Pine Derived Chemicals Market Segmentation By Chemical Type (Tall Oil Rosin (TOR), Tall Oil Fatty Acid (TOFA), Gum Rosin, Gum Turpentine, Sterols, Pitch, CST and Others); By Source (Living Trees, Aged Pine Stumps and Co-Products of Kraft Pulping); By Application (Printing Inks, Paints and Coatings, Adhesives and Sealants, Rubber Emulsifiers, Paper and Pulp, Vitamin Intermediates, Disinfectants and Others) - Global Demand Analysis & Opportunity Outlook 2027

  • Report ID: 1346
  • Published Date: Feb 06, 2023
  • Report Format: PDF, PPT

Global Pine Derived Chemicals Market Overview

Pine derived chemical is a pioneer in utilizing biomass resources because of increasing trend towards sustainable development and production of value added products. Pine is a bio-renewable and sustainable source that makes these chemicals bio degradable and eco-friendly source of raw material. Crude tall oil and crude sulfate turpentine are the raw materials that are derived during the pulping process of evergreen pine trees. The cellulose of pine trees are used for paper making, two sap co-products are applied as inks, paints, coatings, adhesives and much more. These chemicals basically consist of rosin, terpenes, tall oil, and gums and can be derived by the process of tapping or krafting. Growing environmental awareness regarding depleting non-renewable resources is driving people and industrialists towards renewable resources, which is further anticipated to propel the growth of pine derived chemicals market over the forecast period i.e. 2018-2027.

Market Size & Forecast

The global pine derived chemicals market is expected to observe a vibrant growth on account of increasing demand for environmentally sustainable products in the market. Advancements in biochemical industry in the past few years and growing sustainable living objectives along with increasing applications of these chemicals in the production of large number of products such as perfumes, food additives and household cleaners among others are projected to drive the growth of the market during the forecast period.

The pine derived chemicals market is anticipated to record a significant CAGR of 4.8% over the forecast period. Many multi-national companies are concentrating towards new product advances in pine derived chemical products and derivatives by numerous on-going research and development activities. Moreover, many advantageous properties of these chemicals are exploited in the paints and coatings, adhesives and sealant industries for eco-friendly products which are expected to boost the market growth rapidly.On the basis of regional platform, the global pine derived chemicals market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

With the present population across the region with high environmental condition awareness, North America market is panned to observe substantial growth with a revenue earning of USD 25,973.72 million in the year 2017. North America is expected to be followed by Asia Pacific in terms of consumption on the back of rising environmental awareness with highest consumption across China.

Europe is expected to drive demand and positively impact the market growth over the forecast period on the back of increasing applications of these chemicals in industries that follow eco-friendly standards across the region.

pine derived chemicals market size

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Growth Drivers & Challenges

Applications in Manufacturing of Various End-User Products

These chemicals can be used for the production of various end-user products such as vitamin intermediates, solvents, disinfectants, modified resins, ink resins, perfumes, flavors in soft drinks and food, fragrances in soaps and household cleaners, food additives and much more which is expected to drive the market strongly during the forecast period. Increasing adoption of bio based raw materials for environmental sustainability is predicted to impact the market subsequently in upcoming years. Various research and development activities involved in efficient developmental processes and innovative products are expected to propel the market growth substantially across the globe. Further, rising carbon dioxide emissions are bringing in the requirement for more eco-friendly and efficient raw materials such as pines in various end-user industries which is estimated to considerably impact the market over the forecast period.

Rising Demand on the back of Trending Sustainable Development

The pine derived chemical industry has been at the forefront of sustainable development to maximize the long term value of the unique pine tree resources on the back of efficient forestry management. According to Pine Chemicals Association, 10 billion pine chemicals industry exist around the world. Moreover, applications of these chemicals in vitamins, automobile tires, dimer or trimer acids, sterols and others is expected to push the market over the forecast period. Additionally, applications of pine trees for tapping in the forests to recover “oleoresin” that is separated into Gum Rosin (GR) and Gum Turpentine (GT) for various other derivatives is anticipated to aid the market growth.

Lack of Abundant Production Sources

However, pine tree tapping being highly labor intensive and lack of abundant production sources across the globe are estimated to serve as the restraining factors behind the growth of the pine derived chemicals market over the forecast period.

Market Segmentation

Our-in depth analysis of the global pine derived chemicals market includes the following segments:

By Chemical Type

  • Tall Oil Rosin (TOR)
  • Tall Oil Fatty acid (TOFA)
  • Gum Rosin
  • Gum Turpentine
  • Sterols
  • Pitch
  • CST
  • Others

By Source

  • Living Trees
  • Aged Pine Stumps
  • Co-Products of Kraft Pulping

By Application

  • Printing Inks
  • Paints and Coatings
  • Adhesives and Sealants
  • Rubber Emulsifiers
  • Paper and Pulp
  • Vitamin Intermediates
  • Disinfectants
  • Others

By Region

The global pine derived chemicals market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating The Market

  • Eastman Chemical Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Harima Chemicals Group Inc.
  • Georgia-Pacific Chemicals LLC
  • Foreverest Resources Ltd.
  • Arakawa Chemical Industries
  • Arizona Chemical Company
  • Mentha & Allied Products
  • MeadWestvaco Corporation
  • Renessenz LLC.
  • Ingevity Corporation


In the News

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 1346
  • Published Date: Feb 06, 2023
  • Report Format: PDF, PPT

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