Reports

Gum Rosin Market

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; 2023-2028

Global Gum Rosin Market Outlook

The global gum rosin market size reached approximately USD 1.48 billion in 2022. The market is further estimated to grow at a CAGR of 5.1% in the forecast period of 2023-2028, reaching a value of around USD 1.99 billion by 2028.

 

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 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:

  • Product Type
  • Application
  • Region
Breakup by Product Type
  • WW
  • WG
  • N
  • X
Breakup by Application
  • Paper
  • Paints and Coatings
  • Soap
  • Printing Ink
  • Adhesives
  • Rubber
  • 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
  • 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

 

*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 (2018-2022) 
    8.3    Global Gum Rosin Market Forecast (2023-2028)
    8.4    Global Gum Rosin Market by Product Type
        8.4.1    WW
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2     WG
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    N
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    X
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
    8.5    Global Gum Rosin Market by Application
        8.5.1    Paper
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2     Paints and Coatings
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Soap
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Printing Ink
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Adhesives
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Rubber
            8.5.6.1    Historical Trend (2018-2022)
            8.5.6.2    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global Gum Rosin Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
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 (2018-2022) 
            9.3.1.2    Forecast Trend (2023-2028)
        9.3.2    Canada
            9.3.2.1    Historical Trend (2018-2022) 
            9.3.2.2    Forecast Trend (2023-2028)
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 (2018-2022) 
            10.3.1.2    Forecast Trend (2023-2028)
        10.3.2    Germany
            10.3.2.1    Historical Trend (2018-2022) 
            10.3.2.2    Forecast Trend (2023-2028)
        10.3.3    France
            10.3.3.1    Historical Trend (2018-2022) 
            10.3.3.2    Forecast Trend (2023-2028)
        10.3.4    Italy
            10.3.4.1    Historical Trend (2018-2022) 
            10.3.4.2    Forecast Trend (2023-2028)
        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 (2018-2022) 
            11.3.1.2    Forecast Trend (2023-2028)
        11.3.2    Japan
            11.3.2.1    Historical Trend (2018-2022) 
            11.3.2.2    Forecast Trend (2023-2028)
        11.3.3    India
            11.3.3.1    Historical Trend (2018-2022) 
            11.3.3.2    Forecast Trend (2023-2028)
        11.3.4    ASEAN
            11.3.4.1    Historical Trend (2018-2022) 
            11.3.4.2    Forecast Trend (2023-2028)
        11.3.5    Australia
            11.3.5.1    Historical Trend (2018-2022) 
            11.3.5.2    Forecast Trend (2023-2028)
        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 (2018-2022) 
            12.3.1.2    Forecast Trend (2023-2028)
        12.3.2    Argentina
            12.3.2.1    Historical Trend (2018-2022) 
            12.3.2.2    Forecast Trend (2023-2028)
        12.3.3    Mexico
            12.3.3.1    Historical Trend (2018-2022) 
            12.3.3.2    Forecast Trend (2023-2028)
        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 (2018-2022) 
            13.3.1.2    Forecast Trend (2023-2028)
        13.3.2    United Arab Emirates
            13.3.2.1    Historical Trend (2018-2022) 
            13.3.2.2    Forecast Trend (2023-2028)
        13.3.3    Nigeria
            13.3.3.1    Historical Trend (2018-2022) 
            13.3.3.2    Forecast Trend (2023-2028)
        13.3.4    South Africa
            13.3.4.1    Historical Trend (2018-2022) 
            13.3.4.2    Forecast Trend (2023-2028)
        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 2028
2.    Global Gum Rosin Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Gum Rosin Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Gum Rosin Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Gum Rosin Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Gum Rosin Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Gum Rosin Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Gum Rosin Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Gum Rosin Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Gum Rosin Market Structure

Key Questions Answered in the Report

What was the gum rosin market value in 2022?

In 2022, the market reached an approximate value of USD 1.48 billion.

What is the growth rate of the gum rosin market?

The market is projected to grow at a CAGR of 5.1% between 2023 and 2028.

What is the forecast outlook of the gum rosin market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 1.99 billion by 2028.

What are the major market drivers?

The major market drivers are its growing applications in adhesives and paints and coatings sectors and rapid urbanisation and industrialisation.

What are the key trends of the market?

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.

What are the major regional markets for gum rosin, according to the report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the various types of gum rosin products in the market?

Various types of products in the market are WW, WG, N, and X.

Who are the key market players, according to the gum rosin market report?

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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