Gum Rosin Market

Global Gum Rosin Market is valued at USD 2.42 Billion in 2022 and expected to reach USD 3.21 Billion by 2029 with a CAGR of 4.1% over the forecast period.

Global Gum Rosin Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, and 2022-2029: Growing demand from adhesive application, rising rate of motor vehicle production and the growing building & construction vertical are some of the major factors driving the growth of the Global Gum Rosin Market.

Scope-

Rosin, likewise called colophony or Greek pitch, is a strong type of resin obtained from pines and a few different plants, generally conifers, and created by heating new fluid resin to disintegrate the volatile terpene parts. It is cloudy and changes in colour from yellow to dark. At room temperature, rosin is weak; however, it melts at stovetop temperature. It predominantly consists of different resin acids, particularly abietic acid. Gum rosin is a natural material that is refined using a variety of parameters. This really intends that, although all gum rosins should have extensively comparable properties and ways of behaving, various batches of gum rosin will contrast in the particulars of their physical, and possibly chemical, properties. At room temperature, gum rosin appears to be a glassy, fragile, transparent solid with yellows, browns, and possibly orange colours. At a raised temperature, gum rosin turns into a fluid at "human" timescales (seconds to minutes).

The COVID-19 pandemic has shown a negative impact on the growth of the global gum rosin market. During the COVID-19 pandemic, trade limitations, social distancing measures, and the closing down of various industries have impacted the development of the gum rosin market. Demand has been hit, and supply chain disturbances have added to the issues of this gun rosin market. Operations in different businesses like paints and coatings, construction, automotive, and so on are overall fundamentally impacted because of the coronavirus pandemic, as the majority of nations have given stay-at-home guidance. However, the market is supposed to pick up post-pandemic.

The global gum rosin market is segmented on the basis of type, application, and region and country level. On the basis of type, the global gum rosin market is segmented into WW, WG, X, N, and others. By application, the market is segmented into paper, soap, adhesives, paints & coatings, printing ink, rubber, and others.

The regions covered in the global gum rosin market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. On the basis of country level, the market of global gum rosin is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players-

Some major key players for the global gum rosin market report cover prominent players like -

• EURO-YSER
• Forestar Chemical
• Deqing Jiyuan Synthetic Resin
• Cv. Indonesia Pinus
• Punjab Rosin
• Chemicals Works
• PT. Naval Overseas
• Wuzhou Pine Chemicals
• Wuzhou Sun Shine Forestry & Chemicals
• Guilin Songquan Forest Chemical
• Resin Chemicals
• Jinggu Forestry Chemical
• others

Segmentation-

By Type:

• WW
• WG
• X
• N
• Others

By Application:

• Paper
• Soap
• Adhesives
• Paints & Coatings
• Printing Ink
• Rubber
• Others

 By Regional & Country Level:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

Rising implementation Augmented Reality (AR) & Virtual Reality (VR), increasing popularity of gaming in teenagers, growing digital advancement are some of the major factors driving the growth of the Global Gum Rosin Market

One of the major factors driving the growth of the global gum rosin market is the growing demand from adhesive applications. Gum rosin is widely utilised as a folder in adhesives and as a conditioner in the synthetic rubber industry, as it improves the delicate quality, strength, and adhesion of adhesives, which are utilised in the manufacturing of rubber boots and furniture, bookbinding, and the pressing industry. According to The Association of Natural Rubber Producing Countries (ANRPC), global production will increase by 2.7% to 1.426 million tonnes in November 2022, up from 1.389 million tonnes in November 2018.World demand is assessed at 1.301 million tons, expanding 0.6% from 1.294 million tonnes during a similar reference period.

In addition, the rising rate of motor vehicle production and the growing building and construction vertical are boosting the growth of the global gum rosin market. Gum rosin effectively dissolves in gasoline, alcohol, etc., and is therefore utilised as a fundamental ingredient in paints or decorative paints. The paints and coatings industry is consistently growing because of developing demand from the construction and automotive industries. According to the International Energy Agency (IEA), the total number of electric vehicles on the world's roads reached around 16.5 million in 2017 and more than tripled in 2018. Worldwide sales of electric vehicles have continued to rise firmly in 2022, with 2 million sold in the first quarter, up 75% from a similar period in 2021. However, the instability of gum rosin and variability in the prices of raw materials may hamper the growth of the global gum rosin market. In spite of that, growing advancements in technology can provide some opportunity in the global gum rosin market.

Asia Pacific holding a major share in the Global Gum Rosin Market

Asia Pacific will hold a major share in the global gum rosin market within the forecast period due to rising synthetic rubber production. A growing number of government investments have stimulated the rise in construction projects in the region. For instance, as per Rubber Board, in India, synthetic elastomer (SR) production expanded to 380,772 tonnes during 2018–19 from 331,221 tonnes during 2017–18, enrolling a significant development of 15.0%. Though synthetic rubber consumption increased to 686,325 tonnes in 2018-19, representing an 8.3% increase over the 633,975 tonnes consumed in 2017-18.Hence, the rapid development of synthetic rubber is driving the gum rosin market. Also, the growing number of government investments has stimulated the rise in construction projects in the region, which drives the gum rosin market. For example, the Asian Development Bank (ADB) approved a US$ 250 million credit in November 2021 to help improve the National Industrial Corridor Development Programme (NICDP).This is part of a $500 million credit to build 11 industrial passageways spanning 17 states.

North America is the fastest-growing region in the global gum rosin market because of the rising automotive industry and growing advancement in technology. For instance, the International Energy Agency (IEA) estimates that approximately 630 000 electric vehicles will be sold in the United States in 2020, bringing the total stock of electric vehicles to just under 2 million. Also, manufacturers in the gum rosin industry are persistently growing new creations to further develop yield, limit environmental footprint, profoundly diminish energy use, and further develop product quality.

News-

LIQCREATE Launches New Elastic & Ultra-Soft Elastomer-X 3D Printing Resin

On October 31^st, 2022; Independent Netherlands-based photopolymer producer Liqcreate has added another flexible engineering resin to its 3D printing material portfolio. Intended to be one of the softest elastomer resins available, Elastomer-X features high elongation, great tear strength, and a Shore A hardness as low as 43, lending it a pliability akin to that of TPUs and silicones. With the introduction of Elastomer-X, Liqcreate now offers three business elastic and flexible pitches under its own brand, each of which is intended to address a specific application area.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2022:	USD 2.42 Billion
Base year considered	2021
Forecast Period CAGR %:	4.1%
Market Size Expected in 2029:	USD 3.21 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	EURO-YSER, Forestar Chemical, Deqing Jiyuan Synthetic Resin, Cv. Indonesia Pinus, Punjab Rosin, and Chemicals Works, PT. Naval Overseas, Wuzhou Pine Chemicals, Wuzhou Sun Shine Forestry & Chemicals, Guilin Songquan Forest Chemical, Resin Chemicals, Jinggu Forestry Chemical and others
Segments Covered	By Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa