|Base Year Market Size
|USD XX Billion
|Forecast Year Market Size
|USD 4073.03 Million
The Europe pine chemicals market is expected to reach USD 4073.03 million by 2030, with a CAGR of 4.70%.
The Pine Chemistry industry creates goods that are beneficial to our daily lives while also being environmentally sustainable. The forestry industry provides raw materials for the Pine Chemistry industry (wood, pulp and paper processes). Crude tall oil, black liquor soap, crude sulphate turpentine, and sawdust are co-products. Using these co-products is a classic example of attempting to make the most efficient use of resources by utilising every part of a cut tree.
Here are a few of the different ways Pine Chemistry affects our lives daily:
Sidewalks and roads. Pine chemistry is used to create asphalt, concrete, and cement, which are essential in constructing roads, highways, walkways, and buildings.
Purification systems for air and water. Sawdust-derived activated carbon acts as a natural air filter for automobile emissions and drinking water.
Coatings and paints. Pine chemicals are used to make paints and varnishes, which aid in renovating homes and painting rooms and offices.
Detergents and soaps. Pine Chemistry is a critical component of natural soaps and detergents, essential household goods.
Adhesives. Pine Chemistry is used to make adhesives, utilised in various applications such as bookbinding, box labels, name tags, and more.
Hoses, conveyers, and tyres. Pine Chemistry is an essential component of autos and trucks since it is utilised as an ingredient in creating rubber hoses, belts, conveyors, and tyres.
Gum rosin is particularly useful in the printing, adhesive, and oil industries. As governments move toward more environmentally friendly solutions, the rosin business supports the pine compound industry, accounting for half of the global pine chemicals market.
Many small-scale firms that use rosin have a favourable impact on market demand. Cleansers, ink, tile coating, and furniture are all manufactured by these companies, increasing the demand for rosin. Italy and Germany are two of the few countries with diverse oil mixing units for transporting petroleum products to treatment facilities and other locations.
Because of the advent of high-end technology in manufacturing units, the demand for adhesives in the automobile and electronic sectors has begun to diminish. The packaging and construction industries' growth and development will increase the market's need for pine chemicals.
One of the most important driving factors for pine chemicals in the industry is the demand for environmentally safe and non-hazardous paints. The production of biodiesel by German companies reached 3.2 million metric tonnes in 2018. It will assist in increasing the need for raw materials such as pine chemicals as the construction industry expands.
Substitutes for pine items are a significant constraint in the market for synthetic pine compounds. The substitutes are readily available and, given the costs, practical for buyers. These eco-friendly products are more expensive than alternatives. The ease of access to these products and their feasibility are limiting the market's acceptance of pine chemicals.
The market's most prominent alternatives to pine chemicals include acrylic resin, alkyl succinic acid, and vegetable oil (soybean-food grade). They occupy customers from various industries that impact the international market and various businesses, such as printing, painting, cement, oil, gas, and others. According to the American Chemistry Council, pine chemical manufacturing plants emit fewer ozone-depleting substances, protecting the environment. Nonetheless, the substitutes are 56% unfriendly to the environment, depleting non-renewable resources and petroleum derivatives.
The Europe Pine Chemicals market is divided into Germany, the United Kingdom, Italy, France and the Rest of Europe, based on country.
The demand for naturally occurring compounds increased as the emphasis on lowering carbon dioxide emissions and minimising the usage of fossil fuels increased. Because pine-derived compounds are obtained naturally from pine trees, they are environmentally beneficial. As a result, the market for pine-derived chemicals is likely to rise steadily as more people become aware of the benefits of utilising pine-derived chemicals.
|By Product Type
|Eastman Chemical Company Harima Chemicals Group Renessenz MeadWestvaco Corporation Arakawa Chemical Industries DRT Arizona Chemical Company Bakelite Synthetics Kraton Pine Chemicals Foreverest Resources Mentha & Allied Products
|U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europ
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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The Europe pine chemicals market is divided into tall oil, rosin, turpentine, and others based on product type. Tall oil produces coatings, paper sizing, paint, varnish, linoleum, drying oils, emulsions, lubricants, and soaps. It is obtained during paper manufacturing by synthetically treating the cooking alcohol used in the pulping of wood for paper. Tall oil is also used in cement, rubbers, inks, adhesive binder, asphalt emulsifiers, etc.
The Europe pine chemicals market is classified into paints and coatings, solvents and disinfectants, printing ink, synthetic rubber, flavours and fragrances, and others based on application. Houses, vehicles, street markings, and underground storage utensils are painted with paints and coatings. Rosin is used as an additive in the manufacture of paints and varnishes. It promotes quick drying and produces vibrant colours.
Mineral Turpentine and white spirits are the most widely used dissolvable in paint formulation. Turpentine was previously the most commonly used paint and varnish thinner in today's paints and coatings. The use of less expensive oil-based products has replaced the use of turpentine in colours. Turpentine is now used in special applications such as spray painting, pottery, ceramic coatings, artist's paints, and naval paints.