Table of Content

"1    INTRODUCTION    38
1.1    OBJECTIVES OF STUDY    38
1.2    MARKET DEFINITION    39
1.3    STUDY SCOPE    39
FIGURE 1    MARKET SEGMENTATION    39
1.3.1    REGIONS COVERED    40
1.3.2    PERIODIZATION CONSIDERED    40
1.4    CURRENCY CONSIDERED    41
TABLE 1    USD EXCHANGE RATES CONSIDERED, 2018–2021    41
1.5    VOLUME UNITS CONSIDERED    41
1.6    STAKEHOLDERS    42
1.7    SUMMARY OF CHANGES    42
2    RESEARCH METHODOLOGY    44
2.1    RESEARCH DATA    44
FIGURE 2    PINE-DERIVED CHEMICALS MARKET: RESEARCH DESIGN    44
2.1.1    SECONDARY DATA    45
2.1.1.1    Key data from secondary sources    45
2.1.2    PRIMARY DATA    45
2.1.2.1    Key data from primary sources    46
2.1.2.2    Breakdown of primaries    46
2.1.2.3    Key primary insights    47
2.2    MARKET SIZE ESTIMATION    48
2.2.1    APPROACH ONE – BOTTOM-UP (BASED ON TYPE, BY REGION)    48
2.2.2    APPROACH TWO – TOP-DOWN (BASED ON GLOBAL MARKET)    49
2.3    DATA TRIANGULATION    50
FIGURE 3    DATA TRIANGULATION METHODOLOGY    50
2.4    ASSUMPTIONS FOR STUDY    51
2.5    LIMITATIONS AND RISK ASSESSMENT OF STUDY    52
2.6    MARKET SCENARIOS CONSIDERED FOR COVID-19 IMPACT    52
2.6.1    OPTIMISTIC SCENARIO    52
2.6.2    REALISTIC AND PESSIMISTIC SCENARIOS    52
2.6.3    SCENARIO-BASED MODELING    53
2.7    COVID-19 HEALTH ASSESSMENT    53
FIGURE 4    COVID-19: GLOBAL PROPAGATION    53
FIGURE 5    COVID-19 PROPAGATION: SELECT COUNTRIES    54
2.8    COVID-19 ECONOMIC ASSESSMENT    55
FIGURE 6    REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR
SELECT G20 COUNTRIES IN 2020    55
2.8.1    COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT    56
FIGURE 7    CRITERIA IMPACTING GLOBAL ECONOMY    56
FIGURE 8    SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY    57
3    EXECUTIVE SUMMARY    59
TABLE 2    PINE-DERIVED CHEMICALS MARKET SNAPSHOT, 2022 VS. 2027    59
FIGURE 9    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET, BY SCENARIO, 2020 VS. 2021 (USD MILLION)    60
FIGURE 10    PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)    61
FIGURE 11    PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022 VS. 2027 (USD MILLION)    61
FIGURE 12    PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2022 VS. 2027 (USD MILLION)    62
FIGURE 13    PINE-DERIVED CHEMICALS MARKET SHARE (VALUE), BY REGION, 2021    62
4    PREMIUM INSIGHTS    64
4.1    ATTRACTIVE OPPORTUNITIES IN PINE-DERIVED CHEMICALS MARKET    64
FIGURE 14    INCREASING DEMAND FOR BIO-FRIENDLY PRODUCTS TO PROPEL MARKET GROWTH FOR PINE-DERIVED CHEMICALS    64
4.2    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE AND COUNTRY    64
FIGURE 15    US AND GUM ROSIN TO ACCOUNT FOR LARGEST SHARES IN 2021    64
4.3    PINE-DERIVED CHEMICALS MARKET, BY TYPE    65
FIGURE 16    GUM ROSIN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    65
4.4    PINE-DERIVED CHEMICALS MARKET, BY APPLICATION    65
FIGURE 17    PAINTS & COATINGS SEGMENT TO DOMINATE MARKET
DURING FORECAST PERIOD    65
4.5    PINE-DERIVED CHEMICALS MARKET, BY SOURCE AND REGION    66
FIGURE 18    NORTH AMERICA AND BY-PRODUCTS OF SULFATE PULPING SEGMENTS TO DOMINATE MARKET DURING FORECAST PERIOD    66
4.6    PINE-DERIVED CHEMICALS MARKET, BY PROCESS    67
FIGURE 19    TAPPING PROCESS TO DOMINATE MARKET DURING FORECAST PERIOD    67
FIGURE 20    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET: COMPARISON OF PRE AND POST-COVID-19 SCENARIOS    67
5    MARKET OVERVIEW    68
5.1    INTRODUCTION    68
5.2    MARKET DYNAMICS    68
FIGURE 21    DRIVERS, RESTRAINERS, OPPORTUNITIES, AND CHALLENGES:
PINE-DERIVED CHEMICALS MARKET    69
5.2.1    DRIVERS    69
5.2.1.1    Increasing demand for bio-friendly products    69
5.2.1.2    Increasing demand for Asia Pacific construction industry    70
5.2.1.3    Growing importance of kraft process and increase in application of pine-derived chemicals    70
5.2.1.4    Scientific advances in pine-derived chemicals industry for economic and sustainable growth    70
5.2.2    RESTRAINTS    71
5.2.2.1    Stringent regulations imposed by governments    71
5.2.3    OPPORTUNITIES    71
5.2.3.1    Opportunities in developing countries    71
5.2.4    CHALLENGES    72
5.2.4.1    Rising labor costs    72
5.3    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET    72
6    INDUSTRY TRENDS    73
6.1    INTRODUCTION    73
6.2    VALUE CHAIN    73
6.2.1    RESEARCH & DEVELOPMENT    73
6.2.2    RAW MATERIAL SOURCING    73
6.2.3    PRODUCTION AND PROCESSING    74
6.2.4    END-USE INDUSTRY    74
FIGURE 22    VALUE CHAIN ANALYSIS OF PINE-DERIVED CHEMICALS MARKET:
RESEARCH & DEVELOPMENT AND RAW MATERIAL SOURCING    74
6.3    SUPPLY CHAIN ANALYSIS    74
FIGURE 23    PINE-DERIVED CHEMICALS MARKET: SUPPLY CHAIN    75
6.4    TECHNOLOGY ANALYSIS    75
6.5    PRICING ANALYSIS: PINE-DERIVED CHEMICALS MARKET    76
TABLE 3    GLOBAL PINE-DERIVED CHEMICALS AVERAGE SELLING PRICE (ASP),
BY TYPE, 2020–2022 (USD/TONS)    76
TABLE 4    GLOBAL PINE-DERIVED CHEMICALS AVERAGE SELLING PRICE (ASP),
BY REGION, 2020–2022 (USD/TONS)    76
6.6    MARKET MAPPING AND ECOSYSTEM OF PINE-DERIVED CHEMICALS    77
