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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 1.98 billion.
The global colophony industry is strongly correlated to the global gum rosin market, which is expected to grow at a CAGR of 3.5% during the forecast period of 2024-2032.
The global colophony industry is strongly dependent on the global gum rosin market, which is expected to grow at a steady pace and reach a value of USD 2.67 billion by 2032.
The major drivers of the market include growing demand for natural adhesives, rising disposable incomes, robust growth of the pharmaceuticals sector, and the increasing use of colophony in the production of coatings and printing inks, among others.
The key trends guiding the market are the flourishing rubber sector, the rising use of colophony in formulating nanoparticles and microcapsules, and the growing use of colophony as a substitute for synthetic materials in various end-use sectors.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Gum, tall oil, and wood are the major types of colophony.
The various segments on the basis of grade considered in the market report include X (pale yellow), WW (slight yellow), WG (yellow), N (deep yellow), M (yellow brown), and K (yellow red).
The significant forms of colophony considered in the market report include crystal/chunks and lumps.
Adhesives, printing inks, food processing, rubber, paper sizing, coating, and pharmaceuticals, among others, are the major applications of colophony.
The key players in the market are Eastman Chemical Company, Forestar Chemical Co. Ltd., Foshan Baolin Chemical Industry Co. Ltd., BiologiQ, Inc., Resin Chemicals Co. Ltd., and Kraton Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124