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Global Gum Rosin Market Size, Share, Growth, Product Type: WW, WG, N, X; By Application: Paper, Paints and Coatings, Soap, Printing Ink, Adhesives, Rubber, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Gum Rosin Market Outlook
The global gum rosin market size reached approximately USD 1.56 billion in 2023. The market is further estimated to grow at a CAGR of 5.1% in the forecast period of 2024-2032, reaching a value of around USD 2.43 billion by 2032.
Key Trends in the Market
Gum rosin is a plant resin which is brittle and translucent in nature and mainly obtained from the oleoresin of pine trees. It is produced by the distillation process and finds usage in sectors such as paint and coating, and paper, among others.
- The growing demand for sustainable products in several end-use sectors due to a surge in environmental concerns is one of the crucial gum rosin market trends. The gum resin is gaining popularity as an eco-friendly substitute for petroleum resin for paints and coating and adhesive applications, among others.
- The burgeoning construction sector in developing economies provides lucrative opportunities for gum resin in adhesives, paint, and rubber.
- Another prominent trend is the surge in the production of modified gum rosin and new products with improved performance and a low percentage of volatile compounds.
- Market players are heavily investing in research and developmental efforts such as improving the efficiency of the tapping method to increase the resin flow in pine trees for boosting the resin output, which, in turn, is expected to favour the gum rosin market growth.
Market Analysis
Based on product type, the market is divided into WW, WG, N, and X. The gum rosin market segmentation on the basis of application, includes paper, paints and coatings, soap, printing ink, adhesives, and rubber, among others. The major regional markets of gum rosin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global gum rosin market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- PT Indonesia Pine Chemical Industri (PT. INDOPICRI)
- Wuzhou Pine Chemicals Ltd
- PT Nasco
- PT Oleo Resina Indonesia
- PT Istana Palapa Kertas (ISPAK)
- PT Kencana Hijau Bina Lestari
- Guangxi Dinghong Resin Co Ltd
- Others
Market Share by Application
Gum rosin consumption in adhesive application accounts for a significant gum rosin market share. It is used as a binder in adhesives to improve their strength and viscosity. Increased residential and commercial construction creates a positive outlook for the adhesive segment. Moreover, the surge in the production of light commercial vehicles and heavy-duty vehicles boosts the adhesive demand as they are used to bond composite parts of vehicles. Additionally, adhesive finds usage in the packaging sector for bonding paper and cardboard, and for labels and linings.
Market Share by Region
As per the gum rosin market analysis, the Asia Pacific accounts for a substantial share of the market due to the growing construction sector, which supports the applications of gum resin in adhesives and paints and coatings. Gum rosin is commonly used as a concrete frothing agent, adhesive for floor tiles, and ingredient for paint and varnishes in construction projects. Furthermore, they are used as a softener for rubber in tyres, and belts, among others in the automotive sector of the region.
Competitive Landscape
PT Indonesia Pine Chemical Industri (PT. INDOPICRI), established in 1984, is a manufacturer of paper chemicals and resins. The company, based in Surabaya, Indonesia, is also a major producer of gum rosin raw materials.
Wuzhou Pine Chemicals Ltd, founded in 2000, is a pine chemical company, with its headquarters in Guangxi, China. Some of its popular products include gum rosin, disproportionated rosin, and turpentine, among others.
PT Nasco, founded in 1963 and headquartered in Jos, Nigeria, is a consumer goods company. The company aims to increase its manufacturing capacity due to its growing customer base and provides high-quality consumer products.
Other gum rosin market players include PT Oleo Resina Indonesia, PT Istana Palapa Kertas (ISPAK), PT Kencana Hijau Bina Lestari, and Guangxi Dinghong Resin Co Ltd.
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:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Gum Rosin Market Overview
8.1 Key Industry Highlights
8.2 Global Gum Rosin Historical Market (2018-2023)
8.3 Global Gum Rosin Market Forecast (2024-2032)
8.4 Global Gum Rosin Market by Product Type
8.4.1 WW
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 WG
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 N
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 X
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Gum Rosin Market by Application
8.5.1 Paper
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paints and Coatings
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Soap
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Printing Ink
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Adhesives
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Rubber
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Gum Rosin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Gum Rosin Market Analysis
9.1 Market by Product Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Gum Rosin Market Analysis
10.1 Market by Product Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Gum Rosin Market Analysis
11.1 Market by Product Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America Gum Rosin Market Analysis
12.1 Market by Product Type
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Gum Rosin Market Analysis
13.1 Market by Product Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PT Indonesia Pine Chemical Industri (PT. INDOPICRI)
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wuzhou Pine Chemicals Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 PT Nasco
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 PT Oleo Resina Indonesia
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 PT Istana Palapa Kertas (ISPAK)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 PT. Kencana Hijau Bina Lestari
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Guangxi Dinghong Resin Co Ltd
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Gum Rosin Market: Key Industry Highlights, 2018 and 2032
2. Global Gum Rosin Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Gum Rosin Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Gum Rosin Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Gum Rosin Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Gum Rosin Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Gum Rosin Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Gum Rosin Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.56 billion.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 2.43 billion by 2032.
The major market drivers are its growing applications in adhesives and paints and coatings sectors and rapid urbanisation and industrialisation.
The key trends of the market include growing demand for sustainable products, expanding construction sector, surge in production of modified gum rosin and new products, and research and development activities by market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various types of products in the market are WW, WG, N, and X.
The key players in the market are PT Indonesia Pine Chemical Industri (PT. INDOPICRI), Wuzhou Pine Chemicals Ltd, PT Nasco, PT Oleo Resina Indonesia, PT Istana Palapa Kertas (ISPAK), PT Kencana Hijau Bina Lestari, and Guangxi Dinghong Resin Co Ltd, among others.
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