Press release
United States Pine Derived Chemicals Industry Growth, Trends | Green Chemistry & Circular Economy Drive Expansion
Pine Derived Chemicals Industry
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The Pine Derived Chemicals market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Latest M&A in Pine Derived Chemicals
In 2024, Grupo Resinas Brasil acquired a majority stake in Pinopine, a Portuguese gum rosin derivatives manufacturer, as part of industry consolidation for vertical integration and global expansion.
DRT was acquired by Firmenich in 2019, strengthening Firmenich's position in natural ingredient markets including pine chemicals.
Strategic investments include DRT's construction of a new manufacturing plant in France for hydrogenated rosin and resin derivatives to meet growing demand for bio-based chemicals. This project is pending completion.
The pine chemicals industry is seeing consolidation and expansions focused on bio-based green chemicals and vertical integration for supply chain optimization.
Forecast Growth Projected:
The Global Pine Derived Chemicals Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Pine Derived Chemicals Market:
Harima Chemicals Group Inc, Ingevity, Kraton Corporation, Mentha And Allied Products Limited, Mahendra Rosin and Turpentine Pvt Ltd, Arakawa Chemical Industries Ltd, Georgia-Pacific Chemicals, Forchem Oyj and Florachem Corporation.
Segment Covered in the Pine Derived Chemicals Market:
By Type: (Gum Turpentine, Gum Rosin, Pitch, Sterols, Tall Oil Fatty Acid)
By Source: (Aged Pine Stumps, By-Products of Sulphate Pulping, Co-Products of Craft Pulping, Dead Pine Stumps & Logs, Living Trees)
By Process: (Kraft, Tapping), By Material Processed (Ferrous Metals & Ferroalloys Processing, Non-Ferrous Metals Processing)
By Application: (Paints & Coatings, Adhesives & Sealants, Construction, Surfactants, Paper & Pulp, Rubber, Printing Inks)
Latest News & Market Trends
The pine derived chemicals market is growing rapidly, valued at around USD 6.3-6.4 billion in 2024-25 with projections reaching USD 7.8 to 9.4 billion by 2029-2034 depending on the source.
Growth drivers include increasing demand for sustainable, bio-based alternatives in coatings, adhesives, cosmetics, pharmaceuticals, and food industries.
Advances in extraction and processing technologies have improved production efficiency and lowered costs, further boosting market growth.
Government incentives, tax breaks, and green legislation are supporting R&D and adoption of pine-derived chemicals.
North America and Asia-Pacific are key growth regions, with North America expected to see the fastest market expansion.
Leading companies include Kraton, Ingevity, WestRock, Forchem, Eastman Chemical, Harima Chemicals, and others.
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Regional Analysis:
The global Pine Derived Chemicals Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Pine Derived Chemicals Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Pine Derived Chemicals manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Pine Derived Chemicals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Recent Product Launches and Innovations
Kraton launched a new bio-based tackifier product line aimed at adhesives in 2022, enhancing its sustainable chemicals portfolio.
Ingevity expanded its Tall Oil Fatty Acid (TOFA) production capacity in 2023 to meet rising demand.
Eastman Chemical expanded R&D efforts on bio-based resins for coatings around 2020, with ongoing advancements.
Industry innovations focus on applications in bio-based resins, polymers, antioxidants, pharmaceuticals, adhesives, and sealants to promote sustainability.
Increased use of pine chemicals as natural preservatives and anti-inflammatory agents is under research in pharmaceutical and food sectors.
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