Dammar Gum Market – Trends, Survey and Growth Analysis, 2018 - 2025


Posted January 21, 2019 by laxmid

Dammar Gum Market, by End-use – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

 
Dammar gum or damar gum is a dried exudate obtained from trees of species including Shorea, Hopea, and Agathis especially in India and East Asia. Dammar gum is obtained by tapping trees of Dipterocarpaceae family or fossilized form is collected from ground. It comprises mixture of neutral and acidic compounds together with polysaccharide materiel.It contains triterpenoid resins and its oxidation products such as dammarane, oleanane, dammarenolic acid, oleanonic acid. Dammar gum is often used as additive in food, incense, varnish, ink, polish, and paint to provide glazing, stability, and others. Such extensive applications are projected to expand global dammar gum market size in the near future.

Download PDF Brochure OF Reserach Report @: https://www.coherentmarketinsights.com/insight/request-pdf/1880

Market Dynamics

Dammar gum is used in paint, ink, varnish, polish, and finishing compositions. It provides superior gloss and color retention, adhesion, flexibility and resistance to fumes, grease and scuffing. It is used in white enamel and pastels, owing to its properties such as fume resistance and good binding value. Furthermore, it is used in polypropylene, polyethylene, and other plastic composite to improve adhesion and liquidity. It is also used for hurdling soft waxes for utilization in the manufacturing of shoe polishes, typewriter ribbon, carbon paper, plastering of walls and roofs, as material for cementing of plywood asbestos sheets and as a sealant for caulking boat. Wide array of applications of dammar gum is driving global dammar gum market growth. Dammar gum is used as glazing or clouding agent in food and beverage industry. It is also used in Beeswax Food Wraps along with beeswax and jojoba oil. According to European Union, food and beverage industry was valued at US$ 1277.24 billion in 2014, which increased to US$ 1280.74 billion in 2015, this in turn is fuelling growth of the global dammar gum market.

Market Outlook

According to global dammar gum market analysis, Asia Pacific held significant market share in the global market and is expected to grow rapidly over the forecast period. Major dammar gum producing economies include India, Vietnam, Indonesia, Thailand, Laos, and Cambodia. Agroforests of dammar trees are developed in Sumatra, Indonesia, to cater the growing demand for dammar resins or gum.

For more information @: https://www.coherentmarketinsights.com/ongoing-insight/dammar-gum-market-1880

According to Indian Institute of Natural Resins and Gums, annual production of gum dammer batu in India was 80-100 tons in 2014 - 2015 and is used widely used as painting and incense material. Furthermore, India imports dammar from Indonesia, Thailand, Vietnam, and Lao. According to Indian Institute of Natural Resins and Gums, during 2014 and 2015, more than 95% of dammar resin in India was supplied from Indonesia and Thailand. 54.54% or 9916.49 tons of the total imports of dammar resin was imported from Indonesia and 43.91% or 3593.35 tons was imported from Thailand. India imported 13,663.31 tons of dammar resin in between 2014 and 2015 out of which less than 1% was exported to Jordan, Vietnam, Germany, Maldives and Sri Lanka between 2014 and 2015, according to the data provided by Indian Institute of Natural Resins and Gums. According to Coherent Market Insights study, around 60% of dammar gum is used by incense industry in India in 2016. Furthermore, India is one of the largest manufacturer and exporter of incense sticks thereby fuelling growth of the market.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By laxmi
Phone 12067016702
Business Address Coherent Market Insights
1001 4th Ave,
Country United States
Categories Business , News , Publishing
Tags dammar gum market , dammar gum market outlook , dammar gum market size
Last Updated January 21, 2019