6.6.1    DEMAND-SIDE    77
6.6.2    SUPPLY-SIDE    77
FIGURE 24    PINE-DERIVED CHEMICALS: MARKET MAP    77
FIGURE 25    PINE-DERIVED CHEMICALS: ECOSYSTEM MAPPING    78
6.7    TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS    79
FIGURE 26    REVENUE SHIFT FOR PINE-DERIVED CHEMICALS MARKET    79
6.8    PINE-DERIVED CHEMICALS MARKET: PATENT ANALYSIS    80
FIGURE 27    NUMBER OF PATENTS GRANTED BETWEEN 2012 AND 2021    80
FIGURE 28    TOP 10 INVESTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS    80
FIGURE 29    TOP 10 APPLICANTS WITH HIGHEST NO. OF PATENT DOCUMENTS    81
TABLE 5    PATENTS PERTAINING TO PINE-DERIVED CHEMICALS, 2019–2021    81
6.9    TRADE DATA: PINE-DERIVED CHEMICALS MARKET    83
6.9.1    2019: TALL OIL    83
TABLE 6    TOP 10 IMPORTERS AND EXPORTERS OF TALL OIL, 2019 (KG)    83

6.9.2    2020: TALL OIL    83
TABLE 7    TOP 10 IMPORTERS AND EXPORTERS OF TALL OIL, 2020 (KG)    83
6.9.3    2021: TALL OIL    84
TABLE 8    TOP 10 IMPORTERS AND EXPORTERS OF TALL OIL, 2021 (KG)    84
6.10    CASE STUDIES    84
6.10.1    KRATON CORPORATION: TAKING MEASURES TO SAVE ENVIRONMENT    84
6.11    KEY CONFERENCES & EVENTS IN 2022-2023    85
TABLE 9    KEY CONFERENCES & EVENTS IN PINE-DERIVED CHEMICALS MARKET    85
6.12    TARIFF & REGULATORY LANDSCAPE    86
TABLE 10    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    86
TABLE 11    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    86
TABLE 12    ASIA-PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS    87
6.12.1    UNITED STATES (US)    87
6.12.2    CANADA    88
6.12.3    EUROPEAN UNION (EU)    88
6.12.4    INDIA    88
6.12.5    AUSTRALIA    89
6.12.6    CHINA    89
6.13    PORTER’S FIVE FORCES ANALYSIS    89
TABLE 13    PINE-DERIVED CHEMICALS MARKET: PORTER’S FIVE FORCES ANALYSIS    90
6.13.1    DEGREE OF COMPETITION    90
6.13.2    BARGAINING POWER OF SUPPLIERS    90
6.13.3    BARGAINING POWER OF BUYERS    91
6.13.4    THREAT OF SUBSTITUTES    91
6.13.5    THREAT OF NEW ENTRANTS    91
6.14    KEY STAKEHOLDERS AND BUYING CRITERIA    92
6.14.1    KEY STAKEHOLDERS IN BUYING PROCESS    92
FIGURE 30    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP THREE APPLICATIONS    92
TABLE 14    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP THREE APPLICATIONS (%)    92
6.14.2    BUYING CRITERIA    93
TABLE 15    KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR    93
7    PINE-DERIVED CHEMICALS MARKET, BY TYPE    94
7.1    INTRODUCTION    95
FIGURE 31    PINE-DERIVED CHEMICALS MARKET SIZE (VALUE), BY TYPE, 2022 VS. 2027    95
TABLE 16    PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2019–2021 (USD MILLION)    96
TABLE 17    PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2022–2027 (USD MILLION)    96
TABLE 18    PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2019–2021 (KT)    96
TABLE 19    PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2022–2027 (KT)    97
7.2    COVID-19 IMPACT ON PINE DERIVED CHEMICALS MARKET, BY TYPE    97
7.2.1    OPTIMISTIC SCENARIO    97
TABLE 20    OPTIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2020–2023 (USD MILLION)    97
7.2.2    REALISTIC SCENARIO    98
TABLE 21    REALISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2020–2023 (USD MILLION)    98
7.2.3    PESSIMISTIC SCENARIO    98
TABLE 22    PESSIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2020–2023 (USD MILLION)    98
7.3    TALL OIL FATTY ACID    99
7.3.1    INCREASING AWARENESS FOR CLEAN LABEL PRODUCTS TO DRIVE GROWTH FOR TALL OIL FATTY ACID    99
TABLE 23    TALL OIL FATTY ACID: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (USD MILLION)    99
TABLE 24    TALL OIL FATTY ACID: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (USD MILLION)    99
TABLE 25    TALL OIL FATTY ACID: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (KT)    100
TABLE 26    TALL OIL FATTY ACID: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (KT)    100
7.4    TALL OIL ROSIN    100
7.4.1    STRONG MARKET DEMAND DUE TO WIDE APPLICATIONS IN VARIOUS
END-USE INDUSTRIES TO PROPEL GROWTH FOR TALL OIL ROSIN    100
TABLE 27    TALL OIL ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    101
TABLE 28    TALL OIL ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    101
TABLE 29    TALL OIL ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (KT)    101
TABLE 30    TALL OIL ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (KT)    102
7.5    GUM TURPENTINE    102
7.5.1    INCREASING DEMAND FROM PAINTS, PERFUME, AND PERSONAL CARE INDUSTRIES TO DRIVE GROWTH FOR GUM TURPENTINE    102
TABLE 31    GUM TURPENTINE: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    103
TABLE 32    GUM TURPENTINE: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    103
TABLE 33    GUM TURPENTINE: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (KT)    103
TABLE 34    GUM TURPENTINE: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (KT)    104
7.6    GUM ROSIN    104
7.6.1    INCREASING DEMAND FOR GUM ROSIN IN RUBBER AND INK INDUSTRIES TO PROPEL ITS GROWTH    104
