PUBLISHER: IMARC | PRODUCT CODE: 1520471
PUBLISHER: IMARC | PRODUCT CODE: 1520471
The global pine chemicals market size reached US$ 5.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Pine chemicals are obtained from pine trees using the distillation of wood. They help improve product performance, reduce greenhouse gas emissions, and increase the reuse of materials. As a result, they are widely used in inks, adhesives, perfumes, flavors of fizzy beverages and different food products, paints, fragrances of soaps and home cleaners, food additives, and automobile tires. At present, there is a rise in the utilization of pine chemicals in gum rosin, which further finds application as a concrete frothing agent and floor tiling, heat melt ingredient, pressure-sensitive, and rubber adhesives across the globe.
The growing employment of pine chemicals in the mining industry to increase the productivity and efficiency of mining processes, such as extraction and recovery of minerals from ores, represents one of the key factors driving the market. Moreover, there is a rise in the applications of lubricants as antiwear, antioxidants and antifoaming agents, demulsifying and emulsifying agents, and rust and corrosion inhibitors. This, along with the increasing usage of pine chemicals in the flavors and fragrances industry across the globe, is propelling the growth of the market. In addition, extensive use of crude oil and natural gas products is resulting in the growing pollution around the world. As a result, there is a need to minimize fossil fuel consumption and reduce carbon dioxide (CO2) emissions, which in turn, is offering lucrative growth opportunities to the end users and investors. Furthermore, key market players are focusing on partnerships, collaborations, and agreements to improve product quality. These players are also focusing on product launches and expansions. Other growth-inducing factors are improvements in the production side, technological advancements, and rapid urbanization.
IMARC Group provides an analysis of the key trends in each sub-segment of the global pine chemicals market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, source and application.
Tall Oil
Rosin
Turpentine
Others
Pine Trunks
Aged Pine Stumps
Kraft Pulp
Adhesives and Coatings
Solvents and Disinfectants
Printing Ink
Synthetic Rubber
Flavors and Fragrances
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arakawa Chemical Industries Ltd, Arboris LLC, DRT (Firmenich SA), Eastman Chemical Company, Forchem Oyj, Harima Chemicals Group Inc., Ingevity Corporation, Kraton Corporation, OOO Torgoviy Dom Lesokhimik and SunPine AB.