According to a market report by Lucintel, the future of the pine chemical market looks promising with opportunities in the paints and coatings, adhesives and sealants, printing inks, surfactants, lubricants and lubricity additives, biofuels, paper sizing, and rubber industries. The global pine chemical market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increasing demand of pine chemical in lubricants and mining and floatation chemicals, rising demand for environmental friendly products, and growing demand in the flavor and fragrance industry
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In this market, different types of pine chemicals, such as gum rosin, tall oil rosin (TOR), gum turpentine, tall oil fatty acid (TOFA), and sterols are used in a wide range of industries. Lucintel forecasts that gum rosin will remain the largest segment due to growing demand from adhesives and printing inks industries
Within the pine chemical market, paints and coatings will remain the largest application during the forecast period due to growing use of safe and environment friendly products and rising environmental concerns
North America will remain the largest region the forecast period due to growth in paint and coating and adhesive and sealants market.
Kraton Corporation, Ingevity Corp., Harima Chemicals Group, Eastman Chemicals, DRT (Dérivés Résiniques et Terpéniques), Arakawa Chemical Industries, and Pine Chemical Group are among the major pine chemical manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pine chemical market by product type, application, source, process, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Pine Chemicals Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast 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 2014 – 2025]:
Tall Oil Rosin (TOR)
Gum Rosin
Gum Turpentine
Tall Oil Fatty acid (TOFA)
Sterols
Others
By Application [Volume (kilotons) and $M shipment analysis for 2014 – 2025]:
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 2014 – 2025]:
Living trees
Dead pine stumps & logs
By-products of sulphate pulping
By Process [Volume (kilotons) and $M shipment analysis for 2014 – 2025]:
By Region [Volume (kilotons) and $M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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