TABLE 35    GUM ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    104
TABLE 36    GUM ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    105
TABLE 37    GUM ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (KT)    105
TABLE 38    GUM ROSIN: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (KT)    105
7.7    STEROLS    106
7.7.1    RISING AWARENESS ABOUT HEALTH CONSCIOUSNESS AND CHOLESTEROL PRODUCTS TO DRIVE GROWTH FOR STEROLS    106
TABLE 39    STEROLS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    106
TABLE 40    STEROLS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    106
TABLE 41    STEROLS: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (KT)    107
TABLE 42    STEROLS: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (KT)    107
7.8    PITCH    107
7.8.1    RISING POPULARITY OF PINE PITCH AS A PREMIUM ADHESIVE ALONG WITH RISING DEMAND TO DRIVE ITS GROWTH    107
TABLE 43    PITCH: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    108
TABLE 44    PITCH: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    108
TABLE 45    PITCH: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (KT)    108
TABLE 46    PITCH: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (KT)    109
7.9    OTHER TYPES    109
7.10    ALPHA-PINENE    110
7.11    BETA-PINENE    110
TABLE 47    OTHER TYPES: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    110
TABLE 48    OTHER TYPES: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    111
TABLE 49    OTHER TYPES: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (KT)    111
TABLE 50    OTHER TYPES: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (KT)    111
8    PINE-DERIVED CHEMICALS MARKET, BY APPLICATION    112
8.1    INTRODUCTION    113
FIGURE 32    PINE-DERIVED CHEMICALS MARKET SIZE (VALUE), BY APPLICATION,
2022 VS. 2027    113
TABLE 51    PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    114
TABLE 52    PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    114

8.2    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET, BY APPLICATION    114
8.2.1    OPTIMISTIC SCENARIO    115
TABLE 53    TABLE 3: OPTIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)    115
8.2.2    REALISTIC SCENARIO    115
TABLE 54    TABLE 4: REALISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)    115
8.2.3    PESSIMISTIC SCENARIO    115
TABLE 55    TABLE 5: PESSIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2020–2023 (USD MILLION)    115
8.3    ADHESIVES & SEALANTS    116
8.3.1    RISING DEMAND FOR HIGH-PERFORMANCE ADHESIVES FROM AUTOMOTIVE AND CONSTRUCTION INDUSTRIES TO DRIVE GROWTH    116
TABLE 56    ADHESIVES AND SEALANTS: PINE-DERIVED CHEMICALS MARKET,
BY REGION, 2019–2021 (USD MILLION)    116
TABLE 57    ADHESIVES AND SEALANTS: PINE-DERIVED CHEMICALS MARKET,
BY REGION, 2022–2027 (USD MILLION)    117
8.4    PAINTS & COATINGS    117
8.4.1    RISING DEMAND ACROSS BORDERS AND NEW PRODUCT LAUNCHES TO DRIVE GROWTH OF PAINTS & COATINGS    117
TABLE 58    PAINTS & COATINGS: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (USD MILLION)    118
TABLE 59    PAINTS & COATINGS: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (USD MILLION)    118
8.5    SURFACTANTS    118
8.5.1    RISING APPLICATIONS FROM VARIOUS NICHE AND VALUE-BASED PRODUCTS MARKET TO DRIVE GROWTH OF SURFACTANTS    118
TABLE 60    SURFACTANTS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    119
TABLE 61    SURFACTANTS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    119
8.6    PRINTING INKS    120
8.6.1    RISING DEMAND AND EXPANSION OF PRODUCT PORTFOLIOS BY COMPANIES TO DRIVE PRINTING INKS GROWTH    120
TABLE 62    PRINTING INKS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    120
TABLE 63    PRINTING INKS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    121
8.7    OTHER APPLICATIONS    121
TABLE 64    OTHER APPLICATIONS: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (USD MILLION)    121
TABLE 65    OTHER APPLICATIONS: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (USD MILLION)    122

9    PINE-DERIVED CHEMICALS MARKET, BY SOURCE    123
9.1    INTRODUCTION    124
FIGURE 33    PINE-DERIVED CHEMICALS MARKET SIZE (VALUE), BY SOURCE,
2022 VS. 2027    124
TABLE 66    PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2019–2021 (USD MILLION)    124
TABLE 67    PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2022–2027 (USD MILLION)    125
9.2    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET, BY SOURCE    125
9.2.1    OPTIMISTIC SCENARIO    125
TABLE 68    OPTIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY SOURCE, 2020–2023 (USD MILLION)    125
9.2.2    REALISTIC SCENARIO    125
TABLE 69    REALISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY SOURCE, 2020–2023 (USD MILLION)    125
9.2.3    PESSIMISTIC SCENARIO    126
TABLE 70    PESSIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY SOURCE, 2020–2023 (USD MILLION)    126
9.3    LIVING TREES    126
9.3.1    INCREASING DEMAND FROM END-USE INDUSTRIES AND USAGE
BY KEY PLAYERS TO DRIVE MARKET GROWTH    126
