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Pine Derived Chemicals Market Size - By Product Type (Turpentine, Tall Oil Fatty Acid, Gum Rosin, Gum Turpentine, Pitch and Specialties), By Process (Kraft Process, Tapping Process), By End-use & Global Forecast, 2023 – 2032

  • Report ID: GMI6410
  • Published Date: Aug 2023
  • Report Format: PDF

Pine Derived Chemicals Industry Analysis

Pine Derived Chemicals Market size was valued at around USD 5.5 billion in 2022 and is estimated to reach USD 8.5 billion by 2032. Pine trees are abundant and renewable resources, making pine-derived chemicals an environmentally friendly alternative to petrochemicals.

Pine Derived Chemicals Market

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The increasing focus on sustainability and reducing dependence on fossil fuels drives the demand for bio-based chemicals like those derived from pine. Consumers and industries are showing an increasing interest in bio-based products due to their perceived environmental benefits. Pine-derived chemicals have a wide range of applications across industries such as adhesives, paints, coatings, flavors, fragrances, and lubricants. Their versatility makes them attractive to diverse end-users.

The availability of pine trees and the raw materials required for pine-derived chemicals can be affected by factors such as climate change, forest management practices, and natural disasters, leading to supply fluctuations. Pine-derived chemicals face competition from well-established petrochemicals. Extracting and purifying chemicals from pine trees can be a complex process, requiring specialized knowledge and technology.

COVID-19 Impact

Lockdowns and restrictions in response to the pandemic resulted in reduced industrial activity in various sectors. This slowdown could have led to a decreased demand for pine-derived chemicals in applications such as adhesives, paints, coatings, and fragrances.

Pine Derived Chemicals Market Trends

The industry has witnessed a rising demand for sustainable and bio-based products, including pine-derived chemicals. Consumers and industries are increasingly seeking environmentally friendly alternatives to traditional petrochemicals. Ongoing research and development efforts have led to advancements in extraction and processing technologies for pine-derived chemicals. These advancements have improved production efficiency and the quality of end products. Pine-derived chemicals are finding applications in various industries beyond traditional uses.

Pine Derived Chemicals Product Segmentation  

Pine Derived Chemicals Market Size, By Product Type, 2021 - 2032 (USD Billion)

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Based on product, the pine derived chemicals market is segmented as turpentine, tall oil fatty acid, gum rosin, gum turpentine, pitch and specialties, others. Turpine held a majority industry value of USD 0.9 billion in 2022. Turpentine oil and rosin are widely used in the adhesives and sealants industry as tackifiers and bonding agents. These chemicals find applications in paints and coatings as additives for improving adhesion and enhancing gloss and durability.

Pine Derived Chemicals Based on process Segmentation

Pine Derived Chemicals Market Revenue Share (%), By Form, (2022)

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Based on process, the pine derived chemicals market is segmented as kraft process and tapping process. Kraft process held a dominant industry share of around 60% in 2022. The Kraft process is primarily used in the pulp and paper industry to produce high-quality wood pulp, which is the main raw material for various paper and packaging products. The demand for pine-derived chemicals is closely tied to the growth and demand in the pulp and paper industry.

Pine Derived Chemicals Application Segmentation

Based on application the pine derived chemicals market is segmented as paints and coatings, adhesives and sealants, printing inks, rubber and tire, surfactants and detergents, pharmaceuticals, others. Paints and Coatings segment is anticipated to grow at 4.2% CAGR by 2032. Pine-derived resins and additives, such as tall oil fatty acids and rosin esters, are used in paints and coatings for improving adhesion, durability, and other performance properties.

Pine Derived Chemicals Regional Analysis

U.S. Pine Derived Chemicals Market Size, 2020- 2032 (USD Billion)

U.S. dominated the North American region with majority pine derived chemicals market share and a revenue of USD 1.2 billion in 2022. Pine-derived chemicals, such as rosin and tall oil derivatives, find extensive use in the adhesives and sealants industry in North America. These chemicals are essential components in adhesive formulations for construction, manufacturing, and consumer goods applications.

Pine Derived Chemicals Industry Leaders

Some of the major pine derived chemicals market players operating in the industry are Eastman Chemical Company, Kraton Corporation , WestRock Company, Arakawa Chemical Industries, Ltd., DRT (Dérivés Résiniques et Terpéniques), Forchem Oy, Ingevity Corporation, Georgia-Pacific Chemicals LLC, Harima Chemicals Group, Inc., International Flavors & Fragrances Inc. (IFF), Lawter Inc., MeadWestvaco Corporation, Mentha & Allied Products Private Ltd., Renessenz LLC, IFFCO Chemicals Limited among others.

Pine Derived Chemicals Industry News:

  • In February 2022, DCL Corporation (Canada), a color pigment and dispersion manufacturing company, announced a partnership with Chemiplas Australia Pty Ltd (Australia), this partnership will enable Chemiplas to become the sole distributor of DCL Corporation for Australia and New Zealand markets.

Pine derived chemicals market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Raw Material

  • Turpentine
  • Tall Oil Fatty Acid
  • Gum Rosin
  • Gum Turpentine
  • Pitch and Specialties
  • Others

By Product

  • Kraft Process
  • Tapping Process

By End-use

  • Paints and Coatings
  • Adhesives and Sealants
  • Printing Inks
  • Rubber and Tire
  • Surfactants and Detergents
  • Pharmaceuticals
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Pine derived chemicals industry recorded USD 5.5 billion in 2022 is estimated to register USD 8.5 billion by the end of 2032, due to increasing focus on sustainability and reducing dependence on fossil fuels worldwide.

The turpine segment of the industry recorded USD 0.9 USD in 2022, owing to the widespread use of turpine derived chemicals in the adhesives and sealants industry as tackifiers and bonding agents.

The kraft process segment held 60% share of the pine derived market revenue in 2022 and is expected to witness significant growth by 2032 due to growing demand for kraft process and increased production size in the pulp and paper industry.

U.S. industry recorded USD 1.2 billion in 2022 and will see significant growth through 2032, owing to the robust adhesives and sealants industries in the region.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 150
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