Rosin Resin Market

Rosin Resin Market Outlook (2024 to 2034)

Worldwide revenue from sales of rosin resins is estimated at US$ 2.18 billion in 2024 and is projected to increase at 4.5% CAGR to reach US$ 3.38 billion by 2034. Rosin resin is extensively used in various applications such as rubber, printing inks, paper sizing, varnishes, paints, and adhesives.

The friction-enhancing potential of rosin resin is opening up new market growth opportunities, as it is being used in a variety of applications. Furthermore, the availability of diverse rosin resin grades bodes well for the market, creating new opportunities for its use in a variety of sectors. Gum rosin, as a dispersion and emulsifier in the synthetic rubber sector, is also proving to be a useful resource, thus contributing to market growth.

Rosin resin is particularly made from pine compounds obtained from pine trees through the pine tapping process. The usage of bio-based products over synthetic or petrochemical materials has several advantages. For example, bio-based products are both environmentally beneficial and biodegradable. One of the current rosin resin market trends is the rising awareness of the importance of using eco-friendly materials among consumers.

Key Market Growth Drivers

• Growth of the electronic and automotive sectors is contributing to the rosin resin market growth. The demand in these industries is driven by the insulating and adhesive properties of rosin resin.
• Increasing focus on using sustainable and environmentally friendly materials or resources in end-use industries also plays an important part in increasing profits of rosin resin suppliers, as it is a renewable resource.
• Another driver for rosin resin market growth is the increasing demand for paints, coatings, pharmaceuticals, adhesives, and sealants as rosin resin is an essential element in these products' formulation.
• With ongoing advancements in technology, the application of rosin resin is expanding across sectors.
• The paints and coatings industry is also contributing to market growth, as rosin resin easily dissolves gasoline, alcohol, turpentine, and natural solvents that are essential for the formulation of paints.
• Rising demand for rubber across end-use industries is also supporting the growth of the market.

Report Attributes	Details
Rosin Resin Market Size (2024E)	US$ 2.18 Billion
Forecasted Market Value (2034F)	US$ 3.38 Billion
Global Market Growth Rate (2024 to 2034)	4.5% CAGR
East Asia Market Share (2024E)	36.5%
North America Market Value (2034F)	US$ 984.6 Million
Sales of Dimerized Rosin Resins (2034F)	US$ 1.07 Billion
Key Companies Profiled	Harima Chemicals Group Lawter Inc. Forestarchem Chemical Co., Ltd. United Resins SA Floripinus Chemical Industries Deqing Jiyuan Synthetic Resin Co., Ltd. Jinggu Forest Chemical Co. Ltd. Eastman Chemical Company International Specialty Chemicals Promax Industries Forestar Chemical Co. Ltd. CV. Indonesia Pinus Hindustan Resins & Terpenes Foreverest Resources Ltd. Arakawa Chemical Industries, Ltd. Resin Chemicals Co., Ltd. CV. Indonesia Pinus Guilin Songquan Forest Chemical Industry Co., Ltd.

What are Key Rosin Resin Market Trends Not to Be Missed?

“Extensive Use of Rosin in Printing Inks and Adhesive Manufacturing”

Rosin is extensively used as a raw material in adhesive manufacturing to improve adhesion, strength, and softness. Adhesives are used in the manufacture of furniture and rubber boots, as well as the bookbinding and packaging sectors. The expansion of the adhesive business is significantly influencing rosin resin sales. The growing demand for natural ingredient-based rosin resin adhesives is expected to provide more attractive prospects for manufacturers.

Rosin resin is highly soluble in alcohol and gasoline. It is commonly used as a foundation component in the paints and coatings industry. The increasing need for paints and coatings in the automotive, construction, and other sectors is driving rosin resin sales. Rosin resin is commonly used in adhesives, road markings, coatings, inks, paper sizing, rubbers, and soaps, among other applications. Rosin's strong adhesion property is boosting its use in these applications. Also, the use of rosin resin in printing inks is on the rise due to its superior adhesion properties, enabling better printing results compared to conventional materials.

Country-wise Insights

East Asia is estimated to hold 36.5% of the global rosin resin market share in 2024. Demand for rosin resin is growing in this region as a result of increasing infrastructure development and construction activities as well as its widespread use in the packaging and automotive sectors.

Why Does China Hold a Significant Market Share in East Asia?

