An Incisive, In-depth Analysis on the Gum Rosin Market
This study offers a comprehensive, 360 degree analysis on the Gum Rosin market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gum Rosin market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The report covers comprehensive information about market trends, volume (KT) and value (US$ Mn) projections, recent developments and dynamics in the global Gum Rosin market for the period between 2018 and 2028.
The global Gum Rosin market is projected to reach a market value of US$ 1.97 Bn during the forecast period and is anticipated to grow at a CAGR of 4.7%, by value. Growing demand from adhesives and decorative paints is the prime factor expected drive the demand for Gum Rosin in the global market.
Increasing Demand for Bio-Based Materials from Various Industries
Bio-based materials, such as Gum Rosin, are majorly derived from renewable energy sources of energy. Gum Rosin, in particular, is derived from pine chemicals derived from pine tree using the pine tapping process. There are various advantages of using bio-based materials instead of synthetic or petrochemical based materials. For instance, bio-based materials are eco-friendly and easily degrade into the environment. That apart, due to stable supply of bio-based sources, price fluctuations are low when compared to petrochemical based materials.
According to the “3rd Annual Conference and Expo on Biomaterials”, the Bio-based materials market is expected to register significant growth rate due to easy availability of funds & grants by government bodies globally, technological advancements and growing demand for environment-friendly products around the globe.
Growth of End-Use Industries is a Positive Sign
Gum Rosin is used as a base material in various applications, such as paints & coatings, printing inks, textile printing inks, rubbers, adhesives, etc. Growing applications of Gum Rosin in various end-use industries is expected to drive the growth of the global Gum Rosin market during the forecast period.
Gum Rosin easily dissolves in alcohol, gasoline, etc. and thus, is used as a basic ingredient in paints or decorative paints. The paints & coatings industry is continuously growing due to growing demand from construction and automotive industries. Additionally, increasing demand for Gum Rosin from printing ink and paper industries will also give a push to the Gum Rosin market over the forecast period.
The paints and coatings segment is expected to grow at 5.4% CAGR, by value, during the forecast period. Growing demand for natural raw materials in various industries is an important factor that will create new opportunities for the Gum Rosin market to grow further in the coming years.
Growing Demand from Adhesives Application to Boost Market Growth
In adhesives, Gum Rosin is used as a raw material to enhance softness, strength and adhesion of adhesives. Adhesives are used in the manufacturing of furniture and rubber boots as well as in bookbinding and packaging industries.
Growing demand for furniture and growing rubber industry are important factors that will drive the growth of adhesives market in the years to come, which in turn, will indirectly positively impact the global Gum Rosin market. Additionally, the packaging industry is expected to witness healthy growth in future, which may increase the demand for adhesives in the global market. The adhesives market is continuously growing at a significant rate and the demand for natural ingredients based adhesives is expected to increase further in near future. This will further push the growth of the Gum Rosin market during the forecast period. The adhesives segment will drive the global Gum Rosin market and is projected to create absolute dollar opportunity worth US$ 249.2 Mn during the forecast period.
China to Remain a High Growth – High Value Market for Gum Rosin
Production and consumption of Gum Rosin in China is expected to grow at a prominent rate during the forecast period due to increasing demand for natural raw materials from adhesives, paints and printing inks industries in China. The country is also a prime exporter of Gum Rosin in the South East Asia region. Owing to these factors, the China Gum Rosin market is expected to register significant growth during the forecast period.
Furthermore, well-established distribution and production facilities across countries, such as Indonesia, Vietnam, India, etc., and growing Gum Rosin consumption will create a healthy platform for the growth of the Gum Rosin market in the Asia Pacific region.
Gum Rosin Market – Competition Landscape
The global Gum Rosin market is a fragmented market and most major market participants held single digit market share in 2017. The top ten to twelve players in the global Gum Rosin market collectively hold between 30% and 35% market share.
Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group and EURO-YSER.
Key Questions Answered In the Global Gum Rosin Report
How has the Gum Rosin market evolved over the past four years?
