Gum Rosin Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Gum Rosin Market
The gum rosin market size was valued at USD 1.49 billion in 2023, and the market is now projected to grow from USD 1.51 billion in 2024 to USD 2.39 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2023-2030.
The COVID-19 pandemic appreciably impacted gum rosin market growth, mainly due to decreased calls in print media, car, and production sectors. As virus control improved and cases declined from mid-2020, the demand for colophony began to recover gradually.
Growing demand in sectors including adhesives, paints, coatings, and paper is fueling the gum rosin market share, spurred by the aid of sustainability developments. Adhesive programs, pushed by using car and production sectors, are key, along with their use in machinery, electronics, and furnishings. Chemically altered colophony, primarily composed of pimaric and abietic acid, serves diverse downstream applications such as paper adhesives, printing inks, and industrial coatings.
Additionally, rising demand for sustainable alternatives across industries drives the gum rosin market. Colophony, sourced from pine trees, replaces petroleum resins, aiding carbon emission reduction. With global initiatives for carbon neutrality, such as India's 2070 target, gum rosin's sustainability is increasingly sought after amid limited petroleum resources and escalating synthetic resin prices.
Comprehensive Analysis of Gum Rosin Market
The gum rosin market and the chemicals & advanced materials sector are experiencing rapid growth, driven by their segmented markets. This expansion allows for comprehensive evaluations of how supply and demand dynamics influence the benefits within the chemicals & advanced materials domain. These market segmentation are meticulously categorized based on application segmentation. The application includes, Paper Sizing, Printing Inks, Adhesives, Rubber, and Others
North America dominates the gum rosin market due to its extensive usage in adhesives, rubber, paper sizing, and printing inks, fueled by robust building & construction and automotive sectors. Market growth is further propelled by increased disposable income and growing sustainability awareness in the region.
Key market players significantly influence the chemicals & advanced materials sector, driving industrial growth and establishing market benchmarks. These prominent players comprise Harima Chemicals Group (Japan), United Resins SA (Portugal), GUM CHEMICAL SOLUTIONS (Portugal), Forestar Chemical Co. Ltd. (China), GUILIN SONGQUAN FOREST CHEMICAL CO., LTD. (China), IRANI PAPEL E EMBALAGEM S.A. (Brazil), Jinggu Forestry Chemicals (China), CV. INDONESIA PINUS (Indonesia), Floripinus Chemical Industries (Brazil), PT. Naval Overseas (Indonesia), The Pinus Brasil Group (Brazil), AS Resinas (Brazil) and Costa & Irmãos (Portugal).
Segmentation Table
GlobalGum Rosin Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 5.4% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion) and Volume (Kiloton)
Segmentation By Application, and Region
By Application Paper Sizing
Printing Inks
Adhesives
Rubber
Others
By Region North America (By Application, Country)
- U.S.
- Canada
Europe (By Application, Country)
- Germany
- U.K.
- France
- Italy
- Rest of Europe
Asia Pacific (By Application, Country)
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Latin America (By Application, Country)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Application, Country)
- GCC
- South Africa
- Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends
- 4.2. Latest Technological Advancement
- 4.3. Insights on Regulatory Scenario
- 4.4. PEST Analysis
- 4.5. Insights on Brazil Market for Gum Rosin & Gum Turpentine
- 4.6. Production Capacities of Leading Players of Gum Rosin in Brazil
- 4.7. Impact of COVID-19 on the Market
- 5. Global Gum Rosin Market Analysis, Insights and Forecast, 2019–2032
- 5.1. Key Findings / Summary
- 5.2. By Application (Value & Volume)
- 5.2.1.
- 5.2.1.1. Paper Sizing
- 5.2.1.2. Printing Inks
- 5.2.1.3. Adhesives
- 5.2.1.4. Rubber
- 5.2.1.5. Others
- 5.3. By Region (Value & Volume)
- 5.3.1.
- 5.3.1.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East & Africa
- 6. North America Gum Rosin Market Analysis, Insights and Forecast, 2019–2032
- 6.1. Key Findings / Summary
- 6.2. By Application (Value & Volume)
- 6.2.1.
- 6.2.1.1. Paper Sizing
- 6.2.1.2. Printing Inks
- 6.2.1.3. Adhesives
- 6.2.1.4. Rubber
- 6.2.1.5. Others
- 6.3. By Country (Value & Volume)
- 6.3.1.
- 6.3.1.1. U.S.
- 6.3.1.2. Canada
- 7. Europe Gum Rosin Market Analysis, Insights and Forecast, 2019–2032
- 7.1. Key Findings / Summary
- 7.2. By Application (Vale & Volume)
- 7.2.1.
- 7.2.1.1. Paper Sizing
- 7.2.1.2. Printing Inks
- 7.2.1.3. Adhesives
- 7.2.1.4. Rubber
- 7.2.1.5. Others
- 7.3. By Country (Value & Volume)
- 7.3.1.
- 7.3.1.1. Germany
- 7.3.1.2. U.K.
