Applications of Rosin are anticipated to create new business segments in the market. Rosin is in use for a broad range of Adhesive products such as adhesive and sealant, paint additive & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Rosin application is developed towards a more active mode.
Manufacturers are exploring the potential of Rosin in Paint & Coating. Application of Rosin in solder paste are gaining traction in the recent years. Recently, manufacturers have started using Rosin in the Coatings & Paints area. Further, there are also potential uses in the areas of food & food ingredient.
This segment includes Gum Rosin, Tall Oil Rosin, etc. In terms of volume, Gum Rosin segment is expected to remain dominant in the global Rosin market.
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. China is the dominant market in the global Rosin market in terms of value. The China Rosin market was estimated to be valued at US$ 729.61 Mn in 2017 and is expected to expand at a value CAGR of 3.6% over the forecast period. The Europe market is expected to expand at a robust rate of 3.6% in terms of revenue over the forecast period due to the steadily increasing production capacity for adhesive and sealant products in this region.
Hexion, Arakawa, Perum Perhutani, Resinas Brasil Group, Vinagum, Midhills Rosin & Turpenes, Forchem, Arizona, Pinova, Wuzhou Pine Chemicals, Wuzhou Sun Shine Forestry & Chemicals, Jingdong Lion, Forestarchem, Deqing Yinlong Industrial, Deqing Jixin, Nanning Heli Joint Rosin, Chuxiong Hongbang Forest Chemical, etc. are the key vendors included in this report.
The market concentration of Rosin is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. Hexion Chemical is by far the leader, followed by Arakawa and Perum Perhutani. Key Vendors like Resinas Brasil Group ,Vinagum and Midhills Rosin & Turpenes, also play important part in regional market, so the market share in each region is quite different.
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