Select Language
According to the latest report by IMARC Group, titled " Pine Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global pine chemicals market reached a value of US$ 5.12 Billion in 2021. Pine chemicals are generally derived from pine trees of the Pinaceae family. Originating in the northern hemisphere, they are usually obtained from the distillation of carbonized pine woods, dead pine logs and sulfate pulping. Some of the common uses of pine chemicals include the preparation of food additives, manufacturing of paints, soaps and detergents, and production of vehicle tires. Apart from this, they are also used to manufacture rubber adhesives that aid in enhancing the strength, viscosity and elasticity of numerous products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Pine Chemicals Market Trends:
The global market is primarily driven by significant growth in the mining industry. Coupled with the increasing demand for pine chemicals for extracting minerals from ores, this is providing a boost to the market growth. Along with this, the rising utilization of gum turpentine and rosin in the manufacturing of various consumer electronics is creating a positive outlook for the market. Additionally, the increasing adoption of pine chemicals in the production of pesticides and disinfectants that help in destroying pests, bacteria, algae and mildew is positively influencing the market growth. Furthermore, the widespread utilization of gum rosin with bakelite as an insulation material for soaking electric loops is providing a boost to the market. Other factors, including the increasing product usage in drug manufacturing, continuous product innovations and extensive research and development (R&D) activities conducted by key players for introducing improved product variants, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.6 Billion, growing at a CAGR of 4.10% during 2022-2027.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com