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Pine-Derived Chemicals Market Worth 5.27 Billion USD by 2021


News provided by

MarketsandMarkets

05 Aug, 2016, 16:30 GMT

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PUNE, India, August 5, 2016 /PRNewswire/ --

The report "Pine-Derived Chemicals Market by Type (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols, Others), Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks), Source, Processes, and by Region - Global Forecast to 2021", The market for pine-derived chemicals is projected to reach USD 5.27 billion by 2021, at a CAGR of 4.5%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 96 market data Tables and 44 Figures spread through 150 Pages and in-depth TOC on "Pine-Derived Chemicals Market"

http://www.marketsandmarkets.com/Market-Reports/pine-derived-chemicals-market-36161841.html

Early buyers will receive 10% customization on this report. 

The report defines and segments the Pine-Derived Chemicals Market on the basis of type, application, source, process, and region, with analyses and projections of the market size of each of these segments in terms of value. The growing environmental concerns coupled with industrialization, the demand for environment-friendly and renewable raw materials, along with the reduction of carbon footprint are the factors driving the demand of pine-derived chemicals.

Paints & coatings application of the Pine-Derived Chemicals Market to grow at the highest CAGR during the forecast period 

The paints & coatings segment has been estimated to lead the market in terms of value mainly due to the large quantity they are used in, growing industrialization, increasing environmental concerns, growing consumer's awareness, safety attached to it, and producers' inclination towards cost efficiency and profitability. The other applications segment includes food additives, cosmetics additives, and seed coatings, which is also expected to grow at a high CAGR during the forecast period. The growth is attributed to the growing health awareness among consumers; increasing demand by food manufacturers as pine-derived chemicals improves functionality, along with the advancement in food technology and food processing. Also, focus on increasing agricultural productivity is also responsible for increasing demand of pine-derived chemicals in food additives, cosmetics additives, & seed coatings industry.

Gum rosin: The most widely used type of pine-derived chemicals 

The gum rosin segment accounted for the largest share in the Pine-Derived Chemicals Market in terms of value and is projected to grow at the highest CAGR from 2016 to 2021. The tall oil fatty acid segment is also projected to grow at a high CAGR. Growing research & development, high functional benefits, and diverse applications in adhesives, paints & coatings, ink, rubber, paper, and gum-based candy, and lower production costs along with possibility of large-scale production are driving the demand for gum rosin.

Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=36161841

Asia-Pacific is projected to be the fastest-growing region in the Pine-Derived Chemicals Market 

The North America region was the largest market for pine-derived chemicals in 2015. The Asia-Pacific region is projected to be the fastest-growing market for pine-derived chemicals during the forecast period. The market here is driven by increasing urbanization, growing disposable income, and advancements in technology. China dominated the Asia-Pacific market for pine-derived chemicals owing to the rapidly growing industrialization and investments in research and development.

This report studies marketing and development strategies, along with the product portfolio of leading companies such as Eastman Chemical Company (U.S.), Renessenz LLC (U.S.), Harima Chemicals Group, Inc. (Japan), Arakawa Chemical Industries, Ltd. (Japan), and MeadWestvaco Corporation (U.S.). Other players include Arizona Chemical Company, LLC (U.S.), DRT (Dérivés Résiniques et Terpéniques) (France), Georgia-Pacific Chemicals LLC. (U.S.), Mentha & Allied Products Pvt. Ltd. (India), and Foreverest Resources Ltd. (China).

Browse related reports: 

Agrochemicals Market-Mergers & Acquisitions - Global Trends (2000-2016) and Outlook-by Deal Type (Acquisitions, Agreements, Divestitures, Mergers & Others), by Segment (Crop-Protection Chemicals, Herbicides, Fungicides, Insecticides & Others), and by Region
http://www.marketsandmarkets.com/Market-Reports/agrochemicals-market-mergers-and-acquisitions-51370455.html

Green and Bio-Solvents Market by Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate & Others), & by Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks & Others) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/green-bio-solvents-market-755.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Markets and Markets 
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