Gum Rosin Market Research Report Information By Type (WW, WG, K, X, Others) Product Type (Adhesive & Sealants, Rubber, Paint & Coatings, Printing Inks, Food & Beverage, Others) Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) Forecast 2030

Gum rosin Market Overview

The global gum rosin market is projected to register healthy growth during the forecast period, 2022–2030. The market was valued at USD 1,333.31 million in 2021 and is projected to register a CAGR of 4.06% to reach USD 1,877.12 million by the end of 2030.

Gum rosin is derived from oleoresin obtained by scarifying the pine trees. The inherent acidity, combined with other chemical properties, allows it to be converted into a large number of downstream derivatives used in various applications such as producing adhesives, paper sizing agents, printing inks, solders and fluxes, various surface coatings, insulating materials for the electronics industry, synthetic rubber, chewing gums, and soaps & detergents. The global gum rosin market is prominently influenced by many market-driven factors. Some of the market-driven factors that are slated to fuel the global market growth include increased gum rosin demand in the various end-use industries like paints & coatings, rubber industry etc. and its extensive use as a binder in adhesives for the construction industry. Apart from these factors, the opportunity to expand in Latin America and Middle East & Africa is projected to trigger global gum rosin market growth in the near future.

As it dissolves easily in alcohol, gasoline, turpentine, and other organic solvents, gum rosin is a basic material in the paint industry. Gum rosin is refined with a drying oil such as tung oil and mixed with a volatile solvent to produce various lacquers. Its used as a sizing agent in the papermaking industry because it improves paper strength, smoothness, and anti-abrasion. Gum rosin is used in rubber products as a low-cost tackifier and softener. And its end-use application in various other industries due to its improved chemical and physical properties may boost the growth of the gum rosin market in the forecast period.

COVID-19 Impact on the Gum rosin Market:

Gum rosin, derived from tree oleoresin, is also used to produce plastics and sealants. The demand for pine-based chemicals is expected to rise due to these factors, propelling the sector forward. However, the unpredictability of the cost of pine-derived chemicals limits their widespread use. As a result, the market's growth is likely to be slowed. Gum rosin production declined amidst the COVID-19 pandemic as market players had to shut operations below the optimal production capacities to avoid the spread of the novel coronavirus. Additionally, the variable costs of raw materials owing to supply disruptions due to border and trade restrictions have impacted gum rosin production. However, some large market players have continued operations at their production facilities. Furthermore, downturns in the European and Asian Pacific, particularly Chinese, Latin American, and other world economies, increases in interest rates, and unfavorable currency fluctuations have affected the gum rosin market.

COVID-19 has impacted the sales of gum rosins globally. The sales & distribution channel comprises distributors, retailers, wholesalers, and e-commerce merchants who have signed long-term agreements with the manufacturer to ensure the final product's availability at different locations as and when required. Although some form of supply chain disruption is unavoidable, there is a reason for optimism if past experiences are drawn upon. COVID-19, for example, graphically depicted the risks inherent in lean, cost-effective supply chains. It also emphasized the importance of improving supply-chain resilience skills. Companies that could effectively monitor and map their suppliers, even at the sub-tier site and part level, had a complete picture of how the pandemic affected their supply chains. Because of this, businesses could plan for the disruption ahead of time. Some people appear to have avoided any negative consequences.

Market Dynamics

• Increasing demand from various end-use applications: Most gum rosin is used in a chemically modified form rather than in its natural state. It primarily comprises abietic and pimaric acids, with minor amounts of neutral compounds. This inherent acidity, combined with other chemical properties, allows it to be converted into many downstream derivatives used in various applications. Salts, esters, and maleic anhydride adducts, as well as hydrogenated, disproportionated, and polymerized rosins, are among the derivatives. The majority of their applications are in the production of adhesives, paper sizing agents, printing inks, solders and fluxes, various surface coatings, insulating materials for the electronics industry, synthetic rubber, chewing gums, soaps and detergents, and other products.

• Availability of alternative solutions: Alternative solutions, such as tall oil rosin, pose significant challenges to market growth. Tall oil rosin is less expensive than gum resin. As a result, manufacturers prefer tall oil resins over gum rosins, particularly in the package printing industry. Gum rosin is a cost-effective substitute for inks that must dry quickly and have a high gloss. As a result, it impacts the growth of the gum rosin market. Furthermore, readily available low-cost petroleum-based rosin solutions such as Dicyclopentadiene, C9, and C5 provide superior performance, which is expected to limit the market growth. Dicyclopentadiene is a byproduct of the steam cracking of naphtha and gas oils to ethylene. The main application is in resins, specifically unsaturated polyester resins. Hydrogenated DCPD Resins are water-white thermoplastic resins derived from the polymerization and hydrogenation of monomers derived from cyclic ingredients. They are an excellent choice for EVA/APAO hot-melt adhesives, bookbinding, pressure-sensitive adhesives, and solvent-based adhesives due to their light color, low odor, and wide compatibility and solubility.

