Pine Derived Chemicals Market was valued at USD 6.34 Bn in 2024, and Global Pine Derived Chemicals Market is expected to reach USD 9.09 Bn by 2032, growing at a CAGR of 4.6 % during the forecast period.Pine-Derived Chemicals Market Overview:
Pine Derived chemicals are extracted from pine trees, primarily used in a wide range of industrial, commercial, and consumer applications. These chemicals, including rosin, turpentine, and tall oil, are valued for their renewable origins and are increasingly favoured for their environmentally friendly nature Dynamic nature of the market has been characterized by drastic growth and transformation, as a result of movement in industrial needs and an acute global inclination on sustainability. The growth is predominantly driven by increased utility of pine-based chemicals in a wide range of industries such as adhesives, printing inks, soaps and detergents, plasticizers, resins, surface coatings as well as fragrance chemicals. Simultaneously, growing levels of industrialization in many parts of the world and a soaring need of environment-friendly raw materials that are renewable is one of the key factors that highlight the demand in the market. Other than paints and coatings, other segments such as food additives, cosmetic additives as well as seed coatings are also expected to present moderate growth due to the multi-functionality of the pine-derived compounds. Asia-Pacific region is shaping up as the most rapid-growing pine-derived chemicals markets over the forecast period. There is an inevitable continued growth of this region due to fast urbanization, rise in disposable income and high technology growth. The period of competition in the market of Pine-Derived Chemicals shows a very lively environment accompanied by a small number of big players internationally, the strength of whose strategies relies strongly on innovations, mergers, and improvements of sales activities. Indicative of the current deal-making activity, as an example, major player Ingevity Corporation with estimated 2024 annual net sales of around 1.4 billion, is currently dividing its portfolio with potential attachments to the disposals conducted to streamline its focus on selling specialty chemicals. After buying DL Chemical Co., Ltd. at a price of $2.5 million, Kraton Corporation, the leading enterprise internationally have substantially diversified their operations and considerably invested in bio-based sustainable products.To know about the Research Methodology :- Request Free Sample Report
Pine Derived Chemicals Market Dynamics:
Expanding Applications & Green Demand to Drive Pine Derived Chemicals Market Growth Rising utilities in the adhesives, printing inks, soaps and detergents, plasticizers, resins, surface coatings, fragrance chemicals and the others are factors driving the global pine-derived chemicals market. Growing industrialization, the demand for environment-friendly and renewable raw materials are the factors driving the demand of pine-derived chemicals. Limited availability poses a challenge to the growth of the global pine derived chemical market during the forecast period. Stringent regulations imposed by the government to restrain the Pine Derived Chemicals Market The major government agencies such as the Environment Protection Agency (EPA), Food and Drugs Association (FDA), The American Chemistry Council, and the Pine Chemicals Association regulate pine-derived chemicals. These organizations are responsible for registering the products and regulating their safety, usage, and residue levels permitted in food and other applications. Increasing strictness in the rules and regulations of pine-derived chemicals is mainly due to environmental degradation. These regulations primarily affect the already existing pine-derived chemical products while resulting in the delayed introduction of new products.Pine Derived Chemicals Market Segment Analysis:
Based On Application Pine Derived Chemicals Market is segmented into Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks Among them, thePaints & Coatings is expected to dominated the market in 2024 and is expected to hold the largest market share over the forecast period. growing industrialization, increasing environmental concerns, growing consumer’s awareness, safety attached to it, and producers’ inclination towards cost efficiency and profitability. Food additives, cosmetics additives, and seed coatings is also foreseen to gain growth at moderate CAGR.Pine Derived Chemicals Market Regional Insights:
The Asia-Pacific region is estimated to be the fastest-growing market for pine-derived chemicals during the forecast period 2025-2032. Asia Pacific market is driven by increasing urbanization, growing disposable income, and advancements in technology. China dominated the Asia-Pacific pine-derived chemicals market owing to the rapidly growing industrialization and investments in research and development. Asia Pacific’s growth is attributed by many new ventures, acquisitions, and collaborations occur between global players, which are expected to change the dynamics of the Asia Pacific pine-derived chemicals market. Due to low labor costs and the execution of new processing methods, most of the production of pine chemicals, especially gum rosin, is carried out in the Asia Pacific, affecting the overall market conditions. In short, the Asia Pacific region is rapidly emerging in the pine chemicals