-- North America, led by Mexico, Canada, and U.S. gum rosin market is likely to witness significant growth on account of growing demand from pharmaceutical and packaging industry. Gum rosin exhibits a wide range of applications in pharmaceutical industry owing to its excellent coating and film forming properties. It is used in enteric coating and tablet coating purpose.
Regional pharmaceutical market size has a huge potential and is likely to surpass USD 25 billion by 2022 owing to increasing investments made by government to control mortality rate due to lack of medical assistance and provide the best medical services, which is predicted to stimulate product demand by the forecasted timeframe.
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Europe gum rosin market size, led by France, Italy, UK, and Germany is likely to witness substantial increase by 2025 on account of rising demand from food and soap industries. Gum rosin, on account of its chemical property and low price is used in manufacturing soap as a replacement of aliphatic acid. It is widely used in food industry, to make chewing gum and other confectionaries, it is evolving as one of the most emergent ingredients in confectionary.
European confectionery market worth is predicted to surpass USD 80 billion by 2025 among which chewing gum holds a major share owing to dental benefits. Gum rosin is renewable and is easily degradable in the environment, which is likely to boost its market size on account of increasing concerns for healthy eating habits coupled with growing preference for bio based material market.
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Gum rosin, also known as colophony, is a compact resin form from pines & other plants such as conifers, manufactured by warming liquid resin to evaporate volatile liquid components. It consists of residue obtained by distillation of oleoresin from pine trees wood rosin, usually of a darker color. Rosin is semi-transparent and its color varies from yellow to black. It is brittle at normal temperature and melts at higher temperatures. At high temperatures, it becomes sticky and has pine like odor.
Gum rosin is used for a number of purposes such as for manufacturing adhesives, printing inks, paper sizing agents, solders and fluxes, insulating materials for electronics industry, various surface coatings, chewing gums, synthetic rubber, soaps & detergents. It’s major uses are making soaps, varnishes, printing inks, sealing wax, sizes for paper, driers, binders, adhesives, gloss paint oils, soldering fluxes, and pitch. The demand of resins from dance studios and theaters is increasing as it is used on dancer’s shoes, and floors to prevent skidding, which is further fueling product demand.
Gum rosin holds wide applications in various industries such as paint & coating, metal processing, foodstuff, construction, papermaking, fine chemicals, adhesives, synthetics, and electric industry. Gum rosin is one of the key components in paint & coating industry owing to its dissolving property with solvents such as turpentine alcohol, and gasoline. It also play a major role in road coating production and is used to make thermoplastic coatings for road sign injunction. Global paint & coating market size is likely to surpass USD 230 billion by the forecasted timeframe on account of its increasing demand from manufacturing industry, which shall foster product demand by 2025.
Partial Chapter of the Table of Content:
Gum Rosin Market, By Product Type, 2014-2025 (Tons) (USD Million)
• WW
• N
• X
• WG
• M
• Others
Gum Rosin Market, By Applications, 2014-2025 (Tons) (USD Million)
• Paint
• Paper sizing
• Adhesives
• Rubber softeners
• Food
• Ink
• Others
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Global gum rosin market share is highly fragmented and competitive. Companies are involved in R&D investments to enhance production output. Moreover, a number of research activities are introduced for genetic modifications of pine trees, which should increase flow of resins in trees and thereby enabling high quality gum rosin production over the forecasted time period. The manufacturers of gum rosin market include Forestar Chem, Wuzhou Sun Shine Forestry & Chemicals, PT. Naval Overseas, Forestar Chemical, Deqing Jiyuan Synthetic Resin, Deqing Yinlong Industrial, and Vinhconship Group
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