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Gum Rosin Market by Application (Paper Sizing, Printing Inks, Adhesives, Rubber, and Others), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Gum Rosin Marketsize was valued at USD 1.49 USD Billion in 2023 and is projected to reach USD 2.15 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Gum rosin, a natural resin derived from pine trees, is a versatile compound with various industrial applications. It is obtained through the distillation of pine sap, resulting in a solid, amber-colored substance. There are several types of gum rosin, including colophony, wood rosin, and gum rosin itself, each distinguished by the source of the pine resin and the extraction process. Gum rosin features a tacky texture and high viscosity, making it useful as a binder in adhesives, varnishes, and coatings. It also serves as a flux in soldering, a component in soaps, and a stabilizer in certain rubber products. Its chemical stability and ability to form strong bonds make it essential in many manufacturing processes.
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Region:
The Gum Rosin Market report provides comprehensive insights into:
Asia Pacific is expected to dominate the gum rosin market due to increasing demand from the paper and packaging industry. Europe is also a major market, while North America is expected to witness steady growth. Latin America the Middle East and Africa are emerging markets showing significant potential.
Consumer demand for sustainable packaging and bio-based materials is driving market growth. Paper and packaging companies are increasingly substituting synthetic resins with gum rosin.
The demand for gum rosin is primarily driven by the paper and packaging industry, which accounts for over 50% of global consumption. Other major end-use sectors include printing inks, adhesives, and rubber.
Major exporters of gum rosin include China, Indonesia, and Brazil. The United States and Europe are key importers of gum rosin, primarily for use in the paper and adhesives industries.
Gum rosin prices are influenced by raw material costs, supply and demand dynamics, and the competitive landscape. Manufacturers employ various pricing strategies based on market conditions.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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Secondary Research
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