| Product Code: ETC327029 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a significant increase in gum and wood chemicals import shipments in 2024, with key exporters being South Korea, Japan, Singapore, Indonesia, and China. The market exhibited a shift towards higher concentration with a rise in the Herfindahl-Hirschman Index (HHI) from moderate to high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 18.82%, indicating a robust expansion in the market. Additionally, the growth rate from 2023 to 2024 stood at 1.67%, reflecting continued momentum in import activities for these essential chemicals.

The Philippines` gum and wood chemicals market has witnessed moderate growth as these products find use in various industries such as woodworking and adhesives. The CAGR for this market is around 8.2%.
The gum and wood chemicals market growth can be influenced by the forestry industry, demand for sustainable products, and applications in various sectors such as adhesives, textiles, and pharmaceuticals. Environmental concerns and industrial trends play a role in market dynamics.
Environmental concerns and shifts towards alternative materials challenge the Philippines Gum and Wood Chemicals Market. As industries seek sustainable solutions, traditional gum and wood chemicals face competition from synthetic and bio-based alternatives. Market players must innovate to stay relevant.
The gum and wood chemicals market in the Philippines has faced challenges due to the disruptions in the supply chain and manufacturing operations caused by the pandemic. The restrictions on movement and closure of factories have impacted the production and distribution of gum and wood chemicals. The market is expected to bounce back as operations normalize.
In the Philippines Gum and Wood Chemicals Market, leading companies are Kraton Corporation, Eastman Chemical Company, and FMC Corporation.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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