Ester Gum Market - Forecast(2023 - 2028)

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.