manufacturing segment, supported by strong forestry management, leading to sustainability. Pine Derived Chemicals Market Competitive Analysis: Top key players in Pine Derived Chemicals Market are Ingevity Corporation, Kraton Corporation, DRT, Harima Chemicals Group, Inc. One of the largest participants, Ingevity Corporation, with an annual net sale of approximately 1.4 billion dollars, is also taking management on its portfolio, and it is actively considering the possibility of divesting some of its assets to strengthen its commitment to selling specialty chemicals. The acquisition of Kraton Corporation, a global producer, by DL Chemical Co., Ltd., a Chinese company acquired it in March 2024, for a price to the tune of USD 2.5 billion which helped it to diversify with much greater scope globally and invest heavily in bio-based sustainable products. Equally, Firmenich acquired DRT (Dvries Ressiniques et Terpeneiques), a European market leader in pine chemistry in 2020, paying more than 550 million euros, to have a greater access to the market. Not to be outdone, Japanese-based players Harima Chemicals Group, Inc. and Arakawa Chemical Industries, Ltd. are in the fray building product and strategic acquisitions. This is a very competitive environment that which focuses on sustainable solutions, performance, product and market share, and product line. Pine Derived Chemicals Market Key Trend: • Growing Demand for Sustainable and Eco-Friendly Products This is the paramount trend. As environmental awareness intensifies globally, industries and consumers are actively seeking renewable, bio-based alternatives to petrochemicals. Pine-derived chemicals, sourced from renewable pine trees, perfectly align with this demand, offering solutions for a reduced carbon footprint and compliance with stricter environmental regulations. • Advancements in Extraction and Processing Technologies Innovations like supercritical fluid extraction and advanced distillation techniques are enhancing the efficiency and purity of pine chemical extraction, leading to higher yields, lower production costs, and a wider range of high-performance derivatives. This also includes the development of pine-based resins and polymers for various industrial applications. • Strategic Consolidation and Partnerships The industry is seeing ongoing mergers and acquisitions as companies aim to strengthen market positions, expand product portfolios, and secure raw material supply, particularly from pulp mills. This fosters operational agility and establishes robust supply chain networks. Pine Derived Chemicals Market Key Development:
Year Company Name Key Development 20 May 2025 Ingevity Corporation (US) Reported strong Q1 2025 results; Performance Chemicals benefited from repositioning, lower raw material costs, and improved product mix. 12 June 2024 Ingevity Corporation (US) Expanded Capa® caprolactone distribution network in U.S. and Canada. 11 May 2024 Kraton Corporation (US) Announced strategic realignment of operations, exiting Dover site to focus on core business growth. 10 April 2023 Kraton Corporation (US) Launched CirKular+™ Paving Circularity Series for reclaimed asphalt reuse maximization. 11 March 2024 Kraton Corporation (US) Niort, France manufacturing facility received ISCC PLUS certification for sustainability. 12 Feb 2023 Harima Chemicals Group, Inc. (Japan) Acquired ISCC PLUS and ISCC EU certifications for CTO procurement, distillation, and related products, affirming sustainability. Pine Derived Chemicals Market Scope: Inquire before Buying
Pine Derived Chemicals Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 6.34 Bn. Forecast Period 2025 to 2032 CAGR: 4.6 % Market Size in 2032: USD 9.09 Bn. Segments Covered: by Product TOFA TOR Gum Turpentine Gum Rosin Pitch Sterols Others by Application Paints & Coatings Adhesives & Sealants Surfactants Printing Inks Pine Derived Chemicals Market, By Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Pine Derived Chemicals Market Key Players:
North America 1. Ingevity Corporation (US) 2. Kraton Corporation (US) 3. Eastman Chemical Company (US) 4. Georgia-Pacific Chemicals LLC (US) Europe 1. DRT (Dérivés Résiniques et Terpéniques) (France) 2. Pine Chemical Group (Finland) 3. Lawter Inc. (Finland) 4. Arakawa Chemical Europe GmbH (Germany) Asia Pacific 1. Harima Chemicals Group, Inc. (Japan) 2. Arakawa Chemical Industries, Ltd. (Japan) 3. Wuzhou Sun Shine Forestry and Chemicals Co., Ltd. (China) 4. Foreverest Resources Ltd. (China) 5. Mentha & Allied Products Pvt. Ltd. (India) Middle East & Africa 1. Sasol Ltd. (South Africa) 2. African Resins & Chemicals (Pty) Ltd. (South Africa) South America 1. Grupo Resinas Brasil (GRB) (Brazil) 2. Kraton Corporation (United States) 3. Ingevity Corporation (United States)Frequently Asked Questions:
1. Which region has the largest share in Global Pine Derived Chemicals Market? Ans: Asia-Pacific region holds the highest share in 2024. 2. What is the growth rate of Global Pine Derived Chemicals Market? Ans: The Global market is growing at a CAGR of 4.6% during forecasting period 2025-2032. 3. What is scope of the Global Pine Derived Chemicals market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the Top key players in Global Pine Derived Chemicals market? Ans: The important key players in the Global Pine Derived Chemicals Market are Ingevity Corporation, Kraton Corporation, DRT, Harima Chemicals Group, Inc.
1. Pine Derived Chemicals Market Introduction 1.1. Study Assumptions and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Pine Derived Chemicals Market: Competitive Landscape 2.1. Ecosystem Analysis 2.2. MMR Competition Matrix 2.3. Competitive Landscape 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Service Segment 2.4.3. End-user Segment 2.4.4. Revenue (2024) 2.4.5. Company Locations 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 2.7. KANO Model Analysis 3. Pine Derived Chemicals Market: Dynamics 3.1. Region-wise Trends of Pine Derived Chemicals Market 3.1.1. North America Pine Derived Chemicals Market Trends 3.1.2. Europe Pine Derived Chemicals Market Trends 3.1.3. Asia Pacific Pine Derived Chemicals Market Trends 3.1.4. Middle East and Africa Pine Derived Chemicals Market Trends 3.1.5. South America Pine Derived Chemicals Market Trends 3.2. Pine Derived Chemicals Market Dynamics 3.3. Pine Derived Chemicals Market Drivers 3.3.1.1. Expanding Applications & Green Demand 3.4. PORTER’s Five Forces Analysis 3.5. PESTLE Using Tree-Map Analysis 3.5.1. Government support for bio-based products 3.5.2. Higher production costs 3.5.3. Rise in health/environment awareness 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 4. Pine Derived Chemicals Market: Global Market Size and Forecast by Segmentation (by Value in USD Bn) (2024-2032) 4.1. Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 4.1.1. TOFA 4.1.2. TOR 4.1.3. Gum Turpentine 4.1.4. Gum Rosin 4.1.5. Pitch 4.1.6. Sterols 4.1.7. Others 4.2. Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 4.2.1. Paints & Coatings 4.2.2. Adhesives & Sealants 4.2.3. Surfactants 4.2.4. Printing Inks 4.3. Pine Derived Chemicals Market Size and Forecast, by region (2024-2032) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Pine Derived Chemicals Market Size and Forecast by Segmentation (by Value in USD Bn) (2024-2032) 5.1. North America Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 5.1.1. TOFA 5.1.2. TOR 5.1.3. Gum Turpentine 5.1.4. Gum Rosin 5.1.5. Pitch 5.1.6. Sterols 5.1.7. Others 5.2. North America Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 5.2.1. Paints & Coatings 5.2.2. Adhesives & Sealants 5.2.3. Surfactants 5.2.4. Printing Inks 5.3. North America Pine Derived Chemicals Market Size and Forecast, by Country (2024-2032) 5.3.1. United States 5.3.1.1. United States Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 5.3.1.1.1. TOFA 5.3.1.1.2. TOR 5.3.1.1.3. Gum Turpentine 5.3.1.1.4. Gum Rosin 5.3.1.1.5. Pitch 5.3.1.1.6. Sterols 5.3.1.1.7. Others 5.3.1.2. United States Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 5.3.1.2.1. Paints & Coatings 5.3.1.2.2. Adhesives & Sealants 5.3.1.2.3. Surfactants 5.3.1.2.4. Printing Inks 5.3.2. Canada 5.3.2.1. Canada Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 5.3.2.1.1. TOFA 5.3.2.1.2. TOR 5.3.2.1.3. Gum Turpentine 5.3.2.1.4. Gum Rosin 5.3.2.1.5. Pitch 5.3.2.1.6. Sterols 5.3.2.1.7. Others 5.3.2.2. Canada Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 5.3.2.2.1. Paints & Coatings 5.3.2.2.2. Adhesives & Sealants 5.3.2.2.3. Surfactants 5.3.2.2.4. Printing Inks 5.3.3. Mexico 5.3.3.1. Mexico Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 5.3.3.1.1. TOFA 5.3.3.1.2. TOR 5.3.3.1.3. Gum Turpentine 5.3.3.1.4. Gum Rosin 5.3.3.1.5. Pitch 5.3.3.1.6. Sterols 5.3.3.1.7. Others 5.3.3.2. Mexico Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 5.3.3.2.1. Paints & Coatings 5.3.3.2.2. Adhesives & Sealants 5.3.3.2.3. Surfactants 5.3.3.2.4. Printing Inks 6. Europe Pine Derived Chemicals Market Size and Forecast by Segmentation (by Value in USD Bn) (2024-2032) 6.1. Europe Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.2. Europe Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3. Europe Pine Derived Chemicals Market Size and Forecast, By Country (2024-2032) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.1.2. United Kingdom Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.2. France 6.3.2.1. France Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.2.2. France Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.3. Germany 6.3.3.1. Germany Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.3.2. Germany Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.4. Italy 6.3.4.1. Italy Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.4.2. Italy Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.5. Spain 6.3.5.1. Spain Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.5.2. Spain Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.6. Sweden 6.3.6.1. Sweden Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.6.2. Sweden Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.7. Austria 6.3.7.1. Austria Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.7.2. Austria Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 