- 7.3.1.3. France
- 7.3.1.4. Italy
- 7.3.1.5. Rest of Europe
- 8. Asia Pacific Gum Rosin Market Analysis, Insights and Forecast, 2019–2032
- 8.1. Key Findings / Summary
- 8.2. By Application (Value & Volume)
- 8.2.1.
- 8.2.1.1. Paper Sizing
- 8.2.1.2. Printing Inks
- 8.2.1.3. Adhesives
- 8.2.1.4. Rubber
- 8.2.1.5. Others
- 8.3. By Country (Value & Volume)
- 8.3.1.
- 8.3.1.1. China
- 8.3.1.2. India
- 8.3.1.3. Japan
- 8.3.1.4. South Korea
- 8.3.1.5. Rest of Asia Pacific
- 9. Latin America Gum Rosin Market Analysis, Insights and Forecast, 2019–2032
- 9.1. Key Findings / Summary
- 9.2. By Application (Value & Volume)
- 9.2.1. Paper Sizing
- 9.2.2. Printing Inks
- 9.2.3. Adhesives
- 9.2.4. Rubber
- 9.2.5. Others
- 9.3. By Country (Value & Volume)
- 9.3.1.
- 9.3.1.1. Brazil
- 9.3.1.2. Mexico
- 9.3.1.3. Rest of Latin America
- 10. Middle East & Africa Gum Rosin Market Analysis, Insights and Forecast, 2019–2032
- 10.1. Key Findings / Summary
- 10.2. By Application (Value & Volume)
- 10.2.1.
- 10.2.1.1. Paper Sizing
- 10.2.1.2. Printing Inks
- 10.2.1.3. Adhesives
- 10.2.1.4. Rubber
- 10.2.1.5. Others
- 10.3. By Country (Value & Volume)
- 10.3.1.
- 10.3.1.1. GCC
- 10.3.1.2. South Africa
- 10.3.1.3. Rest of Middle East & Africa
- 11. Company Profiles
- 11.1. Harima Chemicals Group
- 11.1.1. Overview
- 11.1.2. Products & Services
- 11.1.3. Recent Developments
- 11.1.4. Strategies
- 11.1.5. Financials (based on availability)
- 11.2. Guangxi Sinoinfo IT Co., Ltd.
- 11.2.1. Overview
- 11.2.2. Products & Services
- 11.2.3. Recent Developments
- 11.2.4. Strategies
- 11.2.5. Financials (based on availability)
- 11.3. PINOPINE.COM
- 11.3.1. Overview
- 11.3.2. Products & Services
- 11.3.3. Recent Developments
- 11.3.4. Strategies
- 11.3.5. Financials (based on availability)
- 11.4. Forestar Chemical Co. Ltd.
- 11.4.1. Overview
- 11.4.2. Products & Services
- 11.4.3. Recent Developments
- 11.4.4. Strategies
- 11.4.5. Financials (based on availability)
- 11.5. GUILIN SONGQUAN FOREST CHEMICAL CO.,LTD.
- 11.5.1. Overview
- 11.5.2. Products & Services
- 11.5.3. Recent Developments
- 11.5.4. Strategies
- 11.5.5. Financials (based on availability)
- 11.6. IRANI PAPEL E EMBALAGEM S.A.
- 11.6.1. Overview
- 11.6.2. Products & Services
- 11.6.3. Recent Developments
- 11.6.4. Strategies
- 11.6.5. Financials (based on availability)
- 11.7. Jinggu Forestry Chemicals
- 11.7.1. Overview
- 11.7.2. Products & Services
- 11.7.3. Recent Developments
- 11.7.4. Strategies
- 11.7.5. Financials (based on availability)
- 11.8. CV. INDONESIA PINUS
- 11.8.1. Overview
- 11.8.2. Products & Services
- 11.8.3. Recent Developments
- 11.8.4. Strategies
- 11.8.5. Financials (based on availability)
- 11.9. Floripinus Chemical Industries
- 11.9.1. Overview
- 11.9.2. Products & Services
- 11.9.3. Recent Developments
- 11.9.4. Strategies
- 11.9.5. Financials (based on availability)
- 11.10. PT. Naval Overseas
- 11.10.1. Overview
- 11.10.2. Products & Services
- 11.10.3. Recent Developments
- 11.10.4. Strategies
- 11.10.5. Financials (based on availability)
- 11.11. The Pinus Brasil Group
- 11.11.1. Overview
- 11.11.2. Products & Services
- 11.11.3. Recent Developments
- 11.11.4. Strategies
- 11.11.5. Financials (based on availability)
- 11.12. AS Resinas
- 11.12.1. Overview
- 11.12.2. Products & Services
- 11.12.3. Recent Developments
- 11.12.4. Strategies
- 11.12.5. Financials (based on availability)
- 11.13. Costa & Irmãos
- 11.13.1. Overview
- 11.13.2. Products & Services
- 11.13.3. Recent Developments
- 11.13.4. Strategies
- 11.13.5. Financials (based on availability)
- 12. Strategic Recommendations
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