TABLE 71    LIVING TREES: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    126
TABLE 72    LIVING TREES: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    127
9.4    DEAD PINE STUMPS & LOGS    127
9.4.1    INCREASED FOCUS ON R&D AND DEMAND FROM END-USE INDUSTRIES TO PROPEL MARKET GROWTH    127
TABLE 73    DEAD PINE STUMPS & LOGS: PINE-DERIVED CHEMICALS MARKET,
BY REGION, 2019–2021 (USD MILLION)    127
TABLE 74    DEAD PINE STUMPS & LOGS: PINE-DERIVED CHEMICALS MARKET,
BY REGION, 2022–2027 (USD MILLION)    128
9.5    BY-PRODUCTS OF SULFATE PUMPING (KRAFT PROCESS)    128
9.5.1    RISING DEMAND ACROSS BORDERS AND INCREASED FOCUS ON R&D TO IMPROVE TECHNIQUES OF EXTRACTION TO DRIVE GROWTH    128
TABLE 75    BY-PRODUCTS OF SULFATE PUMPING: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (USD MILLION)    128
TABLE 76    BY-PRODUCTS OF SULFATE PUMPING: PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (USD MILLION)    129
10    PINE-DERIVED CHEMICALS MARKET, BY PROCESS    130
10.1    INTRODUCTION    131
FIGURE 34    PINE-DERIVED CHEMICALS MARKET SIZE (VALUE),
BY PROCESS, 2022 VS. 2027    131
TABLE 77    PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2019–2021 (USD MILLION)    131
TABLE 78    PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2022–2027 (USD MILLION)    131
10.2    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET, BY PROCESS    132
10.2.1    OPTIMISTIC SCENARIO    132
TABLE 79    TABLE 3: OPTIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY PROCESS, 2020–2023 (USD MILLION)    132
10.2.2    REALISTIC SCENARIO    132
TABLE 80    REALISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY PROCESS, 2020–2023 (USD MILLION)    132
10.2.3    PESSIMISTIC SCENARIO    132
TABLE 81    PESSIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY PROCESS, 2020–2023 (USD MILLION)    132
10.3    KRAFT PROCESS    133
10.3.1    COMPANIES WORLDWIDE SHIFTING THEIR FOCUS TOWARD KRAFT PROCESS TO INCREASE ITS USAGE    133
TABLE 82    KRAFT PROCESS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    134
TABLE 83    KRAFT PROCESS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    134
10.4    TAPPING PROCESS    134
10.4.1    INCREASING DEMAND FROM END-USE INDUSTRIES AND RISING TAPPERS’ NUMBERS TO BOOST TAPPING PROCESS DEMAND    134
TABLE 84    TAPPING PROCESS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    135
TABLE 85    TAPPING PROCESS: PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    135
11    PINE-DERIVED CHEMICALS MARKET, BY REGION    136
11.1    INTRODUCTION    137
FIGURE 35    CHINA TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD    137
TABLE 86    PINE-DERIVED CHEMICALS MARKET, BY REGION,
2019–2021 (USD MILLION)    138
TABLE 87    PINE-DERIVED CHEMICALS MARKET, BY REGION,
2022–2027 (USD MILLION)    138
TABLE 88    PINE-DERIVED CHEMICALS MARKET, BY REGION, 2019–2021 (KT)    138
TABLE 89    PINE-DERIVED CHEMICALS MARKET, BY REGION, 2022–2027 (KT)    139
11.2    COVID-19 IMPACT ON PINE-DERIVED CHEMICALS MARKET, BY REGION    139
11.2.1    OPTIMISTIC SCENARIOS    139
TABLE 90    OPTIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY REGION, 2020–2023 (USD MILLION)    139
11.2.2    REALISTIC SCENARIO    140
TABLE 91    REALISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY REGION, 2020–2023 (USD MILLION)    140
11.2.3    PESSIMISTIC SCENARIO    140
TABLE 92    PESSIMISTIC SCENARIO: IMPACT OF COVID–19 ON PINE-DERIVED CHEMICALS MARKET, BY REGION, 2020–2023 (USD MILLION)    140

11.3    NORTH AMERICA    140
FIGURE 36    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET SNAPSHOT    141
TABLE 93    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2019–2021 (USD MILLION)    141
TABLE 94    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    142
TABLE 95    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    142
TABLE 96    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    142
TABLE 97    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (KT)    143
TABLE 98    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (KT)    143
TABLE 99    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)    143
TABLE 100    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)    144
TABLE 101    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2019–2021 (USD MILLION)    144
TABLE 102    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2022–2027 (USD MILLION)    144
TABLE 103    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2019–2021 (USD MILLION)    145
TABLE 104    NORTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2022–2027 (USD MILLION)    145
11.3.1    US    145
11.3.1.1    Rising awareness of safe and healthy consumer products to drive demand for pine-derived chemicals    145
TABLE 105    US: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    146
TABLE 106    US: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    146
TABLE 107    US: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    146
TABLE 108    US: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    147
11.3.2    CANADA    147