6.3.8.2. Rest of Europe Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7. Asia Pacific Pine Derived Chemicals Market Size and Forecast by Segmentation (by Value in USD Bn) (2024-2032) 7.1. Asia Pacific Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.2. Asia Pacific Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3. Asia Pacific Pine Derived Chemicals Market Size and Forecast, By Country (2024-2032) 7.3.1. China 7.3.1.1. China Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.1.2. China Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.2. S Korea 7.3.2.1. S Korea Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.2.2. S Korea Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.3. Japan 7.3.3.1. Japan Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.3.2. Japan Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.4. India 7.3.4.1. India Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.4.2. India Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.5. Australia 7.3.5.1. Australia Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.5.2. Australia Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.6. Indonesia 7.3.6.1. Indonesia Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.6.2. Indonesia Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.7. Philippines 7.3.7.1. Philippines Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.7.2. Philippines Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.8. Malaysia 7.3.8.1. Malaysia Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.8.2. Malaysia Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.9. Vietnam 7.3.9.1. Vietnam Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.9.2. Vietnam Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.10. Thailand 7.3.10.1. Thailand Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.10.2. Thailand Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 7.3.11. Rest of Asia Pacific 7.3.11.1. Rest of Asia Pacific Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 7.3.11.2. Rest of Asia Pacific Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 8. Middle East and Africa Pine Derived Chemicals Market Size and Forecast by Segmentation (by Value in USD Bn) (2024-2032) 8.1. Middle East and Africa Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 8.2. Middle East and Africa Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 8.3. Middle East and Africa Pine Derived Chemicals Market Size and Forecast, By Country (2024-2032) 8.3.1. South Africa 8.3.1.1. South Africa Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 8.3.1.2. South Africa Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 8.3.2. GCC 8.3.2.1. GCC Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 8.3.2.2. GCC Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 8.3.3. Nigeria 8.3.3.1. Nigeria Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 8.3.3.2. Nigeria Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 8.3.4. Rest of ME&A 8.3.4.1. Rest of ME&A Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 8.3.4.2. Rest of ME&A Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 9. South America Pine Derived Chemicals Market Size and Forecast by Segmentation (by Value in USD Bn) (2024-2032) 9.1. South America Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 9.2. South America Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 9.3. South America Pine Derived Chemicals Market Size and Forecast, By Country (2024-2032) 9.3.1. Brazil 9.3.1.1. Brazil Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 9.3.1.2. Brazil Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 9.3.2. Argentina 9.3.2.1. Argentina Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 9.3.2.2. Argentina Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 9.3.3. Rest of South America 9.3.3.1. Rest of South America Pine Derived Chemicals Market Size and Forecast, By Product (2024-2032) 9.3.3.2. Rest of South America Pine Derived Chemicals Market Size and Forecast, By Application (2024-2032) 10. Company Profile: Key Players 10.1. Ingevity Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Kraton Corporation 10.3. DRT (Dérivés Résiniques et Terpéniques) 10.4. Harima Chemicals Group, Inc. 10.5. Arakawa Chemical Industries, Ltd. 10.6. Eastman Chemical Company 10.7. Forchem Oyj 10.8. Wuzhou Sun Shine Forestry and Chemicals Co., Ltd. 10.9. Pine Chemical Group 10.10. Foreverest Resources Ltd. 10.11. Mentha & Allied Products Pvt. Ltd. 10.12. Sasol Ltd. 10.13. African Resins & Chemicals (Pty) Ltd. 10.14. Grupo Resinas Brasil (GRB) 10.15. Lawter Inc. 10.16. Arakawa Chemical Europe GmbH 11. Analyst Recommendations 12. Pine Derived Chemicals Market: Research Methodology
