Market Size of Gum Rosin Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 655.45 kilotons |
| Market Volume (2029) | 800.53 kilotons |
| CAGR (2024 - 2029) | 4.08 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gum Rosin Market Analysis
The Gum Rosin Market size is estimated at 655.45 kilotons in 2024, and is expected to reach 800.53 kilotons by 2029, growing at a CAGR of 4.08% during the forecast period (2024-2029).
- The gum rosin market was negatively impacted by the COVID-19 pandemic. However, the market recovered significantly after the pandemic, owing to rising applications in adhesives, sealants, printing inks, and others.
- The growing demand for bio-based adhesives and sealants and the burgeoning paper packaging industry are likely to be the main drivers of the gum rosin market's growth over the medium term.
- On the flip side, the shift of interest toward tall oil rosin-based phenolic resins is expected to limit the growth of the gum rosin market.
- Nevertheless, growth in demand for anti-slip agents for floors in stadiums and emerging applications in the pharmaceutical industry are likely to create lucrative growth opportunities for the global market soon.
- The Asia-Pacific region is expected to account for the largest share of the market over the forecast period, owing to the huge consumption from countries such as China, India, and Japan.
