Market Outlook for Colophony Market: Colophony is obtained from the resin secreted by the pine tree. It is also known by other names such as gum rosin and Green Pitch. Colophony is a resin which consists of about 70% resin and 30% oil. Colophony is collected from the naturally growing pine trees and by nature, it has volatile and chemically reactive properties when dissolved in organic solvents. Colophony has a panoply of applications for industrial purposes such as in paints, inks, rubber industry, explosives, soaps, adhesives, and as a glazing or coating agent in pharmaceuticals and chewing gums. Its major function is to provide adhesive and binding properties in the products in which it is used. Hence, the adhesive end-use industry occupies a dominant share in the colophony market. Production of colophony is dispersed around the globe which includes regions like Russia, China Brazil, etc. For the collection and processing of colophony, plantation of hybrid pine tr
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