Global Pine Derived Chemicals Market (Automobiles & Vehicles - Auto Loan)

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Global Pine Derived Chemicals Market

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Global Pine Derived Chemicals Market was valued US$ 4.95 Bn and is expected to reach US$ XX Bn by 2026 at a CAGR of XX %.

Global Pine Derived Chemicals Market

Rising utilities in the adhesives, printing inks, soaps and detergents, plasticizers, resins, surface coatings, fragrance chemicals and the others are factors driving the global pine-derived chemicals market. Growing industrialization, the demand for environment-friendly and renewable raw materials are the factors driving the demand of pine-derived chemicals. Limited availability is poses a challenge to the growth of the global pine derived chemical market during the forecast period.

Gum rosin segment is leading in the pine-derived chemicals market. Tall oil segment is projected to exhibit growth at high CAGR. Growing R&D activities, high functional benefits, and multiple applications in adhesives, paints & coatings, ink, rubber, paper, and gum-based candy, and lower synthesis costs along with possibility of large-scale production.

Paints & coatings is dominating segment attributed to the large use in, growing industrialization, increasing environmental concerns, growing consumer’s awareness, safety attached to it, and producers’ inclination towards cost efficiency and profitability. Food additives, cosmetics additives, and seed coatings is also foreseen to gain growth at moderate CAGR.

The Asia-Pacific region is estimated to be the fastest-growing market for pine-derived chemicals during the forecast period. . Asia Pacific market is driven by increasing urbanization, growing disposable income, and advancements in technology. China dominated the Asia-Pacific pine-derived chemicals market owing to the rapidly growing industrialization and investments in research and development.

Renessenz, Harima Chemicals Group, Inc., Arakawa Chemical Industries, Ltd., and Ingevity Corporation, Arizona Chemical Company, DRT (Dérivés Résiniques et Terpéniques), Georgia-Pacific Chemicals, Eastman Chemical Company, Mentha & Allied Products Pvt. Ltd, and Foreverest Resources Ltd. are major players involved in the global pine-derived chemicals market.

Target Nation: All Nations
Target City : pune
Last Update : 07 September 2020 6:35 AM
Number of Views: 92
Item  Owner  : aarti
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Contact Phone: 07447481605

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2021-04-18 (0.392 sec)