According to the latest report by IMARC Group, titled “Pine Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global pine chemicals market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global pine chemicals market reached a value of US$ 5.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.6 Billion by 2027 exhibiting a CAGR of 4.10% during 2022-2027.
Pine chemicals are acquired from the materials derived from pine trees using the distillation of oleoresin or carbonization of wood. They help reduce greenhouse gas emissions, enhance product performance, and increase the reuse of materials. As a result, pine chemicals are extensively adopted in printing inks, paints, and coating, adhesives and sealants, surfactants, biofuels, paper sizing, rubber, food additives, cosmetics, soaps, and detergents across the globe.
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Pine Chemicals Market Trends and Drivers:
The market is primarily driven by the escalating demand for pine chemicals in the mining industry to expand the productivity and efficiency of mining processes, including extraction and recovery of minerals from ores. In addition, the rising product adoption in the flavors and fragrances industry is contributing to market growth.
Moreover, the increasing utilization of pine chemicals in gum rosin, as a concrete frothing agent and floor tiling, heat melt ingredient, pressure-sensitive, and rubber adhesives, represents another growth-inducing factor. Besides this, the rising environmental awareness, and the surging need to reduce fossil fuel consumption and minimize carbon dioxide (CO2) emissions, are offering lucrative growth opportunities to end users and investors, thus augmenting the market growth.
Furthermore, the extensive applications of lubricants as antiwear, antioxidants, antifoaming agents, demulsifying and emulsifying agents, and rust and corrosion inhibitors are creating a positive market outlook across the globe.
Global Pine Chemicals Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Pine Chemicals Companies:
Arakawa Chemical Industries Ltd, Arboris LLC, DRT (Firmenich SA), Eastman Chemical Company, Forchem Oyj, Harima Chemicals Group Inc., Ingevity Corporation, Kraton Corporation, OOO Torgoviy Dom Lesokhimik and SunPine AB.
The report has segmented the market on the basis of region, product type, source and application
Breakup by Product Type:
· Tall Oil
Breakup by Source:
· Pine Trunks
· Aged Pine Stumps
· Kraft Pulp
Breakup by Application:
· Adhesives and Coatings
· Solvents and Disinfectants
· Printing Ink
· Synthetic Rubber
· Flavors and Fragrances
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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