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Gum Rosin Market Competitive Landscape with Major Breakthrough by 2024

Increasing demand of gum rosin owing to growth of synthetic rubber industry primarily in China is expected to drive the market growth. Increasing demand for high grade gum rosin products including WW and X grade by application industries is expected to benefit the market growth.

The Global Gum Rosin Market is expected to reach USD 2.49 billion by 2024, according to a new report by Grand View Research, Inc.


The industry is characterized by abundance of raw materials in major producing regions such as Brazil, Indonesia, and China. In addition, the availability of low-cost labor, coupled with rapid development of the paper and adhesives industries in the region, is anticipated to provide impetus to the market growth.

The industry growth is expected to be restrained by increasing substitution of gum rosin by tall oil rosin. In addition, unfavorable weather conditions in China is expected to act as a major restraint for growth.

To Know More About Gum Rosin Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/gum-rosin-market

The market is expected to be driven by availability of low-cost gum rosin produced in Brazil and Indonesia. In addition, rapid development of the rubber, inks, and adhesives industry in Europe is likely to translate into increasing demand for the product in the region.

Top Players of Gum Rosin Market:

Key participants include Wuzhou Pine Chemicals, Groupo RB (Resinas Brasil Group), CV Indonesia Pinus, Guangdong KOMO and Socer Brasil.

Market Segmentation of Gum Rosin Market:

The Global Gum Rosin Market segmented on the basis of Product, Application and Region.

By Product:

    WW
    WG
    XN
    M
    K

By Application:

    Rubber Softener
    Adhesives
    Paper Sizing
    Thermoplastic coatings
    Food
    Inks

By Region:

    US
    Europe
    China
    Japan
    Rest of the World

Inquire about Gum Rosin Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3239
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