Lucintel Forecasts Pine Chemical Market to Grow at a CAGR of 3% to 5% from 2021 to 2026

According to the recent study the pine chemical market is projected to grow at a CAGR of 3% to 5% from 2021 to 2026. Growth in this market is primarily driven by increasing demand for pine chemicals in lubricants and mining and floatation chemicals, rising demand for environmentally friendly products, and growing demand in the flavor and fragrance industry.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in pine chemical market by product type (tall oil rosin (TOR), gum rosin, gum turpentine, tall oil fatty acid (TOFA), sterols, and others), application (adhesives and sealants, paints and coatings, printing inks, surfactants, lubricants and lubricity additives, biofuels, paper sizing, rubber, and other), source (living trees, dead pine stumps & logs, and by-products of sulphate pulping), process (kraft and tapping), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Gum rosin market is expected to remain the largest segment during the forecast period.”

Based on product type, the pine chemical market is segmented into tall oil rosin (TOR), gum rosin, gum turpentine, tall oil fatty acid (TOFA), sterols, and others. Lucintel forecasts that the gum rosin market is expected to remain the largest segment due to growing demand in the adhesive and sealant and printing ink industries.

“Within the pine chemical market, the paints and coatings segment is expected to remain the largest application.”

Based on application the paints and coatings segment is expected to witness the highest growth over the forecast period due to the growing use of safe and environment-friendly products and rising environmental concerns.

“North America will dominate the pine chemical market in near future.”

North America will remain the largest region during the forecast period due to growth in paint and coating and adhesive and sealant markets.

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Major players of pine chemical market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kraton Corporation, Ingevity Corp., Harima Chemicals Group, Eastman Chemicals, DRT (Dérivés Résiniques et Terpéniques), Arakawa Chemical Industries, and Pine Chemical Group are among the major pine chemical providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pine-chemical-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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