The global pine chemicals market has been growing steadily over the past few years. It is estimated to grow with a CAGR of more than 5% with the 2019-2027 forecast period and reach a value pool of over US$ 19 Bn. This surge is attributed to the growing demand for bio-friendly products and more natural solutions.
And that’s what makes pine chemicals a worthy investment. Pine chemicals have been experiencing a high demand in different applications as it is used in areas like coatings, adhesives e, and disinfectants. The flavors and fragrance industry has also come in strong to raise this demand and growth during the above period.
Key Segments of the Pine Chemicals Market
If you are planning to invest in pine chemicals products, you should take a look at the following segments. The application of alpha terpinene and other pine chemicals is segmented into various groups. Each of these segments plays a huge role that affects the overall market share of these products.
They include:
1. Product type
· Tall oil
· Gum Rosin
· Gum Turpentine
· Sterols
· Tall oil fatty acids
· Others (pitch, wood rosin, e.t.c)
Based on type, gum rosin is expected to hold the largest share of the entire market. The product is commercially viable and with high benefits, which is why there has been an increase in producers’ demand.
2. Applications
Gamma terpinene and alpha terpinene are one of the most popular pine chemicals used in various applications. Together with other products, they are used in
· Coatings & Adhesives
· Solvents & Disinfectants
· Printing Ink
· Synthetic Rubber
· Flavors & Fragrances
In terms of applications, the paint & coatings segment is expected to have the lion’s share of the CAGR within the stated period. This is mainly due to the ever-rising environmental concerns and the increased application of eco-friendly products. Paracymene, for instance, has become an essential component in most of these applications thanks to its incredible features.
3. Region
The use and demand for pine chemicals have also been segmented based on the region. The biggest players are:
· North America
· Latin America
· Europe
Based on the global market figures, North America is most likely to dominate the market due to its many developed industries. And Asia Pacific will grow with the fastest CAGR as businesses, rising environmental concerns, and a rise in the demand for chemicals keeps scaling higher. Pine products’ suitable environment and operation benefits have also played a major role in this rise.
Linxing Pine Chemicals – A Reliable Pine Chemicals Supplier
Linxing Pine Chemicals was established in 1998 to offer the best solutions in demand for pine chemicals. It has become the largest gum rosin supplier, among other products, in the region and across the globe.
It’s the most reliable because of the following reasons:
· A great geographical location. The company is located in Yunfu District, about 200 km from Guangzhou. The transport system and its location in the main production areas of Rosin turpentine in China make it easy to get the raw materials.
· Advanced quality. The company does not take any chances when it comes to delivering the highest quality products. It has a dedicated R & D and a quality control technical force that goes through all the products and processes to ensure top quality.
· Advanced production. The company has invested in the latest technology. It built 3000 t/a longifolene series products to improve automatic production.
Besides, Linxing Pine Chemicals is among the most experienced manufacturers. With more than a decade of service, you can be sure of top-notch quality.
Conclusion
Are you considering investing in pine products? This is the best time when demand is high. You can rely on Linxing Pine Chemicals for an unlimited supply of raw materials and processed products.