Pine-Derived Chemicals Market by Type (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols, Others), Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks), Source, Processes, and by Region - Global Forecast to 2021
“Pine-derived chemicals market is projected to grow at a CAGR of 4.5% in terms of value”
This report analyzes the pine-derived chemicals market, in terms of type, application, source, technology, and region. The pine-derived chemicals market has grown rapidly in the last few years and is projected to reach a value of USD 5.27 billion by 2021, at a CAGR of 4.5% from 2016 to 2021. The primary factors driving the pine-derived chemicals market is the increasing demand of pine-derived chemicals in diverse industries including adhesives & sealants, paints & coatings, surfactants, printing inks, and others industries which include food additives, cosmetics additives, and seed coatings due to economic efficiency and ecological benefits.
“Paints & coatings application is growing at higher CAGR in the pine-derived chemicals market”
On the basis of application, the pine-derived chemicals market is segmented into adhesives & sealants, paints & coatings, surfactants, printing inks, and others industries which include food additives, cosmetics additives, and seed coatings. Paints & coatings dominated the pine-derived chemicals market and is projected to grow at higher CAGR from 2016 to 2021, as it is cost-effective and safe to use. The changing lifestyles; increases usage of safe and eco-friendly products, especially in urban areas; and growing environmental concerns are driving the market for pine-derived chemicals in the paints & coatings industry.
“China and India: The future of the pine-derived chemicals industry”
North America dominated the global pine-derived chemicals market in 2015. The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, abundance of human capital along with government support to promote the use of renewable resources, and increased opportunities in developing countries make a way for profitable returns.
Break-up of Primaries:
By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%
By Designation: C level – 28%, Director level –22%, and *Others – 50%
By Region: North America -35%, Europe -20%, – 25%, Asia-Pacific -20%,Latin America – 15% and RoW -10%
The leading players in the pine-derived chemicals market are Eastman Chemical Company (U.S.), Renessenz LLC (U.S.), Harima Chemicals Group, Inc. (Japan), Arakawa Chemical Industries, Ltd. (Japan), and MeadWestvaco Corporation (U.S.). Other players include Arizona Chemical Company, LLC (U.S.), DRT (Dérivés Résiniques et Terpéniques) (France), Georgia-Pacific Chemicals LLC. (U.S.), Mentha & Allied Products Pvt. Ltd. (India), and Foreverest Resources Ltd. (China), which also have a strong presence in the global pine-derived chemicals market.
Reasons to buy this report:
To get a comprehensive overview of the global pine-derived chemicals market
To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
To gain insights into the major countries/regions in which the demand for pine-derived chemicals is flourishing
To understand the trends involved in the pine-derived chemicals market
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