Rosin Amine Market: Current Analysis and Forecast (2021-2027)

Rosin Amine Market: Current Analysis and Forecast (2021-2027)

The global rosin amine market is likely to showcase robust growth during the forecast period. Rosin amine is derived using ammonia and rosin. It is soluble in solvents while insoluble in cold water, and partly soluble in hot water. Thereby, it found application in a large number of industrial applications. As a result, the demand for rosin amine depends upon the performance of industries. As per the data obtained from secondary research, the global industrial production was showcasing considerable growth till 2019, however, with the emergence of COVID-19, industrial production was affected severely, which in turn, affected the production and consumption of rosin amine. It is used as an additive for electronic solder pastes; detergents for water treatment; disinfection agent for industrial cleaning; a dispersing agent of optics; used as floatation; intermediate for inks and medicine; ingredient of lubricants; as an abietylamine acetate for killing algae, bacteria; mildew; mollusk, and others pest; preservative of petroleum pipeline; and used in pigment. However, as the global economy witnessed a V-shaped recovery in 2021 showcasing improving industrial production, as a result, demand for rosin amine is increasing.

Insights Presented in the Report

“Amongst type, the gum rosin amine segment held a prominent share in the market in 2020.”

Based on type, the market is categorized into gum rosin amine, disproportionated rosin amine, polymerized rosin amine, hydrogenated rosin amine, and others. Among these, gum rosin amine is widely used owing to a large amount of production of gum rosin due to the less intricate procedure of production compared to its counterparts. Further, due to large production, the availability of gum rosin is high at a lower cost, thereby consumers preferred it over others in order to maintain operational efficiency.

“Amongst application, the soldering and water treatment accounted for a considerable share in the global rosin amine market

Based on application, the market is categorized into soldering, water treatment, anti-corrosive inhibitor, industrial cleaning, lubricating agent, floatation agent, medicine, optical separation agent, dyestuff, and others. Among these, soldering and water treatment applications are likely to showcase considerable growth owing to increasing investment in the electronics industry to increase the global production of semiconductors. Further, the water treatment industry is showcasing robust growth as the treatment of water and wastewater is necessary for mankind to meet the demand for water resources, not only for municipal and agricultural purposes but also for critical industrial processes.

“Asia Pacific captured significant position in the Rosin Amine market”

For a better understanding of the market adoption of rosin amine, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to the large and growing base of the end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Further, increasing strict legislation to provide clean water is driving the demand for rosin amine.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country-level analysis of the industry

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