innovations and advanced technologies drive the demand for tall oil fatty acids , as it has wider applications in industrial sectors such as adhesives , ink , paper , rubber , paint and coatings and some others . Paint and coatings segment is having a dominant market share in the pine derived chemicals market , due to the changing lifestyles , preference for eco-friendly products and stringent environmental regulations . Gum rosin segment is anticipated to attain the highest growth in terms of CAGR in the global pine derived chemicals market during the forecast period 2017-2023 .
Segments Covered The report covers the analysis of global as well as regional markets of pine-derived chemicals market . Moreover , the global pine derived chemicals market is segmented by application , by source and by type . The global pine derived chemicals market by application covers adhesives & sealants , cosmetics additives , food additives , paints & coatings , paper & pulp , printing inks , rubber , surfactants and some others . On the basis of source , the market is segmented as byproducts of sulfate pulping , dead pine logs & stumps and living pine trees and logs & stumps of dead pine trees . Based on type , the market is segmented as derivatives of CST , gum rosin , gum turpentine , pitch , sterols , tall oil fatty acid , tall oil rosin and some others .
North America is the Largest Pine Derived Chemicals Market Asia-Pacific region is the second largest market and it is anticipated to be the fastest growing market in terms of CAGR during the forecast period 2017-2023 . USA is the largest producer of pine derived chemicals , due to the presence of large number of pine trees and major manufacturing countries . Increasing demand for the environmental friendly chemicals drives the growth of the North American pine derived chemicals market . Adoption of advanced technologies , rapid urbanization and the increasing disposable income among the population in the region drives the growth of Asia-pacific pine derived chemicals market . Moreover , the polices of various governments for promoting use of environmental friendly products and the increasing demand for bio-based chemicals in China , Japan , India and other major countries in the region drives the growth of the market . European union regulations that promote use of bio-based chemicals , increasing demand for environmental friendly products in European countries such as France , Germany , Italy , United Kingdom and some others drive the growth of the European pine derived chemicals market .
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