GlobalÂ Rosin MarketÂ 2019 report provides key statistics on the market status of the Rosin Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Rosin Industry. The Rosin industry report firstly announced the Rosin Market fundamentals: type applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.
According to this study, over the next five years, the Rosin (CAS 8050-09-7) market will register a 3.5% CAGR in terms of revenue, the global market size will reach US$ 1959 million by 2024, from US$ 1705.4 million in 2019.
Rosin is a solid form of resin obtained from pines and some other plants, mostly conifers, produced by heating fresh liquid resin to vaporize the volatile liquid terpene components. It is semi-transparent and varies in colour from yellow to black. At room temperature rosin is brittle, but it melts at stove-top temperature.
Currently, there are several producing companies in the world rosin industry. The main players areÂ Hexion, Arakawa, Perum Perhutani, Resinas Brasil Group, Vinagum, Wuzhou Pine Chemicals and Wuzhou Sun Shine Forestry & Chemicals. The global sales of rosin will increase to 1003229 MT in 2017 from 1187793 MT in 2012.
In the consumption market, China and Europe are the main consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 63.86% of the global consumption volume in total.
The major manufacturers covered in this report: Hexion, Wuzhou Pine Chemicals, Arakawa, Resinas Brasil Group, Vinagum, Perum Perhutani, Arizona, Midhills Rosin & Turpenes, Pinova, Forchem, Nanning Heli Joint Rosin, ZHAOQING DIC, Chuxiong Hongbang Forest Chemical, Wuzhou Sun Shine Forestry & Chemicals, Deqing Yinlong Industrial, Forestarchem, Feishang, Deqing Jixin, Jingdong Lion, Guangdong KOMO, Songquan Forest Chemical, Resin Chemicals.
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Rosin market has been witnessing strong growth over the past few years on account of its widespread application base in various industries such as sealing wax, adhesives, printing inks, laser printing papers and chewing gums owing to its high adhesion properties. Increasing demand from these end-use applications is the key factor to drive the market over the forecast period. In addition, increasing demand for rosin resins is one of the key factors to augment market growth over the next seven years. Rosins have also been used in pharmaceutical industries to formulate microcapsules and nanoparticles. Increasing demand from pharmaceutical industries is further expected to drive the market over the forecast period.
Rosin is also used in the production of turpentine oil. Increasing demand for turpentine oil from furniture is also anticipated to complement the market growth over the foreseeable period. However, increasing prices of rosin are anticipated to hamper the market growth over the forecast period. Moreover, growing demand for pine chemicals, substitute of rosin in major regional markets including China and European countries is anticipated to hinder rosin market growth over the next seven years.
The Rosin (CAS 8050-09-7) market can be divided based on product types and Itâ€™s sub-type, major applications and Third Party usage area, and important regions.
This report segments the globalÂ Rosin (CAS 8050-09-7)Â Market on the basis ofÂ TypesÂ are:
Tall Oil Rosin
Based on product type rosin market can be segmented into gum rosin, tall oil rosin and wood rosin. Gum rosin was the leading product segment in this market owing to its widespread application base in adhesives, printing inks, road marking, chewing gums, and other thermoplastics applications. Tall oil rosin is the second major market for rosin followed by wood resin. Tall rosins are extensively used in adhesives, waterproofing applications, printing inks, enamels and other varnishes. Strong demand from the adhesive industry is the key factor to drive the market over the forecast period.
On The basis OfÂ Application,Â the GlobalÂ Rosin (CAS 8050-09-7)Â Market is Segmented into:
Paint & Coating
Coatings & Paints
The major application of rosins include adhesives, road marking, coating, inks, paper sizing, rubbers and rosin soaps among many others. Adhesives, road marking, and coating application together hold the major market share of rosin. Owing to the high adhesion property of rosin, the demand from these applications has been increasing and this trend is expected to continue over the forecast period. Printing inks is the second major application segment for rosin market owing to its high sticky property which allows good printing advantages over the other traditional materials. Other applications segments including paper sizing, rubber and rosin soaps are expected to witness considerable growth over the forecast period.
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Regions covered By Rosin (CAS 8050-09-7) Market Report 2019 to 2024.
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
â€“ Detailed overview of Rosin (CAS 8050-09-7) Market
â€“ Changing Rosin (CAS 8050-09-7) market dynamics of the industry
â€“ In-depth market segmentation by Type, Application etc.
â€“ Historical, current and projected Rosin (CAS 8050-09-7)Â Â market size in terms of volume and value
â€“ Recent industry trends and developments
â€“ Competitive landscape of Rosin (CAS 8050-09-7)Â Â Market
â€“ Strategies of key players and product offerings
â€“ Potential and niche segments/regions exhibiting promising growth.
The report has 150 tables and figures browse the report description and TOC:
At last, the report gives the inside and out examination of the Rosin (CAS 8050-09-7) Market took after by the above components, which are useful for organizations or individuals for the development of their present business or the individuals who are hoping to enter in Rosin (CAS 8050-09-7) industry.
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