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Gum And Wood Chemicals Market Report 2024-2033| Royal Oak Enterprises LLC, Abbey Color Inc., Borregaard AS, Braai Star Charcoal, E & C Charcoal (Pty) Ltd., Georgia-Pacific Chemicals LLC
Gum And Wood Chemicals
The Business Research Company's Gum And Wood Chemicals Global Market Report 2023 identifies gum Arabic as the major driver for the Gum And Wood Chemicals market's growth in the forecast period. Gum Arabic is a natural and flexible ingredient used in food, drinks, and chemical products. Gum Arabic is produced in African nations and is mainly used in the food industry.
Additionally, it is used as a stabilizer, binder, and emulsifier in soft drinks, wine, and liquor. It also finds its applications in pharmaceuticals, cosmetics, printing, ceramics, photosensitive chemicals, textiles, paper, ink, paints, and adhesives.
The gum and wood chemicals market size has grown rapidly in recent years. It will grow from $397.77 billion in 2023 to $443.9 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to forestry industry, food and beverage, pharmaceuticals and healthcare, adhesives and resins.
The gum and wood chemicals market size is expected to see rapid growth in the next few years. It will grow to $661.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.
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Major competitors in the Gum And Wood Chemicals market are Royal Oak Enterprises LLC, Abbey Color Inc., Borregaard AS, Braai Star Charcoal, E & C Charcoal (Pty) Ltd., Georgia-Pacific Chemicals LLC.
The companies in the gum and wood chemicals market are focusing on the launch of new products to improve their product portfolio and strengthen their market position. The launch of new products enables the companies in the market to protect wood and enhance its natural beauty. For example, in January 2023, The Heubach Group, a Germany-based provider of comprehensive color solutions, launched Hostatint™ SA, the latest advanced pigment preparations for luxurious wood finishes. As such Hostatint™ SA preparations do not require special labelling, making them perfect to replace traditional dyes. The re-formulated Hostatint™ UV 100 product range is the next generation of high-performance colorants for UV-cured wood coatings.
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The Gum And Wood Chemicals market is segmented -
• By Product Type: Gum Arabic, Guar Gum, Wood Chemicals, Charcoal, Tannic Acid
• By Sales Channel: Direct Sales, Distributor
• By End User: Commercial, Industrial, Household
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Gum And Wood Chemicals market.
The Business Research Company's "Global Gum And Wood Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gum And Wood Chemicals Market Include:
1. Gum And Wood Chemicals Market Executive Summary
2. Gum And Wood Chemicals Market Segments
3. Gum And Wood Chemicals Market Size And Gum And Wood Chemicals Market Growth Rate
4. Key Gum And Wood Chemicals Market Trends
5. Major Gum And Wood Chemicals Market Drivers
……
25. Key Mergers And Acquisitions In The Gum And Wood Chemicals Market
26. Top Gum And Wood Chemicals Companies
27. Gum And Wood Chemicals Market Opportunities And Strategies
28. Gum And Wood Chemicals Market, Conclusions And Recommendations
29. Appendix
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