Rosin Resin Global Market Opportunities and Strategies to 2034

This report describes and explains the rosin resin market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global rosin resin market reached a value of nearly $2.16 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.94% since 2019. The market is expected to grow from $2.16 billion in 2024 to $2.79 billion in 2029 at a rate of 5.25%. The market is then expected to grow at a CAGR of 4.34% from 2029 and reach $3.45 billion in 2034.

Growth in the historic period resulted from the growing use in paints and coatings, rise in the cosmetic industry, rising demand in the rubber industry and growth in tire manufacturing and rubber compounding. Factors that negatively affected growth in the historic period were limited adoption in high-end coatings and adhesives and raw material price volatility.

Going forward, the growth of solvent-free and waterborne adhesive, expanding printing ink industry, increasing consumer awareness and demand for bio-based materials and growing uses in woodworking and furniture adhesive will drive the growth. Factors that could hinder the growth of the rosin resin market in the future include competition from synthetic and petroleum-based resins, quality inconsistency in natural rosin feedstocks and trade war and tariffs.

Asia Pacific was the largest region in the rosin resin market, accounting for 36.85% or $796.82 million of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the rosin resin market will be Asia Pacific and Eastern Europe where growth will be at CAGRs of 7.09% and 6.35% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 5.60% and 4.70% respectively.

The global rosin resin market is fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 21.38% of the total market in 2024. Eastman Chemical Company was the largest competitor with 2.91% share of the market, followed by Kraton Corporation with 2.83%, Harima Chemicals Group Inc. with 2.71%, Dérivés Résiniques et Terpéniques (DRT) AB with 2.57%, Arakawa Chemical Industries Ltd. with 2.55%, Ingevity Corp. with 2.47%, DIC Corporation with 2.16%, Lawter Inc. with 2.01%, Sinofi Ingredients LLC with 0.93% and Resin Chemicals Co. Ltd. with 0.24%.

The rosin resin market is segmented by type into rosin acids, rosin esters, hydrogenated rosin resins, dimerized rosin resins, and modified rosin resins. The rosin acids market was the largest segment of the rosin resin market segmented by type, accounting for 32.23% or $696.81 million of the total in 2024. Going forward, the hydrogenated rosin resins segment is expected to be the fastest growing segment in the rosin resin market segmented by type, at a CAGR of 6.51% during 2024-2029.

The rosin resin market is segmented by source into gum rosin, wood rosin, and tall oil rosin. The gum rosin market was the largest segment of the rosin resin market segmented by source, accounting for 62.51% or $1.35 billion of the total in 2024. Going forward, the tall oil rosin segment is expected to be the fastest growing segment in the rosin resin market segmented by source, at a CAGR of 5.89% during 2024-2029.

The rosin resin market is segmented by application into rubbers, coatings, inks, adhesives, food and beverages, cosmetics and personal care, and other applications. The adhesives market was the largest segment of the rosin resin market segmented by application, accounting for 34.60% or $748.07 million of the total in 2024. Going forward, the coatings segment is expected to be the fastest growing segment in the rosin resin market segmented by application, at a CAGR of 6.26% during 2024-2029.

The top opportunities in the rosin resin market segmented by type will arise in the rosin resin segment, which will gain $630.6 million of global annual sales by 2029. The top opportunities in the rosin resin market segmented by source will arise in the gum rosin segment, which will gain $386.45 million of global annual sales by 2029. The top opportunities in the rosin resin market segmented by application will arise in the adhesives segment, which will gain $220.57 million of global annual sales by 2029. The rosin resin market size will gain the most in China at $163.53 million.

Market-trend-based strategies for the rosin resin market include focus on developing biobased and sustainable product innovations through strategic partnerships and technology collaborations to reduce carbon emissions, enhance performance and meet the growing demand for eco-friendly adhesive and coating solutions and focus on expanding production capacities and investing in advanced biobased resin technologies to strengthen their global supply capabilities, enhance product quality and meet the growing demand for sustainable and high-performance materials across specialized applications.

Player-adopted strategies in the rosin resin market include focus on expanding business capabilities through partnership.

To take advantage of the opportunities, the analyst recommends the rosin resin market companies to focus on hydrogenated rosin resins to strengthen high-performance growth, focus on tall oil rosin to capture sustainable growth momentum, expand in emerging markets, focus on biobased resin capacity expansion, focus on biobased sustainable product innovation, focus on balanced value-based pricing to protect margins and demand stability, focus on technical promotion to strengthen customer confidence and specification rates, focus on digital education and collaborative promotion to expand market reach and focus on coatings to strengthen high-growth application exposure.