San Francisco, 18 June 2020 — “Gum Rosin Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027”
Global Gum Rosin Market is expected to reach USD 2.49 billion by 2024. Gum rosin is a natural solid form of pine oleoresin obtained from the pine trees. It is also known as “colophony” due to its range of colors from yellow to black. It is a raw material used in industries. It is exclusively used as coating material for release of control fertilizer. It is an organic compound of resin acid, monoterpene, and turpentine. The Gum Rosin Market is estimated to grow at a significant CAGR of 3.3% over the forecast period as the scope and its applications are rising enormously across the globe.
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Growing demand from end users like printing inks and synthetic rubber, vast growth of adhesive and synthetic rubber industries, high demand for high-grade gum rosin products, and availability of low cost labor are documented as the major factors that are estimated to enhance the growth in the years to come. However, unfavorable weather conditions may restrain the overall market growth in the years to come. Gum Rosin Market is segmented based on product type, application, and region.
K, WW, M, WG, XN, and the other product types could be explored in Gum Rosin in the forecast period. WW gum rosin sector accounted for the substantial market share of Gum Rosin and is estimated to lead the overall market in the upcoming period. In terms of revenue, the sector is estimated to grow at a significant CAGR in future.
This report studies the global Gum Rosin market status and forecast, categorizes the global Gum Rosin market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
The key players of Gum Rosin Market are DeqingYinlong Industrial, CeluloseIrani SA, Pasadena Engineering Indonesia, Wuzhou Pine Chemicals, Forestarchem, Forestar Chemical Co. Ltd., Wuzhou Sun Shine Forestry & Chemicals, Indonesia Pinus, and Xinhui Overseas Chinese Industry. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.
This research report offers a comprehensive analysis of key elements of the Gum Rosin Market such as potential top key Manufacturers along with their strengths and weaknesses. The Gum Rosin Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global Gum Rosin market, various statistical tools were utilized to get an accurate result of the Demographic data.
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