As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The steady increase in the Asia Pacific rubber industry is expected to drive the growth of the global colophony industry. Colophony is majorly of two types—gum rosin and tall oil rosin. Both of these find applications in the rubber industry. Their bio-degradable property makes them of increasing relevance as environmental awareness becomes more commonplace globally. Tall oil rosin is also used as a vegetarian-friendly substitute for animal fat in the production of soaps and lubricants.
Eastman Chemical Company (NYSE: EMN) is one of the leading producers of colophony globally. In late 2020, Eastman discussed the benefits of using rosin additives to improve the performance of truck bus radial tyres at the International Elastomer Conference in Cleveland. This is expected to increase the penetration of colophony products in the automotive sector, which can significantly boost the growth of the global colophony industry in the coming years. In May 2021, Kraton Corporation (NYSE: KRA), another leading producer of colophony, launched its new REvolution product line of bio-based, low-colour rosin ester formulations. This is expected to lead to the growth of the rosin ester product line during the forecast period of 2021-2026.
Market Analysis by Type, Grade, Form, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global colophony market are Eastman Chemical Company, Forestar Chemical Co. Ltd., Foshan Baolin Chemical Industry Co. Ltd., BiologiQ, Inc., Resin Chemicals Co. Ltd. And Kraton Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.