Product Code: ETC107089 | 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 Vietnam Rosin Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 6.88% in 2025, climbs to a high of 23.57% in 2028, and moderates to 15.90% by 2029.
The Rosin market in Vietnam is projected to grow at a exponential growth rate of 21.44% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Rosin, a natural resin obtained from pine trees, has a well-established market in Vietnam. The country`s rich forestry resources contribute to the production of high-quality rosin, which finds applications in various industries. The Vietnam rosin market is characterized by a combination of traditional tapping methods and modern extraction techniques. The versatile nature of rosin makes it a sought-after raw material in sectors such as adhesives, inks, and the chemical industry, driving consistent demand in both domestic and international markets.
The Vietnam Rosin market is primarily driven by the expanding rubber and adhesive industries. Rosin is a key ingredient in the production of adhesives and is used in the formulation of rubber compounds. The growth in the automotive, construction, and electronics sectors in Vietnam has led to an increased demand for adhesives and rubber products, consequently propelling the rosin market. Additionally, the paper and ink industries, which also rely on rosin-based products, have contributed to its market growth.
The Vietnam Rosin Market is challenged by the declining availability of raw materials and price volatility. Rosin is derived from pine trees, and factors such as deforestation and changing forest management practices can affect the availability of pine resin. This leads to supply limitations and price fluctuations. Market players must navigate these challenges by exploring sustainable sourcing options and managing cost uncertainties. Furthermore, the market faces competition from synthetic resin alternatives, requiring companies to emphasize the advantages of natural rosin.
The Vietnam Rosin Market, dealing with the extraction and trade of rosin, faced challenges during the COVID-19 pandemic, with disruptions observed in the supply chain and logistical operations. The market`s ties to industries such as adhesives, paints, and coatings influenced its resilience during the economic downturn. As manufacturing activities resume and global demand for industrial products stabilizes, the Vietnam Rosin Market is anticipated to recover post-COVID-19. The market`s recovery will be driven by increased demand for rosin-based products in various industrial applications.
In the Vietnam Rosin Market, key players like PineChem Vietnam and ResinMasters Corp. are pivotal in meeting the demand for rosin derivatives in applications ranging from adhesives to inks. These companies are recognized for their advanced production facilities and commitment to environmental sustainability, positioning them as leaders in the market.
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 Vietnam Rosin Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Rosin Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Rosin Market - Industry Life Cycle |
3.4 Vietnam Rosin Market - Porter's Five Forces |
3.5 Vietnam Rosin Market Revenues & Volume Share, By Rosin Type, 2021 & 2031F |
3.6 Vietnam Rosin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Rosin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Rosin Market Trends |
6 Vietnam Rosin Market, By Types |
6.1 Vietnam Rosin Market, By Rosin Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Rosin Market Revenues & Volume, By Rosin Type, 2021-2031F |
6.1.3 Vietnam Rosin Market Revenues & Volume, By Gum, 2021-2031F |
6.1.4 Vietnam Rosin Market Revenues & Volume, By Wood, 2021-2031F |
6.1.5 Vietnam Rosin Market Revenues & Volume, By Tall Oil, 2021-2031F |
6.2 Vietnam Rosin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Rosin Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.3 Vietnam Rosin Market Revenues & Volume, By Paints and Varnishes, 2021-2031F |
6.2.4 Vietnam Rosin Market Revenues & Volume, By Rubbers, 2021-2031F |
6.2.5 Vietnam Rosin Market Revenues & Volume, By Paper Sizing and Fillers, 2021-2031F |
6.2.6 Vietnam Rosin Market Revenues & Volume, By Printing Inks, 2021-2031F |
6.2.7 Vietnam Rosin Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Vietnam Rosin Market Import-Export Trade Statistics |
7.1 Vietnam Rosin Market Export to Major Countries |
7.2 Vietnam Rosin Market Imports from Major Countries |
8 Vietnam Rosin Market Key Performance Indicators |
9 Vietnam Rosin Market - Opportunity Assessment |
9.1 Vietnam Rosin Market Opportunity Assessment, By Rosin Type, 2021 & 2031F |
9.2 Vietnam Rosin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Rosin Market - Competitive Landscape |
10.1 Vietnam Rosin Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Rosin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |