Rosin amine is derived using ammonia and rosin. It is soluble in solvents while insoluble in cold water, and partly soluble in hot water. Thereby, it found application in a large number of industrial applications. As a result, the demand for rosin amine depends upon the performance of industries. As per the data obtained from secondary research, the global industrial production was showcasing considerable growth till 2019, however, with the emergence of COVID-19, industrial production was affected severely, which in turn, affected the production and consumption of rosin amine. It is used as an additive for electronic solder pastes; detergents for water treatment; disinfection agent for industrial cleaning; a dispersing agent of optics; used as floatation; intermediate for inks and medicine; ingredient of lubricants; as an abietylamine acetate for killing algae, bacteria; mildew; mollusk, and others pest; preservative of petroleum pipeline; and used in pigment. However, as the global economy witnessed a V-shaped recovery in 2021 showcasing improving industrial production, as a result, demand for rosin amine is increasing.
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According to UnivDatos Market Insights (UMI)’ research report “Global Rosin Amine Market”, the market is expected to showcase robust growth during the forecast period. Large and growing end-use industries and increasing investment in the electronics industry are some of the key attributable factors for the growth of the market
Based on type, the market is categorized into gum rosin amine, disproportionated rosin amine, polymerized rosin amine, hydrogenated rosin amine, and others. Among these, gum rosin amine is widely used owing to a large amount of production of gum rosin due to the less intricate procedure of production compared to its counterparts. Further, due to large production, the availability of gum rosin is high at a lower cost, thereby consumers preferred it over others in order to maintain operational efficiency. Products like disproportioned rosin amine, polymerized rosin amine, and hydrogenated rosin amine are derived from gum rosin. Since, in these products, extra steps would be required resulting in an increase in cost and production intricacy.
Based on application, the market is categorized into soldering, water treatment, anti-corrosive inhibitor, industrial cleaning, lubricating agent, floatation agent, medicine, optical separation agent, dyestuff, and others. Among these, soldering and water treatment applications are likely to showcase considerable growth owing to increasing investment in the electronics industry to increase the global production of semiconductors. For instance, in March 2022, Intel Corporation announced the first phase of its plan to invest USD 87.7 billion (EUR 80 billion) in the European Union over the next decade along the entire value chain of semiconductors- from R&D to manufacturing to packaging technologies. Similarly, in January 2022, Taiwan Semiconductor Manufacturing Co. (TSMC) announced that the company will spend up to $44 billion in 2022 to expand capacity as the world’s biggest contract chipmaker aims to help alleviate the global chip shortage and meet surging demand.
Further, the water treatment industry is showcasing robust growth as the treatment of water and wastewater is necessary for mankind to meet the demand for water resources, not only for municipal and agricultural purposes but also for critical industrial processes.
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The Asia Pacific accounted for the significant share in the rosin amine market
The Asia Pacific region accounted for a significant share in the global rosin amine market and is likely to showcase robust growth during the forecast period. Regional countries like China are among the largest producer of gum rosin which is a key raw material in the production of rosin amine. Therefore, the easy availability of raw materials at a lower cost helped the players to produce the rosin amine on a large volume in order to cater to both regional and international markets. Further, since the regional economies are leading the global industrial production in large number products, therefore much of the rosin amine demand is from the regional countries like China, India, Japan, and South Korea, among others. Regional economies are the leader in industries like electronics, water treatment, metallurgy, construction, and petrochemicals and are expected to dominate owing to improving consumer spending power, rising urbanization, growing population, and rising number of foreign companies.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Rosin Amine market include Foreverest Resources Ltd., Guilin Songquan Forest Chemicals Co. Ltd., Megawide Chemicals Co. Ltd., Ningxia Sunnyfield Chemicals Co. Ltd., Tokyo Chemical Industry Co. Ltd., Zhaoqing Ithunn Chemical Co. Ltd., and BOC Sciences. These companies are taking several strategic decisions to meet the growing demand and increase their market share. For instance:
“Global Rosin Amine Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
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- By Type (Gum Rosin Amine, Disproportionated Rosin Amine, Polymerized Rosin Amine, Hydrogenated Rosin Amine, and Others)
- By Application (Soldering, Water Treatment, Anti-Corrosive Inhibitor, Industrial Cleaning, Lubricating Agent, Floatation Agent, Medicine, Optical Separation Agent, Dyestuff, and Others)
- By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
- By Company (Foreverest Resources Ltd., Guilin Songquan Forest Chemicals Co. Ltd., Megawide Chemicals Co. Ltd., Ningxia Sunnyfield Chemicals Co. Ltd., Tokyo Chemical Industry Co. Ltd., Zhaoqing Ithunn Chemical Co. Ltd., and BOC Sciences)
Key questions answered in the study:
- What are the current and future trends of the global rosin amine industry?
- How the industry has been evolving in terms of type and application?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global rosin amine industry?
- What are the customer orientation, purchase behavior, and expectations from the global rosin amine suppliers across various region and countries?