The global gum rosin market size is anticipated to reach USD 1,106.3 million in 2024. It is predicted to rise at a CAGR of 6% during the assessment period to reach a value of USD 1,987 million by 2034. It is projected to showcase a Y-o-Y growth of 8.2% in 2024. These figures indicate a volume growth of 1.8x from the current value over the assessment period.
Gum rosin, also known as pine resin or natural resin is obtained from pine trees, the genus Pinus in particular, and are hence predominantly originated in the northern temperate regions. Sellers produce this natural resin by tapping pine trees, just like turpentine.
The natural resin’s solid state at room temperature, coupled with its glassy and brittle texture with color makes it perfect for use in printing inks, coatings, and paints. The color of this substance ranges from pale yellow to amber, thereby giving the makers recognition of its purity and source of raw material.
| Attributes | Description |
|---|---|
| Estimated Global Gum Rosin Market Size (2024E) | USD 1,106.3 million |
| Projected Global Gum Rosin Market Value (2034F) | USD 1,987 million |
| Value-based CAGR (2024 to 2034) | 6% |
The adhesive industry is projected to remain a primary consumer of this pine resin. This is because the natural product is a key component in the formulation of hot melt adhesives that are widely used in packaging, construction, and automotive applications.
The growing construction sector, particularly in developing economies, plays a crucial role in boosting demand for this natural resin. The sector widely utilizes natural resins in paints and coatings owing to their film-forming properties as well as ability to enhance gloss and adhesion.
Rising environmental awareness coupled with the shift toward natural and sustainable products is further propelling demand for pine resins. Rosin is increasingly favored over its synthetic alternatives as it is derived from pine trees.
The natural resin is hence witnessing increasing demand in applications that require eco-friendly materials. This trend is particularly noticeable in developed regions, including Europe and North America that have imposed stringent environmental regulations.
The market, however, also faces several challenges particularly owing to fluctuations in raw material supply and tough competition from synthetic resins. The availability of pine trees and the extraction process of natural resin can be impacted by environmental factors and deforestation, leading to potential supply chain disruptions.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The table below projects the annual expected CAGRs for the global gum rosin industry over semi-annual periods ranging between 2023 and 2024. The analysis offers businesses a better understanding of the growth over the year by revealing critical shifts in performance and growth patterns. The first half (H1) of 2023 spans from January to June. The second half or H2 includes July to December.
Numbers showcased in the table present the growth rate for each half between 2023 and 2024. The market was set to grow at a CAGR of 5.7% in the first half (H1) of 2023. The second half of the same year exhibits a substantial spike in the growth rate at a CAGR of 6.3%.
| Particular | Value CAGR |
|---|---|
| H1 | 5.7% (2023 to 2033) |
| H2 | 6.3% (2023 to 2033) |
| H1 | 6.1% (2024 to 2034) |
| H2 | 5.9% (2024 to 2034) |
Moving in the subsequent period, from H1 2024 to H2 2034, the CAGR is estimated to witness a slight dip to 6.1% in the first half (H1) and then further drop to 5.9% in the second half (H2).
Gum Rosin is Finding Increasing Use in Hot Melt Adhesives
The natural resin is widely used for producing hot melt adhesives, pushing demand worldwide. Hot melt adhesives (HMA) are prominently formulated for fast-setting and high-performance bonding in several industries, including packaging, automotive, construction, and textiles.
HMAs, known for their adhesive properties, contain this natural resin as it acts as a tackifier and aids adhesion to surfaces by increasing the stickiness within the glue.
Growing demand for environmentally friendly and sustainable adhesive solutions paves the way for the use of pine resins in hot melt adhesives. Manufacturers and consumers are increasingly becoming aware of the environmental impacts of several materials, leading to a move toward the use of natural or renewable materials.
As a natural product, these resins align perfectly with the aspirations for sustainability and are favored by manufacturers wishing to reduce their carbon footprint and offer sustainable and eco-friendly products.
For instance, Henkel, a global leader in adhesive formulations, is working to promote bio-based adhesives that encompass gum rosin-based compounds. Growth in the importance of pine resins in this space has been epitomized by Henkel's expansion of its hot melt adhesive portfolio, with an emphasis on sustainable packaging products.
The boom in e-commerce has resulted in the rising use of hot melt adhesives across various packaging applications. It has created a strong need for secure, reliable, and sustainable packaging options. Gum rosin-based HMAs are commonly used in cartons and package sealing owing to their excellent bond performance and fast set time which is crucial to keep up with high-speed packaging lines.
Rising use of lightweight and high-performance materials, driven by specific demands from automotive manufacturers, has also propelled growth. Natural resin-based adhesives are being favored as these offer the capability to stick to a variety of substrates without impairing structural integrity, whether metals, plastics, or composites.
Companies are Progressively Shifting toward Non-synthetic Materials
The global trend toward the use of environmentally friendly and natural products is boosting demand for gum rosins. The industry is set to witness a rising demand for green raw materials that are organic, renewable, and biodegradable owing to the increased pressure on industries to minimize their environmental footprint.
The pine resins fit well with the sustainability goals of numerous organizations. Industries, including adhesives, paints, coatings, and packaging, in general, demonstrate the move toward non-synthetic materials from petroleum-based ones. The expansion of bio-based and renewable materials in the manufacturing processes of key companies is one such innovation.
For instance, BASF, one of the leading players in chemicals and materials, welcomed 2023 with a pledge to broaden its portfolio of sustainable offerings that include natural resins like pine resins. The company is focusing on developing products that comply with environmental regulations, including those that assist in reducing carbon emissions and non-destruction of ecosystems.
On the other hand, 3M and H.B. Fuller in the adhesives business have taken several proactive steps toward including sustainable materials in their assortment. 3M, for instance, has introduced a range of bio-based adhesives, including this natural resin, particularly designed in response to an anticipated spike in demand for sustainable solutions from automakers and the consumer goods sector.
H.B. Fuller has also broadened their range of eco-friendly adhesives, highlighting the use of natural materials in achieving sustainability objectives.
Innovations in Processing Technologies to Improve Quality and Functionality
Upgradation in processing technologies is assisting in improving the quality and functionality of natural resins, extending their utilization across several companies. Traditional pine resin manufacturing techniques tend to bring about variations in quality, particularly concerning color, impurity, and stability.
Recent technological developments, however, have enabled superior refining and purification processes, facilitating the production of superior-grade rosin with consistent properties.
One of the key innovations is sophisticated refining methods that produce high-purity rosin grades like WW (Water White) and WG (Window Glass). These grades have pale shades and high transparency, making them attractive for applications where aesthetics and clarity are crucial.
They are set to be extensively used in adhesives, inks, and certain coatings. These unique processing technologies reduce impurities and improve the thermal stability of natural resins, enhancing their performance in high-temperature applications.
Based on recent research studies, a new revolutionary green refining process for natural resins with low environmental impact and high performance in superior quality was reported. Incorporating filtration technologies after optimizing the distillation process showed improvements in color, acid value, and oxidative stability.
These upgrades are predicted to enhance the pine resin’s efficacy in current applications and create new opportunities for its use in cutting-edge industrial settings.
For instance, companies like Kraton Corporation have been leading in integrating these innovative processing technologies into their product lines. Kraton recently announced increased rosin refining capabilities to meet the growing demand in adhesives, coatings, and rubber industries. This expansion aligns with the firm’s broad strategy to leverage technological innovations and produce sustainable products with peak performance.
Eastman Chemical Company has also taken significant strides in refining natural resin processing techniques to produce products with better consistency and purity. The firm’s innovations have enabled the production of clear thermoset technology with low color grades that are less affected by heat, making these suitable for high-end applications in the electronics and automotive industries.
Principal Consultant
The global gum rosin industry was valued at USD 958.1 million in 2019. It grew at a CAGR of 2.4% during the historical period ranging between 2019 and 2023. It attained a value of USD 1,054.5 million in 2023.
The growth in the historical period is prominently attributed to the long-standing demand across adhesives, inks, and paper-based industries. The outbreak of the COVID-19 pandemic at the end of 2020 became a turning point for global supply chains, resulting in a temporary decline in production and consumption.
The pandemic brought significant challenges to the pine resin market, including disruptions in transportation and manufacturing, directly affecting growth in the industry. Sectors, including packaging and e-commerce, witnessed a spike in demand owing to the surge of online shopping during and after the pandemic.
The high demand resulted in an increasing need for adhesives and packaging materials, partially offsetting the decline. Economic recovery and return to normal manufacturing activities in 2021 resulted in the normalization of growth rates similar to the pre-pandemic times.
The industry is anticipated to reach USD 1,106.3 million by 2024 and is projected to rise at a CAGR of 6% during the forecast period. It is predicted to reach USD 1,987 million by 2034.
The rapid growth is ascertained by the rising adoption of environmentally friendly and bio-based materials, thereby driving demand for pine resin products across several industries. Expansion of end-use industries, especially in developing countries is anticipated to supplement consumption.
The adhesive industry is likely to witness substantial demand for eco-friendly packaging solutions, thereby increasing demand for natural resin as it is a primary material used in packing. Technological innovations in processing technologies are set to improve the quality and performance of the natural resin for high-specification applications, thereby positively impacting growth.
Tier 1 comprises industry leaders with annual revenues exceeding USD 5,000 million. These businesses are capturing a significant share ranging between 20 and 30% globally. These are characterized by high production capacity and a wide product portfolio.
The organizations are distinguished by their extensive expertise in manufacturing and a broad geographical reach that is underpinned by a robust consumer base. These enterprises provide a wide range of products and utilize the latest technology to meet regulatory standards.
Prominent companies within Tier 1 include Forestar Chemical Co., Ltd, Wuzhou Sun Shine Forestry & Chemicals Co., Ltd, Megara Resins, Wuzhou Pine Chemicals Ltd, Merck GroupResin Chemicals Co., Ltd., Midhills, Eastman Chemical., and Guilin Songquan Forest Chemical Co.
Tier 2 and Tier 3 encompass small-scale enterprises operating within the regional sphere and catering to specialized needs. These firms have revenues below USD 1,000 million. They are notably focused on meeting local demands and are therefore categorized within the Tier 2 and Tier 3 segments.
These are small-scale participants with a limited geographical presence. Tier 2 and Tier 3, within this context, are acknowledged as an informal sector, indicating a segment distinguished by the lack of extensive organization and formal structure compared to structured organizations in Tier 1. Well-known companies in Tier 2 and Tier 3 include Himalaya Terpenes Pvt. Ltd, Midhills, Saraf Resin and Chemicals, Polyols & Polymers, and Dycon Chemicals.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The section offers businesses with an overview of the industry. It comprises a detailed examination of the emerging trends and opportunities on a country-by-country basis. This country-specific analysis of the dynamics is likely to assist companies in understanding the complex nature of the market.
Nordic is estimated to dominate during the forecast period with an anticipated CAGR of 6.6%. Türkiye, Mexico, and South Africa are set to follow behind to become key countries in the industry with projected CAGRs of 6.5%, 6.3%, and 6.1%, respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| Nordic | 6.6% |
| Türkiye | 6.5% |
| Mexico | 6.3% |
| South Africa | 6.1% |
| United States | 5.4% |
China holds a leading position in the global gum rosin market. This dominance is prominently attributed to the country’s ability to export materials while keeping their prices lower than average.
China holds a great advantage in the industry as it has an abundance of natural resources. These can be used for cheaper inputs compared to other countries, thereby strengthening its position as the most prominent producer and exporter of pine resin in the world.
The plentiful pine forests, especially in areas like Yunnan, Jiangxi, and Guangdong give China an edge in terms of competitive pricing. This enables local manufacturers to maintain a stable supply of raw materials. Low labor and operational costs in the country allow businesses to keep their production costs reasonable while offering competitive processes in the global pine resin trade.
