Global Pine-Derived Chemicals Market Outlook Through 2023-2032

Market Size, Trends and Global Forecast 2023-2032

Pine-Derived Chemicals Market Definition

Pine-derived chemicals refer to co-products obtained during the distillation of pine trees in the papermaking process that are transformed into essential components for use in various applications such as paints, adhesives, and so on.

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Pine-Derived Chemicals Market Characteristics:

The global pine-derived chemicals market size is expected to grow from $5.19 billion in 2022 to $5.52 billion in 2023, at a compound annual growth rate (CAGR) of 6.2%. The pine-derived chemicals market size is expected to grow to $6.87 billion in 2027 at a CAGR of 5.6%.

2023

Key Market Drivers And Trends

Drivers

Growing environmental concerns are expected to propel the pine-derived chemicals market going forward.

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Pine-Derived Chemicals Market Segments

The report covers the Pine-Derived Chemicals market’s segments-

By Type By Application

By Source: Tall Oil Fatty Acid, Tall Oil Rosin, Gum

Turpentine, Gum

Rosin, Sterols, Pitch, Other Types

Adhesives and Sealants, Paints and Coatings, Surfactants, Printing Inks, Perfumes, Fragrances

Living Trees, Dead Pine Stumps and Logs, ByProduct Of Sulfate Pulping

Major companies in the market include

Key Market Players

Eastman Chemical Company

Ingevity Corporation

Florachem Corporation

Harima Chemicals Group Inc.

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