Pine Chemicals - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Pine Chemicals Market is accounted for $12.25 billion in 2018 and is expected to reach $22.52 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Some of the key factors propelling the market growth are rising demand for lubricants and increasing demand from flavours and fragrances industry. However, availability of substitutes is the restraining factor for the growth of the market.
The chemicals derived from the distillation of oleoresin or wood carbonization are termed as pine chemicals. These chemicals are mainly obtained from three sources which include living trees, dead pine stumps and logs, and by-products of kraft pulping.
By product, the rosin segment is expected to grow at a significant market share during the forecast period because of its unique functionality. On the basis of geography, Europe is anticipated to hold considerable market share during the forecast period due to the increasing production of adhesives in the region.
Some of the key players in Pine Chemicals Market include Pine Chemical Group, Eastman Chemical Company, Arakawa Chemical Industries Ltd, Sunpine AB, Plasmine Technology Inc, Ingevity Corporation, Harima Chemicals Group Inc, Forchem Oyj, DRT (Derives Resiniques et Terpeniques), Kraton Corporation, Resinall Corp, and Ooo Torgoviy Dom Lesokhimik.
• Tall Oil
• Kraft Pulp
• Pine Trunks
• Aged Pine Stumps
• Printing Ink
• Soaps and Detergents
• Adhesives and Sealants
• Chewing Gums
• Metal Working Fluid
• Fuels and Biofuels
• Solvents & Disinfectants
• Paper Sizing
• Flavors & Fragrances
• Dimer Acids
• Lubricants & Lubricity Additives
• Mining and Floatation Chemicals
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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