gum Rosin Market Size Summary

The gum rosin market is poised for steady growth over the forecast period, driven by its integral role in the adhesives and sealants industry. As a key tackifier, gum rosin enhances the strength, plasticity, and viscosity of various adhesives, making it essential for applications in shoes, automobiles, cartons, furniture, and non-woven fabrics. The market's recovery post-COVID-19 is attributed to increased demand in sectors such as construction, pharmaceuticals, and packaging. The burgeoning paper packaging industry and the rising demand for bio-based adhesives and sealants are significant growth drivers. However, the market faces challenges from the shift towards tall oil rosin-based phenolic resins, which could limit its expansion. Despite these challenges, emerging applications in the pharmaceutical industry and the demand for anti-slip agents in stadiums present lucrative opportunities for market growth.

The Asia-Pacific region is expected to dominate the gum rosin market, fueled by substantial consumption in China, India, and Japan. The region's growth is supported by the fast-expanding automotive sector and increased construction activities, particularly in China and India. The Indian packaging industry, one of the largest globally, is experiencing rapid growth, further boosting the demand for gum rosin. Additionally, the gum rosin industry is exploring collaboration opportunities with the adhesives and sealants sector to address food and packaging safety concerns. The market is characterized by its fragmented nature, with key players including Guangxi Dinghong Resin Co. Ltd, Finjet Chemical Industries, Foreverest Resources Ltd, Arakawa Chemical Industries Ltd, and DRT. These companies are pivotal in shaping the market dynamics and responding to the evolving demands across various industries.

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Gum Rosin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Bio-based Adhesives and Sealants

      2. 1.1.2 Burgeoning Paper Packaging Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Shift of Interest toward Tall Oil Rosin-based Phenolic Resins

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Application

      1. 2.1.1 Paper Sizing

      2. 2.1.2 Printing Ink

      3. 2.1.3 Adhesives and Sealants

      4. 2.1.4 Rubber

      5. 2.1.5 Paints and Coatings

      6. 2.1.6 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Gum Rosin Market Size FAQs

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.

In 2024, the Gum Rosin Market size is expected to reach 655.45 kilotons.

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