Gum And Wood Chemicals Industry to Achieve $745.54 Billion Growth by 2029

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How Will the Gum And Wood Chemicals Market Grow by 2025 in Terms of Size and Growth?
There has been a robust expansion in the market size of gum and wood chemicals in the past few years. The market which is expected to elevate from $537.35 billion in 2024 to $569.94 billion in 2025, predicts a compound annual growth rate (CAGR) of 6.1%. Factors such as the forestry industry, food and beverage sector, pharmaceuticals and healthcare, along with the adhesives and resins, have contributed to the growth during the historic period.

What Are the Estimated Growth Rates for the Gum And Wood Chemicals Industry Through 2029?
It is projected that the gum and wood chemicals market will experience robust growth in size in the following years, expanding to $745.54 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%. This projected growth during the forecast period can be credited to a variety of factors such as renewable and sustainable materials, biopolymers and bio-based products, innovations in food ingredients, as well as growth in the pharmaceutical and nutraceutical sectors. Furthermore, the forecasted period also sees a number of emerging trends like plant-based binders and stabilizers, sustainable extraction methods, claims of natural and organic products, and biodegradable materials.

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What Are the Strategic Drivers Boosting Gum And Wood Chemicals Market Performance?
The gum and wood chemical market is anticipated to experience growth, spurred by the escalating usage of personal care items. Items such as soaps, shampoos, cosmetics, and lotions, tailored to enhance appearance and promote cleanliness, fall under personal care products. The increase in their use is catalyzed by a heightened awareness of hygiene, changes in lifestyles, a wider variety of products, improved income, innovative marketing strategies, and technological advancements. These chemicals play an essential role in the production of personal care products, and hence, their increased use has a positive effect on the gum and wood chemical market. For instance, the average expenditure of consumers on personal care items rose by 12.3% in September 2023, states the Bureau of Labor Statistics, a U.S government agency. This figure was $866, a significant increase from $771 in 2021 and $866 in 2022. Thus, the rise in the use of personal care items is a significant factor driving the growth of the gum and wood chemical market.

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What Are the Segments in the Gum And Wood Chemicals Market?
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

Subsegments:
1) By Gum Arabic: Natural Gum Arabic, Processed Gum Arabic
2) By Guar Gum: Industrial Grade Guar Gum, Food Grade Guar Gum
3) By Wood Chemicals: Tall Oil, Rosin, Turpentine, Acetic Acid, Lignin, Pine Chemicals
4) By Charcoal: Lump Charcoal, Powdered Charcoal, Charcoal Briquettes
5) By Tannic Acid: Natural Tannic Acid, Synthetic Tannic Acid

What Are the Key Adoption Trends in the Gum And Wood Chemicals Market?
Firms within the gum and wood chemicals market are zeroing in on the introduction of new items to boost their product catalogue and consolidate their position in the market. These innovative products aid these companies in safeguarding wood and augmenting its natural allure. Case in point, The Heubach Group, a color solutions company based in Germany, in January 2023, unveiled its new product, HostatintTM SA-a sophisticated pigment preparation designed for lavish wood finishes. The notable advantage of Hostatint SA solutions is their exemption from specialized labelling, making them an ideal substitute for traditional dyes. The revamped versions of the Hostatint UV 100 product series represent the upcoming era of superior colorants for UV-cured wood coatings.

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Which Companies Lead the Competitive Landscape of the Gum And Wood Chemicals Industry?
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

Where Are the Key Gum And Wood Chemicals Market Opportunities by Region?
Asia-Pacific was the largest region in the gum and wood chemicals market in 2024. 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.

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