Gum Rosin Market
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<strong>Gum</strong> <strong>Rosin</strong> <strong>Market</strong> is Expected to Reach US$ 1.97 Bn by<br />
the End of 2028<br />
February 2019<br />
Report Id : REP-GB-8949<br />
Status : Publish<br />
Category : Chemicals and Materials<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Gum</strong> <strong>Rosin</strong> <strong>Market</strong> Analysis<br />
The report covers comprehensive information about market trends, volume (KT) and value (US$ Mn)<br />
projections, recent developments and dynamics in the global <strong>Gum</strong> <strong>Rosin</strong> market for the period between<br />
2018 and 2028.<br />
The global <strong>Gum</strong> <strong>Rosin</strong> market is projected to reach a market value of US$ 1.97 Bn during the forecast<br />
period and is anticipated to grow at a CAGR of 4.7%, by value. Growing demand from adhesives and<br />
paints is the prime factor expected drive the demand for <strong>Gum</strong> <strong>Rosin</strong> in the global market.<br />
Increasing Demand for Bio-Based Materials from Various Industries<br />
Bio-based materials, such as <strong>Gum</strong> <strong>Rosin</strong>, are majorly derived from renewable energy sources of energy.<br />
<strong>Gum</strong> <strong>Rosin</strong>, in particular, is derived from pine chemicals derived from pine tree using the pine tapping<br />
process. There are various advantages of using bio-based materials instead of synthetic or petrochemical<br />
based materials. For instance, bio-based materials are eco-friendly and easily degrade into the<br />
environment. That apart, due to stable supply of bio-based sources, price fluctuations are low when<br />
compared to petrochemical based materials.<br />
According to the “3rd Annual Conference and Expo on Biomaterials”, the Bio-based materials market is<br />
expected to register significant growth rate due to easy availability of funds & grants by government<br />
bodies globally, technological advancements and growing demand for environment-friendly products<br />
around the globe.<br />
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<strong>Gum</strong> <strong>Rosin</strong> <strong>Market</strong> Analysis<br />
Growth of End-Use Industries is a Positive Sign<br />
<strong>Gum</strong> <strong>Rosin</strong> is used as a base material in various applications, such as paints & coatings, printing inks,<br />
rubbers, adhesives, etc. Growing applications of <strong>Gum</strong> <strong>Rosin</strong> in various end-use industries is expected to<br />
drive the growth of the global <strong>Gum</strong> <strong>Rosin</strong> market during the forecast period.<br />
Request Report Methodology @ https://www.futuremarketinsights.com/askus/rep-gb-8949<br />
<strong>Gum</strong> <strong>Rosin</strong> easily dissolves in alcohol, gasoline, etc. and thus, is used as a basic ingredient in paints. The<br />
paints & coatings industry is continuously growing due to growing demand from construction and<br />
automotive industries. Additionally, increasing demand for <strong>Gum</strong> <strong>Rosin</strong> from printing ink and paper<br />
industries will also give a push to the <strong>Gum</strong> <strong>Rosin</strong> market over the forecast period.<br />
The paints and coatings segment is expected to grow at 5.4% CAGR, by value, during the forecast period.<br />
Growing demand for natural raw materials in various industries is an important factor that will create<br />
new opportunities for the <strong>Gum</strong> <strong>Rosin</strong> market to grow further in the coming years.<br />
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<strong>Gum</strong> <strong>Rosin</strong> <strong>Market</strong> Analysis<br />
Some of the leading manufacturers studied under this study on the global <strong>Gum</strong> <strong>Rosin</strong> market are Wuzhou<br />
Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab <strong>Rosin</strong><br />
and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong<br />
Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV.<br />
INDONESIA PINUS, Vinhconship Group and EURO-YSER..<br />
<strong>Gum</strong> <strong>Rosin</strong> <strong>Market</strong> – Competition Landscape<br />
The global <strong>Gum</strong> <strong>Rosin</strong> market is a fragmented market and most major market participants held single<br />
digit market share in 2017. The top ten to twelve players in the global <strong>Gum</strong> <strong>Rosin</strong> market collectively hold<br />
between 30% and 35% market share.<br />
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