Gum Rosin Market - By Grade (WW Grade, WG Grade, N Grade, X Grade, M Grade, K Grade), By Source (Pine Trees, Spruce Trees, Coniferous Trees, Non-coniferous Trees), By Application, Forecast 2024 – 2032

Gum Rosin Market Size

Gum Rosin Market was valued at USD 1.68 billion in 2023 and is anticipated to grow at a CAGR of 4.9% between 2024 and 2032. The growing construction, packaging, automotive, and woodworking industries are creating a demand for adhesives & sealants, fueling the gum rosin demand. The printing industry growth, which is attributed to the expansion of packaging, publishing, and advertising sectors, is increasing the demand for gum rosin. Gum rosin also finds applications in other industries such as construction chemicals, printing plates, specialty chemicals, and electrical insulation.
 

Gum rosin is utilized to manufacture soaps, detergents, and personal care products including cosmetics & toiletries. The growing population, rising disposable incomes, and changing consumer preferences are fueling the demand for such products, subsequently increasing the demand for gum rosin.

Weather conditions, environmental regulations, and market dynamics influence the sourcing & prices of raw materials, particularly pine resin. The volatile raw material prices can impact the gum rosin industry, affecting the manufacturing costs and profit margins. Gum rosin faces competition from synthetic alternatives that offer similar properties and performance. Synthetic resins may offer benefits such as consistent quality, lower costs, and availability in larger quantities. The rising preference for synthetic resins is hampering the gum rosin market growth. These factors may reduce the acceptance rate of gum rosin, further impeding business growth.
 

COVID-19 Impact

During the COVID-19 pandemic, supply chain disruptions and the overall market conditions resulted in supply & price volatility for gum rosin. Fluctuating raw material prices, transportation restrictions, and uncertainties in global trade affected the pricing dynamics of gum rosin products. The pandemic witnessed varying impacts on the demand for gum rosin from different industries. Certain industries, such as adhesives, printing inks, and coatings, witnessed a lower demand during lockdowns owing to reduced manufacturing projects and consumer expenditure. On the other hand, sectors including pharmaceuticals and food packaging witnessed an increased demand for gum rosin products. Subsequently, the reduced COVID-19 cases and enactment of strategies by government & non-government organizations are anticipated to drive market growth in the future.
 

Gum Rosin Market Trends

The adhesives industry is a major end user of gum rosin. With the expansion of industries, such as packaging, construction, and automotive, there is an increased demand for adhesives, which is driving gum rosin demand. In adhesive preparations, gum rosin offers properties such as tackiness, adhesion, and flexibility. Gum rosin is widely used to produce printing inks owing to its effective solubility and compatibility with ink formulations. The printing & publishing industry growth, especially in emerging economies, is driving the demand for gum rosin in printing inks.
 

Gum Rosin Market Analysis

Based on grade, the gum rosin market is categorized into WW grade (Water White), WG grade (Water-glassy), N grade (Non-water White), X grade (Semi-transparent), M grade (Milk grade), K Grade, and others. The WW grade segment held a major market share of USD 934.8 million in 2022. Different industries have specific quality and performance requirements for gum rosin as per the applications. High-grade gum rosin with better purity, color, and consistency is used in applications where product quality and performance are crucial; for instance, in the manufacturing of high-end adhesives, coatings, and inks. The increasing use of high-grade gum rosin will further accelerate segment growth.
 

Based on source, the gum rosin market is categorized into pine trees, spruce trees, non-coniferous trees, and other coniferous trees. The pine trees segment held a major market share of over 35% in 2022 and is anticipated to grow at a significant pace by 2032. Gum rosin is collected from the resinous sap of several tree species, most commonly pine, spruce, and other coniferous trees. Depending on the region where these trees are found and their suitability for gum rosin production, the source of gum rosin is determined.
 

Based on application, the gum rosin market is categorized into adhesives, paints & coatings, printing inks, rubber compounding, paper sizing, synthetic resins, chewing gum, and other industrial applications. The adhesives segment held a dominant market share in 2022 and is expected to grow at a CAGR of 3.98% through 2032. The tackiness, adhesion, and compatibility with other resins make gum rosin a popular choice in applications such as packaging, woodworking, and construction. Increased construction activities, enhanced packaging, and changing consumer preferences are driving gum rosin demand in the adhesives & sealants industry. Gum rosin provides viscosity control, pigment dispersion, and ink adhesion properties. In the printing inks industry, factors including printing & packaging industry growth, advancements in printing technologies, and changing consumer preferences are influencing gum rosin demand. The growing utilization of gum rosin is projected to augment business expansion.
 

U.S. gum rosin market dominated the North America region with a major revenue share of USD 1.18 billion in 2022 and is projected to grow at a rapid rate by 2032. North America has a large manufacturing base for adhesives & sealants, which is majorly driven by the construction, packaging, automotive, and woodworking sectors. Growth in these industries and the need for reliable & effective bonding solutions are fueling the demand for gum rosin as a key raw material in adhesive preparations. The expanding regional printing & packaging industry is driving the demand for gum rosin in printing inks. The well-established publishing, commercial printing, and packaging sectors in North America have increased the demand for high-quality printing inks, in which gum rosin is used as a vital component.
 

Gum Rosin Market Share

Major market players operating in the gum rosin market include

• Derives Résiniques et Terpéniques (DRT)
• Resinall Corp.
• Wuzhou Sun Shine Forestry & Chemicals Co.
• Kraton Corporation
• Pinova Holdings
• Arakawa Chemical Industries

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are investing significantly in research to introduce innovative products and garner maximum market revenue.

The gum rosin market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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By Grade

• WW Grade (Water White)
• WG Grade (Water-glassy)
• N Grade (Non-water White)
• X Grade (Semi-transparent)
• M Grade (Milk Grade)
• K Grade
• Others

By Source

• Pine Trees
• Spruce Trees
• Non-coniferous Trees
• Other Coniferous Trees

By Application

• Adhesives
• Paints & Coatings
• Printing Inks
• Rubber Compounding
• Paper Sizing
• Synthetic Resins
• Chewing Gum
• Other Industrial Applications

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE