14-Sep-2022 | Facts and Factors
According to Facts and Factors, the global pine-derived chemicals market size was worth USD 5,293.10 million in 2021 and is estimated to grow to USD 6,775.11 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.20% over the forecast period. The report analyzes the pine-derived chemicals market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the pine-derived chemicals market.
Pine chemical is a family of renewable natural materials derived from pine trees (Pinus genus). These chemicals come from the distillation of oleoresin or the carbonization of wood. Many distilled products are made from gum, stumps, logs, and kraft pulp by-products. During the paper-making process, chemicals are recovered from pine wood as a by-product of the pulping process in the form of tall crude oil (CTO) and crude sulfated turpentine (CST). Oleoresin is also obtained from pine trees. It is divided into gum resin (GR) and gum turpentine (GT). It is also a by-product of the kraft pulp industry. A combination of black liquor degreasing and acid produces tall oil. This oil combines resin acids, oleic acid, and other unsaturated fatty acids. Pine-derived chemicals are widely used in the food and beverage industry to produce flavors used in soft drinks, foods, vitamins, and food additives.
Browse the full “Pine-Derived Chemicals Market Size, Share, Growth Analysis Report By Source (Living Trees, Dead Pine Stumps & Logs, And By-product Of Sulfate Pulping), By Type [Tall Oil Fatty Acid, Tall Oil Rosin, Gum Turpentine, Gum Rosin, Sterols, Pitch, And Other Types (Crude Sulfate Turpentine And Its Derivatives)], By Application [Adhesives & Sealants, Paints & Coatings, Surfactants, Printing Inks, And Other Applications (Food Additives, Cosmetics, And Seed Coatings)], By Process (Kraft Process And Tapping Process), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/pine-derived-chemicals-market
The increasing use of pine-derived chemicals in the production of fragrances used in soaps, household cleaners, and perfumes is expected to increase demand opportunities in the global pine-derived chemicals market during the forecast period. In the automotive industry, pine-derived chemicals are used to manufacture tires. Therefore, increasing demand for tires from the automotive sector is expected to create a promising avenue for the expansion of the global market. The global market for pine-derived chemicals is gaining momentum due to the growing need to minimize fossil fuel consumption and reduce carbon emissions. Significant growth is projected in the market due to increasing demand for bio-friendly products.
In addition, chemicals derived from pine trees are in high demand for a wide variety of applications as they are so heavily used in coatings, adhesives, and disinfectants. Increasing demand for pine chemicals from the flavor and fragrance industry is also expected to boost market growth during the forecast period. The above factors drive competitors to develop cost-effective rectification processes for pine chemicals used in adhesives, lubricants, inks, paints, and coatings. The pine-derived chemicals market is experiencing profitable growth due to raw material imports and exports. Purchased raw materials account for more than 50% of shipments.
Segment Analysis
The global pine-derived chemicals market has been segmented into source, type, application, process, and region.
Based on the source, the market is classified into living trees, dead pine stumps & logs, and by-products of sulfate pulping. In 2021, the living trees category dominated the global market. Based on type, the market is classified into tall oil fatty acid, tall oil rosin, gum turpentine, gum rosin, sterols, pitch, and other types (crude sulfate turpentine and its derivatives). In 2021, the gum rosin category dominated the global market.
Based on the application, the market is classified into adhesives & sealants, paints & coatings, surfactants, printing inks, and other applications (food additives, cosmetics, and seed coatings). In 2021, the paints & coatings category dominated the global market. Based on process, the market is classified into kraft and tapping processes.
Regional Analysis
The global pine-derived chemicals market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Due to pines being readily available in these regions, North America dominated the worldwide pine-derived chemicals market in 2021 and is likely to maintain its position during the forecast period. Pines are readily available in these areas.
Technological advances in producing and extracting pine-derived chemicals are expected to spur market growth during the forecast period. The development of biorefineries and the involvement of influential exporters in the region will further drive the regional market's growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 5,293.10 Million |
Projected Market Size in 2028 |
USD 6,775.11 Million |
CAGR Growth Rate |
4.20% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Eastman Chemical Company, Harima Chemicals Group, Ingevity Corporation, Kraton Corporation, Mentha & Allied Products Pvt Ltd, Mahendra Rosin & Turpentine Pvt Ltd, Arakawa Chemical Industries Ltd, George-Pacific Chemicals, Forchem OYJ, Florachem Corporation, Dart (Dérivés Résiniques Et Terpéniques, Foreverest Resources Ltd, Wuzhou Sunshine Forestry & Chemicals Co. Ltd, Guilin Songquan Forest Chemical Co. Ltd, Midhills Rosin & Terpenes, Resinas Alfonso Criado Martín, Florpinus Chemical Industries, Pinechemical Group Oy, Punjab Rosin & Chemical Works, aKeichem., and Others |
Key Segment |
By Source, Type, Application, Process, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key Players Insights
Key players in the global pine-derived chemicals market include Eastman Chemical Company, Harima Chemicals Group, Ingevity Corporation, Kraton Corporation, Mentha & Allied Products Pvt Ltd, Mahendra Rosin & Turpentine Pvt Ltd, Arakawa Chemical Industries, Ltd, George-Pacific Chemicals, Forchem OYJ, Florachem Corporation, Drt (Dérivés Résiniques Et Terpéniques, Foreverest Resources Ltd, Wuzhou Sunshine Forestry & Chemicals Co. Ltd, Guilin Songquan Forest Chemical Co. Ltd, Midhills Rosin & Turpenes, Resinas Alfonso Criado Martín, Florpinus Chemical Industries, Pinechemical Group Oy, Punjab Rosin & Chemical Works, and Keichem.
The global pine-derived chemicals market is segmented as follows:
By Source
- Living trees
- Dead pine stumps & logs
- By-product of sulfate pulping
By Type
- Tall oil fatty acid
- Tall oil rosin
- Gum turpentine
- Gum rosin
- Sterols
- Pitch
- Other types (crude sulfate turpentine and its derivatives)
By Application
- Adhesives & sealants
- Paints & coatings
- Surfactants
- Printing inks
- Other applications (food additives, cosmetics, and seed coatings)
By Process
- Kraft process
- Tapping process
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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