Tapping into Nature: Pine-derived Chemicals Market to Surge to US$ 8,617 Million by 2034

Internal Gear Pump Market

A report by Future Market Insights shows that global consumption of   will expand at a CAGR of 4.4% over 2022-2032 to reach a revenue of US$ 8.4 Billion.

Carbon dioxide emissions and carbon footprints are increasing as fossil fuel usage rises, and the growing desire to reduce these emissions is leading to the use of more environmentally friendly pine-derived chemicals, hence supporting the expansion of the pine-derived chemicals market. Chemicals from pine trees occur naturally, and their production is eco-friendly.

Pine-derived chemicals have a wide range of applications, including perfumes, scents, and cosmetics, as well as food additives, automotive adhesives, and oil well printing inks. Pine-derived chemicals are used to flavour soft beverages, foods, vitamins, household cleaners, soaps, and other goods.

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Key Takeaways from the study

  • A newly released report from pine-derived chemical market analysis by Future Market Insights displays that global consumption of pine-derived chemicals estimated a year-on-year (YOY) growth of 3.8% in 2021 to total global sales of USD 5.5 billion.
  • Rosin products recorded for more than 40% of the total pine-derived chemicals market. The demand for tall oil rosin (TOR) is very high.
  • Approximately, 90% of the tall oil manufactured is fractionated or distilled to the advancement of rosin, fatty acid, and tall-oil pitch for market use.
  • Gum rosin is the major product type with a share of more than 60% in the rosins segment. Gum rosin is mainly used as the concrete frothing agent, floor tiling adhesive, and also as an ingredient of heat melt adhesive, rubber adhesive, and pressure-sensitive adhesive.
  • The top five corporations of pine tree-based chemicals have captured around 40% of the global market share, with the rest of the mid-sized and few local players holding the rest.

“Pine-derived chemical producers would profit significantly by establishing links with flavors and fragrance manufacturers. They should also aim to improvise and scale upon the existing market and target the rising applications of pine-based chemicals. Improving efficiency and manufacturing units and innovation with products should also be the aim for market players,” – Nandini Roy Choudhury, Client Partner at Future Market Insights analyst.

North America emerged as a dominant region in the global market for pine-derived chemicals market. Europe is second to North America owing to a robust ‘all-natural’ manufacturing of cosmetics and personal care. The automobile industry in Europe also aids this growth. By volume, Europe holds around 38% of the pine-derived chemicals market.

  • Asia-Pacific is projected to be the fastest-growing region in view of suitable climate and operational benefits from pine-derived chemicals along with rising environmental concerns, ease of doing business, growing industrialization, and broad application spectrum.
  • An increase in the availability of cheaper substitutes for pine-based chemicals might restrain the sales. Pine trees only grow in certain geographical locations, thereby restricting their availability and increasing their costs.

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Competitive Outlook

The global pine-derived chemicals industry is equidistant from fragmented and consolidated in nature. The presence of numerous players of a significant scale renders the market highly competitive and large companies do dominate the market globally. The market players are opting for technological advancement, strategic collaborations, and going green practices in order to achieve sustainability.

The key producers operating in the global pine-derived chemicals market are Florachem, Eastman Chemical Company, Arakawa Chemical Industries Ltd., Georgia-Pacific Chemicals LLC. (U.S.), DRT (Dérivés Résiniques et Terpéniques) (France), Wuzhou Sun Shine Forestry and Chemicals Co. Ltd., Guilin Songquan Forest Chemical, Harima Chemicals Group, Inc., Kraton Corporation, Foreverest Resources Ltd., Mentha & Allied Products Pvt. Ltd. (India), Renessenz LLC (U.S.), Ingevity Corporation, and ForchemOyj among others.

The global Pine- Derived Chemicals Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Source :

  • Living trees
  • Dead pine stumps & logs
  • By-Products of sulphate                                           

By Application :

  • Adhesives & sealants
  • Paints & Coatings
  • Surfactants
  • Printing inks
  • Perfumes, Fragrances, and Cosmetics
  • Food Additives
  • Others

By Type :

  • Tall oil fatty acid
  • Tall oil rosin
  • Gum turpentine
  • Gum rosin
  • Pitch

By Process :

  • Kraft
  • Tapping
  • Pulpmills

By Region :

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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