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Gum Rosin Market Trends

Report ID: GMI3839
Published Date: Jul 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for gum rosin was worth USD 1.68 Billion in 2023 and is projected to reach USD 2.54 billion by 2032, owing to the growing demand for adhesives & sealants from construction, packaging, automotive, and woodworking industries.

The pine trees segment held a major share of over 35% in gum rosin industry in 2022 and is anticipated to grow at a significant pace through 2032, owing to abundance of pine trees.

The U.S. dominated the North America gum rosin market with a major revenue share of USD 1180.8 million in 2022 and is projected to grow at a rapid rate during 2023 and 2032, backed by the large manufacturing base for adhesives & sealants.

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