Pine-derived Chemicals Market to reach US$ 7,522.7 Mn by 2026 – TMR

The global pine-derived chemicals market was valued at US$ 5,170.1 Mn in 2017 and is anticipated to expand at a CAGR of 4.3% from 2018 to 2026, according to a new research report titled ‘Pine-derived Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) Increase in the demand for pine-derived chemicals in the construction sector is anticipated to augment the global pine-derived chemicals market during the forecast period.  Pine chemicals is a family of renewable, naturally occurring materials derived from the pine tree (genus Pinus). These chemicals are derived through the distillation of oleoresin or carbonization of wood. A majority of distilled products are made from gum, stumps, logs, and sulfate pulp byproducts. During the papermaking process, chemicals from pine trees are recovered as co-products of the pulping process in the form of crude tall oil (CTO) and crude sulfate turpentine (CST). Oleoresin can also be recovered from pine trees. It is separated into gum rosin (GR) and gum turpentine (GT).