The global gum rosin market is expected to reach USD 2.49 billion by 2024.
Increasing demand of gum rosin owing to growth of synthetic rubber industry primarily in China is expected to drive the market growth. Increasing demand for high grade gum rosin products including WW and X grade by application industries is expected to benefit the market growth. The industry is characterized by abundance of raw materials in major producing regions such as Brazil, Indonesia, and China. In addition, the availability of low-cost labor, coupled with rapid development of the paper and adhesives industries in the region, is anticipated to provide impetus to the market growth.
The industry growth is expected to be restrained by increasing substitution of gum rosin by tall oil rosin. In addition, unfavorable weather conditions in China is expected to act as a major restraint for growth.
The market is expected to be driven by availability of low-cost gum rosin produced in Brazil and Indonesia. In addition, rapid development of the rubber, inks, and adhesives industry in Europe is likely to translate into increasing demand for the product in the region.
China is expected to emerge as the biggest market player for gum rosin, growing at a CAGR of over 3% from 2016 to 2024 owing to significant development of the application industries including rubber, adhesives, inks, paper sizing, and paints & coatings in the region. In addition, growth of the end-use industries such as building & construction and automotive in the region is expected to drive the market growth.
- Wuzhou Pine Chemicals
- Jinggu Forest Chemical
- Xinhui Overseas Chinese Industry
- Wuzhou Sun Shine Forestry & Chemicals
- Punjab Rosin and Chemical Works
- Pasadena Engineering Indonesia
- Deqing Yinlong Industrial
- Deqing Jixin
- M/s Suraj Paint & Varnish Industries
- (10+ More)
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Gum Rosin Industry Outlook
4. Gum Rosin Product Outlook
5. Gum Rosin Application Outlook
6. Gum Rosin Regional Outlook
7. Competitive Landscape
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