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Pine Derived Chemicals Market Share

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

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Pine Derived Chemicals Market Share

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

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.