The pine-derived chemicals market has grown rapidly in the last few years and is projected to reach a value of USD 5.27 billion by 2021, at a CAGR of 4.5% from 2016 to 2021.
The primary factors driving the pine-derived chemicals market is the increasing demand of pine-derived chemicals in diverse industries including adhesives & sealants, paints & coatings, surfactants, printing inks, and others industries which include food additives, cosmetics additives, and seed coatings due to economic efficiency and ecological benefits.
On the basis of application, the pine-derived chemicals market is segmented into adhesives & sealants, paints & coatings, surfactants, printing inks, and others industries which include food additives, cosmetics additives, and seed coatings. Paints & coatings dominated the pine-derived chemicals market and is projected to grow at higher CAGR from 2016 to 2021, as it is cost-effective and safe to use. The changing lifestyles; increases usage of safe and eco-friendly products, especially in urban areas; and growing environmental concerns are driving the market for pine-derived chemicals in the paints & coatings industry.
North America dominated the global pine-derived chemicals market in 2015. The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, abundance of human capital along with government support to promote the use of renewable resources, and increased opportunities in developing countries make a way for profitable returns.
- Arakawa Chemical Industries, Ltd.
- Arizona Chemical Company, LLC
- DRT (Dérivés Résiniques ET Terpéniques)
- Eastman Chemical Company
- Foreverest Resources Ltd.
- Georgia-Pacific Chemicals LLC.
- Harima Chemicals Group Inc.
- Meadwestvaco Corporation
- Mentha & Allied Products Pvt. Ltd.
- Renessenz LLC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pine-Derived Chemicals Market, By Type
8 Pine-Derived Chemicals Market, By Application
9 Pine-Derived Chemicals Market, By Source
10 Pine-Derived Chemicals Market, By Process
11 Pine-Derived Chemicals Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mv694m/pinederived
Related Topics: Chemicals
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