Dublin, Feb. 18, 2025 (GLOBE NEWSWIRE) — The “Pine-Derived Chemicals – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Pine-Derived Chemicals was valued at USD 6.4 Billion in 2024 and is projected to reach USD 8.2 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers and forecasts.
What Are the Current Trends in Pine-Derived Chemical Research and Applications?
The field of pine-derived chemicals is witnessing several emerging trends driven by technological advancements and sustainability goals. One significant trend is the increasing focus on bio-based and renewable chemicals as industries seek to reduce their carbon footprint and reliance on petrochemicals. Advances in biotechnology and green chemistry are enabling more efficient extraction and conversion processes, yielding higher purity products and reducing environmental impact. Another trend is the exploration of new applications for pine chemicals in emerging markets such as biofuels and bioplastics.
Researchers are investigating the potential of converting turpentine and other pine derivatives into sustainable fuels and biodegradable materials. There is also a growing interest in enhancing the performance characteristics of pine-derived chemicals through chemical modifications and the development of new derivatives. These innovations are expanding the utility and market potential of pine-derived chemicals, positioning them as key components in the transition towards a more sustainable and circular economy.
What Factors Are Driving the Growth in the Pine-Derived Chemicals Market?
The growth in the pine-derived chemicals market is driven by several factors, reflecting the increasing demand for sustainable and versatile chemical solutions. The rise of environmental awareness and the push for greener alternatives are major drivers, as industries seek to replace synthetic chemicals with bio-based counterparts. Technological advancements in extraction and processing methods are enhancing the efficiency and sustainability of pine chemical production, making them more competitive with traditional petrochemicals.
The expanding applications of pine-derived chemicals in various industries, such as pharmaceuticals, adhesives, and fragrances, are also contributing to market growth. Additionally, the increasing use of pine chemicals in emerging sectors like biofuels and bioplastics is opening new avenues for market expansion. The supportive regulatory environment and incentives for sustainable practices further bolster the adoption of pine-derived chemicals. Collectively, these factors are fostering robust growth in the pine-derived chemicals market, underscoring their critical role in advancing sustainable industrial practices and innovation.
Report Scope
The report analyzes the Pine-Derived Chemicals market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
- Type (Gum Rosin, TOFA, Gum Turpentine, TOR, Other Types)
- Process (Tapping Process, Kraft Process)
- Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks, Other Applications)
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Gum Rosin segment, which is expected to reach $2.6 Billion by 2030 with a CAGR of a 5.3%. The TOFA segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $1.7 Billion in 2024, and China, forecasted to grow at an impressive 3.9% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Arakawa Chemical Industries Ltd., Arizona Chemical Company, DRT, Eastman Chemical Company, Foreverest Resources Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Pine-Derived Chemicals Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 44 major companies featured in this Pine-Derived Chemicals market report include:
- Arakawa Chemical Industries
- Arizona Chemical Company
- DRT
- Eastman Chemical Company
- Foreverest Resources
- Georgia-Pacific Chemicals
- Harima Chemicals
- Ingevity
- Mentha & Allied Products
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 236 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $6.4 Billion |
| Forecasted Market Value (USD) by 2030 | $8.2 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Pine-Derived Chemicals – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Rising Demand for Bio-Based Chemicals Propels Market Growth
- Advances in Extraction and Processing Technologies Drives Adoption
- Increasing Use in Adhesives and Sealants Expands Market Opportunities
- Growing Applications in Personal Care and Cosmetics Strengthens Business Case
- Development of Sustainable and Eco-Friendly Products Spurs Market Expansion
- Expansion of the Fragrance and Flavors Industry Generates Demand for Pine-Derived Chemicals
- Rising Awareness of Environmental Benefits Accelerates Market Growth
- Enhanced Performance and Quality of Pine-Derived Products Sustains Market Demand
- Rising Investments in R&D Activities Expands Addressable Market
- Technological Innovations in Pine Chemical Derivatives Strengthens Market Position
- Development of Pine-Based Resins for Industrial Applications Generates Market Opportunities
- Growth in the Packaging Industry Propels Market Growth
- Increasing Demand for Natural and Organic Ingredients Sustains Market Expansion
FOCUS ON SELECT PLAYERS
- Arakawa Chemical Industries Ltd.
- Arizona Chemical Company
- DRT
- Eastman Chemical Company
- Foreverest Resources Ltd.
- Georgia-Pacific Chemicals LLC
- Harima Chemicals, Inc.
- Ingevity
- Mentha & Allied Products Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/pvz0u7
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