Product Code: ETC107088 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Rosin Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 11.27% in 2028, following an initial rate of 6.95%, before easing to 10.53% at the end of the period.
By 2027, the Rosin market in Philippines is anticipated to reach a growth rate of 10.39%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The rosin market in Philippines is estimated to be around US$11 million. The major producers are located in the northern parts of the country such as Cagayan Valley and Ilocos Region. The production is mainly used for industrial purposes such as manufacturing adhesives, paint, soap, printing ink, rubber processing aids and paper sizing chemicals. The demand for rosin has been increasing steadily over the past few years due to its various applications in industries like construction materials, paints & coatings and food packaging among others.
The Philippines rosin market, related to the production of resin obtained from pine trees, is influenced by several key drivers. One major driver is the demand for rosin in various industries such as adhesives, coatings, and rubber production. Rosin is valued for its adhesive and binding properties, making it a crucial ingredient in numerous industrial applications. As construction, manufacturing, and other sectors experience growth, the demand for adhesive solutions like rosin is expected to increase. Additionally, the eco-friendly nature of rosin and its compatibility with sustainable product formulations contribute to its market growth, as industries seek environmentally responsible materials.
The Philippines rosin market, involving the extraction of rosin from pine resin, could face challenges associated with sustainable resource management and market diversification. Balancing the extraction of rosin with the preservation of pine trees and forests is critical for long-term sustainability. The market`s dependency on industries like adhesives, inks, and coatings might expose it to fluctuations in demand due to economic conditions and technological advancements.
The Philippines rosin market encountered challenges brought about by the COVID-19 pandemic. Rosin is used in various industries, including adhesives, inks, and rubber. The disruptions in manufacturing activities, reduced industrial operations, and shifts in consumer behavior influenced the demand for rosin-containing products. Industries that rely on rosin-based materials faced challenges in maintaining consistent production. However, as economic activities gradually recover and industries adjust to new supply chain dynamics, the rosin market is anticipated to rebound. The market`s revival will be driven by the resumption of manufacturing sectors and the need for adhesive and rubber products.
The Philippines rosin market, involving natural resin used in various industries, might feature significant players like Philippine Resins Industries. This company specializes in resin products, including rosin for applications like adhesives and coatings. Another key participant could be Resin Chemicals Philippines, contributing to the market by supplying a variety of resin-based products, shaping the availability of rosin for different industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Rosin Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Rosin Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Rosin Market - Industry Life Cycle |
3.4 Philippines Rosin Market - Porter's Five Forces |
3.5 Philippines Rosin Market Revenues & Volume Share, By Rosin Type, 2021 & 2031F |
3.6 Philippines Rosin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Rosin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Rosin Market Trends |
6 Philippines Rosin Market, By Types |
6.1 Philippines Rosin Market, By Rosin Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Rosin Market Revenues & Volume, By Rosin Type, 2021-2031F |
6.1.3 Philippines Rosin Market Revenues & Volume, By Gum, 2021-2031F |
6.1.4 Philippines Rosin Market Revenues & Volume, By Wood, 2021-2031F |
6.1.5 Philippines Rosin Market Revenues & Volume, By Tall Oil, 2021-2031F |
6.2 Philippines Rosin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Rosin Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.3 Philippines Rosin Market Revenues & Volume, By Paints and Varnishes, 2021-2031F |
6.2.4 Philippines Rosin Market Revenues & Volume, By Rubbers, 2021-2031F |
6.2.5 Philippines Rosin Market Revenues & Volume, By Paper Sizing and Fillers, 2021-2031F |
6.2.6 Philippines Rosin Market Revenues & Volume, By Printing Inks, 2021-2031F |
6.2.7 Philippines Rosin Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Philippines Rosin Market Import-Export Trade Statistics |
7.1 Philippines Rosin Market Export to Major Countries |
7.2 Philippines Rosin Market Imports from Major Countries |
8 Philippines Rosin Market Key Performance Indicators |
9 Philippines Rosin Market - Opportunity Assessment |
9.1 Philippines Rosin Market Opportunity Assessment, By Rosin Type, 2021 & 2031F |
9.2 Philippines Rosin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Rosin Market - Competitive Landscape |
10.1 Philippines Rosin Market Revenue Share, By Companies, 2024 |
10.2 Philippines Rosin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |