Overview
Ester Gum Market is forecast to
reach $XX billion by 2025, after growing at a CAGR of 3.9% during 2020-2025. Ester
gum market is primarily driven by the rising demand from the beverage industry
primarily in fruit and energy drinks. The increase in demand for ester gum from
inks, paints and coatings industry to provide additional hardness and shine to
the varnishes and lacquers is also likely to stimulate the market growth during
the forecast period.
Report Coverage
The report: “Ester Gum – Forecast (2020-2025)”, by IndustryARC, covers an in-depth
analysis of the following segments of the Ester Gum.
Key Takeaways
- The growing focus for health and wellness is driving the non-alcoholic beverage industry globally, which in turn, is expected to drive the ester gum market in the forecast period.
- Increasing focus towards bio-based products, increasing application areas for utilization of formulated ester gum as adhesives are factors expected to offer significant revenue opportunities for major players.
By Type - Segment Analysis
Glycol Esters of Wood Rosin
(GEWR) segment held a significant share of the ester gum market in 2019. Glycerol
ester of wood rosin, also known as glyceryl abietate or ester gum is one of the
major raw materials for making gum base for bubble gum and chewing gum. The
ester gum market is majorly driven by the growing demand for glycerol ester of
wood rosin in the beverages industry. Glycerol Esters of Wood Rosin is widely
used as texture stabilizers and emulsifier in beverages such as energy
drinks. The flavoring oils extracted from citrus fruits such as oranges and
lemons do not mix well with natural fruit juices or carbonated water. These
flavoring oils extracted would simply float on top of the beverage if directly
poured into the carbonated water even after mixing. The ester gum plays a major
role in order to blend the flavoring oils with carbonated water perfectly.
By Application - Segment Analysis
Chewing gum segment held a significant share of the ester gum market in 2019 Many products comply with
regulations set forth by the United States Food and Drug Administration (FDA)
primarily for use as a softener or plasticizer for elastomeric masticatory
agents used in chewing gum compositions. The primary factor responsible to
surge the demand for chewing gum is its health benefits including combating
anxiety and stress, and improving concentration.
Geography - Segment Analysis
Asia Pacific
dominated the ester gum market with a share of more than 37% during the
forecast period. APAC is one of the major markets for ester gum due to the huge
demand for chewing gum, cosmetics, and beverage industries. The domestic
personal care and cosmetics industry in China has also shown an upward growth
trend in 2018, with the expansion into markets. Companies are looking to invest
in the world’s largest consumer market for cosmetics to increase their production
capacity, which in turn drives the ester gum market in the region during the
forecast period.
Drivers – Ester Gum Market
- Rising demand from paints and inks industry
Rising demand of ester gum from
paints and inks industry is expected to fuel the growth of the ester gum market in
the coming years due to its characteristics such as used in toluene-acetone
blends and nitrocellulose lacquers. In addition, ester gum is majorly modified
with maleic anhydride for sealers and varnishes applications to provide
hardness, and increasing use of pentaerythritol ester gum in coatings for
lithography applications are among other factors expected to drive the growth of
the target market.
Challenges – Ester Gum Market
- Stringent rules and regulations
Stringent rules and regulations
associated with ester gum utilization is a major factor expected to restraint
growth of the target market to a certain extent. According to FDA, ester gum can
be directly added to food if it has an acid number of 3 to 9, a drop-softening
point of 88 to 96 deg. C; and a color of N or paler as determined in accordance
with Official Naval Stores Standards of the United States. It is used to adjust
the density of citrus oils used in the preparation of beverages whereby the
amount of the additive does not exceed 100 parts per million of the finished
beverage.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the ester gum market. In 2019, the market of ester
gum has been consolidated
by the top five players accounting for xx% of the ester gum market share. Major top 10
companies of ester gum market Shree Resins, Baolin Chemical Industry,
Jubilant, Arakawa Chemical Industries, The Cary Company, INDOPICRI, Eastman
Chemical Company, Symrise, Mangalam Organic Limited and POLIMEROS SINTETICOS among
others.
Collaboration
- In Aug 2018, Brenntag North America, Inc. announced a collaboration with Caragum International for the distribution of Ester Gum in the United States and Canada. Caragum International specializes in the formulation and manufacturing of stabilizer systems for the food industry for applications including flavored emulsions, beverages, and sauces.
1.1 Definitions and Scope
2. Ester Gum Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Ester Gum Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Ester Gum Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Ester Gum Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Ester Gum Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Ester Gum Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Ester Gum Market - By Product Type(Market Size -$Million / $Billion)
11.1 Ester Gum Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Ester Gum- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Ester Gum- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Ester Gum - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong Kong
11.8.5.9 Rest of APAC
11.9 Ester Gum - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Ester Gum Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Ester Gum Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Ester Gum Market - Key Company List by Country Premium
15. Ester Gum Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Arakawa Chemical Industries, Ltd
15.3 Baolin Chemical Industry Co Ltd
15.4 Deqing Yinlong Industrial Co, Ltd
15.5 Eastman Chemical Company
15.6 Foreverest Resource Ltd
15.7 Jubilant
15.8 Mangalam Organic Limited
15.9 Mpdyechem
15.10 Polimeros Sinteticos S A De C V
15.11 Pt. Indopicri
15.12 Shree Resin
15.13 Sinofi Ingredient
15.14 Symrise
15.15 The Cary Company
15.16 Company 15
15.17 Company 16 & More
16.1 Abbreviations
16.2 Sources
17. Ester Gum Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends