ROSIN MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 


Rosin Market Analysis:

The Global Rosin Market is anticipated to exhibit a compound annual growth rate (CAGR) exceeding 4% throughout the projected period.

The market experienced adverse effects due to the COVID-19 pandemic in 2020.

However, it has now been assessed to have rebounded to pre-pandemic levels and is anticipated to demonstrate consistent growth in the future.

The primary drivers of the market include the escalating demand for adhesives and the increasing requirements from the paints and coatings industry.

Conversely, the presence of viable alternatives is expected to impede market expansion.

Moreover, the rising demand for bio-based products is anticipated to present a lucrative market opportunity in the forthcoming years.

The Asia-Pacific region emerged as the dominant market globally, with countries such as China, India, and Japan serving as the largest consumers.

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