Global revenue from rosin resin sales is estimated to be USD 2.18 billion in 2024, with a projected CAGR of 4.5% expected to reach USD 3.38 billion by 2034. Rosin resin finds extensive use in applications such as rubber, printing inks, paper sizing, varnishes, paints, and adhesives.

The friction-enhancing properties of rosin resin are unlocking new growth opportunities across various applications. Additionally, the availability of diverse rosin resin grades is fostering market expansion by enabling its use in different sectors. Gum rosin, used as a dispersion and emulsifier in the synthetic rubber industry, is also significantly contributing to market growth.

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Key Market Growth Drivers

  • Sector Growth: The expansion of the electronic and automotive sectors boosts the rosin resin market due to its insulating and adhesive properties.
  • Sustainability Focus: Increasing emphasis on sustainable and eco-friendly materials enhances profits for rosin resin suppliers, given its renewable nature.
  • Demand in Products: Higher demand for paints, coatings, pharmaceuticals, adhesives, and sealants, where rosin resin is a key ingredient, drives market growth.
  • Technological Advancements: Advances in technology broaden the applications of rosin resin across various sectors.
  • Paints and Coatings: The paints and coatings industry propels market growth as rosin resin dissolves in essential solvents like gasoline, alcohol, and turpentine.
  • Rubber Demand: Rising demand for rubber in various industries also supports market growth.

Country-wise Insights

In 2024, East Asia is projected to hold 36.5% of the global rosin resin market share. The demand for rosin resin in this region is driven by growing infrastructure development and construction activities, as well as its extensive use in the packaging and automotive sectors.

East Asia, led by China, dominates both the production and consumption of rosin, particularly gum rosin, due to its abundant pine tree resources. China's self-sufficiency in rosin resin production is a key factor fueling market growth. Additionally, the expanding automotive sector in China is driving demand for rosin resin, particularly for use in car paints and coatings, leading to increased sales of gum rosin.

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/rosin-resin-market

Competitive Landscape

Key market players in the rosin resin market are Harima Chemicals Group, Lawter Inc., Forestarchem Chemical Co., Ltd., United Resins SA, Floripinus Chemical Industries, Deqing Jiyuan Synthetic Resin Co., Ltd., Jinggu Forest Chemical Co. Ltd., Eastman Chemical Company, International Specialty Chemicals, Promax Industries, Forestar Chemical Co. Ltd., and Hindustan Resins & Terpenes Foreverest Resources Ltd.

The market is highly competitive, with established players and new entrants vying for significant market share. Key strategies include product differentiation, expansion, and mergers.

  • September 2023: Foreverest Resources Ltd. launched a rosin resin-based product designed for bioplastics production.
  • July 2023: Ripple released the third installment in its series of small-batch, live rosin partnerships, collaborating with renowned cannabis extractor DabLogic and artist Ellie Paisley.
  • March 2023: Eastman Chemical Corporation and its subsidiaries successfully sold their adhesive resin business, including rosin, to Synthomer.

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Segmentation of Rosin Resin Market Research

  • By Type :
    • Rosin Acids
    • Rosin Esters
    • Hydrogenated Rosin Resin
    • Dimerized Rosin Resin
    • Modified Rosin Resin
  • By Source :
    • Gum Rosin
    • Wood Rosin
    • Tall Oil Rosin
  • By Application :
    • Rubber
    • Coatings
    • Inks
    • Adhesives
    • Food & Beverages
    • Cosmetics & Personal Care
  • By Region :
    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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