Materials & Chemicals Market Research News

Recent research: The market for pine-derived chemicals is projected to reach USD 5.27 billion by 2021, at a CAGR of 4.5%

Materials & Chemicals Research

The market for pine-derived chemicals is projected to reach USD 5.27 Billion by 2021, at a CAGR of 4.5% from 2016 to 2021. The pine-derived chemicals market is driven by increasing environmental concerns, growing industrialization, and focus on use of renewable resources & resource optimization, which has led to a large-scale adoption of pine-derived chemicals for various applications.

The report "Pine-Derived Chemicals Market by Type (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols, Others), by Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks), by Source, by Processes and Region - Global Forecast to 2021", The market for pine-derived chemicals is projected to reach USD 5.27 Billion by 2021, at a CAGR of 4.5%

Browse 96 market data tables and 44 figures spread through 148 pages and in-depth TOC on “Pine-Derived Chemicals Market by Type (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols, Others), by Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks), by Source, by Processes and Region - Global Forecast to 2021”

Download PDF brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=36161841

The report defines and segments the pine-derived chemicals market on the basis of type, application, source, process, and region, with analyses and projections of the market size of each of these segments in terms of value. The growing environmental concerns coupled with industrialization, the demand for environment-friendly and renewable raw materials, along with the reduction of carbon footprint are the factors driving the demand of pine-derived chemicals.

Paints & coatings application of the pine-derived chemicals market to grow at the highest CAGR during the forecast period

The paints & coatings segment has been estimated to lead the market in terms of value mainly due to the large quantity they are used in, growing industrialization, increasing environmental concerns, growing consumer’s awareness, safety attached to it, and producers’ inclination towards cost efficiency and profitability.

The other applications segment includes food additives, cosmetics additives, and seed coatings, which is also expected to grow at a high CAGR during the forecast period. The growth is attributed to the growing health awareness among consumers; increasing demand by food manufacturers as pine-derived chemicals improves functionality, along with the advancement in food technology and food processing.

Also, focus on increasing agricultural productivity is also responsible for increasing demand of pine-derived chemicals in food additives, cosmetics additives, & seed coatings industry.

Gum rosin: The most widely used type of pine-derived chemicals

The gum rosin segment accounted for the largest share in the pine-derived chemicals market in terms of value and is projected to grow at the highest CAGR from 2016 to 2021. The tall oil fatty acid segment is also projected to grow at a high CAGR.

Growing research & development, high functional benefits, and diverse applications in adhesives, paints & coatings, ink, rubber, paper, and gum-based candy, and lower production costs along with possibility of large-scale production are driving the demand for gum rosin.

Asia-Pacific is projected to be the fastest-growing region in the pine-derived chemicals market

The North America region was the largest market for pine-derived chemicals in 2015. The Asia-Pacific region is projected to be the fastest-growing market for pine-derived chemicals during the forecast period.

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

This report studies marketing and development strategies, along with the product portfolio of leading companies such as Eastman Chemical Company (U.S.), Renessenz LLC (U.S.), Harima Chemicals Group, Inc. (Japan), Arakawa Chemical Industries, Ltd. (Japan), and Ingevity 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).

Inquiry Report @ www.marketsandmarkets.com/Enquiry_…g.asp?id=36161841

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.