Report Feature
The future of the pine chemical market looks promising with opportunities in various applications, such as paints and coatings, adhesives and sealants, printing inks, surfactants, lubricants and lubricity additives, biofuels, paper sizing, and rubber. The global pine chemical market is expected to grow with a CAGR of 3% to 5% from 2021 to 2026. The major drivers for this market are increasing demand for pine chemicals in lubricants and mining and floatation chemicals, rising demand for environmentally friendly products, and growing demand in the flavor and fragrance industry.
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The study includes trends and forecasts for the global pine chemical market by product type, application, source, process, and region as follows:
By Product Type [Volume (kilotons) and $M shipment analysis for 2015 – 2026]:
- Tall Oil Rosin (TOR)
- Gum Rosin
- Gum Turpentine
- Tall Oil Fatty acid (TOFA)
- Sterols
- Others
By Application [Volume (kilotons) and $M shipment analysis for 2015 – 2026]:
- Adhesives and Sealants
- Paints and Coatings
- Printing Inks
- Surfactants
- Lubricants and Lubricity Additives
- Biofuels
- Paper Sizing
- Rubber
- Other
By Source [Volume (kilotons) and $M shipment analysis for 2015 – 2026]:
- Living trees
- Dead pine stumps & logs
- By-products of sulphate pulping
By Process [Volume (kilotons) and $M shipment analysis for 2015 – 2026]:
- Kraft
- Tapping
By Region [Volume (kilotons) and $M shipment analysis for 2015 – 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Gum rosin will remain the largest product type segment due to growing demand in the adhesive and sealant and printing ink industries.
Paints and coatings will remain the largest application segment during the forecast period due to the growing use of safe and environment-friendly products and rising environmental concerns.
North America will remain the largest region during the forecast period due to growth in paint and coating and adhesive and sealant markets.
Some of the pine chemical companies profiled in this report include Kraton Corporation, Ingevity Corp., Harima Chemicals Group, Eastman Chemicals, DRT (Dérivés Résiniques et Terpéniques), Arakawa Chemical Industries, and Pine Chemical Group
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Features of Pine Chemicals Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global pine chemical market by product type (tall oil rosin (TOR), gum rosin, gum turpentine, tall oil fatty acid (TOFA), sterols, and others), application (adhesives and sealants, paints and coatings, printing inks, surfactants, lubricants and lubricity additives, biofuels, paper sizing, rubber, and other), source (living trees, dead pine stumps & logs, and by-products of sulphate pulping), process (kraft and tapping), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the pine chemical market? Q.5 What are the business risks and threats to the pine chemical market? Q.6 What are emerging trends in this pine chemical market and the reasons behind them? Q.7 What are some changing demands of customers in the pine chemical market? Q.8 What are the new developments in the pine chemical market? Which companies are leading these developments? Q.9 Who are the major players in the pine chemical market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the pine chemical market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the pine chemical market? |
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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