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Global Colophony Market Size, Share, Trends, Forecast: By Type: Gum, Tall Oil, Wood; By Grade: X (Pale Yellow), WW (Slight Yellow), WG (Yellow), N (Deep Yellow), M (Yellow Brown), K (Yellow Red); By Form; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Colophony Market Analysis
8.1 Key Industry Highlights
8.2 Global Colophony Historical Market (2018-2023)
8.3 Global Colophony Market Forecast (2024-2032)
8.4 Global Colophony Market by Type
8.4.1 Gum
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Tall Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Wood
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Colophony Market by Grade
8.5.1 X (Pale Yellow)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 WW (Slight Yellow)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 WG (Yellow)
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 N (Deep Yellow)
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 M (Yellow Brown)
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 K (Yellow Red)
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.6 Global Colophony Market by Form
8.6.1 Crystals/Chunks
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Lumps
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Colophony Market by Application
8.7.1 Adhesives
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Printing inks
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Food Processing
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Rubber
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Paper Sizing
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Coating
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Pharmaceuticals
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Colophony Market by Region
8.8.1 North America
8.8.2 Europe
8.8.3 Asia Pacific
8.8.4 Latin America
8.8.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (Sweet Potato HS Code: 380610)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
13.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
14.3 Operations Involved
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Eastman Chemical Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Forestar Chemical Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Foshan Baolin Chemical Industry Co.,Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BiologiQ, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Resin Chemicals Co., Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Kraton Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1. Land, Location, and Site Development
1.2. Construction
1.3. Plant Machinery
1.4. Cost of Raw Material
1.5. Packaging
1.6. Transportation
1.7. Utilities
1.8. Manpower
1.9. Other Capital Investment
List of Key Figures and Tables
1. Global Colophony Market: Key Industry Highlights, 2018 and 2032
2. Global Colophony Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Colophony Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Colophony Historical Market: Breakup by Grade (USD Billion), 2018-2023
5. Global Colophony Market Forecast: Breakup by Grade (USD Billion), 2024-2032
6. Global Colophony Historical Market: Breakup by Form (USD Billion), 2018-2023
7. Global Colophony Market Forecast: Breakup by Form (USD Billion), 2024-2032
8. Global Colophony Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Colophony Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Colophony Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Colophony Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Colophony Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Colophony Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Importing Countries by Volume
23. Major Exporting Countries by Volume
24. Major Importing Countries by Value
25. Major Exporting Countries by Value
26. North America Historical Price Trends and Forecast 2018-2032
27. Europe Historical Price Trends and Forecast 2018-2032
28. Asia Pacific Historical Price Trends and Forecast 2018-2032
29. Latin America Historical Price Trends and Forecast 2018-2032
30. Middle East and Africa Historical Price Trends and Forecast 2018-2032
31. Global Colophony Market Structure
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.
Analyst Review
The global colophony market is heavily dependent on the global gum rosin market (the most common type of colophony), which attained a value of USD 1.98 billion in 2023, driven by the growth in the adhesives industry. Aided by increasing environmental awareness, the gum rosin market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%. It is projected to reach USD 2.67 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into gum, tall oil, and wood, among others, with gum accounting for the largest market share. On the basis of grade, colophony is classified as X (pale yellow), WW (slight yellow), WG (yellow), N (deep yellow), M (yellow brown), and K (yellow red). Colophony is obtained in crystal/chunk form or as lumps. Its application segments include adhesives, printing inks, food processing, rubber, paper sizing, coatings, pharmaceuticals, and others. The major regional markets for colophony are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Eastman Chemical Company, Forestar Chemical Co. Ltd., Foshan Baolin Chemical Industry Co. Ltd., BiologiQ, Inc., Resin Chemicals Co. Ltd., and Kraton Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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