Gum And Wood Chemicals Market Size, Share, Trends Analysis And Forecasts(2024 - 2033)

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Gum And Wood Chemicals Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $661.98 billion In 2028 At A CAGR Of 10.5% :

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%. The growth in the forecast period can be attributed to renewable and sustainable materials, biopolymers and bio-based products, food ingredient innovation, pharmaceutical and nutraceutical growth. Major trends in the forecast period include plant-based binders and stabilizers, sustainable extraction practices, natural and organic product claimsbiodegradable materials.

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Gum And Wood Chemicals Market Major Segments
The gum and wood chemicals market covered in this report is segmented -

1) By Product Type: Gum Arabic, Guar Gum, Wood Chemicals, Charcoal, Tannic Acid
2) By Sales Channel: Direct Sales, Distributor
3) By End User: Commercial, Industrial, Household

Key Driver - Surging Demand For Gum Arabic Fuels Growth In The Gum And Wood Chemicals Market

Rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market. 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. For instance, according to the Observatory of Economic Complexity (OEC), a leading data visualization tool for international trade data, gum Arabic was the 3187th most traded good in the world in 2021, with $363M in total trade. Exports of gum Arabic increased by 7.33% between 2020 and 2021, from $338 million to $363 million. Thus, the rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market.

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Prominent Trend - The Heubach Group Launches Hostatint Sa, Elevating Wood Finishes With Advanced Pigment Preparations

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.

Gum And Wood Chemicals Market Players
Major companies operating in the gum and wood chemicals market include Royal Oak Enterprises LLC, Abbey Color Inc., Borregaard AS, Braai Star Charcoal, E & C Charcoal (Pty) Ltd, Georgia-Pacific Chemicals LLC, Kraton Corporation, WestRock Company, International Paper Company, Rayonier Advanced Materials Inc., Weyerhaeuser Company, Mercer International Inc., Domtar Corporation, Resolute Forest Products Inc., Sappi Limited, UPM-Kymmene Oyj, Mondi plc, Stora Enso Oyj, Suzano SA, Fibria Celulose SA, Klabin SA, Arauco North America Inc., Empresas CMPC SA, Eldorado Brasil Celulose SA, Asia Symbol (Shandong) Pulp and Paper Co. Ltd., Nine Dragons Paper Limited, Lee & Man Paper Manufacturing Limited, Shandong Chenming Paper Holdings Limited, Svenska Cellulosa Aktiebolaget SCA, Metsä Group, Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Rengo Co. Ltd., Daio Paper Corporation, Hokuetsu Corporation

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the gum and wood chemicals market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gum And Wood Chemicals Market Report Structure
3. Gum And Wood Chemicals Market Trends And Strategies
4. Gum And Wood Chemicals Market - Macro Economic Scenario
5. Gum And Wood Chemicals Market Size And Growth
…..
27. Gum And Wood Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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