11.3.2.1    Increasing focus on newer applications of pine-derived chemicals to present growth opportunities    147
TABLE 109    CANADA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    148
TABLE 110    CANADA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    148
TABLE 111    CANADA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    148
TABLE 112    CANADA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    149

11.3.3    MEXICO    149
11.3.3.1    Personal care products market and rising focus on innovation to create significant business opportunities    149
TABLE 113    MEXICO: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    149
TABLE 114    MEXICO: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    150
TABLE 115    MEXICO: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    150
TABLE 116    MEXICO: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    150
11.4    EUROPE    151
TABLE 117    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2019–2021 (USD MILLION)    151
TABLE 118    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    152
TABLE 119    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    152
TABLE 120    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    152
TABLE 121    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2019–2021 (KT)    153
TABLE 122    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2022–2027 (KT)    153
TABLE 123    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    153
TABLE 124    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    154
TABLE 125    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2019–2021 (USD MILLION)    154
TABLE 126    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2022–2027 (USD MILLION)    154
TABLE 127    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2019–2021 (USD MILLION)    154
TABLE 128    EUROPE: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2022–2027 (USD MILLION)    155
11.4.1    GERMANY    155
11.4.1.1    Rising demand for environment-friendly products and companies’ excellent expertise to boost pine-derived chemicals industry    155
TABLE 129    GERMANY: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    155
TABLE 130    GERMANY: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    156
TABLE 131    GERMANY: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    156
TABLE 132    GERMANY: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    156
11.4.2    UK    157
11.4.2.1    Increasing demand for personal care products, paints, and coating sectors to fuel demand for pine-derived chemicals    157
TABLE 133    UK: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    157
TABLE 134    UK: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    158
TABLE 135    UK: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    158
TABLE 136    UK: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    158
11.4.3    RUSSIA    159
11.4.3.1    Fastest-growing segment because of increased demand for raw materials, such as gum and wood    159
TABLE 137    RUSSIA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    159
TABLE 138    RUSSIA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    159
TABLE 139    RUSSIA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    160
TABLE 140    RUSSIA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    160
11.4.4    ITALY    160
11.4.4.1    Increased demand for bio-based pine-derived chemicals due to major rise in construction activities    160
TABLE 141    ITALY: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    161
TABLE 142    ITALY: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    161
TABLE 143    ITALY: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    161
TABLE 144    ITALY: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    162
11.4.5    SPAIN    162
11.4.5.1    Increased dependence on renewable resources to provide opportunity for pine chemicals in Spain    162
TABLE 145    SPAIN: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    162
TABLE 146    SPAIN: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    163
TABLE 147    SPAIN: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    163
TABLE 148    SPAIN: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    163
11.4.6    FRANCE    164
11.4.6.1    Need for renewable and sustainable products to flourish pine-derived chemicals segment    164
TABLE 149    FRANCE: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    164
TABLE 150    FRANCE: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    164
TABLE 151    FRANCE: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    165
TABLE 152    FRANCE: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    165
11.4.7    REST OF EUROPE    165
TABLE 153    REST OF EUROPE: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    166
TABLE 154    REST OF EUROPE: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    166
TABLE 155    REST OF EUROPE: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)    166
TABLE 156    REST OF EUROPE: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)    167
