Gum rosin is primarily
composed of resins and is an organic natural compound. Upon dissolution, it
causes chemical reaction with a number of organic solvents. It is an essential
raw material for the production of paints and coatings, rosin ester resins,
food-grade ester gum, electronic industrial products, soaps, rubbers, inks, and
paper. In the oil paint industry, it is effortlessly softened and oxidized, and
the carboxylation reaction of resin acid is usually engaged to create resinate
for additional use. Resin acid is transformed into disproportionate rosin,
hydrogenated rosin, and polymerized rosin during production of printing ink and
synthetic rubber by double-bond effect of rosin. The global market for gum
rosin has been segmented by product type, application, and region. By product
type, the market has been segmented into WW, WG, X, N, M, K, and others. The WW
segment held a significant i.e. close to 35% share of the total market in 2015.
This is attributed to high performance and quality of the product for prime
applications such as synthetic rubber and adhesives. The WW segment is also
projected to witness speedy growth during the forecast period. WW and WG rosins
come in light shades of yellow, which is primarily to maintain the texture and
color of end-use products such as paper sizing, rubber, inks, and adhesives. On
the basis of applications, the global gum rosin market has been segmented into
inks, food, thermoplastic coatings, paper sizing, adhesives, rubber softeners,
and others. The rubber softeners segment held a dominant share of the global
market in 2015 and is anticipated to witness steady growth during the forecast
period. The adhesives segment is expected to experience speedy growth from 2016
to 2024.
Major drivers for the global gum
rosin market include increasing demand from key application segments such as
synthetic rubber and printing inks. Gum rosin is broadly used as a softener and
binder in adhesives and synthetic rubber industries. Speedy growth of synthetic
rubber and adhesives industries is expected to act as a major driver for the
global gum rosin market during the forecast period. In addition, speedy growth
of building & construction and automotive industries has raised the demand
for gum rosin for better-quality products. This also acts as a major factor
driving the global market for gum rosin. Volatility of gum rosin and
fluctuation in prices of raw materials form a major restraint for the gum rosin
market. Growth of end-use industries in Latin American countries such as Brazil
and Argentina is a great growth opportunity for the global gum rosin market.
Geographically, the global gum rosin market has been segregated into North
America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Asia Pacific held the dominant market share in 2015, with China being the
leading producer of gum rosin in the region. This is attributed to immense
growth of application industries such as paper sizing, synthetic rubber,
printing inks, and adhesives in China. The market in Asia Pacific is also
estimated to witness speedy growth during the forecast period, on account of
emerging economies such as South Korea and India. With the rise in demand for
gum rosin in these countries, the region is projected to witness speedy growth
from 2016 to 2024. The gum rosin market in Latin America is also estimated to witness
speedy growth during the forecast period, due to growth of end-use industries
in the region.
Major players in the global market for gum rosin include CeluloseIrani SA,
Wuzhou Pine Chemicals, Forestar Chemical Co. Ltd., Indonesia Pinus, Jinggu
Forest Chemical, Xinhui Overseas Chinese Industry, Wuzhou Sun Shine Forestry
& Chemicals, Forestarchem, Pasadena Engineering Indonesia, and
DeqingYinlong Industrial.
The report offers a comprehensive
evaluation of the market. It does so via in-depth qualitative insights,
historical data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research methodologies
and assumptions. By doing so, the research report serves as a repository of
analysis and information for every facet of the market, including but not
limited to: Regional markets, technology, types, and applications.
The study is a
source of reliable data on:
·
·
·
·
·
·
·
·
The regional
analysis covers:
·
·
·
·
·
·
The report has been compiled through
extensive primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable paid
sources, trade journals, and industry body databases). The report also features
a complete qualitative and quantitative assessment by analyzing data gathered
from industry analysts and market participants across key points in the
industry’s value chain.
A separate analysis of prevailing
trends in the parent market, macro- and micro-economic indicators, and
regulations and mandates is included under the purview of the study. By doing
so, the report projects the attractiveness of each major segment over the
forecast period.
Highlights of the
report:
·
·
·
·
·
·
·
·
·
Note: Although care has
been taken to maintain the highest levels of accuracy in TMR’s reports, recent
market/vendor-specific changes may take time to reflect in the analysis.
