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Pine Derived Chemicals Market By Type (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols), By Application (Paints And Coatings, Adhesives And Sealants, Surfactants, Printing Inks), By Source (Living Trees, Dead Pine Stumps And By Products Of Sulphate Pulping), By Processes (Kraft Process, Tapping) And By Region- Industry Analysis, Size, Share, Growth, Trends, And Forecast | 2022 to 2027

Published: January, 2022
ID: 7299
Pages: 175
Formats: report pdf report excel report power bi report ppt

Pine Derived Chemicals Market Size & Growth 2022-2027:

Pine-Derived Chemicals Market is expected to be valued at USD 5.9 billion in 2022 and is estimated to spread USD 6.12 billion by 2027, with a Compound annual growth of 4.10%

Pine-derived chemicals are renewable and naturally occurring materials derived from pine trees. Resins derived from pines were used for adhesion purposes in construction in the past. Pine tars and pitches are used for weatherproofing of wooden hulls and rigging of sailing and other vessels. Tall oil, turpentine, rosin and several fatty acids are other types of pine chemicals. Use of pine chemicals is essential in adhesives and sealants, paints and coatings, printing inks and other chemical additives which in turn are used in various fields such as cleaning products, printing and publishing, construction and in some other industries. These chemicals are derived from the carbonization of wood or distillation. Acidification, solvent extraction and fractional distillation are often used for refining and purifying various pine chemicals.

Pine Derived Chemical Market Trends:

Pine-derived chemicals are utilized in the manufacture of paints, adhesives, inks, flavours in soft drinks, and food, fragrances perfumes, in soaps and household cleaners, food additives, vitamins, and other applications. aside from these applications, chemical derived from pine is additionally utilized in the automobile industry for the manufacture of tires. Because of these wider applications, the demand for pine-derived chemicals is surging within the industry and is anticipated to extend within the coming years.

Pine Derived Chemicals Market Drivers:

Pine-Derived Chemicals The size of the market is primarily driven by growing demand for products in the adhesives, paints and coatings, construction and healthcare industries. Increased focus on natural and environmentally friendly products, resulting in low CO2 emissions. it can fuel the demand for products. Tall oil rosins have a positive field of application in the construction industry. The global construction market could exceed $ 10 billion by 2026. These products are used as binders in cement, pavement marking and other various applications due to their properties of durability, resistance to abrasion. compression and weather resistance. Rapid industrialization and population growth will increase the size of the construction industry and boost the size of the pine-derived chemicals market. High Oil Fatty Acids (TOFAs) may influence the market size of pine-derived chemicals due to their strong prospect of application in the paint and coatings industry. These products are used in alkyd formulations to control hardness and rate of cure. The global paints and coatings market could exceed $ 210 billion by 2026, with gains of more than 5%.

Derivatives of TOFA include alkyds, dimers , synthetic lubricants, and oilfield chemicals that can power the paint and coatings industry due to their air-drying properties and the stability of the oil. Color. The increased scope in the adhesives and sealants industry is expected to drive the size of the pine-derived chemicals market. Rubber based adhesives are used for hot melt applications that promote the adhesion of hot melt adhesives for flooring and packaging products. The printing ink market could see significant gains in the size of the pine chemicals market. Increasing opportunities in the packaging inks industry coupled with the adoption of environmentally friendly inks is expected to boost the size of the printing inks market. Printing ink resins are derived from renewable tall oil resin which are used to produce high quality resin. Modified rosin esters are produced to meet application requirements in different printing ink formulations for specific printing methods. The threading process due to the latest technology has dominated the market share of chemicals derived from pine. It is an inexpensive and quick process and the process does not damage the wood.

Pine Derived Chemicals Market Restraints:

Strict government rules and regulations, as well as price competition between various manufacturers of pine-derived chemicals, restrict the market.Turpentine is a fluid obtained from the distillation of resins collected during the extraction of pine trees. Turpentine is used to make high-quality furniture polish and also as a solvent for making varnish. Growing concern for the environment due to increased pollution from petroleum products and natural gas has resulted in a significant increase in the demand for environmentally friendly pine chemicals. The increased use of these products results in a reduction in carbon dioxide emissions and carbon footprint. Increased focus by various end-users on the adoption of environmentally friendly chemicals; This factor is expected to drive the market growth. Rising demand levels from the construction industry due to increasing levels of urbanization globally is also acting as a market driver.

Opportunities in the Pine Derived Chemicals Market:

The increasing use of pine-derived chemicals in the production of perfumes used in household soaps, cleaners and perfumes is expected to generate demand opportunities in the global pine-derived chemicals market in the coming years. The increasing use of pine-derived chemicals in the production of perfumes used in household soaps, cleaners and perfumes is expected to generate demand opportunities in the global pine-derived chemicals market in the years to come.