What are some of the prevailing market dynamics in the Gum Rosin market?
What shape is the Gum Rosin market expected to take in terms of volume and value during the study period?
What are the competition developments and trends in the Gum Rosin market?
What are the important key challenges, opportunities and improvement factors for Gum Rosin market players?
What are some of the underlying macro-economic and industry factors impacting the growth of the Gum Rosin market?
What are the important market positioning and key strategies of key Gum Rosin manufacturers as per the market taxonomy?
How is the competition structured at present and how has it evolved in the Gum Rosin market over the past few years?
This FMI study on the Gum Rosin market offers a ten-year forecast for the global Gum Rosin market from 2018 to 2028. This study on the Gum Rosin market considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2028. The Compound Average Growth Rate (CAGR) in the Gum Rosin market study has been represented from 2018 to 2028.
This Gum Rosin market study covers various perspectives of the market, including market dynamics, competition analysis, value chain and pricing chain analysis, regional and segmental growth comparison, macro-economic and industry growth analysis and segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global Gum Rosin market is projected to grow at a CAGR of 4.7% between 2018 and 2028, in terms of value. Growing paints & coating and adhesives industries and high demand from printing ink and rubber applications are some of the factors positively impacting the growth of the global Gum Rosin market.
Gum Rosin is a solid natural compound derived from pine trees and produced using the distillation process. It is also referred to as Greek pitch or colophony. Gum Rosin is a semi-transparent material and is available in different types and different colours.
This FMI report on the Gum Rosin market carefully analyses the market at regional and global levels through market segmentation on the basis of key parameters, such as product type, application and region. This Gum Rosin market report is structured to facilitate the reader to develop a detailed understanding of the market. The Gum Rosin market report begins with definitions related to the market, which are followed by market background, market dynamics and analysis of the market by key segments, regional analysis of the market and competition landscape. Each section of the Gum Rosin market report includes a quantitative and qualitative assessment of the market on the basis of historical developments, facts and key opinions collected from various industry participants through dedicated interviews with market participants.
Gum Rosin Market: Segmentation
The Gum Rosin market report begins with an introduction to the market, which includes market taxonomy and product definitions with respect to the global Gum Rosin market assessment. In the following section, the Gum Rosin market report describes the market development background, covering industry factors and macro-economic factors affecting the Gum Rosin market for the base year considered for the study.
The next section of the Gum Rosin market report discusses the dynamics in the market, such as drivers (demand and supply side), restraints, opportunities and trends impacting the market growth at a global level. Market potential for manufacturers has been presented in the following section of the same chapter. This section also includes an assessment of the impact of market dynamics on the global Gum Rosin market.
Subsequent sections of the report provide value (US$ Mn) and volume (Consumption in KT) projections for the Gum Rosin market on the basis of the above-mentioned segments at a global level. The values for the global market represented in these sections have been agglomerated by collecting data and information at the regional level.
All the above sections evaluate the present Gum Rosin market scenario and growth prospects in the global Gum Rosin market while the forecast presented in the sections assesses the market size in terms of volume and value.
Additionally, it is imperative to note that, in an inconsistent global economy, we not only conduct forecast in terms of CAGR, but also analyse the market on the basis of crucial parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the Gum Rosin market and identify the accurate opportunities available.
In order to understand the key market segments in terms of growth across concerned regions, FMI has developed an attractiveness index, which will help readers identify real market opportunities.
Another significant feature of this Gum Rosin market report is the analysis of all the key segments in the Gum Rosin market, sub-segments and regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, the absolute dollar opportunity is critical in assessing the level of opportunity a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the Gum Rosin market.
In the concluding section of the Gum Rosin market report, a competitive landscape of the Gum Rosin market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the Gum Rosin market and key differentiating factors and strategies. The primary category of providers covered in this report include Gum Rosin manufacturers. This section of the Gum Rosin market report has been primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Gum Rosin market. Some of the key competitors covered in this report include PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group and EURO-YSER.