Pine-Derived Chemicals (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols) Market 2015 - Global Trends & Forecast to 2020
DUBLIN, July 27, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/t93rp5/pinederived) has announced the addition of the "Pine-Derived Chemicals Market by Type (TOFA, TOR, Gum Turpentine, Gum Rosin, Pitch, Sterols), Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks), Source, & by Region - Global Trends & Forecast to 2020" report to their offering.
The pine-derived chemicals market, in terms of value, is projected to reach $4.8 Billion by 2020, at a CAGR of around 4.7 % from 2015 to 2020
The gum rosin segment is projected to be the largest and the fastest-growing in the next five years owing to its high benefits and uses. Gum rosin finds application in adhesives, paints & coatings, ink, rubber, paper, and gum-based candy. The segment is projected to grow considerably at a CAGR of 5.5 % between 2015 and 2020. The tall oil fatty acids segment accounted for the second-largest share in the global market in 2014 and is projected to follow the same trend for the next five years.
With rapid increase in pollution and exploitation of fossil fuels, the pressure on the ecosystem has compelled the need to find other alternatives to replace fossil fuels by renewable raw materials. Pine chemicals are obtained from living trees, dead pine stumps & logs, and as by-products of sulfate (or Kraft) pulping. Different chemical processes, including acidification, fractional distillation, and solvent extraction are used to refine and purify the different pine chemicals. Pine chemicals are eco-friendly, safe, and healthy to use. They help in reducing the carbon footprint and decreasing greenhouse gases concentration in the air.
The pine-derived chemicals market is led by North America followed by the Asia-Pacific region. The U.S. market dominates not only North America, but also the global market. The Asia-Pacific region is projected to be the fastest-growing pine chemicals market at a CAGR of 5.7 % from 2015 to 2020. Japan and China are the major and the fastest-growing pine chemicals markets in the Asia-Pacific region, due to increasing demand for bio-based products in the market.
The key players in pine-derived chemicals market include Eastman Chemicals (U.S.), Archer Daniels Midland Company (U.S.), Ashland Inc. (U.S.), Harima Chemicals Group (Japan), and Arakawa Chemical Industries, Ltd. (Japan). Other players such as Derives Resiniques ET Terpeniqes (DRT) (France), Arizona Chemical LLC (U.S.), Georgia-Pacific Chemicals LLC (U.S.) and Foreverest Resources Ltd. (China) also have a strong presence in the market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pine-Derived Chemicals Market, By Technology
8 Pine-Derived Chemicals Market, By Source
9 Pine-Derived Chemicals Market, By Type
10 Pine-Derived Chemicals Market, By Application
11 Pine-Derived Chemicals Market, By Region
12 Competitive Landscape
13 Company Profiles
- Arakawa Chemical Industries, Ltd.
- Archer Daniels Midland (ADM) Company
- Arizona Chemical Company, LLC
- Ashland Inc.
- DRT (Derives Resiniques ET Terpeniqes)
- Eastman Chemical Company
- Foreverest Resources Ltd.
- Georgia-Pacific Chemicals LLC.
- Harima Chemicals Group
- Meadwestvaco Corporation
For more information visit http://www.researchandmarkets.com/research/t93rp5/pinederived
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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