Middle East And Africa Pine Derived Chemicals Market Competitive Insights, Leading Players And Growth Opportunities By 2028

Precision Business Insights published a research report on "Middle East and Africa Pine Derived Chemicals Market: By Chemical Type (Tall Oil Fatty Acids, Tall Oil Rosin, Sterols, Pitch, Others), By Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks, Others) - Global/Region/Country Forecast to 2028".

Pine forests have become more commercially important, with more wood and non-wood items being produced. Pine is becoming more popular as a source of pine-derived chemicals to meet the needs of the chemical, food and beverage, and pharmaceutical industries. Pine-derived compounds have been used in biorefineries, which is noteworthy. Pine oleoresin as well as turpentine are two of the most widely used pine-derived compounds in the marketplace. The latter, which is made from pine oil, is commonly used as a paint thinner. Pine oleoresin, on the other hand, has been extensively studied for its potential in the production of green chemicals and biofuels.

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In the coming years, the increased usage of bio-based raw materials for environmental sustainability is likely to have an impact on the sector. Various R&D initiatives involving effective development techniques and unique products are expected to promote global market progress. The pine-derived chemical business has been at the forefront of sustainable development to maximise the long-term value of the unique pine tree resources, thanks to effective forestry management. The global pine chemicals industry employs almost a billion people, as per the Pine Chemicals Association. Over the forecast period, applications of these compounds in vitamins, automotive tyres, dimer or trimer acids, sterols, and other products are projected to drive the market. However, over the forecast period, the high labour intensity of pine tree tapping and thus the scarcity of supply sources around the world are projected to restrain the growth of the Pine-Derived Chemicals Market. For the Pine-Derived Chemicals Market, greater use of bio refined products and bioliquids for renewable energy will be a major growth driver. However, the availability of a restricted number of pine trees around the globe will limit the market for pine-derived compounds, resulting in a limited supply of raw materials. Strict laws and regulations, which result in strong pricing competition for these products, would be a stumbling block to the market's expansion.

The Global Pine-Derived Chemicals Market is categorized on the basis of Application, Type, and Geography. In terms of Type, the market is classified into Gum rosin, Gum turpentine, Tall oil fatty acid, Sterols, and Others. On the basis of Application, the market is divided into Surfactants, Paints & coatings, Printing inks, Adhesives & sealants, and Others.

Due to advancements in technology for the manufacturing as well as extraction of pine-derived chemicals, the Middle East and Africa region currently dominates the pine-derived chemicals market and will continue to do so during the projection period. Due to increased research and development activities, rising demand for pine-derived chemicals, and expanding industrialisation, it is predicted to grow throughout the forecast period of 2021-2028.

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Some of the major key players in the Middle East And Africa Pine Derived Chemicals Market are MeadWestvaco Corporation, Arizona Chemical Company, LLC, Georgia-Pacific Chemicals, LLC, Arakawa Chemical Industries, Ltd, Derives Resiniques ET Terpeniqes (DRT), International Flavors & Fragrances Inc, Kraton Chemical LLC, Mercer International Inc., Pine Chemical Group, Plasmine Technology Inc, Resinall Corp

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