In the carpentry industry, the Sweet Gum is often referred to as satin walnut and is used for furniture, interior trim, railroad ties, cigar boxes, crates, flooring, barrels, woodenware, and wood pulp.

The tree's resin—for which the tree was named—exudes from the bark of the tree when it's been wounded. It can be clear, reddish, or yellow, with a pleasant smell like ambergris. As the resin ages, it solidifies into the form which it was historically exported in barrels.