2019 Gum Rosin Market - Latest trends, Growth and Forecast up to 2025
Gum Rosin Market size is predicted
to witness significant growth owing to growing demand from major application
segments including printing inks and synthetic rubber. It is a major component
in synthetic & rubber based adhesives, as it enhances softness, strength,
and adhesion of adhesives, which are used in manufacturing of rubber boots and
furniture, bookbinding, and packing industry. Rosin is widely used in printing
ink industry in manufacturing ink as a color carrier along with increasing its
hold on paper and reducing blurriness of presswork which should stimulate
market growth.
Gum rosin, also known as
colophony, is a compact resin form from pines & other plants such as
conifers, manufactured by warming liquid resin to evaporate volatile liquid
components. It consists of residue obtained by distillation of oleoresin from
pine trees wood rosin, usually of a darker color. Rosin is semi-transparent and
its color varies from yellow to black. It is brittle at normal temperature and
melts at higher temperatures. At high temperatures, it becomes sticky and has
pine like odor.
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Gum rosin
holds wide applications in various industries such as paint & coating,
metal processing, foodstuff, construction, papermaking, fine chemicals,
adhesives, synthetics, and electric industry. Gum rosin is one of the key
components in paint & coating industry owing to its dissolving property
with solvents such as turpentine alcohol, and gasoline. It also play a major
role in road coating production and is used to make thermoplastic coatings for
road sign injunction. Global paint & coating market size is likely to
surpass USD 230 billion by the forecasted timeframe on account of its
increasing demand from manufacturing industry, which shall foster product
demand by 2025.
Gum rosin
is used for a number of purposes such as for manufacturing adhesives, printing
inks, paper sizing agents, solders and fluxes, insulating materials for electronics
industry, various surface coatings, chewing gums, synthetic rubber, soaps &
detergents. It’s major uses are making soaps, varnishes, printing inks, sealing
wax, sizes for paper, driers, binders, adhesives, gloss paint oils, soldering
fluxes, and pitch. The demand of resins from dance studios and theaters is
increasing as it is used on dancer’s shoes, and floors to prevent skidding,
which is further fueling product demand.
Rising
product demand from potters particularly during pot extraction from blazing hot
kilns will drive Gum Rosin Market size. Growing number of steel plants globally
will create positive outlook for product demand owing to resilient resistance
against extreme temperatures and corrosion. Increasing need for abrasion
resistance material during several operations including grinding, drilling and
welding has enhanced product scope. Necessity for safety gears during handling
of high temperature equipment accompanied by abundance raw material
availability will support industry demand. Increasing product adoption in food
processing industry due to its high temperature resistance property will drive Gum
Rosin Market size.
Asia
Pacific, led by India, Japan, and China gum rosin market demand is anticipated
to witness fast growth owing to high demand from end use industries such as
construction, steel and electric equipment industry. It is used as insulating
material in electronic equipment and as a metallic polishing agent and soldering
aid. China market volume is likely to increase on account of developing
adhesives, paper sizing, synthetic rubber, and printing inks. China printing
ink consists of around 7% rosin content with a market size of USD 160 billion
in 2018 and is likely to grow by the forecasted timeframe owing to increasing
demand from construction industry, which is predicted to boost gum rosin market
share.
Europe gum rosin market size, led by France,
Italy, UK, and Germany is likely to witness substantial increase by 2025 on
account of rising demand from food and soap industries. Gum rosin, on account
of its chemical property and low price is used in manufacturing soap as a
replacement of aliphatic acid. It is widely used in food industry, to make
chewing gum and other confectionaries, it is evolving as one of the most
emergent ingredients in confectionary.
European confectionery market worth is
predicted to surpass USD 80 billion by 2025 among which chewing gum holds a
major share owing to dental benefits. Gum rosin is renewable and is easily
degradable in the environment, which is likely to boost its market size on
account of increasing concerns for healthy eating habits coupled with growing
preference for bio based material market.
North
America, led by Mexico, Canada, and U.S. gum rosin market is likely to witness
significant growth on account of growing demand from pharmaceutical and
packaging industry. Gum rosin exhibits a wide range of applications in
pharmaceutical industry owing to its excellent coating and film forming
properties. It is used in enteric coating and tablet coating purpose. Regional
pharmaceutical market size has a huge potential and is likely to surpass USD 25
billion by 2022 owing to increasing investments made by government to control
mortality rate due to lack of medical assistance and provide the best medical
services, which is predicted to stimulate product demand by the forecasted
timeframe.
North America, led by Mexico,
Canada, and U.S. gum rosin market is likely to witness significant growth on
account of growing demand from pharmaceutical and packaging industry. Gum rosin
exhibits a wide range of applications in pharmaceutical industry owing to its
excellent coating and film forming properties. It is used in enteric coating
and tablet coating purpose. Regional pharmaceutical market size has a huge
potential and is likely to surpass USD 25 billion by 2022 owing to increasing
investments made by government to control mortality rate due to lack of medical
assistance and provide the best medical services, which is predicted to
stimulate product demand by the forecasted timeframe.
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2019 Gum Rosin Market - Latest trends, Growth and Forecast up to 2025
![2019 Gum Rosin Market - Latest trends, Growth and Forecast up to 2025]()
Reviewed by GMI
on
September 10, 2019
Rating:
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