Pine Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Pine Chemicals Market is Segmented by Product Type (Tall Oil, Rosin, and Turpentine), Application (Adhesives and Sealants, Coatings, Printing Inks, Lubricants and Lubricity Additives, Biofuels, Paper Sizing, Rubber, Soaps and Detergents, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for pine chemicals in terms of volume (Kilo Tons) for all the above segments.

Pine Chemicals Market Size

Pine Chemicals Market Summary
Study Period: 2017-2027
Fastest Growing Market: North America
Largest Market: Europe
CAGR: > 4.5 %

Major Players

Pine Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Pine Chemicals Market Analysis

During the time frame of the forecast, the pine chemicals market is expected to register a CAGR of over 4.5%.

In 2020, COVID-19 affected the chemical industry severely, which further decreased the demand for pine chemicals. However, the upsurge in demand for pine chemicals in various industries, including coatings, mining, and lubricants, has propelled the industry.

  • The market that was looked at is growing because there is more demand for pine chemicals in mining, flotation chemicals and lubricants, and in the flavors and fragrances industry.
  • On the flip side, an increase in the availability of cheaper substitutes and a diversion of CTO to biofuels due to government incentives are expected to hinder the growth of the market studied.
  • Emerging applications of pine chemicals (DTO, TOFA, CTO, TOP, and wood rosin) and food and packaging safety regulations of adhesives and sealants are expected to unveil new opportunities for the market studied.
  • Europe dominated the market across the world, with the largest consumption coming from countries such as Germany and Italy.

Pine Chemicals Industry Segmentation

Pine chemistry refers to the co-products derived from the papermaking process that are upgraded into crucial ingredients used in various goods necessary to everyday life. The pine chemicals market is segmented by product type, application, and geography. By product type, the market is segmented into tall oil, rosin, and turpentine. By application, the market is segmented into adhesives and sealants, coatings, printing inks, lubricants and lubricity additives, biofuels, paper sizing, rubber, soaps and detergents, and other applications. The report also covers the market size and forecasts for pine chemicals in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

Product Type
Tall Oil
Crude Tall Oil (CTO)
Tall Oil Fatty Acid (TOFA)
Distilled Tall Oil (DTO)
Tall Oil Pitch (TOP)
Tall Oil Rosin
Gum Rosin
Wood Rosin
Gum/Wood Turpentine
Crude Sulphate Turpentine
Other Turpentines
Adhesives and Sealants
Printing Inks
Lubricants and Lubricity Additives
Paper Sizing
Soaps and Detergents
Other Applications (Oil Field Chemicals, Chemical additives, Chewing Gums, and Food Additives)
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Pine Chemicals Market Trends

This section covers the major market trends shaping the Pine Chemicals Market according to our research experts:

Adhesives And Sealants Segment to Dominate the Market

  • Pine chemicals have been important parts of the adhesives and sealants value chain for many years.Tall oil products (TOFA and DTO) and rosin products (TOR and gum rosin) are excellent tackifiers for adhesives.
  • In adhesives, rosin resins are used along with polymers, which form one of the major components of adhesives and thus generate cohesion. The TOR resins offer three important benefits, which include:
  • compatibility with a variety of polymers, which provides flexibility and reliability in the formulation.
  • chemical tailoring of rosin resin to provide unique adhesive performance;
  • They are derived from natural and renewable sources.
  • Other types of pine chemicals, on the other hand, are well suited for use in adhesives and sealants applications:
  • Glycidyl methacrylate monomers made from rosin are a thick liquid that can be used as an advanced tackifier in pressure-sensitive adhesives that crosslink when exposed to UV light.
  • Rosin-oil dimer acids, prepared from rosin and industrial fatty oils, can be used in acrylic adhesives to improve their wetting, adhesion, and thermal stability.
  • Rosin-tung oil Diels-Alder adduct, a yellowish solid prepared from levopimaric acid and tung oil, can be used as a filler, tackifier, and adhesion promoter in UV-curable adhesives.
  • Pine Chemicals Association (PCA) seeks to identify collaboration opportunities and build partnerships with the adhesives and sealants industry as food and packaging safety is of concern to adhesives and sealant manufacturers worldwide.
  • In 2021, the Asia Pacific region accounted for around 37% of the global adhesives and sealants market, followed by Europe at 35%. According to FEICA, the European adhesives and sealants market is forecast to grow to EUR 22.2 billion (USD 25.91 billion) over the next four years, growing at a CAGR of 3.6% during the forecast period.
  • Furthermore, strong growth in the construction industry has propelled the consumption of adhesives and sealants, thereby propelling the pine chemicals market's growth. China is the world’s largest construction market and is forecasted to grow at an average annual rate of 8.6% between 2022 and 2030. The construction of buildings accounted for around USD 2.39 trillion in 2021 and is expected to reach around USD 2.6 trillion over the next three years.
  • The rising application of adhesives and sealants in the automotive and construction industries is likely to boost the overall specialty chemicals industry in the coming years.
Pine Chemicals Market : Construction of Buildings, in USD Trillion, in China, 2017-2021

