How Has the Rosin Resin Market Size Evolved in Recent Years?
The rosin resin market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size of rosin resin has seen a significant increase. It is projected to expand from its current $2.16 billion in 2024 to reach $2.29 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%.
The historic surge owes itself to growing demands in the adhesive sector, expansion in the printing ink industry, amplified rubber production, increased paper sizing usage, and wider applications in the pharmaceutical and cosmetic arenas.
What are the Market Size and Expected Growth Rates for the Rosin Resin Market?
The rosin resin market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for significant expansion in the rosin resin market over the coming years. Projections suggest an increase to $2.87 billion by 2029, with a compound annual growth rate (CAGR) of 5.8%.
Factors contributing to this expected growth during the predicted period include a heightened demand for eco-friendly packaging, emerging applications in renewable energy technology, progressing developments in bio-based polymers and coating technologies, and the growth of both the automotive and electronics industries. The forecast period is also expected to see key trends such as product innovation, infrastructural development, advanced technology deployment, the environmentally-friendly and adaptable nature of tall oil rosin and wood rosin, and a rise in partnerships.
Which Key Drivers Are Propelling The Rosin Resin Market's Growth?
The growth trajectory of the rosin resins market is projected to be influenced by the escalating expansion in the cosmetics industry. Essentially, this industry encompasses the manufacturing and marketing of products designed to magnify beauty, enhance personal hygiene, and encourage skincare. The swift growth in the cosmetics sector can be accredited to the rising inclination towards natural products, individualized beauty solutions, the proliferation of e-commerce, influence of social media, ethical consumerism, and the scenario of male grooming. Rosin resin is utilized in the cosmetics industry in several forms, such as an adhesive, emollient, colorant binder, fragrance fixative, thickening and stabilizing agent for emulsions, which ultimately enhances the quality and feel of various beauty products. As an illustration, the 2022 Annual Report of the Cosmetic, Toiletry, and Perfumery Association (CTPA) revealed that the total fragrance sales in the UK amplified to $95.76 million (£71.54) in 2022, compared to $94.73 million (£70.77) in the previous year. Furthermore, the demand for color cosmetics also rose, from $150.28 million (£112.26) in 2021 to $158.19 million (£118.17) in 2022. Consequently, the booming cosmetics industry is significantly influencing the growth of the rosin resins market.
What Are The Key Segments Within The Global Rosin Resin Market?
The rosin resin market covered in this report is segmented –
1) By Type: Rosin Acids, Rosin Esters, Hydrogenated Rosin Resins, Dimerized Rosin Resins, Modified Rosin Resins
2) By Source: Gum Rosin, Wood Rosin, Tall Oil Rosin
3) By Application: Rubbers, Coatings, Inks, Adhesives, Food And Beverages, Cosmetics And Personal Care, Other Applications
Subsegments:
1) By Rosin Acids: Abietic Acid, Palustric Acid, Dehydroabietic Acid, Pimaric Acid
2) By Rosin Esters: Glycerol Ester Of Rosin, Pentaerythritol Ester Of Rosin, Methyl Ester Of Rosin, Maleic-Modified Rosin Ester
3) By Hydrogenated Rosin Resins: Partially Hydrogenated Rosin, Fully Hydrogenated Rosin, Hydrogenated Rosin Ester
4) By Dimerized Rosin Resins: Thermal Dimerized Rosin, Catalytically Dimerized Rosin
5) By Modified Rosin Resins: Polymerized Rosin, Disproportionated Rosin, Maleated Rosin, Phenolic Modified Rosin
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What Trends Are Shaping The Rosin Resin Market?
Major companies operating in the rosin resins market are focused on developing innovative technologies, such as biobased technology, to create sustainable and eco-friendly products that meet the growing demand for environmentally responsible materials across various industries, including adhesives, coatings, and cosmetics. Biobased technology refers to the use of renewable biological resources, such as plants, animals, and microorganisms, to create products, materials, and energy. For instance, in September 2024, Kraton Corporation, a US-based chemical company, launched the Revolution Rosin Ester technology, a sustainable choice for the adhesive industry. This innovative technology utilizes renewable resources, primarily derived from pine rosin, to create versatile rosin esters that can replace petroleum-based products. The technology emphasizes circularity, promoting resource efficiency by ensuring that products can be recycled or repurposed at the end of their life cycle. By aligning with eco-friendly principles, Kraton’s REvolution not only supports a sustainable future but also drives innovation within industries looking to reduce their carbon footprint and transition towards bio-based solutions.
Who Are the Key Players In The Rosin Resin Market?
Major companies operating in the rosin resin market are:
• Eastman Chemical Company
• Kraton Corporation
• Jubilant Ingrevia Limited
• Harima Chemicals Group Inc.
• Arakawa Chemical Industries Ltd.
• Special Chem
• Dérivés Résiniques et Terpéniques (DRT)
• Sinofi Ingredients LLC
• Lawter Inc.
• Shree Resins & Chemicals
• Resin Chemicals Co. Ltd.
• Pine Chemical Group
• Florachem Corporation
• Foreverest Resources Ltd.
• Guangdong Komo Co. Ltd.
• Teckrez Inc.
• Xinyi Sonyuan Chemical Co. Ltd.
• Saraf Resin and Chemicals Limited
• Finjetchemical Industries Limited
• Rosin Chemical (Wuping) Co. Ltd.
What Are The Regional Insights Into The Rosin Resin Market?
Asia-Pacific was the largest region in the rosin resins market in 2024. The regions covered in the rosin resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
