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The global colophony industry is expected to show healthy growth in the forecast period of 2024-2032 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.
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.
*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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In 2024, 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 2025-2034.
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 2034.
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