Colophony Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global colophony market size reached around USD 1.98 Billion in 2024. The market is projected to grow at a CAGR of 3.50% between 2025 and 2034 to reach nearly USD 2.79 Billion by 2034.

Wide Applications of Gum Rosin to Support the Growth of the Global Market for Colophony

The global colophony industry is expected to show healthy growth in the forecast period of 2025-2034 due to the rising demand for gum rosin as an adhesive. Colophony’s most common form is known as gum rosin, which accounts for about half of the world’s production of colophony, while over a quarter is produced as tall oil rosin. It is also widely used due to its sticky properties in the production of printing inks, rubber, chewing gum, coatings, and other products. Due to its applications in a large number of industries, there are several factors driving the growth of gum rosin, especially, the rising demand for natural substitutes for adhesive bases in these industries.

Increasing Demand for Natural Adhesives in Europe to Boost the Demand for Colophony

While the Asia-Pacific is the leading producer and importer of colophony and its products, the spread of environmental awareness, especially in Europe, is leading to a surge in demand for biodegradable products. Due to colophony’s properties as a natural adhesive, it is being used as a substitute for synthetic materials in several industries, including adhesives, printing inks, coatings, and others. This is expected to be a key factor in the growth of the global colophony industry during the forecast period.

Colophony: Market Segmentation

Colophony, also known as rosin or Greek pitch, is produced by heating fresh resin obtained from pines and conifers to obtain a solid form. The final product is semi-transparent, and the colour may vary from yellow to black.

The most commonly-produced types of colophony are:

• Gum
• Tall Oil
• Wood

The market can be broadly categorised on the basis of grade into:

• X (Pale Yellow)
• WW (Slight Yellow)
• WG (Yellow)
• N (Deep Yellow)
• M (Yellow Brown)
• K (Yellow Red)

The global colophony industry can also be broken down based on form as:

• Crystals/Chunks
• Lumps

Colophony finds its applications in the following industries:

• Adhesives
• Printing Inks
• Food Processing
• Rubber
• Paper Sizing
• Coatings
• Pharmaceuticals
• Others

The report looks into the regional markets of colophony like:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Increasing Demand for End-Use Products to Drive the Growth of the Global Market for Colophony

The growth in the adhesives, printing inks, and coatings industries has led to a healthy growth in the market size for colophony. Both tall oil and gum rosin are used in rubber production, and the developing rubber industry in the Asia-Pacific is a major factor driving the growth of the colophony industry during the forecast period.

Colophony is used in the pharmaceutical industry for making coatings and films for tablets, as well as for the formulation of microcapsules and nanoparticles. The recent surge in the pharmaceutical industry due to the COVID-19 pandemic is expected to increase the demand for colophony in the future. However, the rising prices for colophony in comparison with other pine resin-based substitutes may affect the growth of the industry adversely.

Key Industry Players in the Global Colophony Market

The report presents a detailed analysis of the following key players in the global colophony market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Eastman Chemical Company
• Forestar Chemical Co. Ltd.
• Foshan Baolin Chemical Industry Co. Ltd.
• BiologiQ, Inc.
• Resin Chemicals Co. Ltd.
• Kraton Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.