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 @