Middle East and Africa Pine Derived Chemicals Market: By Chemical Type (Tall Oil Fatty Acids, Tall Oil Rosin, Sterols, Pitch, Others), By Application (Paints & Coatings, Adhesives & Sealants, Surfactants, Printing Inks, Others), and Geography    

Middle East And Africa Pine Derived Chemicals Market size was valued at USD X million in 2023 and is poised to grow at a CAGR of x% from 2024 - 2030. Pine chemicals is the primary segments of the chemical industry. It is renewable and naturally occurring material from pine tree. A large number of industries purchases products and services from pine chemistry which, thereby boosts the demand for pine chemicals. Paint and coatings are one of the prominent industry where pine chemicals are used as curing additives and in alkyd paints. Moreover, pine chemicals are also used in lithography, and flexography, as surfactants for detergents; primarily ethoxylates. ink binders for magazines, packaging, and plastic bags. These are the factors that drive the pine-derived chemicals market. However, the limited availability of pine chemicals across the globe poses a major restraint for the market. Pine derived chemicals has found its positions in various industries owing to its versatility. Paints & coatings, adhesives & sealants, surfactants, and printing inks are some of the industries where pine chemicals are used to a greater extent. Key players in pine derived chemicals market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, in March 8, 2018: Ingevity Corporation (NYSE:NGVT) announced it has completed the acquisition of Georgia-Pacifics pine chemicals business. In purchasing the pine chemicals business, Ingevity has acquired the pine chemicals-related assets at Georgia-Pacific Crossett, Ark., plant, saleable inventory, customer lists and the book of business, as well as various patents and trade names associated with acquired product lines.