pine chemicals market size

The pine chemicals industry is projected to rise at a healthy CAGR of 5% between 2019 and 2027. High demand in applications such as coatings, disinfectants, and adhesives is the predominant factor driving sales. Rising demand from the fragrances and flavors industries, also continues to aid the growth of pine chemicals market, reveals Fact.MR in its new study.

“Pine chemicals have been gaining substantial traction, with the increasing numbers of downstream applications, despite the expensive production costs,” concludes the Fact.MR report.

Pine Chemicals Market – Key Takeaways

Rosin products will account for more than 40% of the global pine chemicals market, on the back of high versatility.
China will remain the leading producer of pine chemicals through the forecast period.
The coatings & adhesives sector will account for more than 30% through the forecast period.
North America will remain the major regional market for pine chemicals, while APAC displays substantial growth.
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Pine Chemicals Market – Key Driving Factors