Europe Region to Dominate the Market

  • Europe dominated the market studied, accounting for more than 40% of the total market by volume, with Germany and Italy being the key consumers in the region.
  • According to the German Adhesives Association, the adhesives, sealants, and tape industries will generate an annual turnover of more than EUR 4 billion (USD 4.57 billion) in 2020.
  • Germany is the largest producer of general rubber goods (GRG) and tires in Europe. Continental AG, Dunlop GmbH, Michelin Tire Werke AG & Co. KGaA, Pirelli Deutschland GmbH, Freudenberg Group, etc., are some of the major manufacturers of tire and non-tire products in the country.
  • In response to market changes in Europe that favor larger rim diameter tires, the major players in the tire industry are expanding and contracting in Germany at the same time.The disruptions in tire manufacturing are likely to have a short-term impact on the market studied.
  • Furthermore, Germany will produce 54 thousand barrels of oil equivalent biofuels per day in 2021, according to the Energy Information Administration (EIA) and BP Plc.Of this total, rapeseed and used cooking oil accounted for the highest proportion of raw materials in biodiesel production. Tall oil, along with other products, accounts for around 4%.
  • The volatile legislation on biofuels prevents companies from investing in new technologies. The German biofuel industry needs a stable framework for continuous market growth.
  • In the first half of 2022, the use of biodiesel and hydrotreated vegetable oil (HVO) for blending amounted to around 1.23 million metric tons. This translates to a 6.3 percent increase over the same period in 2021. This will continue to grow during the forecast period, thereby propelling the demand for pine chemicals.
  • Germany is the largest lubricant producer in Europe. The country is renowned for its sophisticated engineering sector and lubricant innovation. Strong industrial sector growth in the region has boosted metalworking fluid volumes, predicting a stable market for the overall lubricant market in Germany.
  • According to the Federal Office of Economics and Export Control, the domestic deliverables of lubricants in the country increased by 7.1%, from 814.21 thousand tons in 2020 to 871.90 thousand tons in 2021. During the forecast period, the demand for pine chemicals is expected to be driven by the rise in production in Germany and the rise in the need for lubricants.
  • Also, the Italian paints and coatings market is highly fragmented, with around 600 manufacturers of decorative and architectural paints in the country. The Italian Construction Association (ANCE) says that there will be more investment in the construction industry.
  • There are also numerous lubricant blending units in the country.Moreover, Eni is Italy’s leading operator in the refining and distribution of petroleum products. The company offers lubricants to multiple industries.
  • The country is focused on shifting to biofuels for transportation and other applications. The country consumed 22 thousand barrels of oil-equivalent biofuel per day in 2021, compared to 21 thousand barrels of oil-equivalent biofuel per day in 2020. The growing demand for biofuels is estimated to drive the demand for pine chemicals during the forecast period.
  • Such factors, in turn, are expected to boost the market studied.
Pine Chemicals Market : Growth Rate by Region, 2022-2027

Pine Chemicals Industry Overview

The pine chemicals market is fragmented in nature, with the top five players accounting for a significant share of the market. The remaining portion of the market studied is witnessing intense competition among both international players and regional-level manufacturers. Kraton Corporation, Ingevity Corporation, DRT, Harima Chemicals Group, and Pine Chemical Group, among others, control most of the pine chemicals market.

