Projected Global Disproportionated Rosin Market Expected to Reach US$ 6,244.2 Million by 2029

The global market for Disproportionated Rosin (also known as DPD) is poised for significant growth in 2023, as innovations, increasing applications, and rising demand contribute to its expansion. Market analysts forecast robust growth for the Disproportionated Rosin market in the coming year, driven by various factors, including its extensive use in industries such as adhesives, paints and coatings, and rubber.

Disproportionated Rosin is a critical raw material derived from pine resin and is utilized in a multitude of industrial applications due to its excellent adhesive and binding properties. With the global economy on the path to recovery, there is a renewed focus on industrial production, which is anticipated to boost the demand for Disproportionated Rosin.

Global Disproportionated Rosin market is expected to reach to US$ 5260 million in 2023, with a positive growth of %, compared with US$ 5029 million in 2022 which suffered dual impact of COVID-19 and Russia-Ukraine War in the year. Backed with the increasing demand from downstream industries, Disproportionated Rosin industry is evaluated to reach US$ 6244.2 million in 2029. The CAGR will be 2.9% during 2023 to 2029.

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Key Drivers of Growth:

Expanding Applications: Disproportionated Rosin is widely used in the production of adhesives, rubber compounds, and paints and coatings. The growing construction and automotive industries are driving increased demand for these products, further fueling the demand for Disproportionated Rosin.

Innovations in Production: Advances in extraction and processing techniques have led to increased efficiency and quality in Disproportionated Rosin production. This has lowered production costs and improved the overall quality of the product, making it even more appealing to manufacturers.

Sustainability: With environmental concerns becoming paramount, Disproportionated Rosin's natural origin is a significant advantage. Its use as a sustainable alternative in various applications is expected to drive its adoption further.

Global Recovery: As the world continues to rebound from the COVID-19 pandemic, various industries are showing signs of resurgence. The construction and automotive sectors, in particular, are experiencing increased activity, which bodes well for the Disproportionated Rosin market.

Asia-Pacific is expected to dominate the global Disproportionated Rosin market, with China being a major contributor to the region's growth. North America and Europe are also anticipated to witness substantial growth due to the recovery of their respective economies.

Key players in the global Disproportionated Rosin market include :

Kraton Corporation

Arakawa Chemical

DRT

Deqing Jiyuan Synthetic Resin

West Tech Chemical

Segment by Type:

Softening Point Below 100℃

Softening Point 100℃-135℃

Softening Point Above 135℃

Segment by Application:

Coating Industry

Ink Industry

Adhesive Industry

Medical Industry

Pigment Industry

Other

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