The research study conducted by Report Ocean on the “ Gum Rosin Market” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Gum rosin, also known as colophony, is a natural resin obtained from the oleoresin of pine trees. It is produced by tapping living pine trees and collecting the sticky substance that oozes out. Gum rosin is solid and translucent, with a brittle texture and a yellow to amber color. It consists mainly of resin acids and has a wide range of applications, including as a binder in adhesives, as a tackifier in coatings and inks, as a flux in soldering, as an ingredient in chewing gum and cosmetics, and in various other industrial and consumer products. Accordingly, the market growth is being propelled by major factors such as the rising demand for bio-based adhesives and sealants, and the flourishing paper packaging industry.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw7863
Gum rosin plays as a binder in adhesives and as softener in the synthetic rubber sector. As a result, the increasing demand and expansion of these industries are projected to be the key drivers of growth in the gum rosin industry. In the 2022 report published by the International Rubber Study Group (IRSG), it was stated that global natural rubber (NR) production experienced a growth rate of 5.4% in 2021. The report indicated that the production of NR increased from 13.065 million tons in 2020 to 13.770 million tons in 2021. Additionally, the market is poised to benefit from multiple growth opportunities, including the increasing demand for anti-slip agents for stadium floors and the emergence of new applications in the pharmaceutical industry. These factors present favorable prospects for market expansion. However, the market growth is being impeded by key factors such as the increasing preference for tall oil rosin-based phenolic resins and the volatility in raw material prices. 2023-2030.
The key regions considered for the Global Gum Rosin Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the region’s rapid expansion in key industries that heavily rely on gum rosin, including adhesives, printing inks, synthetic rubber, and paper sizing. The robust growth of these application industries in the APAC region has been a driving factor for the the gum rosin market. Asia Pacific is also expected as the fastest growing region during the forecast period. The accelerating industrial growth and improving consumer lifestyles in this region have resulted in a growing need for high-quality products in key sectors such as automotive and building & construction. The growing demand from the paints and coatings industry, rise in use in printing inks, and expanding construction and infrastructure activities. This surge in demand for superior-quality goods is identified as a significant driver for the increased utilization of gum rosin.
Major market players included in this report are:
Arakawa Chemical Industries Ltd
Finjet Chemical Co. Ltd
Forestar Chemical Co. Ltd
Foreverest Resources Ltd
Guangdong KOMO Co., Ltd.
Guangxi Tone Resin Chemical Co. Ltd
Harima Chemicals Group Inc.
Silver Fern Chemical Inc.
United Resins
Wuzhou Sunshine Forestry and Chemicals Co. Ltd
Recent Developments in the Market:
In September 2020, Ahmed Abdi, the Regional Manager of the Northern Region in Wajir, highlighted that the selection of the factory’s location was influenced by its proximity to Wajir International Airport and its easy accessibility from neighboring countries that also engage in gum and resin production. Its focus is on expanding the factory, and this effort has been bolstered by a financial injection of Sh80 million from the national government. The funds is utilized to install a second processing line.
Global Gum Rosin Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application:
Paper Sizing
Printing Ink
Adhesives and Sealants
Rubber
Paints and Coatings
Other Applications
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
Request full Report
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.