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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