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Pine Derived Chemicals Market Trends

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

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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.

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.