A large base of end-use industries is increasing the demand for rosin amine

The global rosin amine market is likely to showcase robust growth during the forecast period. Rosin amine found application in a large number of industries like construction, electronics, medicine, petrochemicals, and metallurgy, to name a few. Since these industries are showcasing robust growth as a result, demand for rosin amine is also increasing.

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Rosin amine is a product of ammonia derivative of amine, pale in color. It is soluble in common organic solvents, including alcohols, ethers, hydrocarbons, and chlorinated solvents. However, essentially insoluble in water. Due to its application in a large number of industries, the demand for rosin amine is rising. It is used in industries like electronics, construction, petrochemicals, medical, water treatment, and metal protection to name a few. Since the global industrial production is increasing coupled with improving healthcare infrastructure, owing to the rising population, increasing urbanization, and improving per capita income. This in turn increases the demand for raw materials used in these industries including rosin amine. Further, in the light of COVID-19 many industries like electronics and medical face the necessity to increase their capacity. As a result, governments and players operating in these markets started investing heavily. This is likely to increase industrial production. Thus, increasing the demand for rosin amine.

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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. 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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For a better understanding of the market adoption of rosin amine, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to the large and growing base of the end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Further, increasing strict legislation to provide clean water is driving the demand for rosin amine.

Global Rosin Amine Market Segmentation

Market Insight, by Type

• Gum Rosin Amine
• Disproportionated Rosin Amine
• Polymerized Rosin Amine
• Hydrogenated Rosin Amine
• Others

Market Insight, by Application

• Soldering
• Water Treatment
• Anti-Corrosive Inhibitor
• Industrial Cleaning
• Lubricating Agent
• Floatation Agent
• Medicine
• Optical Separation Agent
• Dyestuff
• Others

Market Insight, by Region

• North America Rosin Amine Market
  • United States
  • Canada
  • Rest of North America
• Europe Rosin Amine Market
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific Rosin Amine Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Rosin Amine Market

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