Natural Resin Market Synopsis

Natural Resin Market Size Was Valued at USD 5.80 billion in 2023 and is Projected to Reach USD 13.47 billion by 2032, Growing at a CAGR of 9.81% From 2024-2032.

Natural resin refers to the resin obtained from plants, animals, and natural minerals. Natural resin is the secretion of many plants, particularly coniferous trees. Plant-based resins such as tree sap and gum resins are widely used, with common sources being species such as pine, spruce, and oak. Animal resins are also used, such as shellac from the lac insect. Secondary metabolites are biological compounds produced by bacteria, fungi, and plants. These molecules do not control growth, development, and reproduction directly. They are usually called specific molecules. These molecules mainly exist as toxins, secondary products, or natural products. Resin is a type of secondary metabolite. In this article, we have covered all the important points like Resin's definition, the structure of Resin, and its arrangement.

• Natural resin is a highly sought-after product used in a variety of industries, including cosmetics, food and beverages, and paints and coatings. The market has grown steadily in recent years due to the increased demand for natural and environmentally friendly products. The trend towards sustainable living and increased consumer awareness of the harmful effects of synthetic products have contributed to the growth of the natural resin market. Manufacturers are now exploring more efficient and cost-effective ways to produce natural resin to meet the growing demand.
• Natural resins are used as binders, additives, and coatings to improve performance, durability, and environmental friendliness. Additionally, natural resins are often biodegradable and compostable, meaning they can break down naturally over time without leaving behind harmful residues. This feature is in line with the principles of the circular economy and attracts consumers who prefer products with a low environmental impact.

 Natural Resin Market Trend Analysis

 Growing Demand for Sustainable Products

• The natural resin market is experiencing a surge in demand, primarily driven by the growing global emphasis on sustainable products. Consumers, increasingly eco-conscious, are seeking alternatives to traditional synthetic resins, pushing manufacturers to explore natural alternatives. Natural resins, derived from plant sources such as pine trees, offer a renewable and biodegradable option, aligning with the principles of sustainability.
• The demand for sustainable products spans various industries, including packaging, adhesives, coatings, and more. Natural resins present an eco-friendly solution that reduces the environmental impact associated with traditional petroleum-based resins. Additionally, natural resins often exhibit unique properties, such as enhanced biodegradability and lower carbon footprints, further contributing to their appeal.
• Regulatory initiatives promoting environmental conservation and stringent standards for eco-friendly products further boost the adoption of natural resins. As businesses increasingly prioritize sustainability in their operations, the natural resin market is poised for significant growth.

Growing interest in bio-based materials create an Opportunity for Natural Resin Market

• The growing interest in bio-based materials presents a significant opportunity for Natural Resin marketing. As society becomes increasingly conscious of environmental sustainability, there is a rising demand for products derived from renewable resources. Natural Resins, obtained from plants and trees, are gaining traction as a viable alternative to traditional petroleum-based materials.
• Consumers are now more inclined to choose products that align with eco-friendly values, and Natural Resins offer a compelling solution. These materials boast a range of advantages, including biodegradability, reduced carbon footprint, and the potential to replace non-renewable resources in various applications such as packaging, construction, and textiles.
• Businesses that position Natural Resins as a central component of their product offerings can tap into this burgeoning market. Marketing strategies emphasizing the eco-friendly and sustainable nature of these materials can resonate with environmentally conscious consumers. Highlighting the unique properties and versatility of Natural Resins in different industries can attract attention from both businesses and individuals looking for greener alternatives.

Natural Resin Market Segment Analysis:

Natural Resin Market Segmented on the basis of type, application.

By Type, Rosin Resin segment is expected to dominate the market during the forecast period

• In the realm of natural resin marketing, the Rosin Resin segment stands poised to assert dominance. Characterized by its unique properties and diverse applications, Rosin Resin is anticipated to spearhead the market, showcasing a combination of versatility and functionality that appeals to various industries.
• Renowned for its natural origin, derived primarily from pine trees, Rosin Resin embodies eco-friendly attributes, aligning with the growing global emphasis on sustainable and environmentally conscious practices. This factor contributes significantly to its market prominence as businesses and consumers increasingly prioritize green and renewable resources.
• Moreover, the Rosin Resin segment exhibits exceptional adaptability, finding applications across a spectrum of industries such as adhesives, coatings, inks, and even pharmaceuticals. Its wide-ranging utility enhances its market appeal, positioning it as a preferred choice for manufacturers seeking a reliable and multifaceted natural resin solution.

By Application, packaging segment held the largest share of 46% in 2022

• The packaging segment stands out prominently as a dominant force. The application of natural resins in packaging has witnessed a substantial surge, fueled by a growing awareness and preference for sustainable and eco-friendly packaging solutions. Natural resins, derived from plant-based sources such as pine trees, contribute to the development of bio-based and renewable packaging materials.
• One of the key factors driving the dominance of natural resins in the packaging sector is the increasing demand for environmentally friendly alternatives to conventional plastics. As consumers and industries alike seek to reduce their ecological footprint, natural resins offer a compelling solution by providing biodegradable and compostable options for packaging materials. This aligns with the global push towards sustainable practices and the circular economy
• Moreover, the inherent properties of natural resins, such as their ability to form robust and protective coatings, make them well-suited for packaging applications. These resins not only enhance the durability of packaging materials but also contribute to the preservation of the packaged contents.

Natural Resin Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• Europe is anticipated to emerge as a dominant force in the natural resin market, showcasing robust growth and a commanding market share. The region's prominence in this sector can be attributed to various factors, including a growing awareness and preference for eco-friendly and sustainable products. As environmental consciousness continues to rise, consumers in Europe are increasingly seeking alternatives to conventional synthetic resins, thereby fueling the demand for natural resins derived from plant sources.
• Moreover, the stringent regulations and initiatives promoting the use of bio-based materials in Europe have contributed significantly to the expansion of the natural resin market. Government policies and incentives aimed at reducing the environmental impact of industries further stimulate the adoption of natural resins in various applications.

Natural Resin Market Top Key Players:

• MeadWestVaco Corporation (MWV) (USA)
• Huntsman Corporation (USA)
• Foreverest Inc.(USA)
• Hercules Inc. (USA) 
• SCA Forest Products Corporation (USA) 
• Södra Cell AB (Sweden)
• Arkema SA (France)
• DSM Nutritional Products (Netherlands)
• Qingdao Haiwang Resin Co., Ltd. (China)
• Zhangzhou Tianma Resin Co., Ltd. (China)
• ChemChina (China)
• Qingdao Huatai Chemicals Co., Ltd. (China)
• Zhangzhou Guohua Rosin Chemicals Co., Ltd. (China)
• Jilin Rosin Products Co., Ltd. (China)
• A.C.E. Chemicals Ltd. (India)
• Kusum Products Exports Pvt. Ltd. (India)
• Bishan Lal Agarwalla & Sons Pvt. Ltd. (India)
• Borregaard AMSA (Norway)
• PT Gumaric Indonesia (Indonesia)

Key Industry Developments in the Natural Resin Market:

• In January 2023, Avantium N.V., and Henkel, a global manufacturer of sealant, adhesives, and functional coatings have signed an agreement for five years. Under this agreement, Avantium would supply furandicarboxylic acid produced in Avantium’s FDCA Flagship Plant to Henkel.
• In January 2023, Braskem, one of the major polyolefins producers in the global market, and pioneer producer of biopolymers on a commercial scale, announced a project to assess a venture in manufacturing carbon-negative bio-based polypropylene (PP) in the U.S.
• In May 2022, Hexcel developed a new product range that combines resin systems made with bio-derived content with natural fiber reinforcements to create material solutions for automotive, winter sports, marine and wind energy applications.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. NATURAL RESIN MARKET BY TYPE (2017-2032)
   1. NATURAL RESIN MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3.  ROSIN RESIN
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SHELLAC RESIN
7. NATURAL RESIN MARKET BY APPLICATION (2017-2032)
   1. NATURAL RESIN MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3.  PAINTS AND COATINGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. PACKAGING
   5. ADHESIVES AND SEALANTS
   6. MEDICINE
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. NATURAL RESIN Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. MEADWESTVACO CORPORATION (MWV) (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. HUNTSMAN CORPORATION (USA)
   4. FOREVEREST INC. (USA)
   5. HERCULES INC. (USA) 
   6. SCA FOREST PRODUCTS CORPORATION (USA) 
   7. SÖDRA CELL AB (SWEDEN)
   8. ARKEMA SA (FRANCE)
   9. DSM NUTRITIONAL PRODUCTS (NETHERLANDS)
   10. QINGDAO HAIWANG RESIN CO., LTD. (CHINA)
   11. ZHANGZHOU TIANMA RESIN CO., LTD. (CHINA)
   12. CHEMCHINA (CHINA)
   13. QINGDAO HUATAI CHEMICALS CO., LTD. (CHINA)
   14. ZHANGZHOU GUOHUA ROSIN CHEMICALS CO., LTD. (CHINA)
   15. JILIN ROSIN PRODUCTS CO., LTD. (CHINA)
   16. A.C.E. CHEMICALS LTD. (INDIA)
   17. COMPANYC KUSUM PRODUCTS EXPORTS PVT. LTD. (INDIA)
   18. BISHAN LAL AGARWALLA & SONS PVT. LTD. (INDIA)
   19. BORREGAARD AMSA (NORWAY)
   20. PT GUMARIC INDONESIA (INDONESIA)
9. GLOBAL NATURAL RESIN MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. NATURAL RESIN MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. NATURAL RESIN MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. NATURAL RESIN MARKET COMPETITIVE RIVALRY
TABLE 005. NATURAL RESIN MARKET THREAT OF NEW ENTRANTS
TABLE 006. NATURAL RESIN MARKET THREAT OF SUBSTITUTES
TABLE 007. NATURAL RESIN MARKET BY BY TYPE
TABLE 008. ROSIN RESIN MARKET OVERVIEW (2016-2030)
TABLE 009. SHELLAC RESIN MARKET OVERVIEW (2016-2030)
TABLE 010. OTHERS MARKET OVERVIEW (2016-2030)
TABLE 011. NATURAL RESIN MARKET BY APPLICATION
TABLE 012. PAINTS AND COATINGS MARKET OVERVIEW (2016-2030)
TABLE 013. PACKAGING MARKET OVERVIEW (2016-2030)
TABLE 014. ADHESIVES MARKET OVERVIEW (2016-2030)
TABLE 015. AND SEALANTS MARKET OVERVIEW (2016-2030)
TABLE 016. MEDICINE MARKET OVERVIEW (2016-2030)
TABLE 017. OTHER MARKET OVERVIEW (2016-2030)
TABLE 018. NORTH AMERICA NATURAL RESIN MARKET, BY BY TYPE (2016-2030)
TABLE 019. NORTH AMERICA NATURAL RESIN MARKET, BY APPLICATION (2016-2030)
TABLE 020. N NATURAL RESIN MARKET, BY COUNTRY (2016-2030)
TABLE 021. EASTERN EUROPE NATURAL RESIN MARKET, BY BY TYPE (2016-2030)
TABLE 022. EASTERN EUROPE NATURAL RESIN MARKET, BY APPLICATION (2016-2030)
TABLE 023. NATURAL RESIN MARKET, BY COUNTRY (2016-2030)
TABLE 024. WESTERN EUROPE NATURAL RESIN MARKET, BY BY TYPE (2016-2030)
TABLE 025. WESTERN EUROPE NATURAL RESIN MARKET, BY APPLICATION (2016-2030)
TABLE 026. NATURAL RESIN MARKET, BY COUNTRY (2016-2030)
TABLE 027. ASIA PACIFIC NATURAL RESIN MARKET, BY BY TYPE (2016-2030)
TABLE 028. ASIA PACIFIC NATURAL RESIN MARKET, BY APPLICATION (2016-2030)
TABLE 029. NATURAL RESIN MARKET, BY COUNTRY (2016-2030)
TABLE 030. MIDDLE EAST & AFRICA NATURAL RESIN MARKET, BY BY TYPE (2016-2030)
TABLE 031. MIDDLE EAST & AFRICA NATURAL RESIN MARKET, BY APPLICATION (2016-2030)
TABLE 032. NATURAL RESIN MARKET, BY COUNTRY (2016-2030)
TABLE 033. SOUTH AMERICA NATURAL RESIN MARKET, BY BY TYPE (2016-2030)
TABLE 034. SOUTH AMERICA NATURAL RESIN MARKET, BY APPLICATION (2016-2030)
TABLE 035. NATURAL RESIN MARKET, BY COUNTRY (2016-2030)
TABLE 036. HINDUSTAN RESINS (INDIA): SNAPSHOT
TABLE 037. HINDUSTAN RESINS (INDIA): BUSINESS PERFORMANCE
TABLE 038. HINDUSTAN RESINS (INDIA): PRODUCT PORTFOLIO
TABLE 039. HINDUSTAN RESINS (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. INTERNATIONAL SPECIALITY CHEMICALS (US): SNAPSHOT
TABLE 040. INTERNATIONAL SPECIALITY CHEMICALS (US): BUSINESS PERFORMANCE
TABLE 041. INTERNATIONAL SPECIALITY CHEMICALS (US): PRODUCT PORTFOLIO
TABLE 042. INTERNATIONAL SPECIALITY CHEMICALS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. RESIN CHEMICALS (CHINA): SNAPSHOT
TABLE 043. RESIN CHEMICALS (CHINA): BUSINESS PERFORMANCE
TABLE 044. RESIN CHEMICALS (CHINA): PRODUCT PORTFOLIO
TABLE 045. RESIN CHEMICALS (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. PROMAX INDUSTRIES (DENMARK): SNAPSHOT
TABLE 046. PROMAX INDUSTRIES (DENMARK): BUSINESS PERFORMANCE
TABLE 047. PROMAX INDUSTRIES (DENMARK): PRODUCT PORTFOLIO
TABLE 048. PROMAX INDUSTRIES (DENMARK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. FOREVEREST RESOURCES (CHINA): SNAPSHOT
TABLE 049. FOREVEREST RESOURCES (CHINA): BUSINESS PERFORMANCE
TABLE 050. FOREVEREST RESOURCES (CHINA): PRODUCT PORTFOLIO
TABLE 051. FOREVEREST RESOURCES (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. EASTMAN CHEMICAL (US): SNAPSHOT
TABLE 052. EASTMAN CHEMICAL (US): BUSINESS PERFORMANCE
TABLE 053. EASTMAN CHEMICAL (US): PRODUCT PORTFOLIO
TABLE 054. EASTMAN CHEMICAL (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. FORESTAR CHEMICAL (US): SNAPSHOT
TABLE 055. FORESTAR CHEMICAL (US): BUSINESS PERFORMANCE
TABLE 056. FORESTAR CHEMICAL (US): PRODUCT PORTFOLIO
TABLE 057. FORESTAR CHEMICAL (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. JINGGU FORESTRY CHEMICAL (CHINA): SNAPSHOT
TABLE 058. JINGGU FORESTRY CHEMICAL (CHINA): BUSINESS PERFORMANCE
TABLE 059. JINGGU FORESTRY CHEMICAL (CHINA): PRODUCT PORTFOLIO
TABLE 060. JINGGU FORESTRY CHEMICAL (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. DEQING JIYUAN SYNTHETIC RESIN (CHINA): SNAPSHOT
TABLE 061. DEQING JIYUAN SYNTHETIC RESIN (CHINA): BUSINESS PERFORMANCE
TABLE 062. DEQING JIYUAN SYNTHETIC RESIN (CHINA): PRODUCT PORTFOLIO
TABLE 063. DEQING JIYUAN SYNTHETIC RESIN (CHINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 064. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 065. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 066. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. NATURAL RESIN MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. NATURAL RESIN MARKET OVERVIEW BY BY TYPE
FIGURE 012. ROSIN RESIN MARKET OVERVIEW (2016-2030)
FIGURE 013. SHELLAC RESIN MARKET OVERVIEW (2016-2030)
FIGURE 014. OTHERS MARKET OVERVIEW (2016-2030)
FIGURE 015. NATURAL RESIN MARKET OVERVIEW BY APPLICATION
FIGURE 016. PAINTS AND COATINGS MARKET OVERVIEW (2016-2030)
FIGURE 017. PACKAGING MARKET OVERVIEW (2016-2030)
FIGURE 018. ADHESIVES MARKET OVERVIEW (2016-2030)
FIGURE 019. AND SEALANTS MARKET OVERVIEW (2016-2030)
FIGURE 020. MEDICINE MARKET OVERVIEW (2016-2030)
FIGURE 021. OTHER MARKET OVERVIEW (2016-2030)
FIGURE 022. NORTH AMERICA NATURAL RESIN MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 023. EASTERN EUROPE NATURAL RESIN MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 024. WESTERN EUROPE NATURAL RESIN MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 025. ASIA PACIFIC NATURAL RESIN MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 026. MIDDLE EAST & AFRICA NATURAL RESIN MARKET OVERVIEW BY COUNTRY (2016-2030)
FIGURE 027. SOUTH AMERICA NATURAL RESIN MARKET OVERVIEW BY COUNTRY (2016-2030)