PUBLISHER: The Business Research Company | PRODUCT CODE: 1895268
PUBLISHER: The Business Research Company | PRODUCT CODE: 1895268
Rosin resin refers to a group of solid natural or modified resins obtained from pine trees and other conifers, typically produced through distillation of the tree's oleoresin or from by-products of the paper pulping process. Rosin resin is widely used as a tackifier, adhesive and flux agent across various industries. It enhances grip in sports, improves adhesion in rubber and paper products and serves as a key ingredient in varnishes, inks, soaps and soldering fluxes.
The rosin resin market consists of sales by entities (organizations, sole traders and partnerships) of rosin resin that is used during the formulation and production stages where tack, adhesion, elasticity and compatibility with organic solvents are required.
The global rosin resin market reached a value of nearly $2,162.22 million in 2024, having grown at a compound annual growth rate (CAGR) of 3.94% since 2019. The market is expected to grow from $2,162.22 million in 2024 to $2,792.82 million in 2029 at a rate of 5.25%. The market is then expected to grow at a CAGR of 4.34% from 2029 and reach $3,453.44 million in 2034.
Rise In The Cosmetic Industry
During the historic period, the rise in the cosmetic industry supported the growth of the rosin resin market. Rosin resins are widely used in cosmetics due to their excellent film-forming, adhesive and texture-enhancing properties, making them ideal for products such as lipsticks, mascaras and nail polishes. The increasing consumer demand for high-quality and aesthetically appealing cosmetic products fueled the adoption of rosin-based formulations. Moreover, the trend toward natural and sustainable ingredients in personal care products further boosted the use of bio-based rosin resins. For instance, in 2022, according to the CTPA's 2022 Annual Report published by The Cosmetic, Toiletry and Perfumery Association, a UK-based organization, total fragrance sales in the UK increased to (£71.54) $95.76 million in 2022 from (£70.77) $94.73 million in 2021. Additionally, color cosmetics sales in 2022 increased (£118.17) $158.19 million, up from (£112.26) $150.28 million in 2021. Moreover, according to Chaileedo, a China-based cosmetics professional media company, in December 2024, total retail sales of cosmetics reached ¥34.47 billion ($4.83 billion), a 0.8% increase compared to December 2023. Therefore, the rise in the cosmetic industry drove the growth of the rosin resin market.
Strategic Collaboration Accelerates Development of High-Performance, Low-Carbon Adhesive Solutions
Major companies operating in the rosin resin market are focusing on developing biobased and sustainable product innovations through strategic partnerships and technology collaborations to reduce carbon emissions, enhance performance and meet the growing demand for eco-friendly adhesive and coating solutions. For instance, in March 2024, Henkel AG & Co. KGaA, a Germany-based chemical manufacturing company, partnered with Kraton Corporation, a US-based chemical manufacturing company to enhance sustainability in adhesive technologies. Under the agreement, Kraton will supply Henkel with biobased tackifiers and its patented REvolution rosin ester technology, enabling significant carbon emission reductions in Henkel's Technomelt hot melt adhesive portfolio. The collaboration supports Henkel's goal to expand eco-friendly packaging and consumer goods solutions without compromising performance. Kraton's REvolution offers a renewable, high-performance alternative to fossil-based tackifiers, delivering lighter color, improved stability and reduced odor. This partnership reinforces both companies' commitment to sustainable innovation and environmental stewardship within the global adhesives industry.
The global rosin resin market is fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 21.38% of the total market in 2024.
Rosin Resin Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global rosin resin market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for rosin resin? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The rosin resin market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider rosin resin market; and compares it with other markets.