“Pine-Derived Chemicals Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pine-derived chemicals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for pine-derived chemicals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pine-derived chemicals market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Tall Oil Fatty Acid; Tall Oil Rosin; Gum Turpentine; Gum Rosin; Sterols; Pitch; Other Types
- 2) By Process: Kraft; Tapping; Pulpmills
- 3) By Source: Living Trees; Dead Pine Stumps and Logs; By-Product Of Sulfate Pulping
- 4) By Application: Adhesives and Sealants; Paints and Coatings; Surfactants; Printing Inks; Perfumes, Fragrances, and Cosmetics; Food Additives; Other Applications
- Companies Mentioned: Eastman Chemical Company; Ingevity Corporation; Florachem Corporation; Harima Chemicals Group Inc; L'entreprise francaise DRT
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the pine-derived chemicals market are: Eastman Chemical Company, Ingevity Corporation, Florachem Corporation, Harima Chemicals Group Inc., L'entreprise francaise DRT, Georgia-Pacific Chemicals LLC, Swati Menthol & Allied Chemicals ltd, Privi Speciality Chemicals Limited, Arboris LLC, PineChemical Group Oy, SunPine AB, Lawter, Safeguard Chemical Corporation, and Arakawa Chemical Industries Ltd.
The global pine-derived chemicals market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pine-derived chemicals market is expected to grow to $6.87 billion in 2027 at a CAGR of 5.6%.
The pine-derived chemicals market consists of sales of crude sulfate turpentine sterols and stumps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
North America was the largest region in the pine-derived chemicals market in 2022. Europe was second larget region in the pine-derived chemicals market. The regions covered in the pine-derived chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of pine-derived chemicals are tall oil fatty acid, tall oil rosin, gum turpentine, gum rosin, sterols, pitch, and others. Tall oil fatty acid refers to a type of pine chemical which is a low-cost, viscous, yellow-black, odorous chemical substance produced by the vacuum distillation of crude tall oil. The process involved is kraft, tapping, and pulpmills that are optioned by living trees, dead pine stumps, and logs sources. The various applications involved are adhesives and sealants, paints and coatings, surfactants, printing inks, perfumes, fragrances, and cosmetics, food additives, others.
Growing environmental concerns are expected to propel the pine-derived chemicals market going forward. Environmental concerns refer to processes involved in preserving the land, sea, air, plants, and animals that make up the natural world. Growing environmental concerns have resulted in the increasing use of plant-based pine chemicals instead of traditional chemical synthesis methods, as synthetic chemicals cause environmental pollution. For instance, according to environmental awareness study conducted in Germany by Umweltbundesamt (UBA), a Germany-based central environmental protection and safety authority, in 2020, 19% of the representative were actively involved in environmental protection and nature conservation. Therefore, growing environmental concerns are driving the growth of the pine-derived chemicals market.
Technological advancements are a key trend gaining popularity in the pine-derived chemicals market. Major players are concentrating their efforts on creating innovative technologies to sustain their position in the pine-derived chemicals market. For instance, in May 2020, Kraton Corporation, a US-based manufacturing company specializing in the production of polymers derived from pine wood, launched REVOLUTION rosin ester technology. This technology facilitates the creation of oxidation-resistant, light-colored bio based goods and provides a significant step-change for producers seeking to produce hot-melt formulations with stable colors and high bio-based content. In order to create sustainable materials, Kraton uses cutting-edge technologies, such as Sylvalite 2100 Rosin Ester Tackifier and Sylvalite 9100 Rosin Ester Tackifier. According to claims, Kraton bio-based tackifiers function better on a variety of substrates and are hence the preferred chemical for hot-melt systems. The bio-based tackifiers have a variety of uses, including flooring adhesives, labels, and packaging. The new product line has been created to offer a thorough approach to the circular economy and the life cycle of plastic products. Kraton produces bio-based goods and specialized polymers from waste materials left behind after pulping pine wood.
In March 2022, DL Chemical Co. Ltd., a South Korea-based company specializing in the manufacturing of adhesives and sealants acquired Kraton Corporation for $2.5 billion. Through this acquisition, DL Chemical increases its manufacturing capability, product portfolio of pine-derived chemicals and other related products, and product reach into the Asia-Pacific. Kraton Corporation is a US-based manufacturing company specializing in the production of polymers and other bio-based products and chemicals derived from pine.
