GVR Report cover Rosin Market Size, Share & Trends Report

Rosin Market Size, Share & Trends Analysis Report By Product, By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Report ID: GVR1544
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global rosin market has been witnessing strong growth over the past few years on account of its widespread application base in various industries such as sealing wax, adhesives, printing inks, laser printing papers, and chewing gums owing to its high adhesion properties. Increasing demand from these end-use applications is the key factor to drive the market over the forecast period. In addition, increasing demand for rosin resins is one of the key factors to augment market growth over the next seven years. Rosins have also been used in pharmaceutical industries to formulate microcapsules and nanoparticles. Increasing demand from pharmaceutical industries is further expected to drive the market over the forecast period. Rosin is also used in the production of turpentine oil. Increasing demand for turpentine oil from furniture is also anticipated to complement the market growth over the foreseeable period. However, increasing prices of rosin is anticipated to hamper the market growth over the forecast period. Moreover, growing demand for pine chemicals, substitute of rosin in major regional markets including China and European countries is anticipated to hinder rosin market growth over the next seven years.

Based on product type rosin market can be segmented into gum rosin, tall oil rosin, and wood rosin. Gum rosin was the leading product segment in this market owing to its widespread application base in adhesives, printing inks, road marking, chewing gums, and other thermoplastics applications. Tall oil rosin is the second major market for rosin followed by wood resin. Tall rosins are extensively used in adhesives, waterproofing applications, printing inks, enamels, and other varnishes. Strong demand from the adhesive industry is the key factor to drive the market over the forecast period.

The major application of rosins includes adhesives, road marking, coating, inks, paper sizing, rubbers, and rosin soaps among many others. Adhesives, road marking, and coating application together hold the major market share of rosin. Owing to the high adhesion property of rosin, the demand from these applications has been increasing and this trend is expected to continue over the forecast period. Printing inks is the second major application segment for the rosin market owing to its high sticky property which allows good printing advantages over the other traditional materials. Other application segments including paper sizing, rubber, and rosin soaps are expected to witness considerable growth over the forecast period.

Asia Pacific emerged as the leading regional market for rosin in 2013 in terms of production and consumption. In Asia Pacific, China is the leading producer of gum rosin owing to the presence of numerous pine trees, a major source of rosin. Gum rosin market has been witnessing strong growth in China owing to no gum rosin import from other countries. However, the low price of turpentine oil in Brazil resulted in increased turpentine oil imports from Brazil. Due to this reason, the turpentine market in China has been negatively affected which is expected to hamper the market growth in this region.  Europe was the second-largest market for rosin and it is expected to witness significant growth over the forecast period.

Key players in the rosin market include Indonesia Pinus, Forestarchem Chemical Co., Ltd., Jiangsu Hualin Chemical Co., Ltd, Jinggu Forest Chemical Co., Ltd., Resin Chemicals Co., Ltd. and Guilin Songquan Forest Chemical Co., Ltd.

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