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 Summary : The pine-derived chemicals market has grown exponentially in the last few years and this trend is projected to continue. The market was valued at $4.8 billion in 2014 and is projected to grow at a CAGR of 4.7% from 2015 to 2020. IT is primarily driven by factors such as the need to use renewable resources in the manufacturing processes and reducing carbon footprint. In this report, the pine-derived chemicals market has been broadly segmented on the basis of source, type, application, and region. Expansions and mergers were the most preferred growth strategy in the pine-derived chemicals market. The key players in the 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 Reso...