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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Gum Rosin Market size was valued at US$ 1.47 billion in 2022 and is poised to grow at a significant CAGR of 4.3% from 2023-2029.Some of the key factors propelling the market growth are increasing demand for adhesives, growing usage of bio-based materials from various sectors and rapidly evolving construction, building & automotive industries has raised the demand for gum rosin. However, fluctuating raw material prices is one of the major restraint for the market growth Global gum rosin market report gives comprehensive outlook on refinery catalysts across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global gum rosin market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global gum rosin products. Rosin is used as insulation material in electric equipment industry. Rosin is a basic material for paint industry because rosin is easy to dissolve in alcohol, gasoline, turpentine, and others organic solvent. It is used as the softener in synthetic rubber industry as it enhances the plasticity, tears strength, heat resistance, flexibility and anti-abrasion of synthetic rubber.
Study Period
2024-2030Base Year
2023CAGR
4.3%Largest Market
Asia PacificFastest Growing Market
North America
Increasing applications areas of gum rosin in various end-use industries is expected to drive the market growth. It is a base material used in various applications, such as paints & coatings, printing inks, rubbers, adhesives, etc. Rosin is widely used as an ingredient of some kind of adhesive; especially in heat melt adhesive, pressure sensitive adhesive and rubber adhesive. Rosin mainly is used for enhancing the strength, elasticity, and viscosity of adhesive. Gum Rosin can be used as coating material for release control fertilizer.
Asia Pacific accounted for larger revenue share in global gum rosin market with considerable CAGR 4.3%. Asia Pacific is anticipated to be one of the fastest growing regions. China being the largest producer and consumer for this market due to rapidly growing adhesives, synthetic rubber and paper sizing industries couples with huge production facilities and well established distributors present in this region. North America is expected to witness steady growth in this market owing to the huge demand for this market from pharmaceutical and packaging industries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1.47 billion |
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Market CAGR |
4.3% |
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By Product |
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By Application |
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By Region |
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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The key segments covered in the tire gum rosin market are technology, components, application, and end-users.
The Tire gum rosin market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Tire gum rosin market key players Wuzhou Pine Chemicals, Jinggu Forest Chemical, Xinhui Overseas Chinese Industry, Punjab Rosin and Chemical Works, Forestarchem, Deqing Yinlong Industrial, Deqing Jixin, Hualin Chemical, Zhaoqing DIC, Feishang
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.