Asia Pacific Gum Rosin Market 2024 Global Trends, Demand, Segmentation and Opportunities Forecast To 2032
Gum rosin, also known as colophony, is a natural resin obtained from pine trees. It is a solid, transparent, and brittle substance that is primarily composed of resin acids and is widely used in various applications, including adhesives, coatings, inks, and rubber. The global Asia Pacific Gum Rosin Market is driven by several factors, including the growing demand for adhesives and coatings, the increasing use of natural-based products, and the growth of the construction and automotive industries. The Asia Pacific Gum Rosin Market was valued at USD 1.4 Billion in 2022 and is expected to reach USD 2 Billion by 2032, according to a report by MRFR. The market is expected to grow at a CAGR of 4.06% during the forecast period. The growth of the market is attributed to the increasing demand for gum rosin in various end-use industries, particularly in emerging economies such as China, India, and Brazil. The Asia Pacific Gum Rosin Market is se...