11.5    ASIA PACIFIC    167
FIGURE 37    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET SNAPSHOT    168
TABLE 157    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2019–2021 (USD MILLION)    168
TABLE 158    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    169
TABLE 159    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    169
TABLE 160    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    169
TABLE 161    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (KT)    170
TABLE 162    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (KT)    170
TABLE 163    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    170
TABLE 164    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    171
TABLE 165    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2019–2021 (USD MILLION)    171
TABLE 166    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2022–2027 (USD MILLION)    171
TABLE 167    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2019–2021 (USD MILLION)    172
TABLE 168    ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2022–2027 (USD MILLION)    172
11.5.1    CHINA    172
11.5.1.1    Mature adhesives, paints, and coatings industries to drive demand for pine derived chemicals products    172
TABLE 169    CHINA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    173
TABLE 170    CHINA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    173
TABLE 171    CHINA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    173
TABLE 172    CHINA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    174
11.5.2    JAPAN    174
11.5.2.1    Attractive cosmetics market and partnerships with end-use industries to present growth opportunities    174
TABLE 173    JAPAN: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    175
TABLE 174    JAPAN: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    175
TABLE 175    JAPAN: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    175
TABLE 176    JAPAN: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    176
11.5.3    INDIA    176
11.5.3.1    Partnerships and large markets for paints and adhesives to drive growth of pine-derived chemical companies    176
TABLE 177    INDIA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    177
TABLE 178    INDIA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    177
TABLE 179    INDIA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    177
TABLE 180    INDIA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    178
11.5.4    AUSTRALIA & NEW ZEALAND    178
11.5.4.1    Rising demand and partnerships with international players to present significant business opportunities    178
TABLE 181    AUSTRALIA & NEW ZEALAND: PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2019–2021 (USD MILLION)    179
TABLE 182    AUSTRALIA & NEW ZEALAND: PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2022–2027 (USD MILLION)    179
TABLE 183    AUSTRALIA & NEW ZEALAND: PINE-DERIVED CHEMICALS MARKET,
BY APPLICATION, 2019–2021 (USD MILLION)    179
TABLE 184    AUSTRALIA & NEW ZEALAND: PINE-DERIVED CHEMICALS MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)    180
11.5.5    REST OF ASIA PACIFIC    180
TABLE 185    REST OF ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    180
TABLE 186    REST OF ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    181
TABLE 187    REST OF ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET,
BY APPLICATION, 2019–2021 (USD MILLION)    181
TABLE 188    REST OF ASIA PACIFIC: PINE-DERIVED CHEMICALS MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)    181
11.6    SOUTH AMERICA    182
TABLE 189    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2019–2021 (USD MILLION)    182
TABLE 190    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    182
TABLE 191    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    183
TABLE 192    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    183
TABLE 193    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (KT)    183
TABLE 194    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (KT)    184
TABLE 195    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)    184
TABLE 196    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)    184
TABLE 197    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2019–2021 (USD MILLION)    185
TABLE 198    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY SOURCE,
2022–2027 (USD MILLION)    185
TABLE 199    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2019–2021 (USD MILLION)    185
TABLE 200    SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY PROCESS,
2022–2027 (USD MILLION)    185
11.6.1    BRAZIL    186
11.6.1.1    Growing economy and availability of low-cost labor to drive demand for pine-derived chemicals    186
TABLE 201    BRAZIL: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    186
TABLE 202    BRAZIL: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    186
TABLE 203    BRAZIL: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    187
