What is Rosin Resin?
Rosin also called as colophony, it is solid form of resin that are collect from pines and some conifers. It contains various resin acids. rosin is obtained by heating liquid resin. resin has different colors vary from yellow to black and it is semitransparent. Rosin has less stability because of it contains unsaturation. To increase the stability and other qualities it goes through the various chemical process like hydrogenation, dimerization, esterification, and functionalization or blend of any chemical such as ester, alcohol and acids. after these formulation and chemical formulation done the rosin resin is available in the market with various products like dimerized rosin resin, hydrogenated rosin resin, rosin esters and so on. beside this it has various uses in varnishes, road making products, adhesives, etc. Nanoparticles and Nano capsules are essential components of pharmaceutical industry made from the rosin
Key Drivers for the Rosin Resin Market
Increasing demand for Adhesives and paints
Gum rosin is worldwide used in adhesives, gum rosin has excellent characteristics like greater polarity, advance thermal stability, durability and superior hot tack. during the manufacturing of coating and paints gum rosin is used as ingredients.it is dissolve in, gasoline, alcohol, turpentine and other organic solvents therefore its application is increasing rapidly.
Increasing demand for polypropylene
It is the type of thermoplastic polymer resin. The construction, medical, automotive industries required polypropylene. Due to light weight it used to make auto parts also it is cost effective and chemical resistance. Increasing population and developing societies growing the demand for vehicle. Apart from this it has properties like ability to withstand any temperature moisture resistance and excellent flexural strength, therefore it is use in medical industry.it has high scope in pharmaceutical industry. These are the factors drive the market growth.
Production of turpentine oil
Market growth is driven by increasing demand for turpentine oil from furniture. Resin is use for manufacturing of turpentine oil.
High prices of rosin:
Rosin prices are relatively high, the high prices may hamper the growth of rosin market
Chinese and Europe countries using the substitute products like pine chemicals, it may hamper the growth of rosin resin market.
There is high demand for resin product because of it is use globally and it has various applications like rode making products, printing ink, coating, paper sizing rubber, rosin soaps etc. Rosin also has high scope in pharmaceutical industry. Rising demand for turpentine oil drives the market growth.