• Opportunity for the manufacturer to expand in the developing region of latin america, the middle east, and Africa: In countries such as Brazil and Argentina, private investors buy or lease land to cultivate densely spaced plantation forests. Skilled workers, known as "tappers," are hired directly or through "tapping businesses" to extract oleoresin. This agricultural concept defines and organizes forestry management and tapping methods. The tappers work for companies that maintain pine tree plantations, where they have access to cutting-edge equipment and are paid fairly. Oleoresin production in pine trees has increased due to PCI's use of cutting-edge molecular pine tree genetics and chemical stimulants. Previously, a single worker could only tap about 1,500-2,000 trees using standard PCI (Pine Chemical Industry) techniques; however, with R&D, that number has increased to 7,000-10,000 trees annually. In a commercial operation, a single tapper can tap four to six times as many trees as possible in a natural forest in the same amount of time.

• Fluctuating cost of gum rosin in the market: The production of gum rosin is weather sensitive process. The high temperatures promote resin flow, whereas prolonged periods of heavy rain do not, and the extent of seasonal climate changes largely determine when it is profitable to tap the trees. Tapping occurs for eight to nine months in temperate countries such as Portugal. Between one tapping season and the next is spent cleaning or replacing tools and accessories and installing or raising gutter systems and cups on the trees. Tapping can occur all year in more tropical countries with no prolonged cold periods, though heavy seasonal rains may disrupt it. Thus, the disruptions in the production process may result in a disruption in the supply chain, which in turn reflects on the cost of the gum rosin.

Segmentation

By Type

• WW


• WG


• K


• X


• Others

By Product Type

• Adhesive & Sealants


• Rubber


• Paint & Coatings


• Printing Inks


• Food & Beverage


• Others

By Region

• North America


• Europe


• Asia-Pacific


• Latin America


• Middle East & Africa

Regional Analysis

The global Gum rosin market is studied across the five key regions, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The sizable gum rosin industry in Asia-Pacific is likely to make the region the largest expanding global market for gum rosin. The gum rosin market is also anticipated to grow throughout the forecast period due to rising adhesives & sealants in developing nations like China and India. Because of the high demand for gum rosin for rubber, Europe has been actively monitoring the Asia-Pacific market. The growing demand for the product from various end-use sectors, including adhesives & sealants, paint & coating, and rubber, drives the North American market. The Latin America and Middle East & Africa regions are anticipated to grow during the forecast period. Due to technological developments and the rising demand for adhesives & sealants in these countries.

The Gum rosin market is studied for five regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, Asia-Pacific dominated the market with a share of 33.3%, it is expected to register the highest CAGR of 4.79% from 2022 to 2030. North America was the second largest, with a share of 32.1% in 2021; it is projected to exhibit a CAGR of 3.75%. It is anticipated that the markets in the Middle East & Africa, and Latin America will experience considerable growth over the projection period.

Competitive Landscape

Many regional and local vendors characterize the gum rosin market. The market is highly competitive, with all the players competing to gain maximum market share. The increasing gum rosin demand in automotive boosting the sales of gum rosin is the key driver of the market. The vendors compete based on cost, product quality, and the availability of the products according to the geographies. The vendors must provide cost-effective and high-quality gum rosin to compete in the market. The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies hold over 60% of the global market share. The market players' growth depends on the market and economic conditions, government regulations, and industrial development.

Thus, the players should focus on expanding the production capacity to meet the demand and enhance their services. Wuzhou Pine Chemicals Ltd., Jinggu Forestry Chemical Co., Ltd., Jiangmen Xinhui Overseas Chinese Industry Development Co., Ltd., Wuzhou Sun Shine Forestry and Chemicals Co., Ltd., Grupo RB, Forestar Chemical Co., Ltd., Perum Perhutani, PT. Naval Overseas, Punjab Rosin and Chemicals Work, and PinoPine are the major companies in the market at the present that are competing in terms of quality, price, and availability. These players are primarily focusing on the development of gum rosin. Although the international players dominate the market, regional and local players with small market shares also have a moderate presence.

Report Overview:

The Gum rosin market is segmented by Type, application, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Gum rosin emerging and fast-growing segments, regions, and countries.

Objectives of the Study

• To get a comprehensive overview of the global Gum rosin market


• To get wide-ranging information about the key factors driving the market and market opportunities


• To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments


• To gain insights about the key country/region in which the market is growing.

Intended Audience

• Industrial sector


• Construction sector


• Automotive sector


• Distributors & Suppliers


• Manufacturers