“We have produced a new premium report Pine-Derived Chemicals Market. The report covers the analysis of global as well as regional markets of Pine-Derived Chemicals. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Pine-Derived Chemicals Market by application (adhesives & sealants, cosmetics additives, food additives, paints & coatings, paper& pulp, printing inks, rubber, surfactants), by source (sulfate pulping, dead pine logs & stumps), by type (CST, gum rosin, gum turpentine, pitch, sterols, fatty acid, tall oil rosin) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW. Global pine-derived chemicals market is expected to grow at a CAGR between 4.5% and 5% over the period of 2017 – 2023.
The report covers market changing dynamics including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Pine-Derived Chemicals Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Pine-Derived Chemicals Market are Arakawa Chemical Industries Ltd, Arizona Chemical Company LLC, DérivésRésiniques et Terpéniques,Eastman Chemical Company, Foreverest Resources Ltd, ForchemOy, 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.”
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Increasing Health Awareness among Consumers and Need For Improving Carbon Footprint in Various Industries Drive the Demand for Natural Raw Materials
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. 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.
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
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.
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. 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.