Pine-derived chemicals are known as renewable and hence consider environmentally friendly. The use of these chemicals results in low carbon dioxide emissions as compared to other chemicals; this factor is helping in the rising demand for chemicals extracted from pines. The use of natural gas and crude oil-related products that contribute to emissions can adversely impact the atmosphere. Moreover, carbon dioxide emissions and carbon footprints are increasing due to the increasing fossil fuel consumption. The growing need to curb carbon emission is leading to the use of more eco-friendly chemicals such as pine-derived chemicals, thereby stimulating the growth of the market. These chemicals are also used in various applications including adhesives, resins, surface coatings, printing inks, soaps & detergents, plasticizers, and fragrance chemicals.
MARKET DYNAMICS
The pine-derived chemicals market has witnessed significant growth owing to factors such as growing environmental concerns among consumers, rapid industrialization, focus on the use of renewable resources, and resource optimization, which has further led to large-scale adoption of these chemicals for various applications. Furthermore, with rapid growth in pollution and fossil fuel exploitation, the pressure on the ecosystem has increased and compelled the need to find alternatives to replace fossil fuels with renewable raw materials, which is further influencing this market. Pine-derived chemicals again find usage in various end-use industries, including printing inks, rubber, adhesives & sealants, paint & coatings, and others. The rising application across these industries will pave the way for the growth of the market. However, Stringent government regulations and laws, along with price war among different pine-derived chemical manufacturers, are restraining the market. Also, pine trees only grow in certain areas, thereby restricting their availability. Nevertheless, with the steady growth in the chemical and fragrance industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Pine-Derived Chemicals Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pine-derived chemicals market with detailed market segmentation by type, application, source, process, and geography. The global pine-derived chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pine-derived chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global pine-derived chemicals market is segmented on the basis of type, application, source, and process. On the basis of type, the pine-derived chemicals market is segmented into tall oil fatty acid, tall oil rosin, gum turpentine, gum rosin, sterols, pitch, and other pine-derived chemicals. The pine-derived chemicals market on the basis of the application is classified into adhesives & sealants, paints & coatings, surfactants, printing inks, others applications. On the basis of source, global pine-derived chemicals market is bifurcated into living trees, dead pine stumps & logs, and by-products of sulfate pulping (kraft process). Based on process, the pine-derived chemical market is bifurcated into Kraft process and tapping.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global pine-derived chemicals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The pine-derived chemicals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the pine-derived chemicals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pine-derived chemicals market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global pine-derived chemicals market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from pine-derived chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for pine-derived chemicals in the global market. Below mentioned is the list of few companies engaged in the pine-derived chemicals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pine-derived chemicals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Arakawa Chemical Industries, Ltd.
- Arizona Chemical Company, LLC
- DRT (D?riv?s R?siniques ET Terp?niques)
- Eastman Chemical Company
- Foreverest Resources Ltd.
- Georgia-Pacific Chemicals LLC.
- Harima Chemicals Group Inc.
- Ingevity Corporation
- Mentha & Allied Products Pvt. Ltd.
- Renessenz LLC.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.