A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Gum
Rosin Market.
The study, titled “Gum
Rosin Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Gum
rosin is primarily composed of resins and is an organic natural
compound. Upon dissolution, it causes chemical reaction with a number
of organic solvents. It is an essential raw material for the
production of paints and coatings, rosin ester resins, food-grade
ester gum, electronic industrial products, soaps, rubbers, inks, and
paper. In the oil paint industry, it is effortlessly softened and
oxidized, and the carboxylation reaction of resin acid is usually
engaged to create resinate for additional use. Resin acid is
transformed into disproportionate rosin, hydrogenated rosin, and
polymerized rosin during production of printing ink and synthetic
rubber by double-bond effect of rosin. The global market for gum
rosin has been segmented by product type, application, and region. By
product type, the market has been segmented into WW, WG, X, N, M, K,
and others. The WW segment held a significant i.e. close to 35% share
of the total market in 2015. This is attributed to high performance
and quality of the product for prime applications such as synthetic
rubber and adhesives.
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Market Research Report @
The
WW segment is also projected to witness speedy growth during the
forecast period. WW and WG rosins come in light shades of yellow,
which is primarily to maintain the texture and color of end-use
products such as paper sizing, rubber, inks, and adhesives. On the
basis of applications, the global gum rosin market has been segmented
into inks, food, thermoplastic coatings, paper sizing, adhesives,
rubber softeners, and others. The rubber softeners segment held a
dominant share of the global market in 2015 and is anticipated to
witness steady growth during the forecast period. The adhesives
segment is expected to experience speedy growth from 2016 to 2024.
Major
drivers for the global gum rosin market include increasing demand
from key application segments such as synthetic rubber and printing
inks. Gum rosin is broadly used as a softener and binder in adhesives
and synthetic rubber industries. Speedy growth of synthetic rubber
and adhesives industries is expected to act as a major driver for the
global gum rosin market during the forecast period. In addition,
speedy growth of building & construction and automotive
industries has raised the demand for gum rosin for better-quality
products. This also acts as a major factor driving the global market
for gum rosin. Volatility of gum rosin and fluctuation in prices of
raw materials form a major restraint for the gum rosin market. Growth
of end-use industries in Latin American countries such as Brazil and
Argentina is a great growth opportunity for the global gum rosin
market.
Geographically,
the global gum rosin market has been segregated into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America.
Asia Pacific held the dominant market share in 2015, with China being
the leading producer of gum rosin in the region. This is attributed
to immense growth of application industries such as paper sizing,
synthetic rubber, printing inks, and adhesives in China. The market
in Asia Pacific is also estimated to witness speedy growth during the
forecast period, on account of emerging economies such as South Korea
and India. With the rise in demand for gum rosin in these countries,
the region is projected to witness speedy growth from 2016 to 2024.
The gum rosin market in Latin America is also estimated to witness
speedy growth during the forecast period, due to growth of end-use
industries in the region.
Major
players in the global market for gum rosin include CeluloseIrani SA,
Wuzhou Pine Chemicals, Forestar Chemical Co. Ltd., Indonesia Pinus,
Jinggu Forest Chemical, Xinhui Overseas Chinese Industry, Wuzhou Sun
Shine Forestry & Chemicals, Forestarchem, Pasadena Engineering
Indonesia, and DeqingYinlong Industrial.
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accurate market forecast and analysis on the Gum Rosin market.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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