DAMMAR GUM MARKET ANALYSIS

Dammar Gum MarketSize and Trends

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.

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.