Reports
Global Colophony Market: 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; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
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 1.8 billion in 2020. The global gum rosin market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3% to reach USD 2.2 billion by 2026.
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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 2023-2028 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.
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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:
- Gum
- Tall Oil
- Wood
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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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. |
*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 Industry Opportunities and Challenges
8 Global Colophony Market Analysis
8.1 Key Industry Highlights
8.2 Global Colophony Historical Market (2018-2022)
8.3 Global Colophony Market Forecast (2023-2028)
8.4 Global Colophony Market by Type
8.4.1 Gum
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Tall Oil
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Wood
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Colophony Market by Grade
8.5.1 X (Pale Yellow)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 WW (Slight Yellow)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 WG (Yellow)
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 N (Deep Yellow)
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 M (Yellow Brown)
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 K (Yellow Red)
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.6 Global Colophony Market by Form
8.6.1 Crystals/Chunks
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Lumps
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Colophony Market by Application
8.7.1 Adhesives
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Printing inks
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Food Processing
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Rubber
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Paper Sizing
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Coating
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Pharmaceuticals
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
8.7.8 Others
8.8 Global Colophony Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
9.5.2 Forecast Trend (2023-2028)
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 (2018-2022) & Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
14.3 Operations Involved
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Company Profiles
15.3.1 Eastman Chemical Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Demographic Reach and Achievements
15.3.1.4 Certifications
15.3.2 Forestar Chemical Co., Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Demographic Reach and Achievements
15.3.2.4 Certifications
15.3.3 Foshan Baolin Chemical Industry Co.,Ltd
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Demographic Reach and Achievements
15.3.3.4 Certifications
15.3.4 BiologiQ, Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Demographic Reach and Achievements
15.3.4.4 Certifications
15.3.5 Resin Chemicals Co., Ltd
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Demographic Reach and Achievements
15.3.5.4 Certifications
15.3.6 Kraton Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Demographic Reach and Achievements
15.3.6.4 Certifications
15.3.7 Others
16 Industry Events and Developments
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 2028
2. Global Colophony Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Colophony Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Colophony Historical Market: Breakup by Grade (USD Billion), 2018-2022
5. Global Colophony Market Forecast: Breakup by Grade (USD Billion), 2023-2028
6. Global Colophony Historical Market: Breakup by Form (USD Billion), 2018-2022
7. Global Colophony Market Forecast: Breakup by Form (USD Billion), 2023-2028
8. Global Colophony Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Colophony Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Colophony Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Colophony Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Colophony Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Colophony Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Colophony Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Colophony Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Colophony Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Colophony Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Colophony Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Colophony Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Colophony Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Colophony Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Major Importing Countries by Volume (2020)
23. Major Exporting Countries by Volume (2020)
24. Major Importing Countries by Value (2020)
25. Major Exporting Countries by Value (2020)
26. North America Historical Price Trends and Forecast 2018-2028
27. Europe Historical Price Trends and Forecast 2018-2028
28. Asia Pacific Historical Price Trends and Forecast 2018-2028
29. Latin America Historical Price Trends and Forecast 2018-2028
30. Middle East and Africa Historical Price Trends and Forecast 2018-2028
31. Global Colophony Market Structure
Key Questions Answered in the Report
The global colophony market is strongly correlated to that of its most common type, gum rosin, which was valued at USD 1.8 billion in 2020.
The global colophony industry is strongly correlated to the global gum rosin market, which is expected to grow at a CAGR of 3% during the forecast period of 2023-2028.
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 2.2 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, growing environmental consciousness, rise in demand for natural adhesives, growth in the Asia Pacific rubber industry, and the surge in the pharmaceuticals industry, are expected to aid the market growth.
The key industry trend expected to increase the market size in the forecast period is the increased demand for bio-degradable products.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The main type of colophony is gum colophony, more commonly known as gum rosin. Tall oil rosin and wood types are also found in the industry.
The colophony industry is divided on the basis of grade into X (pale yellow), WW (slight yellow), WG (yellow), N (deep yellow), M (yellow brown), and K (yellow red).
The global colophony industry can be divided on the basis of form into crystals (or chunks) and lumps.
Colophony is primarily used in adhesives, printing inks, food processing, rubber, paper sizing, coatings, pharmaceuticals, and others.
The key players in the colophony industry 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 1.8 billion in 2020, 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 2023-2028, growing at a CAGR of 3%. It is projected to reach USD 2.2 billion by 2026.
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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