Pine Chemicals Market Leaders


  2. Ingevity Corporation

  3. Harima Chemicals Group, Inc.

  4. Pine Chemical Group

  5. DRT

*Disclaimer: Major Players sorted in no particular order

Market Concentration - Pine Chemicals Market.png

Pine Chemicals Market News

  • May 2022: Ingevity Corporation announced a general price increase for tall oil fatty acids, distilled tall oil, derivative products, and rosin-based resins associated with its industrial specialties portfolio.
  • December 2021: Synthomer Plc announced the acquisition of the adhesive resins business from Eastman Chemical for a proposed value of USD 1 billion. This acquisition allows Synthomer to enhance its portfolio and geographic growth along with the diversification of its portfolio, end-markets, and geographies with this new and highly complementary growth opportunity.
  • November 2021: DRT announced signing a new distribution partnership with IMCD Italy to market its products across all industrial segments.

Pine Chemicals Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report




    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Pine Chemicals in Mining and Flotation Chemicals and Lubricants

      2. 4.1.2 Increasing Demand from the Flavors and Fragrances Industry

    2. 4.2 Restraints

      1. 4.2.1 Diversion of CTO to Biofuels due to Government Incentives

      2. 4.2.2 Increase in the Availability of Cheaper Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Product Type

      1. 5.1.1 Tall Oil

        1. Crude Tall Oil (CTO)

        2. Tall Oil Fatty Acid (TOFA)

        3. Distilled Tall Oil (DTO)

        4. Tall Oil Pitch (TOP)

      2. 5.1.2 Rosin

        1. Tall Oil Rosin

        2. Gum Rosin

        3. Wood Rosin

      3. 5.1.3 Turpentine

        1. Gum/Wood Turpentine

        2. Crude Sulphate Turpentine

        3. Other Turpentines

      4. 5.1.4 Application

        1. Adhesives and Sealants

        2. Coatings

        3. Printing Inks

        4. Lubricants and Lubricity Additives

        5. Biofuels

        6. Paper Sizing

        7. Rubber

        8. Soaps and Detergents

        9. Other Applications (Oil Field Chemicals, Chemical additives, Chewing Gums, and Food Additives)

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.2.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.2.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles(Overview, Financials, Products and Services, and Recent Developments)

      1. 6.4.1 Arakawa Chemical Industries Ltd

      2. 6.4.2 DRT (Dérivés Résiniques et Terpéniques)

      3. 6.4.3 Forchem Oyj

      4. 6.4.4 Harima Chemicals Group Inc.

      5. 6.4.5 Ingevity Corporation

      6. 6.4.6 Kraton Corporation

      7. 6.4.7 Mercer International

      8. 6.4.8 OOO Torgoviy Dom Lesokhimik

      9. 6.4.9 Pine Chemical Group

      10. 6.4.10 Respol Resinas SA

      11. 6.4.11 Sunpine AB

      12. 6.4.12 Synthomer Plc.


    1. 7.1 Emerging Applications of Pine Chemicals (DTO, TOFA, CTO, TOP, and Wood Rosin)

    2. 7.2 Food and Packaging Safety Regulations of Adhesives and Sealants

**Subject to Availability
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Pine Chemicals Market Research FAQs

The Pine Chemicals Market is studied from 2017 - 2027.

The Pine Chemicals Market is growing at a CAGR of >4.5% over the next 5 years.

North America is growing at the highest CAGR over 2017-2027.

Europe holds highest share in 2021.

KRATON CORPORATION, Ingevity Corporation, Harima Chemicals Group, Inc., Pine Chemical Group, DRT are the major companies operating in Pine Chemicals Market.

Pine Chemicals Industry Report

Statistics for the 2023 Pine Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Pine Chemicals analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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