Rosin Market Overview
The increasing demand for rosin from various end user industries such as laser printing paper, adhesives, printing inks, sealants, sealing wax, and others stands as key factor augmenting the growth of the global rosin market. Rosin is a translucent resin that is amber-colored or semi-black in color and brittle in terms of strength, obtained from the deadwood of pine trees. Rosin is used especially in making varnish, ink, sealant, chewing gum, and others. They are also used in the medical and pharmaceutical industry for making nanoparticles, microcapsules, and other formulations.
Gum rosins are unstable and unsaturated in nature and can often be termed as rosin derivatives on account of various processes used such as hydrogenation, esterification, polymerization. It can also be easily dissolved in alcohol, gasoline, turpentine, or other organic solvents. Gum rosin is also used in the paints and coatings sector on account of its superior hot tack, excellent durability, thermal stability, and better polarity, used in adhesives as well.
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The report is based on a 360-degree overview of the market and its prime growth parameters including driving factors, restricting factors, challenging factors, and factors creating new growth opportunities. It also discusses the impact of the novel COVID19 pandemic on this market and how can manufacturers benefit from this situation and generate as much revenue as possible within the forecast period. The report also highlights the table of segment for the food and beverage disinfection market and names the leading segment with factors attributing to its growth.
Rosin Market Nature of Market Competition
The nature of the global rosin market is highly fragmented on account of the presence of multiple players. A majority of these players has put intensely in product extension and working on their portfolios. For this, organizations have started to offer industry-explicit product customizations, and have enjoyed key consolidations and coordinated efforts with other contending makers. Different players have additionally put resources into research and improvement exercises to acquire an advantage in the general rivalry by offering inventive sanitizer solutions for their food and beverage products.
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Some of the key players of the global rosin market include:
- Foreverest Resources Ltd.
- Henan Haofei Chemical Co.,Ltd
- Harima Chemicals Group Inc.
- Eastman Chemical Company
- C. Rutteman Co. B.V.
- Others
Rosin Market Drivers
Expanding need from the medical and pharmaceutical sector is additionally expected to drive the market over the time period. Rosin is additionally utilized in the production of turpentine oil. The rising popularity of turpentine oil from furniture is likewise expected to supplement the growth of the market over the predictable period. On the contrary, the increasing costs of rosin might hamper the market growth and create revenue-generating challenges. In addition, the developing interest for pine chemicals, advent, and the increasing adoption of substitute rosin in major provincial business sectors including China and European nations might cause major hindrances in the global rosin market during the forecast period.
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Rosin Market Regional Insights
Regionally, the global rosin market is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each of these regions is further categorized into various nations. Asia Pacific held the largest share for the rosin market as far as production and utilization are concerned. In the Asia Pacific, China is the main maker of gum rosin inferable from the presence of various pine trees, a significant wellspring of rosin.
The gum rosin market has been noting solid development in China attributable to no gum rosin import from different nations. Be that as it may, the low cost of turpentine oil in Brazil brought about expanded turpentine oil imports from Brazil. Because of this explanation, the turpentine market in China has been contrarily impacted which is relied upon to hamper the market development around here. Europe was the second-biggest market for rosin and it is relied upon to observe huge development over the conjecture time frame.
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