The global demand for Pine Chemicals Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2021 and foreseen to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Pine chemicals are naturally occurring products derived from a pine tree (genus Pinus). Pine trees are found across the globe, mainly in the Asiatic region, Canada, South America, and Scandinavia. Pine chemicals are renewable products, and find application in surfactants, printing ink, paints & coats, adhesives & sealants, lubricants, and disinfectants. Pine chemicals are derived from living trees, dead pine logs or stumps, and as a by-product of sulfate or Kraft pulps. They are obtained by distillation of oleoresin or carbonization of wood. Pine chemicals include stumps (wood resin), tall crude oil (tall oil fatty acids, tall oil rosin, sterols, pitch), and oleoresin (gum rosin, gum turpentine).
Market Dynamics
Pine chemicals are witnessing huge demand owing to their enormous applications in various sectors. Growing demand in fragrance and flavors industry and emerging applications in the printing ink, lubricants, mining, floatation chemicals, and disinfectants is further driving the market. Moreover, increasing usage in bioliquids as a renewable energy source is fuelling the demand. Besides, key players are focusing on R & D to develop innovative and cost-effective products. The global pandemic COVID-19 is likely to restrain the market as the supply chain is hampered due to lockdown conditions in many countries.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of pine chemicals.
Market Segmentation
The entire Pine Chemicals market has been sub-categorized into Chemical type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Chemical Type
- Tall Oil Rosin (TOR)
- Tall Oil Fatty acid (TOFA)
- Gum Rosin
- Gum Turpentine
- Sterols
- Others (include, pitch, wood rosin, etc.)
By Application
- Adhesives & Sealants
- Chewing Gums
- Coatings
- Dimer Acids
- Mining and Floatation Chemicals
- Fuel
- Lubricants & Lubricity Additives
- Metal Working Fluid
- Oil Drilling
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for pine chemicals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Pine Chemicals Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the pine chemicals market include Arakawa Chemical (USA) Inc., Arboris LLC, Eastman Chemical Company, Harima Chemicals Group, Inc., International Flavors & Fragrances Inc., Kraton Chemical LLC, Mercer International Inc., Plasmine Technology Inc., Neste OYJ, Les Derives Resiniques Et Terpeniques SA. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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