Challenges in the Pine Derived Chemicals Market:

Limited volume of pine available worldwide, resulting in limited availability of raw material; This factor is expected to hamper the growth of the market Presence of various strict regulations and compliance leading to fierce price competition for these products is expected to challenge the growth of the market

Recent Developments in the Pine Derived Chemicals Market:

  • In March 2018, Ingevity announced that it had completed the acquisition of the pine chemicals business of Georgia-Pacific for approximately $ 310 million. This acquisition will have a direct positive impact on Ingevity's revenues as they will benefit from better manufacturing processes, as well as lower logistics costs for product acquisition. This acquisition will also provide an important platform that can help generate more revenue for the organization.

  • In November 2016, Symrise AG announced that it had agreed with DRT to acquire Pinova Inc. for approximately $ 150 million. They also agreed to exchange information, experiences and supplies of raw materials to help establish a strategic and cooperative relationship. This acquisition will help expand DRT's production and manufacturing capabilities, helping it establish itself as the world leader in pine chemicals.




Market Size Available

2021 – 2026

Base Year


Forecast Period

2022- 2027



Segments Covered

By Type, By Application, By Source, By Process, By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Eastman Chemical Company, Harima Chemicals Group, Renessenz, MeadWestvaco Corporation, Arakawa Chemical Industries, DRT, Arizona Chemical Company, Georgia-Pacific Chemicals, Foreverest Resources, Mentha Allied Products.

Market Segmentation:

Pine Derived Chemicals Market By Type:

  • Tall Oil Fatty Acids

  • Tall Oil Rosin

  • Gum Turpentine

  • Gum Rosin

  • Pitch

  • Sterols

  • Others

The pine-derived chemicals market is classified on the premise of type into pitch, tall oil fatty acid, tall oil rosin, gum turpentine, sterols, and gum rosin. The gum rosin segment is projected to grow at the very best rate in terms useful, thanks to the increasing producers’ demand because it is commercially viable and due to its high benefits. for example, rosin has used a flux in soldering. The lead-tin solder employed in electronics has about 1% rosin as a flux core which helps in a very smooth flow of molten metal and making a good connection by decreasing the solid oxide layer formed at the surface back to metal. Also, the various applications of gum rosin in adhesives, paints and coatings, ink, rubber, paper, and gum-based candy fuels the demand for gum rosin within the pine-derived chemicals market. Also, the development of those downstream industries is further projected to boost the demand for gum rosin.

Pine Derived Chemicals Market By Application:

  • Paints and Coatings

  • Adhesives and Sealants

  • Surfactants

  • Printing Inks

In terms of application, the global pine-derived chemicals market has been segmented into paints and coatings, adhesives and sealants, surfactants, and printing inks. The paints and coatings segment accounted for a major share of the global market, in terms of both revenue and volume, in 2020. Use of paints and coatings makes products that are more durable, safer, attractive, and more saleable. The adhesives & sealants segment has contributed a major share of the global pine-derived chemicals market in 2020. The segment is predicted to expand greatly during the estimated period. Adhesives and sealants function alongside other components of the assembly to produce a durable product. The surfactant segment holds a major share of the global pine-derived chemicals market in. It's anticipated to expand at a substantial pace throughout the forecast period. Printing inks and surfactants segments contributed lower shares of the pine derived chemicals market. They're expected to expand at a sluggish pace during the forecast period.

By Source:

  • Living Trees Dead Pine Stumps

  • By products of sulphate pulping

By Process:

  • Kraft Process

  • Tapping

Tapping process leads the market in this segment due to the cost effectiveness and also this process does not damage the wood.

Regional Analysis:

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East and Africa

Because of the presence of several leading players, North America emerged dominant within the global pine-derived chemicals market. The region also has the appropriate climate for the pine cultivation. Operational benefits of pine-derived chemicals together with the rising industrialization and its wide spectrum of applications are factors driving demand for pine-derived chemicals. The factors driving the market in North America are the abundance of pine trees within the region and also the increasing demand from the U.S. Asia Pacific will also exhibit higher demand for pine-derived chemicals. Steps taken by the government to use environmentally friendly goods to cut back carbon footprints will aid the expansion of the pine-derived chemicals market within the region.

Impact Of COVID-19 Pandemic on Pine Derived Chemicals Market:

The workforce involved in food & beverage production is evaluated to run the chance of facilitating the outbreak of COVID-19, which might be transmitted during various coordination activities. there's also a possible risk that the virus will spread across mediums of drug products, raising food questions of safety as exchange occurs between geographies and various stages of the availability chain, leading to a shortage of labor.

Because of its frequent exposure to varied stakeholders within the sector, interaction with the potentially infected public, and communication with people suffering from coronavirus, the workforce at the company level is additionally at a high risk of being affected.

In addition, travel bans implemented by many countries are also restraining operations within the industry, impacting the supply of raw materials and workforce. The workforce absence is going to affect business plans and industrial food and beverage development. This in turn will restrain the expansion of pine derived chemicals market.

Pine Derived Chemicals Market Key Players:

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