Global Pine-Derived Chemicals Market Overview 2025, Forecast To 2034
5 Mar, 2025
What Is The Current and Historic Market Size Analysis Of The Pine-Derived Chemicals Market?
The pine-derived chemicals market has seen considerable growth due to a variety of factors.
• The market size of chemicals derived from pine has been on a robust growth trajectory in the past few years. It is estimated to increase from $5.76 billion in 2024 to $6.1 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Factors that contributed to this uptick during the historical period include the use of renewable and sustainable raw materials, broader industrial applications, increasing environmental regulations, a move towards green chemistry, breakthroughs in extraction and processing techniques, the growth of a biomass-based economy, and their prevalent use in cleaning and surfactants.
What Are The Predictions for The Pine-Derived Chemicals Market Size?
The Pine-Derived Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of pine-derived chemicals is anticipated to witness robust growth, reaching $7.84 billion by 2029 with a 6.5%.
compound annual growth rate (CAGR). This growth during the forecast period can be associated with the expansion of the pine-derived biochemicals market, heightened usage in agriculture, rising demand for pine oil, advancements in pine resin applications, and global acceptance of pine-derived terpenes. The forecast period will also see major trends such as bio-based resins and polymers, widening applications in adhesives and sealants, antioxidants, health products, and the use of pine-derived terpenes in pharmaceuticals.
Which Drivers Are Accelerating Growth In The Pine-Derived Chemicals Market?
Increasing apprehensions about the environment are predicted to boost the pine-derived chemicals market in the future. These apprehensions relate to the methods employed in conserving the natural environment encompassing the land, sea, air, plants, and animals. The rise in ecological considerations has led to a surge in the utilization of pine chemicals derived from plants in place of conventional chemical synthesis methods, as synthetic chemicals lead to environmental pollution. For example, in August 2022, as per the United Nations Environment Programme, an intergovernmental organization based in Kenya, nearly 3.2 billion people, or 40% of the world's population, were adversely affected by land degradation. Further, the disappearance of pollinators endangers up to $577 billion worth of global crop production annually. Moreover, activities such as land clearing, crop production, and fertilization are responsible for 25% of the worldwide greenhouse gas emissions. Consequently, escalating environmental worries are fuelling the growth of the pine-derived chemicals market.
What Are The Core Segments Of The Global Pine-Derived Chemicals Market?
The pine-derived chemicals market covered in this report is segmented –
1) By Type: Tall Oil Fatty Acid, Tall Oil Rosin, Gum Turpentine, Gum Rosin, Sterols, Pitch, Other Types
2) By Process: Kraft, Tapping, Pulpmills
3) By Source: Living Trees, Dead Pine Stumps And Logs, By-Product Of Sulfate Pulping
4) By Application: Adhesives And Sealants, Paints And Coatings, Surfactants, Printing Inks, Perfumes, Fragrances, And Cosmetics, Food Additives, Other Applications
Subsegments:
1) By Tall Oil Fatty Acid: Unsaturated Fatty Acids, Saturated Fatty Acids
2) By Tall Oil Rosin: Modified Tall Oil Rosin, Natural Tall Oil Rosin
3) By Gum Turpentine: Chemical Grade Turpentine, Industrial Grade Turpentine
4) By Gum Rosin: Hydrated Gum Rosin, Non-Hydrated Gum Rosin
5) By Sterols: Phytosterols, Other Sterol Derivatives
6) By Pitch: Wood Pitch, Synthetic Pitch
7) By Other Types: Pine Essential Oils, Terpenes And Terpenoids
Which Emerging Trends Are Reshaping The Pine-Derived Chemicals Market Size?
One key trend that is emerging in the pine-derived chemicals market is the expansion of facilities. To meet the need for better products, manufacturers in this market are increasing their production capacities. For example, Pine Chemical Group, a Finland-based company that supplies pine-derived chemicals, announced in August 2023 that it will expand its production at the Kotka site. The company aims to manufacture an array of specialty fats for chocolate, coatings, fillings and compounds, spreads, bakery fats, among others, at this facility. Its product assortment consists of crude oil, tall oil pitch, and pitch fuel, all of which are fully accredited as per existing regulations like REACH and ISCC.
Who Are the Key Players In The Pine-Derived Chemicals Market?
Major companies operating in the pine-derived chemicals market include:
• Ingevity Corporation
• Florachem Corporation
• Harima Chemicals Group Inc.
• L'entreprise française DRT
• Georgia-Pacific Chemicals LLC
• Swati Menthol & Allied Chemicals Ltd.
• Privi Speciality Chemicals Limited
• Arboris LLC
• PineChemical Group Oy
• SunPine AB
• Lawter Inc.
• Safeguard Chemical Corporation
• Arakawa Chemical Industries Ltd.
• Kraton Corporation
• WestRock Company
• Forchem Oy
• International Flavors & Fragrances Inc.
• Foreverest Resources Ltd.
• Takasgo International Corporation
• Wuzhou Sun Shine Forestry and Chemicals Co.
• Mercer International Inc.
• OOO Torgoviy Dom Lesokhimik
• Respol Resinas SA
What Are The Regional Insights Into The Pine-Derived Chemicals Market?
North America was the largest region in the pine-derived chemicals market in 2024. Europe was second-largest region in the pine-derived chemicals market report during the forecast period. The regions covered in the pine-derived chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.