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Rosin Resin Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jan 2021 | 44 Views
 
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Rosin Resin Market Analysis 2020-2027:

Rosin, which is also calledcolophony, is a solid resin that is obtained frompinesand someconifers. It chiefly consists of variousresin acid. Rosin is produced by heating fresh liquid resin to vaporize theliquidterpenecomponents. Resin is semi-transparent and possesses different colors varying from yellow to black. When extracted from the pine trees, rosin has low stability due to the unsaturation present in it. Thus, to enhance its stability and properties, it is made to go through various chemical processes such as hydrogenation, dimerization, esterification, functionalization, or any blend of these with chemicals such as esters, acids, and alcohols. Having these chemical modifications & formulations done, the rosin resin is then commercially available in different product types in the market such as rosin esters, dimerized rosin resin, and hydrogenated rosin resin. Apart from its wide array of uses in adhesives, varnishes, printing inks, and road making products, rosin is used for making nanoparticles and nanocapsules, which are key components of the pharmaceutical industry.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast unit

Value (USD)

Segments covered

Source, Type, Application, Industry Vertical, and Region

Regionscovered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and The Middle East and Africa

Companies covered

Guilin Songquan Forest Chemical Co. Ltd., Jinggu Forest Chemical Co. Ltd., Resin Chemicals Co. Ltd., Eastman Chemical Company, Georgia-Pacific Chemicals LLC, Kraton Corporation, and Forestarchem Chemical Co. Ltd.

COVID-19 scenario analysis

The coronavirus pandemic has affected every aspect of life worldwide. This has led to several changes in the market conditions.

  • A major portion of the rosin resin is utilized in the construction industryas adhesives, water proofing, and varnishes. In the midst of this global pandemic, the construction activities have almost ceased across the globe, which resulted in a steep fall in the demand for rosin resin.
  • Moreover, due to the restrictions in transportation both nationally and internationally, disruption of supply chainhas been witnessed. The movement of raw materials as well as finished products has been severely affected for the rosin resin market as well as its end-user industries. This furtheradds to the declining growthof the global rosin resin market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The demands for rosin resin products rose significantly in last few years, due to its usage in wide application base such as adhesives, road making products, and printing ink. In terms of application, the global rosins market is divided into coating & inks, adhesives, road markings, cement varnishing, rubbers, pulp & paper, and others. The gum rosin segment is expected to dominate the global market, due to application of gum rosin in synthetic rubber and printing inks. Rosin is widely applicable in printing inks because of its superior stickiness which is advantageous in printing compared to other conventional materials. On the contrary, tall oil rosins are widely used in enamels and other varnishes.

Moreover, rosin possesses high scope for use in the pharmaceutical industry, as a result of the new developments taking place across the globe to increase its applications. For instance, product developments such as the formulation of microcapsules and nanoparticles enables its adoption in pharmaceutical industry, which further increases the rosin resin demand in the global market.

However, increase in prices of rosin is anticipated to hamper the market growth. In addition, surge in demand for pine chemicals, substitute of rosin, in major regional markets, including China and European countries is anticipated to hinder the market growthin the near future.

Asia-Pacific emerged as the leading regional market for rosin in terms of production and consumption, where China is the leading producer of gum rosin,due to the presence of numerous pine trees, a major source of rosin. The gum rosin market has been growing steadily in China,as there is no gum rosin import from other countries. In Latin America, significant growth has been witnessed in rosins resin consumption, due its large-scale use in the formulation of turpentine oil. North America is witnessing steady growth due to expansion in application industries. The rosin market in Europe is anticipated to expand at considerable rate,due to rapid expansion of the adhesives industry.

Key segments covered

Segment

Subsegment

Source

  • Gum Resin
  • Wood Resin
  • Tall Oil Resin

 

 

Type

  • Rosin Esters
  • Hydrogenated Rosin Resins
  • Dimerized Rosin Resin
  • Others

 

 

 

Application

  • Road Making
  • Coatings
  • Adhesive
  • Paper Sizinng
  • Water Proofing
  • Varnishes
  • Others

 

 

 

Industry Vertical

  • Construction
  • Printing & Ink
  • Automotive
  • Pharmaceutical
  • Rubber
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global rosin resin industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global rosin resin market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global rosin resin market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global rosin resin market research report:

  • Which are the leading market players active in the global rosin resin market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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