The pine-derived chemicals market is led by North America, followed by the Asia-Pacific region. The U.S. pine-derived chemicals market not only dominates North America but also the global market. The Asia-Pacific region is projected to be the fastest-growing market globally for the period under consideration. The market is projected to grow significantly at a CAGR of 5.7% from 2015 to 2020. Japan and China are projected to be the major and the fastest-growing pine chemicals markets in the Asia-Pacific region for the next five years, due to increasing demand for bio-based products in the market.
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