Rosin Market Report

Rosin Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2015 To 2022

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  • Report ID: GVR1544
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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 the 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 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 thermo plastics applications. Tall oil rosin is the second major market for rosin followed by wood resin. Tall rosins are extensively used in adhesives, water proofing applications, printing inks, enamels and other varnishes. Strong demand from adhesive industry is the key factor to drive the market over the forecast period.

Major application of rosins include 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 rosin market owing to its high sticky property which allows good printing advantages over the other traditional materials. Other applications 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 presence of numerous pine trees, major source of rosin. Gum rosin market has been witnessing strong growth in China owing to no gum rosin import from other countries. However, low price of turpentine oil in Brazil resulted in increased turpentine oil imports from Brazil. Due to this reason, 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 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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