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. 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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.