The country, owing to its efficient export prowess has emerged as the leading provider of the natural resin in prominent regions, including Asia, North America, and Europe. The country is one of the world's most significant exporters of pine resins in the United States, where the material is used in the production of adhesives, inks, and rubber.
Paper and packaging industries in Europe rely on China-based natural resins for their production needs.
The country has improved its logistics and transportation networks to export pine resins efficiently. This investment in logistics has enabled local producers to meet the rising global demand for this natural resin.
The United States is a significant player in the global gum rosin market, primarily driven by its robust and diverse manufacturing sector. The country is projected to showcase a CAGR of 5.4% during the forecast period, resulting in further expansion. Being one of the most significant consumers, the United States heavily relies on this natural resin for several industrial applications, including the production of adhesives, inks, rubber products, and paper sizing.
The manufacturing sector of the country is renowned for its scale and innovation. It is home to some of the world’s leading producers of adhesives, such as 3M and H.B. Fuller. These companies utilize pine resins as a critical component in the formulation of hot melt adhesives, pressure-sensitive adhesives, and other specialty products.
The adhesive industry, particularly in the packaging and construction sectors, is a prominent consumer of gum rosin in the United States. Growing demand for sustainable and high-performance adhesives is set to push these companies to source high-quality natural resins to meet stringent requirements.
Key companies, including Sun Chemical and Flint Group in the ink industry, are heavily dependent on gum rosin to enhance the adhesion, viscosity, and drying properties of printing inks. These inks are widely used in packaging, publishing, and commercial printing, all of which are key to the economy of the country. The consistent demand for high-quality inks further strengthens the country’s position as a leading consumer of gum rosin across the globe.
The rubber industry in the United States, which includes giants like Goodyear and Michelin, also significantly contributes to the rising demand for gum rosin. Gum rosin, used as a tackifier in rubber compounding, improves the adhesion properties of rubber, making it essential for manufacturing tires, industrial rubber goods, and other products that require strong bonding characteristics.
The paper and packaging industries of the United States, driven by the robust growth of e-commerce and sustainable packaging solutions, heavily rely on gum rosin for paper sizing. This application improves the resistance of paper to water and ink, ensuring durability and print quality in various packaging and paper products.
The rapidly growing construction and packaging industries in India are prominent consumers of adhesives and sealants, which are the leading applications of gum rosins. Growth in the automotive industry is set to propel demand for rubber compounds, a significant user of the natural resin.
Rising disposable income across the country is also set to result in high consumption of packaged goods, bolstering the demand for gum rosin-based adhesives and packaging materials. The price volatility of this natural resin, however, is likely to impact the dynamics of the country. The availability of synthetic alternatives with similar properties is set to pose a challenge to growth.
The section offers organizations insightful data and analysis of the two leading segments. Segmentation of these categories helps businesses understand the dynamics of the business and invest in the beneficial zones.
Analysis of the growth trajectory assists organizations to gain a thorough understanding of the trends, opportunities, and challenges. This examination is predicted to further help firms in navigating the complex environment of the business world and making informed decisions.
WW-type is projected to dominate the product type segment with a value share of 31.5% in 2024. In terms of application, the adhesives segment is anticipated to lead with a value share of 30.2% in the same year.
| Segment | WW-Type (Product Type) |
|---|---|
| Value Share (2024) | 31.5% |
The WW-type segment is predicted to experience a decent CAGR of 5.4% during the assessment period. WW-type gum rosin, also known as water white, is a high-purity-grade product that is nearly colorless and transparent.
It has a high demand owing to its superior quality and versatility. This rosin is primarily used in high-grade applications such as adhesives, varnishes, and coatings where clarity and minimal color are essential.
The lack of color ensures that it does not alter the appearance of the final product, making it ideal for use in products requiring a clear finish or applications that require high transparency. This quality of WW-type gum rosin makes it highly sought after in industries demanding superior-quality materials.
| Segment | Adhesives (Application) |
|---|---|
| Value Share (2024) | 30.2% |
The adhesive application is projected to hold a leading value share of 30.2% in 2024. The application is set to significantly influence the global gum rosin market.
