Press release
What is the Demand Growth Projection for the Rosin Resin Industry
Rosin Resin Market
The friction-enhancing properties of rosin resin are unlocking new growth opportunities across various applications. Additionally, the availability of diverse rosin resin grades is fostering market expansion by enabling its use in different sectors. Gum rosin, used as a dispersion and emulsifier in the synthetic rubber industry, is also significantly contributing to market growth.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10021
Key Market Growth Drivers
Sector Growth: The expansion of the electronic and automotive sectors boosts the rosin resin market due to its insulating and adhesive properties.
Sustainability Focus: Increasing emphasis on sustainable and eco-friendly materials enhances profits for rosin resin suppliers, given its renewable nature.
Demand in Products: Higher demand for paints, coatings, pharmaceuticals, adhesives, and sealants, where rosin resin is a key ingredient, drives market growth.
Technological Advancements: Advances in technology broaden the applications of rosin resin across various sectors.
Paints and Coatings: The paints and coatings industry propels market growth as rosin resin dissolves in essential solvents like gasoline, alcohol, and turpentine.
Rubber Demand: Rising demand for rubber in various industries also supports market growth.
Country-wise Insights
In 2024, East Asia is projected to hold 36.5% of the global rosin resin market share. The demand for rosin resin in this region is driven by growing infrastructure development and construction activities, as well as its extensive use in the packaging and automotive sectors.
East Asia, led by China, dominates both the production and consumption of rosin, particularly gum rosin, due to its abundant pine tree resources. China's self-sufficiency in rosin resin production is a key factor fueling market growth. Additionally, the expanding automotive sector in China is driving demand for rosin resin, particularly for use in car paints and coatings, leading to increased sales of gum rosin.
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/rosin-resin-market
Competitive Landscape
Key market players in the rosin resin market are Harima Chemicals Group, Lawter Inc., Forestarchem Chemical Co., Ltd., United Resins SA, Floripinus Chemical Industries, Deqing Jiyuan Synthetic Resin Co., Ltd., Jinggu Forest Chemical Co. Ltd., Eastman Chemical Company, International Specialty Chemicals, Promax Industries, Forestar Chemical Co. Ltd., and Hindustan Resins & Terpenes Foreverest Resources Ltd.
The market is highly competitive, with established players and new entrants vying for significant market share. Key strategies include product differentiation, expansion, and mergers.
September 2023: Foreverest Resources Ltd. launched a rosin resin-based product designed for bioplastics production.
July 2023: Ripple released the third installment in its series of small-batch, live rosin partnerships
March 2023: Eastman Chemical Corporation and its subsidiaries successfully sold their adhesive resin business, including rosin, to Synthomer.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=10021
Segmentation of Rosin Resin Market Research
By Type :
Rosin Acids
Rosin Esters
Hydrogenated Rosin Resin
Dimerized Rosin Resin
Modified Rosin Resin
By Source :
Gum Rosin
Wood Rosin
Tall Oil Rosin
By Application :
Rubber
Coatings
Inks
Adhesives
Food & Beverages
Cosmetics & Personal Care
By Region :
North America
Europe
Latin America
East Asia
South Asia & Oceania
Middle East & Africa
๐๐จ๐ง๐ญ๐๐๐ญ:
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