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Pine-Derived Chemicals Market Size, Share, Growth, Trends, Industry Analysis, and Forecast (2022-2027)

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Pine-Derived Chemicals Market Size, Share, Growth, Trends, Industry Analysis, and Forecast (2022-2027)

August 11
22:30 2022
Pine-Derived Chemicals Market Size, Share, Growth, Trends, Industry Analysis, and Forecast (2022-2027)
MarketsandMarkets™
The Increasing demand for renewable resources and the application of pine-derived chemicals in the end-user industry to drive the pine-derived chemicals market.

According to MarketsandMarkets, the global pine-derived chemicals market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 6.8 billion by 2027, recording a CAGR of 4.5% in terms of value. Pine-derived chemicals such as rosin, fatty acids, turpentine, and other materials are obtained from pine trees. It is used in a large number of end-use industries such as adhesives & sealants, paints & coatings, surfactants, printing inks, and other application areas such as food additives and cosmetics and personal care industries. Desirable properties such as resistance to heat and oxidation in rosins make them an ideal raw material for inks, specialty adhesives, and coatings.

Pine-Derived Chemicals Market

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Pine-derived chemicals are of many types such as tall oil fatty acid, tall oil rosin, gum turpentine, gum rosin, sterols, pitch, and other types such as crude sulfate turpentine and its derivatives, alpha-pinene, and beta-pinene. For adhesives & sealants, pine-tannin based adhesives are particularly suited for industrial applications. The stickiness of rosins, which acts as an adhesion-enhancer when added to adhesives and sealants, makes it an ideal product for adhesives & sealants industries.

The Asia Pacific pine-derived chemicals market is projected to witness significant growth due to the presence of several players in the region. It is one of the major pine-derived chemicals producing regions. It is driven by the robust growth of the adhesives & sealants, cosmetics, and paints & coatings industries, which has supported the industry to gain acceleration in this market.

Among various sources of pine-derived chemicals, by-products of sulfate pumping segment accounted for the major market share in the overall pine-derived chemicals market. New modifications are made to improve this process by using advanced technologies and techniques, which is projected to further drive the growth of the segment.

Based on the process, the tapping process is projected to be the largest and fastest-growing segment during the forecast period. The main products derived through tapping are gum rosin and gum turpentine which drive the demand for this process. Due to the growing demand from various end-use industries across the borders, the processes for extraction and conversion of pine-derived chemicals is growing at a steady pace over the years.

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Among various product types, the gum rosin segment accounted for the major market share. Gum rosin is obtained from oleoresin, which is obtained from the tapping process. Fresh oleoresin is heated to vaporize the volatile liquid terpene components. Gum rosin is a solid natural organic compound consisting of resins and reacts when dissolved in many organic solvents. Gum rosin has high demand in adhesives, paints & coatings, printing inks, rubbers, soaps, electronics, and food industries.Among various applications, the paints & coatings segment accounted for the major market share in the overall pine-derived chemicals market. Pine-derived chemicals such as pine oil, turpentine oil, rosin, and tall oil fatty acids are used in the paints & coatings for increasing the adhesion and working as a permanent protective coating.

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