Published Date: August, 2017
Global pine-derived chemicals market is expected to grow at a CAGR between 4.5% and 5% over the period of 2017 – 2023. Pine derived chemicals are bio-based renewable chemicals extracted from pine trees, by wood carbonization or oleoresin distillation processes. Charcoal, creosote, essential oils, methanol, medicinals, phenol, tannin and some other products are obtained by wood carbonization process. Chipping or Kraft pulping process is utilized for extracting the discharged oleoresin from pine trees. For distillation process gums, logs, stumps and byproducts of sulphate pulp are used. Gum rosin, wood rosin, gum turpentine, crude tall oil and some other products are obtained by that process. Pine derived chemicals find applications in various industries for the manufacturing of adhesives, asphalt, cement, coatings, concrete, detergents, fragrances, food additives, detergents, disinfectants, paints, paper, printing inks,rubber products, soaps, vitamins and some others. Pine derived chemicals have good prospects as bio-based alternative for some of the petroleum based chemicals, due to the government regulations that restrict the use of conventional chemicals, which harm the nature and people.
Figure 1: Global Pine Derived Chemicals Market by Value 2015 - 2023
Mergers and acquisitions, technological partnerships, joint-ventures and heavy investments in research and development, to tap the potential of pine derived chemicals, as an eco-friendly alternative to conventional chemicals , characterizes the global pine derived chemicals market. Increasing health awareness among consumers and need for improving carbon footprint in various industries drive the demand for natural raw materials. As bio-based natural chemicals, with less emission of harmful gases, pine derived chemicals generate more demand, as an alternative for petroleum based chemicals. The stringent governmental regulations regarding the use of chemicals with toxic emission is prompting many industries to adopt eco-friendly pine derived chemicals and it is driving the growth of the global pine derived chemicals. Increasing cultivation of pine trees in major regions drives the demand for pine derived chemicals in sectors such as food, cosmetic and seed additives, due to the increasing preference for natural chemicals. Low manufacturing cost, innovations and advanced technologies drive the demand for tall oil fatty acids, as it has wider applications in industrial sectors such as adhesives, ink, paper, rubber, paint and coatings and some others. Paint and coatings segment is having a dominant market share in the pine derived chemicals market, due to the changing lifestyles, preference for eco-friendly products and stringent environmental regulations. Gum rosin segment is anticipated to attain the highest growth in terms of CAGR in the global pine derived chemicals market during the forecast period 2017-2023.
Pine trees grow in specific regions with favourable environmental conditions only, hence the industry relies heavily on those regions for supply, and it is a restraint for the global pine derived chemicals market. Limited availability of pine trees is also a major challenge for the major players in the global pine derived chemicals market, as they have to keep optimum stock levels to meet their production demands. However, the increasing demand for natural ingredients and bio-based chemicals is expected to provide huge opportunities for the major players, to expand their production capacities, during the forecast period.
The report covers the analysis of global as well as regional markets of pine-derived chemicals market. Moreover, the global pine derived chemicals market is segmented by application, by source and by type. The global pine derived chemicals market by application covers adhesives & sealants, cosmetics additives, food additives, paints & coatings, paper& pulp, printing inks, rubber, surfactants and some others. On the basis of source, the market is segmented as byproducts of sulfate pulping, dead pine logs & stumps and living pine trees and logs & stumps of dead pine trees. Based on type, the market is segmented as derivatives of CST, gum rosin, gum turpentine, pitch, sterols, tall oil fatty acid, tall oil rosin and some others.
The global fruit concentrates market covers the analysis of geographies such as North America, Europe, Asia-Pacific and RoW. In this section, the key trends and market size for each region is provided over the period of 2017 – 2023.
Figure 2: Global Pine Derived Chemicals Market by Region
Among geographies, North America is the largest pine derived chemicals market. Asia-Pacific region is the second largest market and it is anticipated to be the fastest growing market in terms of CAGR during the forecast period 2017-2023. USA is the largest producer of pine derived chemicals, due to the presence of large number of pine trees and major manufacturing countries. Increasing demand for the environmental friendly chemicals drives the growth of the North American pine derived chemicals market. Adoption of advanced technologies, rapid urbanization and the increasing disposable income among the population in the region drives the growth of Asia-pacific pine derived chemicals market. Moreover, the polices of various governments for promoting use of environmental friendly products and the increasing demand for bio-based chemicals in China, Japan, India and other major countries in the region drives the growth of the market. European union regulations that promote use of bio-based chemicals , increasing demand for environmental friendly products in European countries such as France, Germany, Italy, United Kingdom and some others drive the growth of the European pine derived chemicals market.
The companies covered in the report include manufacturers of global pine-derived chemicals market include Arakawa Chemical Industries Ltd, Arizona Chemical Company LLC, Dérivés Résiniques et Terpéniques,Eastman Chemical Company, Foreverest Resources Ltd, Forchem Oy, Guilin Songquan Forest Chemical Co. Ltd, Harima Chemicals Group, Ingevity Corp, Mentha and Allied Products Pvt Ltd, and Wuzhou Sunshine Forestry and Chemicals Co.Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of pine derived chemicals globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023.
We also have highlighted future trends in the pine derived chemicals market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the pine derived chemicals market to understand the present and future trends in this market and formulate their strategies accordingly.
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