Gum Rosin Market To witness Huge Expansion By 2030

Gum Rosin Industry

The global gum rosin market is estimated to reach USD 3.33 billion by 2030, registering a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is primarily driven by the increasing demand for gum rosin, particularly due to the expansion of the synthetic rubber industry, especially in China. Furthermore, the rising demand for high-grade gum rosin products, such as WW and X grades, from various application industries is expected to fuel the market’s growth. The industry benefits from the abundance of raw materials in major producing countries like Brazil, Indonesia, and China. The availability of low-cost labor in these regions, along with the rapid growth of the paper and adhesives industries, is anticipated to provide further momentum to the market’s expansion.

However, the market growth may face challenges due to the increasing substitution of gum rosin with tall oil rosin. Additionally, unfavorable weather conditions in China, a major producer of gum rosin, are expected to act as a significant restraint on the market's growth potential.

Despite these challenges, the market is likely to continue expanding due to the availability of low-cost gum rosin produced in Brazil and Indonesia. Additionally, the fast-growing rubber, inks, and adhesives industries in Europe are expected to contribute to an increased demand for gum rosin in the region, further supporting market growth.

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Gum Rosin Market Segments Highlights:

• The X segment led the market with a revenue share of 35.8% in 2023 due to robust demand from industries such as construction and printing.
• The binder in adhesives held the largest market share of 46.9% in 2023 driven by increasing demand from construction, automotive, and packaging industries.
• Asia Pacific gum rosin market dominated the global gum rosin market with a market share of 64.0% in 2023.

Gum Rosin Market Report Segmentation

Grand View Research has segmented the global gum rosin market based on product, application, and region:

Gum Rosin Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Softener
• Binder in Adhesives
• Paper
• Thermoplastic Coating
• Food
• Ink Industry
• Other

Gum Rosin Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• X
• WW
• WG
• N
• M
• K
• Others

Gum Rosin Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
• Asia Pacific
  • China
  • Japan
• Latin America
• MEA

Key Gum Rosin Company Insights

• INDONESIA PINUS
• Eastman Chemical Company
• Midhills
• MEGARA RESINS
• Harima Chemicals Group, Inc.
• Guangxi Jinxiu Songyuan Forest Products Co.,Ltd.
• Wuzhou Sun Shine Forestry and Chemicals Co., Ltd.
• PINOPINE (Grupo Resinas Brasil)
• Forestar Chemical Co., Ltd.
• IRANI PAPEL E EMBALAGEM S.A.
• FLORPINUS

Order a free sample PDF of the Gum Rosin Market Intelligence Study, published by Grand View Research.