Gum Rosin Market is Estimated to Cross US$ US$ 1.97 Bn by the End of 2028

Gum Rosin Market is Expected to Reach US$ 1.97 Bn by
the End of 2028
February 2019
Report Id : REP-GB-8949
Status : Publish
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
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Gum Rosin Market Analysis
The report covers comprehensive information about market trends, volume (KT) and value (US$ Mn)
projections, recent developments and dynamics in the global Gum Rosin market for the period between
2018 and 2028.
The global Gum Rosin market is projected to reach a market value of US$ 1.97 Bn during the forecast
period and is anticipated to grow at a CAGR of 4.7%, by value. Growing demand from adhesives and
paints is the prime factor expected drive the demand for Gum Rosin in the global market.
Increasing Demand for Bio-Based Materials from Various Industries
Bio-based materials, such as Gum Rosin, are majorly derived from renewable energy sources of energy.
Gum Rosin, in particular, is derived from pine chemicals derived from pine tree using the pine tapping
process. There are various advantages of using bio-based materials instead of synthetic or petrochemical
based materials. For instance, bio-based materials are eco-friendly and easily degrade into the
environment. That apart, due to stable supply of bio-based sources, price fluctuations are low when
compared to petrochemical based materials.
According to the “3rd Annual Conference and Expo on Biomaterials”, the Bio-based materials market is
expected to register significant growth rate due to easy availability of funds & grants by government
bodies globally, technological advancements and growing demand for environment-friendly products
around the globe.
©2015 Future Market Insights, All Rights Reserved
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Gum Rosin Market Analysis
Growth of End-Use Industries is a Positive Sign
Gum Rosin is used as a base material in various applications, such as paints & coatings, printing inks,
rubbers, adhesives, etc. Growing applications of Gum Rosin in various end-use industries is expected to
drive the growth of the global Gum Rosin market during the forecast period.
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Gum Rosin easily dissolves in alcohol, gasoline, etc. and thus, is used as a basic ingredient in paints. The
paints & coatings industry is continuously growing due to growing demand from construction and
automotive industries. Additionally, increasing demand for Gum Rosin from printing ink and paper
industries will also give a push to the Gum Rosin market over the forecast period.
The paints and coatings segment is expected to grow at 5.4% CAGR, by value, during the forecast period.
Growing demand for natural raw materials in various industries is an important factor that will create
new opportunities for the Gum Rosin market to grow further in the coming years.
©2015 Future Market Insights, All Rights Reserved
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Gum Rosin Market Analysis
Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou
Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin
and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong
Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV.
INDONESIA PINUS, Vinhconship Group and EURO-YSER..
Gum Rosin Market – Competition Landscape
The global Gum Rosin market is a fragmented market and most major market participants held single
digit market share in 2017. The top ten to twelve players in the global Gum Rosin market collectively hold
between 30% and 35% market share.
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