Gum and Wood Chemicals Market Report 2026

The gum and wood chemicals market size has grown strongly in recent years. It will grow from $569.94 billion in 2025 to $606.14 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in furniture manufacturing, availability of forest byproducts, demand for wood adhesives, expansion of pulp and paper industry, traditional use of gum based chemicals.

The gum and wood chemicals market size is expected to see strong growth in the next few years. It will grow to $801.05 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to sustainable construction growth, bio adhesive innovation, rising wood composite demand, investment in forestry value chains, regulatory push for renewable chemicals. Major trends in the forecast period include growing use of bio based adhesives, rising demand in wood panel manufacturing, expansion of pine chemical applications, increased utilization of forestry byproducts, focus on sustainable wood processing.

The increasing activities in construction are expected to drive the growth of the gum and wood chemicals market. This rise in construction activity can be attributed to factors such as increased government spending on infrastructure development, urbanization trends fueling housing demand, and the post-pandemic recovery of the real estate market. Gum and wood chemicals are essential in construction as they serve as effective binders, stabilizers, and additives, improving the performance and durability of materials like adhesives, sealants, and coatings. For example, in March 2023, a report by Oxford Economics, a UK-based economic information services company, projected the value of global construction work to increase from $9.7 trillion in 2022 to $13.9 trillion by 2037. As a result, the growing construction activities are driving the expansion of the gum and wood chemicals market.

Companies operating in the gum and wood chemicals market are actively focused on introducing new products as a strategy to enrich their product portfolios and reinforce their market positions. The introduction of innovative products allows these companies to offer wood protection and enhance its natural appearance. For example, in January 2023, The Heubach Group, a Germany-based provider of comprehensive color solutions, launched Hostatint SA, an advanced pigment preparation designed for premium wood finishes. These Hostatint SA preparations do not require special labeling, making them a suitable alternative to traditional dyes. The re-formulated Hostatint UV 100 product range represents the next generation of high-performance colorants for UV-cured wood coatings. This approach enables companies to stay competitive and meet the evolving demands of the market.

In October 2024, Sudarshan Chemical Industries Ltd., an India-based specialty chemicals company, acquired the global pigment business of Heubach Group for $4.14 billion (€127.5 million). Through this acquisition, Sudarshan aims to strengthen its pigment and wood-chemical solutions portfolio, broaden its global presence, and enhance its offerings for coatings, wood-care chemicals, plastics, and various industrial applications. Heubach Group is a Germany-based manufacturer of pigments, coatings, and specialty chemicals serving both industrial and consumer markets.

Major companies operating in the gum and wood chemicals market are Borregaard ASA, Kraton Corporation, Georgia-Pacific Chemicals LLC, Rayonier Advanced Materials Inc., Ingevity Corporation, Harima Chemicals Group Inc., Domsjö Fabriker AB, Stora Enso Oyj, UPM-Kymmene Oyj, Suzano SA, Klabin SA, Arauco SA, Empresas CMPC SA, WestRock Company, International Paper Company, Mercer International Inc., Sappi Limited, Mondi plc, U.S. Endowment for Forestry and Communities, Resolute Forest Products Inc.

Asia-Pacific was the largest region in the gum and wood chemicals market in 2025. North America was the second-largest region in the global gum and wood chemicals market. The regions covered in the gum and wood chemicals market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gum and wood chemicals market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The gum and wood chemicals market consists of the sales of hardwood and softwood distillation products, wood and naval stores, charcoal, natural dyestuffs, and natural tanning materials. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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