Carbon dioxide emissions and carbon footprints are rising due to the rising fossil fuel consumption and the increasing need to curb these carbon emissions is leading the way to the use of more eco-friendly pine-derived chemicals, hence stimulating the growth of the pine-derived chemicals market. Chemicals from pine trees occur naturally and their processing is environmentally friendly.
Pine-derived chemicals have discovered a large number of applications, from perfumes, fragrances, and cosmetics to food additives, adhesives to automobiles, and printing inks to oil wells. Pine-derived chemicals are used for the production of flavors in soft drinks, food, vitamins, household cleaners, soaps, and other applications.
“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,” says a Future Market Insights analyst.
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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.
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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