Gum Rosin Price Trend

Gum Rosin Prices December 2023

The price of gum rosin in China for Q4 2023 reached 1643 USD/MT in December. The market in the country faced challenges due to increasing supply and decreasing costs, which ultimately resulted in the downward trend.

In Brazil, the price trend for gum rosin experienced mixed trends in Q4 2023 and reached 1153 USD/MT in December 2023. During the initial phase of Q4 2023, there was an upward trend on account of the increased prices of Pine Wood. However, the market faced downward trend towards the end of Q4 2023.

Gum Rosin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Gum Rosin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of gum rosin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of gum rosin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of gum rosin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing gum rosin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Gum Rosin Market Analysis

The global gum rosin market size reached US$ 1.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.3 Billion, at a projected CAGR of 4.70% during 2023-2032.

• To produce adhesives, including pressure-sensitive adhesives and hot-melt adhesives, there is a rise in the demand for gum rosin. The expanding industries like construction, packaging, and automotive is catalyzing the demand for gum rosin around the world.
• The gum rosin demand is amplified by its utilization in the paints and coatings industry due to its film-forming properties. Construction and automotive manufacturing activities have been on a rise with the growing demand for paints and coatings, thus fueling the consumption of gum rosin.
• According to the article published on the website of the National Oceanic and Atmospheric Administration in 2024, the global average concentration of atmospheric CO₂ was increased by 2.8 ppm, accounting for 419.3 parts per million (ppm) in 2023. Industries are highly aware about the negative impact of carbon emissions, so they are focusing on reducing their environmental footprints. Gum rosin is highly preferred by several industries as a raw material because it is derived from palm trees and can be an alternative to petroleum-based resins.
• The market share is also expanding as the demand for printing inks is rising. Printing inks are, therefore, highly preferred to the use of gum rosin due to the good adhesive and solubility features presented. This potential of good adhesive and solubility characteristics is what allowed for the great demand for gum rosin in the manufacturing of printing inks in the packaging, e-commerce, and advertising industries.
• A positive trend of the market is also being created due to the requirement of gum rosin in the cosmetics industry. Its binding and film forming capabilities makes it a valuable raw material to produce several products in this industry. The IMARC Group’s report claims that the global cosmetics market is expected to reach US$ 618.7 Billion by 2032.
• The gum rosin production is showing an upward trajectory as innovations like enhanced distillation techniques and purification processes in the extraction and processing of gum rosin are increasing. These innovations are resulting in the formation of high-quality and yield of gum rosin, which is very useful for end-users.
• Another factor driving the gum rosin consumption across the globe is its increasing employment in the F&B industry. As an emulsifier and food glazing agent, gum rosin plays a vital role in this industry worldwide.

Gum Rosin News

The report covers the latest developments, updates, and trends impacting the global gum rosin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in gum rosin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the gum rosin price trend.

Latest developments in the gum rosin industry:

• In 2024, Grupo Resinas Brasil (RB), a large Brazilian pine chemicals producer, acquired Pinopine, a Portuguese gum rosin derivatives producer.
• In 2024, Kraton Corporation completed a $35 million investment to upgrade its crude tall oil (CTO) biorefinery towers in its Panama City, Florida manufacturing facility.

Product Description

Also known as rosin, gum rosin is a natural resin extracted from pine trees. Primarily produced by heating fresh liquid resin to evaporate the volatile components. This process will leave behind a semi-transparent and brittle solid ranging in color from pale yellow to dark amber.

Its glassy and brittle nature with its tendency to become sticky when heated are counted as its main characteristics. Soluble in organic solvents like ether, alcohol, and chloroform but insoluble in water, this resin can be very helpful to produce several resin acids, including abietic acid. Because of its adhesive and film-forming properties, it is considered as an important raw material in numerous industries.

Its importance increases as it is a natural and eco-friendly ingredient. To provide the significant tackiness and bonding strength to pressure-sensitive adhesives, hot-melt adhesives, and various general-purpose adhesives, gum rosin is highly valuable in the adhesive industry.

Regional Coverage

The report provides a detailed analysis of the gum rosin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the gum rosin price trend.

Global Gum Rosin Price

The report offers a holistic view of the global gum rosin pricing trends in the form of gum rosin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of gum rosin but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed gum rosin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Gum Rosin Price

In the fourth quarter of 2023, the prices of gum rosin experienced consistent decline in Europe. Reduced cost of production can be cited as one of the reasons for this downward trend. This trend witnessed in the region is further responsible for the low purchasing power at the end user, which is caused by high inflationary pressures and high interest rates.

The prices for gum rosin experienced upward trend in the first quarter of 2024 in Europe on account of disruptions in Suez Canal. Moreover, the declined prices of pine wood, which is a main feedstock of gum rosin, further increased the prices of the product in the domestic market.

This analysis can be extended to include detailed gum rosin price information for a comprehensive list of countries.

North America Gum Rosin Price

Throughout the fourth quarter of 2023, the gum rosin prices showcased a downward trajectory, as the prices for pine wood declined in the North America region. In addition, the demand for gum rosin from the downstream sectors like adhesives, rubber, and paints and coatings remained subdued. 

In the first quarter of 2024, the prices for gum rosin experienced bullish market sentiments as the feedstock prices settled on the higher end in the domestic market. The consumption of rubber in the automotive industry increased, which further elevated the demand for gum rosin. 

Specific gum rosin historical data within the United States and Canada can also be provided.

Middle East and Africa Gum Rosin Price

The report explores the gum rosin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on gum rosin prices for countries can also be provided.

Asia Pacific Gum Rosin Price

The prices of gum rosin in the Asia Pacific region throughout the fourth quarter of 2023 witnessed mixed sentiments. Increasing supply, decreasing costs, and low demand from the downstream industries is responsible for this trend in the region. The market also experienced low manufacturing costs of gum rosin due to decreased prices of pine wood.

The first quarter of 2024 brought fluctuating trend of prices of gum rosin in the Asia Pacific region. The unexpected shut down of gum rosin plant and geopolitical tension in the region is responsible for this trend.

This gum rosin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Gum Rosin Price

In the fourth quarter of 2023, the Latin America region experienced mixed trend in the prices of gum rosin. The settlement of pine wood feedstock on the lower end during this period can be attributed to the overall decline in prices of gum rosin in the region. Moreover, the low demand from downstream industries further contributed to this trend in the region.

In the Latin American region, the prices for gum rosin witnessed mixed sentiments during the first quarter of 2024. Due to the low supply of feedstock pinewood, its prices increased, and it further resulted in the high production costs of gum rosin in the domestic market.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of gum rosin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting gum rosin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The gum rosin price charts ensure our clients remain at the forefront of the industry.