TABLE 204    BRAZIL: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    187
11.6.2    ARGENTINA    187
11.6.2.1    Rising demand for end-consumer products to increase demand for pine-derived chemicals market in Argentina    187
TABLE 205    ARGENTINA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    188
TABLE 206    ARGENTINA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    188
TABLE 207    ARGENTINA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    188
TABLE 208    ARGENTINA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    189
11.6.3    REST OF SOUTH AMERICA    189
TABLE 209    REST OF SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2019–2021 (USD MILLION)    189
TABLE 210    REST OF SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE, 2022–2027 (USD MILLION)    190
TABLE 211    REST OF SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET,
BY APPLICATION, 2019–2021 (USD MILLION)    190
TABLE 212    REST OF SOUTH AMERICA: PINE-DERIVED CHEMICALS MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)    190"
"11.7    REST OF THE WORLD    191
TABLE 213    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY SUB-REGION, 2019–2021 (USD MILLION)    191
TABLE 214    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY SUB-REGION, 2022–2027 (USD MILLION)    191
TABLE 215    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    191
TABLE 216    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    192
TABLE 217    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (KT)    192
TABLE 218    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (KT)    192
TABLE 219    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)    193
TABLE 220    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)    193
TABLE 221    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY SOURCE, 2019–2021 (USD MILLION)    193
TABLE 222    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY SOURCE, 2022–2027 (USD MILLION)    194
TABLE 223    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY PROCESS, 2019–2021 (USD MILLION)    194
TABLE 224    REST OF THE WORLD: PINE-DERIVED CHEMICALS MARKET, BY PROCESS, 2022–2027 (USD MILLION)    194
11.7.1    AFRICA    194
11.7.1.1    Huge pine reserves and limited pine processing industries to boost business opportunities    194
TABLE 225    AFRICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    195
TABLE 226    AFRICA: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    195
TABLE 227    AFRICA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    195
TABLE 228    AFRICA: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    196
11.7.2    MIDDLE EAST    196
11.7.2.1    Rising awareness and demand for bio-based fuels to present newer business opportunities for pine-derived chemicals    196
TABLE 229    MIDDLE EAST: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2019–2021 (USD MILLION)    196
TABLE 230    MIDDLE EAST: PINE-DERIVED CHEMICALS MARKET, BY TYPE,
2022–2027 (USD MILLION)    197
TABLE 231    MIDDLE EAST: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2019–2021 (USD MILLION)    197
TABLE 232    MIDDLE EAST: PINE-DERIVED CHEMICALS MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    197
12    COMPETITIVE LANDSCAPE    198
12.1    OVERVIEW    198
12.2    MARKET SHARE ANALYSIS, 2021    198
TABLE 233    PINE-DERIVED CHEMICALS MARKET SHARE ANALYSIS, 2021    199
12.3    HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS    199
FIGURE 38    REVENUE ANALYSIS OF KEY PLAYERS IN MARKET,
2018–2020 (USD BILLION)    199
12.4    COVID-19-SPECIFIC COMPANY RESPONSE    200
12.4.1    EASTMAN CHEMICAL COMPANY (US)    200
12.4.2    HARIMA CHEMICALS GROUP (JAPAN)    200
12.4.3    INGEVITY CORPORATION (US)    200
12.4.4    KRATON CORPORATION (US)    200
12.4.5    MENTHA AND ALLIED PRODUCTS PVT. LTD. (INDIA)    200
12.5    COMPANY EVALUATION QUADRANT (KEY PLAYERS)    201
12.5.1    STARS    201
12.5.2    PERVASIVE PLAYERS    201
12.5.3    EMERGING LEADERS    201
12.5.4    PARTICIPANTS    201
FIGURE 39    PINE-DERIVED CHEMICALS MARKET: COMPANY EVALUATION QUADRANT, 2021 (KEY PLAYERS)    202
12.5.5    PINE-DERIVED CHEMICALS PRODUCT FOOTPRINT (KEY PLAYERS)    203
TABLE 234    COMPANY FOOTPRINT, BY TYPE (KEY PLAYERS)    203
TABLE 235    COMPANY FOOTPRINT, BY APPLICATION (KEY PLAYERS)    204
TABLE 236    COMPANY FOOTPRINT, BY SOURCE (KEY PLAYERS)    204
TABLE 237    COMPANY FOOTPRINT, BY REGION (KEY PLAYERS)    205
TABLE 238    OVERALL COMPANY FOOTPRINT (KEY PLAYERS)    205
12.6    PINE-DERIVED CHEMICALS MARKET, OTHER PLAYERS EVALUATION QUADRANT, 2021    206
12.6.1    PROGRESSIVE COMPANIES    206
12.6.2    STARTING BLOCKS    206
12.6.3    RESPONSIVE COMPANIES    206
12.6.4    DYNAMIC COMPANIES    206
FIGURE 40    PINE-DERIVED CHEMICALS MARKET: COMPANY EVALUATION
QUADRANT, 2021 (OTHER PLAYERS)    207
TABLE 239    PINE-DERIVED CHEMICALS: COMPETITIVE BENCHMARKING OF
OTHER PLAYERS    208
12.7    COMPETITIVE SCENARIO    209
12.7.1    NEW PRODUCT LAUNCHES    209
TABLE 240    PINE-DERIVED CHEMICALS MARKET: NEW PRODUCT LAUNCHES, 2018-2019    209
12.7.2    DEALS    210
