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Colophony Market

Global Colophony Market Size, Share, Trends, Forecast: By Type: Gum, Tall Oil, Wood; By Grade: X (Pale Yellow), WW (Slight Yellow), WG (Yellow), N (Deep Yellow), M (Yellow Brown), K (Yellow Red); By Form; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Colophony Market Outlook

The global colophony market is strongly connected to the market of its by-product, gum rosin, which attained a value of USD 1.98 billion in 2023. The global gum rosin market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.5% to reach USD 2.67 billion by 2032.

 

Colophony Market

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Wide Applications of Gum Rosin to Support the Growth of the Global Market for Colophony

The global colophony industry is expected to show healthy growth in the forecast period of 2024-2032 due to the rising demand for gum rosin as an adhesive. Colophony’s most common form is known as gum rosin, which accounts for about half of the world’s production of colophony, while over a quarter is produced as tall oil rosin. It is also widely used due to its sticky properties in the production of printing inks, rubber, chewing gum, coatings, and other products. Due to its applications in a large number of industries, there are several factors driving the growth of gum rosin, especially, the rising demand for natural substitutes for adhesive bases in these industries.

 

Increasing Demand for Natural Adhesives in Europe to Boost the Demand for Colophony

While the Asia Pacific is the leading producer and importer of colophony and its products, the spread of environmental awareness, especially in Europe, is leading to a surge in demand for biodegradable products. Due to colophony’s properties as a natural adhesive, it is being used as a substitute for synthetic materials in several industries, including adhesives, printing inks, coatings, and others. This is expected to be a key factor in the growth of the global colophony industry during the forecast period.

 

Colophony Market by Application

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Colophony: Market Segmentation

Colophony, also known as rosin or Greek pitch, is produced by heating fresh resin obtained from pines and conifers to obtain a solid form. The final product is semi-transparent, and the colour may vary from yellow to black.

The most commonly-produced types of colophony are:

The market can be broadly categorised on the basis of grade into:

  • X (Pale Yellow)
  • WW (Slight Yellow)
  • WG (Yellow)
  • N (Deep Yellow)
  • M (Yellow Brown)
  • K (Yellow Red)

The global colophony industry can also be broken down based on form as:

  • Crystals/Chunks
  • Lumps

Colophony finds its applications in the following industries:

  • Adhesives
  • Printing Inks
  • Food Processing
  • Rubber
  • Paper Sizing
  • Coatings
  • Pharmaceuticals
  • Others

The EMR report looks into the regional markets of colophony like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Colophony Market by Region

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Increasing Demand for End-Use Products to Drive the Growth of the Global Market for Colophony

The growth in the adhesives, printing inks, and coatings industries has led to a healthy growth in the market size for colophony. Both tall oil and gum rosin are used in rubber production, and the developing rubber industry in the Asia Pacific is a major factor driving the growth of the colophony industry during the forecast period.

Colophony is used in the pharmaceutical industry for making coatings and films for tablets, as well as for the formulation of microcapsules and nanoparticles. The recent surge in the pharmaceutical industry due to the COVID-19 pandemic is expected to increase the demand for colophony in the future. However, the rising prices for colophony in comparison with other pine resin-based substitutes may affect the growth of the industry adversely.

 

Key Industry Players in the Global Colophony Market

The report presents a detailed analysis of the following key players in the global colophony market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Eastman Chemical Company
  • Forestar Chemical Co. Ltd.
  • Foshan Baolin Chemical Industry Co. Ltd.
  • BiologiQ, Inc.
  • Resin Chemicals Co. Ltd.
  • Kraton Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Grade
  • Form
  • Application
  • Region
Breakup by Type
  • Gum
  • Tall Oil
  • Wood
Breakup by Grade
  • X (Pale Yellow)
  • WW (Slight Yellow)
  • WG (Yellow)
  • N (Deep Yellow)
  • M (Yellow Brown)
  • K (Yellow Red)
Breakup by Form
  • Crystals/Chunks
  • Lumps
Breakup by Application
  • Adhesives
  • Printing inks
  • Food Processing
  • Rubber
  • Paper Sizing
  • Coating
  • Pharmaceuticals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Eastman Chemical Company
  • Forestar Chemical Co. Ltd.
  • Foshan Baolin Chemical Industry Co. Ltd.
  • BiologiQ, Inc.
  • Resin Chemicals Co. Ltd.
  • Kraton Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Colophony Market Report Snapshots

Colophony Market Size

Colophony Market Growth

Colophony Market Demand

Colophony Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Colophony Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Colophony Historical Market (2018-2023)
    8.3    Global Colophony Market Forecast (2024-2032)
    8.4    Global Colophony Market by Type
        8.4.1    Gum
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Tall Oil
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Wood
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Colophony Market by Grade  
        8.5.1    X (Pale Yellow)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    WW (Slight Yellow)
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    WG (Yellow)
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    N (Deep Yellow)
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    M (Yellow Brown)
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    K (Yellow Red)
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
    8.6    Global Colophony Market by Form  
        8.6.1    Crystals/Chunks
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Lumps
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Colophony Market by Application 
        8.7.1    Adhesives
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Printing inks
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Food Processing
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Rubber
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Paper Sizing
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Coating
            8.7.6.1    Historical Trend (2018-2023)
            8.7.6.2    Forecast Trend (2024-2032)
        8.7.7    Pharmaceuticals
            8.7.7.1    Historical Trend (2018-2023)
            8.7.7.2    Forecast Trend (2024-2032)
        8.7.8    Others
    8.8    Global Colophony Market by Region
        8.8.1    North America
        8.8.2    Europe
        8.8.3    Asia Pacific
        8.8.4    Latin America
        8.8.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (Sweet Potato HS Code: 380610)

    12.1    Major Exporting Countries:
        12.1.1    By Value 
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    13.2    Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
    13.3    Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
    13.4    Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    13.5    Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
14    Manufacturing Process
    14.1    Overview
    14.2    Detailed Process Flow
    14.3    Operations Involved
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Eastman Chemical Company 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Forestar Chemical Co., Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Foshan Baolin Chemical Industry Co.,Ltd
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    BiologiQ, Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Resin Chemicals Co., Ltd
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Kraton Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Project Requirements and Cost Analysis
    1.1.    Land, Location, and Site Development
    1.2.    Construction
    1.3.    Plant Machinery
    1.4.    Cost of Raw Material
    1.5.    Packaging
    1.6.    Transportation
    1.7.    Utilities
    1.8.    Manpower
    1.9.    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Colophony Market: Key Industry Highlights, 2018 and 2032
2.    Global Colophony Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Colophony Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Colophony Historical Market: Breakup by Grade (USD Billion), 2018-2023
5.    Global Colophony Market Forecast: Breakup by Grade (USD Billion), 2024-2032
6.    Global Colophony Historical Market: Breakup by Form (USD Billion), 2018-2023
7.    Global Colophony Market Forecast: Breakup by Form (USD Billion), 2024-2032
8.    Global Colophony Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Colophony Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Colophony Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Colophony Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Major Importing Countries by Volume 
23.    Major Exporting Countries by Volume 
24.    Major Importing Countries by Value 
25.    Major Exporting Countries by Value 
26.    North America Historical Price Trends and Forecast 2018-2032
27.    Europe Historical Price Trends and Forecast 2018-2032
28.    Asia Pacific Historical Price Trends and Forecast 2018-2032
29.    Latin America Historical Price Trends and Forecast 2018-2032
30.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
31.    Global Colophony Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 1.98 billion.

The global colophony industry is strongly correlated to the global gum rosin market, which is expected to grow at a CAGR of 3.5% during the forecast period of 2024-2032.

The global colophony industry is strongly dependent on the global gum rosin market, which is expected to grow at a steady pace and reach a value of USD 2.67 billion by 2032.

The major drivers of the market include growing demand for natural adhesives, rising disposable incomes, robust growth of the pharmaceuticals sector, and the increasing use of colophony in the production of coatings and printing inks, among others.

The key trends guiding the market are the flourishing rubber sector, the rising use of colophony in formulating nanoparticles and microcapsules, and the growing use of colophony as a substitute for synthetic materials in various end-use sectors.

The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Gum, tall oil, and wood are the major types of colophony.

The various segments on the basis of grade considered in the market report include X (pale yellow), WW (slight yellow), WG (yellow), N (deep yellow), M (yellow brown), and K (yellow red).

The significant forms of colophony considered in the market report include crystal/chunks and lumps.

Adhesives, printing inks, food processing, rubber, paper sizing, coating, and pharmaceuticals, among others, are the major applications of colophony.

The key players in the 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.

Analyst Review

The global colophony market is heavily dependent on the global gum rosin market (the most common type of colophony), which attained a value of USD 1.98 billion in 2023, driven by the growth in the adhesives industry. Aided by increasing environmental awareness, the gum rosin market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%. It is projected to reach USD 2.67 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into gum, tall oil, and wood, among others, with gum accounting for the largest market share. On the basis of grade, colophony is classified as X (pale yellow), WW (slight yellow), WG (yellow), N (deep yellow), M (yellow brown), and K (yellow red). Colophony is obtained in crystal/chunk form or as lumps. Its application segments include adhesives, printing inks, food processing, rubber, paper sizing, coatings, pharmaceuticals, and others. The major regional markets for colophony are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Eastman Chemical Company, Forestar Chemical Co. Ltd., Foshan Baolin Chemical Industry Co. Ltd., BiologiQ, Inc., Resin Chemicals Co. Ltd., and Kraton Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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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.

Right Price

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.

Right Support

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.

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