According to the Market Statsville Group (MSG), the global rosin resin market size is expected to grow at a CAGR of 4.5% from 2022 to 2030. Rosin, often known as colophony, is a solid resin derived from pines and certain conifers. It is mostly composed of different resin acids. Rosin is made by vaporising the liquid terpene components of fresh liquid resin. Resin is semi-transparent and comes in a variety of hues ranging from yellow to black. Rosin has little stability when collected from pine trees due to the unsaturation. Thus, it is made to go through numerous chemical processes such as hydrogenation, dimerization, esterification, functionalization, or any combination of these with substances such as esters, acids, and alcohols to improve its stability and characteristics.

Following these chemical alterations and formulations, the rosin resin is commercially accessible in a variety of product types such as rosin esters, dimerized rosin resin, and hydrogenated rosin resin. Rosin is used to make nanoparticles and nanocapsules, which are important components of the pharmaceutical sector, in addition to its wide applications in adhesives, varnishes, printing inks, and road making materials.

Rosin resin, in particular, is made from pine compounds collected from pine trees by the pine tapping method. Using bio-based materials instead of manufactured or petrochemical materials has several advantages. Bio-based products, for example, are environmentally benign and biodegradable.

Furthermore, because bio-based sources have a constant supply, price variations are less when compared to petrochemical-based products. In compared to petroleum-based compounds, rosin resins have customizable glass transition temperatures, reduced volume shrinkage, and improved elastic modulus, Young's modulus, shape memory, flame retardancy, and corrosion protection. Moreover, considerable growth in the adhesives and sealants sector, as well as the cosmetics industry, is expected to favourably affect the worldwide rosin resins market size.

COVID-19 Impact on the Global Rosin Resin Market

The coronavirus pandemic has affected many facets of life on a global scale. The building industry uses rosin resin extensively in adhesives, waterproofing, and varnishes. In the midst of this global pandemic, construction activity has all but ceased worldwide, which has caused a dramatic decline in demand for rosin resin.

Additionally, the national and international transportation shortages have caused supply chain disruption. The rosin resin industry and its end-user sectors have experienced major challenges with regard to the mobility of raw materials and finished goods. This adds to the declining growth of the global rosin resin market.

Global Rosin Resin Market Dynamics

Rosin resins contain a high THC content and a rich terpene profile, making them exceedingly medicinally powerful. Moreover, rosin resins have exceptional film formation and coating capabilities. As a result, they are also employed for tablet film and enteric coating, which leads to customer preference for rosin resins.

Rosin price increases are expected to restrict market expansion. Furthermore, a spike in demand for pine chemicals, a rosin replacement, in major regional markets such as China and European nations is expected to stifle market expansion in the near future.

Scope of the Global Rosin Resin Market

The study categorizes the rosin resin market based on type, source and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2030)  

• Rosin Acids
• Rosin Esters
• Hydrogenated Rosin Resins
• Dimerized Rosin Resins
• Modified Rosin Resins

By Source Outlook (Sales, USD Million, 2017-2030) 

• Gum Rosin
• Wood Rosin
• Tall Oil Rosin

By Application Outlook (Sales, USD Million, 2017-2030)

• Rubbers
• Coatings
• Inks
• Adhesives
• Food & Beverages
• Cosmetics & Personal Care
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Gum rosin segment is projected to account for the largest market share by source

Based on source, rosin resin market is divided into gum rosin, wood rosin and tall oil rosin. The gum rosin segment dominate the global market, due to its use in synthetic rubber and printing inks, gum rosin is likely to dominate the global market. Rosin is extensively used in printing inks because to its better stickiness, which is beneficial in printing when compared to other traditional materials.

Asia-Pacific is expected to account for the highest CAGR during the forecast period

Based on the regions, the global rosin resin market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In terms of production and consumption, Asia Pacific emerged as the leading regional market for rosin in 2021 and is predicted to account for the greatest CAGR over the forecast period. Because of the abundance of pine trees, a significant source of rosin, China is the main producer of gum rosin in Asia Pacific. Due to a lack of gum rosin imports from other nations, China's gum rosin industry has seen rapid expansion.

Key Market Players in the Global Rosin Resin Market

The global rosin resin market is highly competitive with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global rosin resin market are:

• Eastman Chemical Company  
• Arakawa Chemical Industries, Ltd.
• Lawter Inc.
• Forestarchem Chemical Co., Ltd.
• Deqing Jiyuan Synthetic Resin Co., Ltd.
• Jinggu Forest Chemical Co. Ltd.
• International Specialty Chemicals
• Promax Industries
• Resin Chemicals Co., Ltd.
• Foreverest Resources Ltd.
• Guilin Songquan Forest Chemical Industry Co., Ltd.
• CV. Indonesia Pinus
• Hindustan Resins & Terpenes

Key Issues Addressed

• What is the market size by various segmentation of the rosin resin by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the rosin resin market ?
• What are the key opportunities and trends for manufacturers involved in the rosin resin supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of rosin resin in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market