The natural resin is predominantly used in adhesives owing to its excellent tackifying properties that enhance the adhesive’s stickiness and bonding strength. Its natural resinous nature enables the creation of strong and durable bonds with multiple surfaces, making it ideal for both pressure-sensitive and hot-melt adhesives.
Gum rosin improves the adhesive’s flexibility and resistance to aging along with temperature fluctuations. Its compatibility with other adhesive components coupled with high cost-effectiveness further contributes to its widespread use. These attributes ensure that this natural resin provides reliable and high-performance adhesion in a diverse range of applications, right from packaging to automotive assembly.
Key players in the industry include Forestar Chemical Co., Ltd, Wuzhou Sun Shine Forestry & Chemicals Co., Ltd, Megara Resins, Wuzhou Pine Chemicals Ltd, and Merck Group. Companies in the gum rosin market are actively enhancing their capabilities and resources to cater to the growing demand for the material across diverse applications.
Leading companies are leveraging partnership and joint venture strategies to co-develop innovative products and bolster their resource base.
The shift toward sustainability is driving demand for eco-friendly products in several industries. The production of currently deployed petroleum-based resins often contributes to increased carbon emissions. Global organizations working toward protecting the environment and combating climate change are imposing mandates on raw materials and production processes. This, in turn, increases the demand for eco-friendly and bio-based gum rosins.
The rubber industry is experiencing a steady spike. This growth is anticipated to fuel the expansion of the gum rosin industry as it is a key component used in the production of rubber compounds. The natural resin acts as a tackifier improves adhesion between rubber particles and reinforces materials in the rubber production process.
Manufacturers are introducing novel products to address the increasing need for cutting-edge solutions in several end-use industries. Geographic expansion is an important strategy that is being embraced by reputed companies. The industry is set to witness the emergence of several start-ups during the forecast period, thereby making the market extra competitive.
Industry Updates
A Few Key Players in the Industry are
In terms of product type, the industry is segregated into WW-type, WG-type, N-type, X-type, and others.
Paper, paints and coatings, soap, printing ink, adhesives, and rubber are a few key applications.
The industry is spread across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and the Middle East and Africa.
The market is anticipated to reach USD 1,106.3 million in 2024.
It is projected to reach USD 1,987 million by 2034.
It is used to make varnishes, printing inks, sizes for paper, adhesives, and gloss oils for paints.
Forestar Chemical Co., Ltd, Wuzhou Sun Shine Forestry & Chemicals Co., Ltd, Megara Resins, Wuzhou Pine Chemicals Ltd, and Merck Group are the key players.
It will likely surge at a CAGR of 6% through 2034.
It is the non-volatile part of pine resin and is one of the most important natural raw materials.
Nordic countries are predicted to dominate with a CAGR of 6.6% during the forecast period.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. Product Type
6.2. Application
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. WW-Type
7.2. WG-Type
7.3. N-Type
7.4. X-Type
7.5. Others
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
8.1. Paper
8.2. Paints & Coatings
8.3. Soap
8.4. Printing Ink
8.5. Adhesives
8.6. Rubber
8.7. Others
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. North America
9.2. Latin America
9.3. Western Europe
9.4. South Asia
9.5. East Asia
9.6. Eastern Europe
9.7. Middle East & Africa
10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Sales Forecast 2024 to 2034 by Product Type and Application for 30 Countries
18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
19. Company Profile
19.1. Forestar Chemical Co., Ltd
19.2. Wuzhou Sun Shine Forestry & Chemicals Co., Ltd
19.3. Megara Resins
19.4. Wuzhou Pine Chemicals Ltd
19.5. Merck group
19.6. Resin Chemicals Co., Ltd
19.7. Midhills
19.8. Eastman Chemical
19.9. Guilin Songquan Forest Chemical Co., Ltd
19.10. Punjab Rosin and Chemicals Works
Explore Chemicals & Materials Insights
View Reports
Gum Rosin Market