The countries covered in the pine-derived chemicals market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The pine-derived chemicals market research report is one of a series of new reports from The Business Research Company that provides pine-derived chemicals market statistics, including pine-derived chemicals industry global market size, regional shares, competitors with pine-derived chemicals market share, detailed pine-derived chemicals market segments, market trends, and opportunities, and any further data you may need to thrive in the pine-derived chemicals industry. This pine-derived chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Pine-Derived Chemicals Market Characteristics
3. Pine-Derived Chemicals Market Trends And Strategies
4. Pine-Derived Chemicals Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Pine-Derived Chemicals Market
- 4.2. Ukraine-Russia War Impact On Pine-Derived Chemicals Market
- 4.3. Impact Of High Inflation On Pine-Derived Chemicals Market
5. Pine-Derived Chemicals Market Size And Growth
- 5.1. Global Pine-Derived Chemicals Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Pine-Derived Chemicals Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Pine-Derived Chemicals Market Segmentation
- 6.1. Global Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Tall Oil Fatty Acid
- Tall Oil Rosin
- Gum Turpentine
- Gum Rosin
- Sterols
- Pitch
- Other Types
- 6.2. Global Pine-Derived Chemicals Market, Segmentation By Process, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Kraft
- Tapping
- Pulpmills
- 6.3. Global Pine-Derived Chemicals Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Living Trees
- Dead Pine Stumps and Logs
- By-Product Of Sulfate Pulping
- 6.4. Global Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Adhesives and Sealants
- Paints and Coatings
- Surfactants
- Printing Inks
- Perfumes, Fragrances, and Cosmetics
- Food Additives
- Other Applications
7. Pine-Derived Chemicals Market Regional And Country Analysis
- 7.1. Global Pine-Derived Chemicals Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Pine-Derived Chemicals Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Pine-Derived Chemicals Market
- 8.1. Asia-Pacific Pine-Derived Chemicals Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Pine-Derived Chemicals Market
- 9.1. China Pine-Derived Chemicals Market Overview
- 9.2. China Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Pine-Derived Chemicals Market
- 10.1. India Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Pine-Derived Chemicals Market
- 11.1. Japan Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Pine-Derived Chemicals Market
- 12.1. Australia Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Pine-Derived Chemicals Market
- 13.1. Indonesia Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Pine-Derived Chemicals Market
- 14.1. South Korea Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Pine-Derived Chemicals Market
- 15.1. Western Europe Pine-Derived Chemicals Market Overview
- 15.2. Western Europe Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Pine-Derived Chemicals Market
- 16.1. UK Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Pine-Derived Chemicals Market
- 17.1. Germany Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Pine-Derived Chemicals Market
- 18.4. France Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Pine-Derived Chemicals Market
- 19.1. Eastern Europe Pine-Derived Chemicals Market Overview
- 19.2. Eastern Europe Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Pine-Derived Chemicals Market
- 20.1. Russia Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Pine-Derived Chemicals Market
- 21.1. North America Pine-Derived Chemicals Market Overview
- 21.2. North America Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Pine-Derived Chemicals Market
- 22.1. USA Pine-Derived Chemicals Market Overview
- 22.2. USA Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Pine-Derived Chemicals Market
- 23.1. South America Pine-Derived Chemicals Market Overview
- 23.2. South America Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Pine-Derived Chemicals Market
- 24.1. Brazil Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Pine-Derived Chemicals Market
- 25.1. Middle East Pine-Derived Chemicals Market Overview
- 25.2. Middle East Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Pine-Derived Chemicals Market
- 26.1. Africa Pine-Derived Chemicals Market Overview
- 26.2. Africa Pine-Derived Chemicals Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Pine-Derived Chemicals Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Pine-Derived Chemicals Market Competitive Landscape And Company Profiles
- 27.1. Pine-Derived Chemicals Market Competitive Landscape
- 27.2. Pine-Derived Chemicals Market Company Profiles
- 27.2.1. Eastman Chemical Company
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Ingevity Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Florachem Corporation
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Harima Chemicals Group Inc
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. L'entreprise francaise DRT
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Pine-Derived Chemicals Market
29. Pine-Derived Chemicals Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer