Global Pine-Derived Chemicals Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Growth & Forecast 2023-2032

Global Pine-Derived Chemicals Market
The global pine-derived chemicals market is estimated to be valued at USD 5.4 billion in 2022 and is projected to reach USD 6.8 billion by 2027, recording a CAGR of 4.4%, in terms of value.

Pine-derived chemicals are bio-based, renewable chemicals extracted from pine trees. These chemicals are derived from the carbonization of wood and the distillation of oleoresins. Most distillate products are also made from tree stumps, rubber, kraft pulp by-products, and tree trunks. During the papermaking process, chemicals are extracted from the pine as a by-product of the pulping process, producing crude sulphated turpentine and crude tall oil.

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Primary and secondary research is conducted to gain access to current government rules, market information, and industry statistics .Global Pine-Derived Chemicals producers, distributors, end users, industry groups, governments' industry bureaus, industry magazines, industry experts, third-party databases, and our in-house databases were used to collect data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, and ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application, and region, providing a holistic view of as well as a deep insight into the Global Pine-Derived Chemicals Market covering all of its essential aspects.

In addition, products such as creosote, charcoal, methanol, essential oils, tannins, phenols, and pharmaceuticals are obtained through the wood carbonization process. Chemicals derived from pine trees are used in adhesives, resins, surface coatings, printing inks, soaps and detergents, fabric softeners, air fresheners, and more.

The demand for these products is growing exponentially as consumers tend to prefer eco-friendly products. These chemicals use natural and renewable products as raw materials to develop both basic and necessary items and act as a carbon footprint reduction mechanism. Pine-derived chemicals are derived from living trees, pine stumps and logs where the industry relies on forestry-derived raw materials. Crude tall oil (CTO) is a very prominent example of pine chemistry with diverse uses. The American Chemistry Council (ACC) has assumed that the global availability of CTOs will increase to 2.26 million tons per year by 2030, driven by the growth of pine-derived chemicals over chemical substitutes.

Global pine-derived chemicals market Covid Impact: -
The global pine-derived chemicals market has been impacted by the COVID-19 pandemic in a number of ways. The pandemic has led to disruptions in supply chains, reduced demand for certain products, and changes in consumer behavior, all of which have had an impact on the pine chemicals market.

One of the main factors affecting the pine chemicals market has been the disruption to global supply chains. The pandemic has led to shutdowns of factories and transportation networks, causing delays in the production and delivery of pine chemicals. This has resulted in price increases for some products and a decrease in availability for others.
Process Insight

The tapping process segment is expected to account for the largest market share during the forecast period. Pine oleoresin or gum is harvested from live pine trees. Tapping repeats, the process of wounding the tree trunk, removing the bark and underlying tissue, followed by (or not) applying a chemical irritant. Crude oleoresin is collected from wounded trees and evaporated by steam distillation to obtain turpentine. After turpentine, which is widely used in the production of adhesives and sealants, paints and coatings, molten rosin remains at the bottom.

Market Segmentation:
By Source
•Living trees
•Dead pine stumps & logs
•By-product of sulphate pulping

By Type
• Tall oil fatty acid
• Tall oil rosin
• Gum turpentine
• Gum rosin
• Sterols
• Pitch
• Other types (crude sulphate 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 Geography
•North America
o U.S.
o Canada
o Mexico

•Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia

•Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN

•Latin America
o Brazil
o Argentina
o Colombia

•MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt

Key Player:
Some of the key players operating 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
•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
•Keichem

Regional Analysis:
North America: North America is one of the significant regions in terms of the production and consumption of pine-derived chemicals. The United States is a major producer of these chemicals, and the demand for these products is also increasing in the region. The growth in the construction and automotive industries in the region is driving the market growth.

Europe: Europe is another significant market for pine-derived chemicals. Countries such as Germany, France, and Spain are the major producers of these chemicals. The demand for these chemicals is growing due to their applications in various industries such as adhesives, paints and coatings, and printing inks.

Asia-Pacific: The Asia-Pacific region is a major consumer of pine-derived chemicals. Countries such as China, India, Japan, and South Korea are the major contributors to the market growth. The growing population, urbanization, and industrialization in the region are driving the demand for these chemicals.

Latin America: Latin America is an emerging market for pine-derived chemicals. The demand for these chemicals is increasing due to the growth in the construction industry in the region. Countries such as Brazil, Argentina, and Mexico are the major contributors to the market growth.

Middle East and Africa: The Middle East and Africa region are also emerging markets for pine-derived chemicals. The demand for these chemicals is growing due to the increasing use of these chemicals in the construction industry. Countries such as Saudi Arabia, UAE, and South Africa are the major contributors to the market growth.

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