Pine is a tree. The chemicals are made from several pine species’ wood, bark, and needles, which are subsequently processed to make several products, such as rosin, tall oil, and turpentine. It offers many benefits and is renowned for its strong woody scent.
The demand for the pine-derived chemicals market is expected to increase in the coming years because of the growing usage of derived compounds in manufacturing fragrances for household cleaners, soap, and perfumes. Also, tires for automobiles are made using chemicals from pine trees. As a result, the market will likely have new growth opportunities due to the increasing demand for tires in the automotive industry.
What are Pine-Derived Chemicals?
The co-products removed during the papermaking procedure are compounds generated from pine. These co-products are then transformed into essential elements employed in various goods and used daily. Pine chemistry is a well-known instance of bio-based chemistry that uses raw ingredients that are natural and renewable from pine trees.
Crude Tall Oil (CTO), a significant co-product of the papermaking process, is removed. The fundamental pine chemical CTO is a building block for several other pine chemicals, such as Tall Oil Rodin, Tall Oil Fatty Acid, heads, Distilled Tall Oil, and pitch, which can be further refined from CTO. Type, source, method, and geographic segments group pine-derived chemicals.
What is Increasing the Demand for Pine-Derived Chemicals Market?
Due to their effectiveness and usability, hot melt adhesives grow quicker than solvent- or aqueous adhesives. New tackifier and polymer technologies are now available to formulators, enabling them to develop adhesives for uses other than the traditional bonding of paper and non-woven materials. Due to new uses in graphics, publishing, semi-structural applications, and electronics, hot melts will grow. These products are simpler to use, recyclable, and have no detectable VOCs.
Furthermore, due to their compatibility with the polymers in aqueous adhesives, rosin resins are particularly well suited for these innovative systems. New waterborne resins will be created to address the issue as new or modified polymers are released. Resins for waterborne adhesives can be purchased either simply or as dispersions. While some pine chemicals are used in radiation-cured systems, this only makes up a small fraction of overall demand. Pine chemicals including rosin ester and terpene phenolic resins, have been used in radiation-cured acrylic adhesives.
Tall Oil Fatty Acid (TOFA) is Dominating the Market
The demand for tall crude oil in the industry has increased due to its increasing use as a versatile chemical that prolongs the life of raw materials made of wood. It is an independent feedstock that is not dependent on food production. The rising number of new crude tall oil biorefineries is anticipated to increase demand for tall oil.
Sulfate Products Accounts for the Largest Pine-Derived Chemicals Market Share
Pine wood pulp is frequently produced via sulfate processing based on sulfate compounds. The main purpose of this is to extract pine compounds. The two main byproducts of this procedure are CTO and CST. The end-use industry can employ these items in a variety of ways.
The Leading Regions of the Market
North America holds the highest pine-derived chemicals market share, followed by Asia Pacific and Europe.
Due to multiple important enterprises, North America has emerged as the dominant market for chemicals made from pine. Asia-Pacific is also anticipated to develop at the quickest rate due to the increased demand for compounds made from pine. Additionally, the local climate is ideal for growing pines. Demand for pine-derived compounds is expanding due to their operational advantages, rising industrialization, and wide range of applications. The industry in North America is growing as a result of the region’s abundance of pine trees and expanding American demand.
Closing Thoughts
Paints and coatings, surfactants, adhesives, sealants, printing inks, and other products are all made from pine-derived compounds, a significant commercial consequence of pine trees. In fact, the global pine-derived chemicals market was valued at USD 5.31 billion in 2021 and is expected to grow to USD 7.9 billion at a CAGR of 4.56% during the forecast period of 2030.