Green Construction Is Fastest Growing Segment Fueling The Growth Of Mastic Gum Market
Mastic Gum Market Mastic gum is a resin obtained from the mastic tree. It can be used in food products, personal care products, and green construction materials for its adhesive and plastic properties. Mastic gum forms a strong waterproof layer that also protects against insects and microbes. The global Mastic Gum Market is estimated to be valued at US$ 345.3 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major trends in the mastic gum market is its increasing use in green construction materials. Mastic gum can serve as an eco-friendly substitute to petroleum-based additives in sealants, adhesives and coatings used for construction purposes. It enhances the strength and durability of materials while reducing VOC emissions. This has boosted the demand for mastic gum especially in developed regions that are focusing more on sustainable in...