“Steady Growth of Automotive Sector Boosting Demand for Rosin Resin”

Attribute	China
Market Value (2024E)	US$ 452.5 Million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 744.5 Million

The East Asia region, led by China, dominates both the production and consumption of rosin, particularly gum rosin, due to abundant pine tree resources. The self-sufficiency of China in rosin resin production is fueling the growth of the market. The expanding automotive sector in China is fueling demand for rosin resin, especially in car paints and coatings, leading to increased gum rosin sales.

What are the Reasons for Increasing Demand for Rosin Resin in the United States?

“Growing Emphasis on Use of Sustainable Raw Materials in Industrial Manufacturing”

Attribute	United States
Market Value (2024E)	US$ 446.8 Million
Growth Rate (2024 to 2034)	4.9% CAGR
Projected Value (2034F)	US$ 723.7 Million

The United States is a significant market in the North American region, with demand coming from applications such as adhesives, coatings, and printing inks. Construction operations, car manufacturing, and the packaging sector are contributing to market growth due to heavy reliance on rosin resin. The emphasis on the use of sustainable and environmentally friendly materials in industrial processes is creating opportunities for rosin resin manufacturers in the country due to its renewable nature and non-toxic nature.

Category-wise Insights

Which Properties of Dimerized Rosin Resin are Manufacturers Exploiting?

“Extensive Use of Dimerized Rosin Resin Due to its Chemical Stability and Water Resistance”

Attribute	Dimerized Rosin Resins
Segment Value (2024E)	US$ 675.4 Million
Growth Rate (2024 to 2034)	4.2% CAGR
Projected Value (2034F)	US$ 1.07 Billion

Primary factor responsible for increasing sales of dimerized rosin resin is the rising demand for adhesives and sealants in industries such as automotive, construction, infrastructure, woodworking, and packaging. Dimerized rosin resin provides superior adhesion properties, chemical stability, and water resistance, which makes it suitable for application in various industries. Other than this, the versatility of dimerized rosin resin is broadening its scope of application beyond adhesives to rubber compounding, coatings, and printing inks.

How is Use of Hydrogenated Rosin Resin Assisting in Industrial Manufacturing?

“Hydrogenated Rosin Resin Offering Improved Stability and Resistance to Discoloration”

Attribute	Hydrogenated Rosin Resins
Segment Value (2024E)	US$ 398.7 Million
Growth Rate (2024 to 2034)	4.6% CAGR
Projected Value (2034F)	US$ 639.5 Million

In contrast to conventional rosin resin, its hydrogenated form offers enhanced qualities including improved stability, resistance to discoloration and oxidation, and enhanced adhesion. The rising demand for eco-friendly products in consumer and end-use industries is driving the adoption of hydrogenated rosin resin, as it is derived from renewable natural resources. This shift towards sustainable materials aligns with increasing environmental awareness and regulations.

Competitive Landscape

Key market players in the rosin resin market are Harima Chemicals Group, Lawter Inc., Forestarchem Chemical Co., Ltd., United Resins SA, Floripinus Chemical Industries, Deqing Jiyuan Synthetic Resin Co., Ltd., Jinggu Forest Chemical Co. Ltd., Eastman Chemical Company, International Specialty Chemicals, Promax Industries, Forestar Chemical Co. Ltd., and Hindustan Resins & Terpenes Foreverest Resources Ltd.

The market is highly competitive, with established players and new entrants striving for a large market share. Key strategies adopted by players include product differentiation, expansion, and mergers.

• In September 2023, Foreverest Resources Ltd. launched a rosin resin-based product designed for use in the production of bioplastics.
• In July 2023, Ripple, the pioneer of clinically verified, fast-acting, water-soluble THC products, published the third installment in a series of small-batch, live rosin partnerships. This latest release is the product of a collaboration between renowned cannabis extractor DabLogic and master artist Ellie Paisley.
• In March 2023, Eastman Chemical Corporation and some of its subsidiaries announced the successful sale of their adhesive resin business, including rosin, to Synthomer.

Segmentation of Rosin Resin Market Research

• By Type :

  • Rosin Acids
  • Rosin Esters
  • Hydrogenated Rosin Resin
  • Dimerized Rosin Resin
  • Modified Rosin Resin

• By Source :

  • Gum Rosin
  • Wood Rosin
  • Tall Oil Rosin

• By Application :

  • Rubber
  • Coatings
  • Inks
  • Adhesives
  • Food & Beverages
  • Cosmetics & Personal Care

• By Region :

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa