Pine Derived Chemicals Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Pine Derived Chemicals Market Size accounted for USD 5.4 Billion in 2021 and is projected to occupy a market size of USD 8.1 Billion by 2030 growing at a CAGR of 4.7% from 2022 to 2030.

Pine-derived chemicals are a major commercial byproduct of pine trees, and they are used to make surfactants, paints and coatings, adhesives and sealants, and printing inks. Increased demand for pine as a source of pine-derived chemicals to meet the needs of the chemical, food and beverage, and pharmaceutical industries. It is worth noting that pine-derived chemicals have been used in biorefineries.

Pine Derived Chemicals Market Report Statistics

• Global pine-derived chemicals market revenue is estimated to reach USD 8.1 Billion by 2030 with a CAGR of 4.7% from 2022 to 2030
• Asia-Pacific pine derived chemicals market share generated over 33% shares in 2021
• Asia-Pacific pine-derived chemicals market growth will record noteworthy CAGR from 2022 to 2030
• Based on type, gum rosin recorded over 40% of the overall market share in 2021
• Among application, paints & coatings sector generated shares of over 35% in 2021
• During COVID-19, the production of pine derived chemicals plunged by 50% including TOFA, rosin, TOR, and turpentine
• Increasing adoption of pine chemicals in mining industry is a popular pine derived chemicals market trend that fuels the industry demand

Global Pine-Derived Chemicals Market Dynamics

Market Drivers

• Growing adoption of environmentally-products
• Significant demand in Asia-Pacific construction industry
• Surge in application of these chemicals in numerous industries
• Rising significance of kraft process

Market Restraints

• Strict guidelines imposed by regulatory bodies
• Limited availability of pine trees

Market Opportunities

• Growing trend for the usage of biodegradable products
• Noteworthy opportunities from emerging nations

Pine Derived Chemicals Market Report Coverage

Pine Derived Chemicals Market Growth Factors

Pine chemicals are a group of inexhaustible, normally happening materials got from the pine tree (variety Pinus). These chemicals are inferred through the distillation of oleoresin or carbonization of wood. A dominant part of refined products are produced using stumps, gum, logs, and sulfate mash results. Amid the paper making procedure, chemical substances from pine tree are recouped as co-results of the pulping procedure as rough tall oil (CTO) and unrefined sulfate turpentine (CST). Oleoresin can likewise be recuperated from pine trees. It is isolated into and gum turpentines (GT) and gum rosin (GR).

Pine Derived Chemicals Market Segmentation

The global pine derived chemicals market is segmented based on type, application, process, and geography.

Pine Derived Chemicals Market By Type

• Tall Oil Fatty Acids (TOFA)
• Tall Oil Rosin (TOR)
• Gum Turpentine (GT)
• Gum Rosin (GR)
• Sterols
• Others (Including Pitch, Crude Sulfate Turpentine [CST], Distilled Tall Oil [DTO], Wood Rosin, and Wood Turpentine)

On the basis of type, the worldwide pine-derived chemical substances market has been sectioned into oil fatty acids, tall oil rosin, gum rosin, gum turpentine, pitch, sterols, and others. The gum rosin portion held a main offer of the worldwide market, as far as both esteem and volume, in 2021. The section is evaluated to extend at a significant pace amid the estimate time frame. Gum rosin is utilized in printing inks, photocopying and laser printing paper, varnishes, cements, cleanser, soft drink, binding transitions, and fixing wax just as in paper estimating. Tall oil rosin (TOR) is another noteworthy section of the worldwide pine-derived chemical substances market. It is evaluated to grow at a quick pace amid the estimate time frame.

TORs are unmodified so as to give a financially savvy and adaptable beginning stage for a few end-use applications and client explicit procedures. Tall oil unsaturated fats are another critical fragment of the market. These acids are utilized in the production of dimer acids, alkyd tars, oilfield chemical substances, metalworking liquids, fluid cleaners, material chemical concoctions, fuel added substances, development chemicals, metallic stabilizers, and greasy subordinates. Gum turpentine and gum rosin sections are anticipated to extend at a critical development rate amid the coming years. The sterols fragment held a moderately minor offer of the worldwide market in 2021.

Pine Derived Chemicals Market By Application

• Surfactants
• Paints & Coatings
• Adhesives & Sealants
• Printing Inks
• Others (Food Additives, Cosmetics, and Seed Coatings)

According to the pine derived chemicals market forecast, paints and coatings application captured a sizable market share from 2022 to 2030. In terms of growth, the adhesives and sealants sub-segment will experience a significant compound annual growth rate (CAGR) in the coming years. Adhesives and sealants are versatile products derived from pine trees. The Kraft Process and construction industries are the two largest users of adhesives and sealants. Rosin's natural stickiness makes it an excellent adhesion enhancer when incorporated to adhesives.

Pine Derived Chemicals Market By Process

• Kraft Process
• Tapping Process

According to the pine derived chemicals industry analysis, the tapping process occupied a notable market share in 2021 and is likely to continue its trend in the coming years. Tapping is used to obtain pine oleoresin or gum from living pine trees. Tapping is a repeated wounding process of the tree trunk that removes the bark and tissues underneath the it, followed (or not) by the application of a chemical stimulant.

Pine Derived Chemicals Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Pine Derived Chemicals Market Regional Analysis

In view of region, the worldwide pine-derived chemical substances market has been ordered into North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America. As far as both esteem and volume, Asia-Pacific was a main area of the worldwide pine-derived chemicals market in 2021. The district is assessed to proceed with its strength all through the gauge time frame. The market in the area is foreseen to extend at a quick pace amid the figure time frame, because of increment in urbanization, development in the disposable income of customers, and headways in innovation.

Pine Derived Chemicals Market Players

Significant players operating in the global pine derived chemicals market are Florachem, Eastman Chemical Company, Wuzhou Sun Shine Forestry and Chemicals Co. Ltd., Harima Chemicals Group, Inc., Guilin Songquan Forest Chemical, Arakawa Chemical Industries, Ltd., Foreverest Resources Ltd., Kraton Corporation, Ingevity Corporation, and ForchemOyj.