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.
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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.
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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.
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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.
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The Global Gum Rosin Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Product – WWBy Application – Rubber SoftenerBy Geography – Asia PacificBrowse the complete Global Gum Rosin Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/18673-gum-rosin-market-reportThe report also covers the complete competitive landscape of the global Gum Rosin market with company profiles of key players such as:CeluloseIrani SADeqingYinlong IndustrialForestar Chemical Co. Ltd.ForestarchemIndonesia PinusJinggu Forest ChemicalPasadena Engineering IndonesiaWuzhou Pine ChemicalsWuzhou Sun Shine Forestry & ChemicalsXinhui Overseas Chinese IndustryOthersA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:WWWGXNMKOthersBy Applications:Rubber SoftenerAdhesivesPaper SizingThermoplastic CoatingsFoodInksOthersBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACRest of the World (RoW)Download Free Sample Report of Global Gum Rosin Market @ https://www.decisiondatabases.com/contact/download-sample-18673The Global Gum Rosin Market has been exhibited in detail in the following chapters –Chapter 1 Gum Rosin Market PrefaceChapter 2 Executive SummaryChapter 3 Gum Rosin Industry AnalysisChapter 4 Gum Rosin Market Value Chain AnalysisChapter 5 Gum Rosin Market Analysis By ProductChapter 6 Gum Rosin Market Analysis By ApplicationsChapter 7 Gum Rosin Market Analysis By GeographyChapter 8 Competitive Landscape Of Gum Rosin CompaniesChapter 9 Company Profiles Of Gum Rosin IndustryPurchase the complete Global Gum Rosin Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-18673Other Reports by DecisionDatabases.com:Global Karaya Gum Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Locust Bean Gum Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Gum Arabic Market Research Report – Industry Analysis, Size, Share, Growth, Trends And Forecast Till 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Global Gum Rosin Market is expected to reach USD 2.49 billion by 2024.
It is also known as “colophony” due to its range of colors from yellow to black.
The Gum Rosin Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe.
Growing demand from end users like printing inks and synthetic rubber, vast growth of adhesive and synthetic rubber industries, high demand for high-grade gum rosin products, and availability of low cost labor are documented as the major factors that are estimated to enhance the growth in the years to come.
WW gum rosin sector accounted for the substantial market share of Gum Rosin and is estimated to lead the overall market in the upcoming period.
China is a major producer & consumer of Gum Rosin with significant market share in terms of volume in this region.
09 Oct 2018 – This report studies Gum Rosin Market Globally with SWOT analysis, Market Share, Segmentation, Insights, Growth, Application, Trends, Production, Revenue and Consumption analysis in these regions, forecast to 2024. It is also known as “colophony” due to its range of colors from yellow to black.
The Gum Rosin Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe. Growing demand from end users like printing inks and synthetic rubber, vast growth of adhesive and synthetic rubber industries, high demand for high-grade gum rosin products, and availability of low cost labor are documented as the major factors that are estimated to enhance the growth in the years to come. However, unfavorable weather conditions may restrain the overall market growth in the years to come.
San Francisco, 18 June 2020 — “Gum Rosin Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027” Global Gum Rosin Market is expected to reach USD 2.49 billion by 2024.
It is also known as “colophony” due to its range of colors from yellow to black.
The Gum Rosin Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/gum-rosin-market/request-sample Growing demand from end users like printing inks and synthetic rubber, vast growth of adhesive and synthetic rubber industries, high demand for high-grade gum rosin products, and availability of low cost labor are documented as the major factors that are estimated to enhance the growth in the years to come.
However, unfavorable weather conditions may restrain the overall market growth in the years to come.
WW gum rosin sector accounted for the substantial market share of Gum Rosin and is estimated to lead the overall market in the upcoming period.
