Quick Summary:
In the ever-evolving context of the global pine chemicals market, the significance of informed decision-making has never been stronger. This comprehensive report provides an in-depth analysis of the market drawing from a wide array of sectors" encompassing adhesive applications, perfumery, food and beverage flavouring, painting, home cleaning products, food additives and the automotive industry, among others. Pine chemical applications have been seeing a constant increase not only in diverse industries but also in the development of gum rosin, leveraged as a mediation component in various other global markets.
Growing traction of pine chemicals in heightening the efficiency and productivity of mining processes constitute a major driver for their market. Increasing use of lubricants as anti-wear solutions, emulsifying agents and rust inhibitors is also contributing to the spiking demand for pine chemicals. The advocacy for reduced fossil fuel consumption and consequently, lesser CO2 emissions, is leading to wider recognition of the multifaceted applications of pine chemicals. Diversification strategies based on collaboration, alliances, and product innovations have come to the forefront in enhancing overall product quality. These trends coupled with enhancements in production, technological advancements, and rapid urbanization are additionally fuelling market growth.
This extensive report provides a thorough segmentation of the market, including product type, source and application, complete with forecasts on a global, regional and country level for the period 2023-2028. The report offers a competitive landscape of the industry, profiling key players— providing the strategic insights essential for both current market participants and potential investors.
Pine chemicals are obtained from pine trees using the distillation of wood. They help improve product performance, reduce greenhouse gas emissions, and increase the reuse of materials. As a result, they are widely used in inks, adhesives, perfumes, flavors of fizzy beverages and different food products, paints, fragrances of soaps and home cleaners, food additives, and automobile tires. At present, there is a rise in the utilization of pine chemicals in gum rosin, which further finds application as a concrete frothing agent and floor tiling, heat melt ingredient, pressure-sensitive, and rubber adhesives across the globe.
Pine Chemicals Market Trends:
The growing employment of pine chemicals in the mining industry to increase the productivity and efficiency of mining processes, such as extraction and recovery of minerals from ores, represents one of the key factors driving the market. Moreover, there is a rise in the applications of lubricants as antiwear, antioxidants and antifoaming agents, demulsifying and emulsifying agents, and rust and corrosion inhibitors. This, along with the increasing usage of pine chemicals in the flavors and fragrances industry across the globe, is propelling the growth of the market. In addition, extensive use of crude oil and natural gas products is resulting in the growing pollution around the world. As a result, there is a need to minimize fossil fuel consumption and reduce carbon dioxide (CO2) emissions, which in turn, is offering lucrative growth opportunities to the end users and investors. Furthermore, key market players are focusing on partnerships, collaborations, and agreements to improve product quality. These players are also focusing on product launches and expansions. Other growth-inducing factors are improvements in the production side, technological advancements, and rapid urbanization.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global pine chemicals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, source and application.Breakup by Product Type:
- Tall Oil
- Rosin
- Turpentine
- Others
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
- Others
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. What was the size of the global pine chemicals market in 2022?2. What is the expected growth rate of the global pine chemicals market during 2023-2028?
3. What are the key factors driving the global pine chemicals market?
4. What has been the impact of COVID-19 on the global pine chemicals market?
5. What is the breakup of the global pine chemicals market based on the product type?
6. What is the breakup of the global pine chemicals market based on the application?
7. What are the key regions in the global pine chemicals market?
8. Who are the key players/companies in the global pine chemicals market?
What is the estimated value of the Global Pine Chemicals Market?
What is the growth rate of the Global Pine Chemicals Market?
What is the forecasted size of the Global Pine Chemicals Market?
Who are the key companies in the Global Pine Chemicals Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 5.4 Billion |
| Forecasted Market Value ( USD | $ 6.9 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
Companies Mentioned
- 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
- SunPine AB
Methodology
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