TABLE 241    PINE-DERIVED CHEMICALS MARKET: OTHERS, 2018-2022    210
TABLE 242    PINE-DERIVED CHEMICALS MARKET: DEALS, 2018-2020    211

13    COMPANY PROFILES    212
13.1    KEY PLAYERS    212
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View)*
13.1.1    EASTMAN CHEMICAL COMPANY    212
TABLE 243    EASTMAN CHEMICAL COMPANY: BUSINESS OVERVIEW    212
FIGURE 41    EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT    213
TABLE 244    EASTMAN CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/
SERVICES OFFERED    213
TABLE 245    EASTMAN CHEMICAL COMPANY: OTHERS    218
13.1.2    HARIMA CHEMICALS GROUP    220
TABLE 246    HARIMA CHEMICALS GROUP: BUSINESS OVERVIEW    220
FIGURE 42    HARIMA CHEMICALS GROUP: COMPANY SNAPSHOT    221
TABLE 247    HARIMA CHEMICALS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221
TABLE 248    HARIMA CHEMICALS GROUP: DEALS    222
13.1.3    INGEVITY CORPORATION    223
TABLE 249    INGEVITY CORPORATION: BUSINESS OVERVIEW    223
FIGURE 43    INGEVITY CORPORATION: COMPANY SNAPSHOT    224
TABLE 250    INGEVITY CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    224
TABLE 251    INGEVITY CORPORATION: DEALS    225
13.1.4    KRATON CORPORATION    226
TABLE 252    KRATON CORPORATION: BUSINESS OVERVIEW    226
FIGURE 44    KRATON CORPORATION: COMPANY SNAPSHOT    227
TABLE 253    KRATON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    227
13.1.5    MENTHA AND ALLIED PRODUCTS PVT LTD.    230
TABLE 254    MENTHA AND ALLIED PRODUCTS PVT LTD.    230
TABLE 255    MENTHA AND ALLIED PRODUCTS PVT LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    230
13.1.6    MAHENDRA ROSIN AND TURPENTINE PVT LTD.    233
TABLE 256    MAHENDRA ROSIN AND TURPENTINE PVT LTD: BUSINESS OVERVIEW    233
TABLE 257    MAHENDRA ROSIN AND TURPENTINE PVT LTD: PRODUCTS/
SOLUTIONS/SERVICES OFFERED    233
13.1.7    ARAKAWA CHEMICAL INDUSTRIES, LTD.    235
TABLE 258    ARAKAWA CHEMICAL INDUSTRIES, LTD.: BUSINESS OVERVIEW    235
FIGURE 45    ARAKAWA CHEMICAL INDUSTRIES, LTD.: COMPANY SNAPSHOT    235
TABLE 259    ARAKAWA CHEMICAL INDUSTRIES, LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED    236
13.1.8    GEORGE-PACIFIC CHEMICALS    238
TABLE 260    GEORGE-PACIFIC CHEMICALS: BUSINESS OVERVIEW    238
TABLE 261    GEORGE-PACIFIC CHEMICALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    238
TABLE 262    GEORGE-PACIFIC CHEMICALS: OTHERS    239
13.1.9    FORCHEM OYJ    240
TABLE 263    FORCHEM OYJ: BUSINESS OVERVIEW    240
TABLE 264    FORCHEM OYJ: PRODUCTS/SOLUTIONS/SERVICES OFFERED    240
TABLE 265    FORCHEM OYJ: NEW PRODUCT LAUNCHES    241
13.1.10    FLORACHEM CORPORATION    242
TABLE 266    FLORACHEM CORPORATION: BUSINESS OVERVIEW    242
TABLE 267    FLORACHEM CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    242
TABLE 268    FLORACHEM CORPORATION: OTHERS    243
13.2    OTHER PLAYERS    244
13.2.1    DRT (DÉRIVÉS RÉSINIQUES ET TERPÉNIQUES)    244
TABLE 269    DRT (DÉRIVÉS RÉSINIQUES ET TERPÉNIQUES): BUSINESS OVERVIEW    244
TABLE 270    DRT (DÉRIVÉS RÉSINIQUES ET TERPÉNIQUES): PRODUCTS/SOLUTIONS/ SERVICES OFFERED    244
TABLE 271    DRT (DÉRIVÉS RÉSINIQUES ET TERPÉNIQUES: DEALS    245
TABLE 272    DRT (DÉRIVÉS RÉSINIQUES ET TERPÉNIQUES): OTHERS    246
13.2.2    FOREVEREST RESOURCES LTD.    247
TABLE 273    FOREVEREST RESOURCES LTD: BUSINESS OVERVIEW    247
TABLE 274    FOREVEREST RESOURCES LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    247
TABLE 275    FOREVEREST RESOURCES LTD: NEW PRODUCT LAUNCHES    248
13.2.3    WUZHOU SUNSHINE FORESTRY & CHEMICALS CO. LTD.    249
TABLE 276    WUZHOU SUN SHINE FORESTRY & CHEMICALS CO. LTD.:
BUSINESS OVERVIEW    249
TABLE 277    WUZHOU SUNSHINE FORESTRY & CHEMICALS CO. LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED    249
13.2.4    GUILIN SONGQUAN FOREST CHEMICAL CO. LTD.    251
TABLE 278    GUILIN SONGQUAN FOREST CHEMICAL CO. LTD.: BUSINESS OVERVIEW    251
TABLE 279    GUILIN SONGQUAN FOREST CHEMICAL CO. LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED    251
13.2.5    MIDHILLS ROSIN & TURPENES    252
TABLE 280    MIDHILLS ROSIN & TURPENES: BUSINESS OVERVIEW    252
TABLE 281    MIDHILLS ROSIN & TURPENES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    252
13.2.6    RESINAS ALFONSO CRIADO MARTÍN    253
13.2.7    FLORPINUS CHEMICAL INDUSTRIES    253
13.2.8    PINECHEMICAL GROUP OY    254
13.2.9    PUNJAB ROSIN & CHEMICAL WORKS    254
13.2.10    KEICHEM INDONESIA    255
Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.

14    ADJACENT AND RELATED MARKETS    256
14.1    INTRODUCTION    256
TABLE 282    ADJACENT MARKETS TO PINE-DERIVED CHEMICALS MARKET    256
14.2    LIMITATIONS    256
14.3    RENEWABLE CHEMICAL MARKET    256
14.3.1    MARKET DEFINITION    256
14.3.2    MARKET OVERVIEW    257
TABLE 283    RENEWABLE CHEMICAL MARKET, BY TYPE, 2013–2020 (USD MILLION)    257
14.4    CONSTRUCTION CHEMICAL MARKET    257
14.4.1    MARKET DEFINITION    257
14.4.2    MARKET OVERVIEW    258
TABLE 284    CONSTRUCTION CHEMICAL MARKET, BY TYPE, 2013–2020 (USD MILLION)    258
15    APPENDIX    259
15.1    DISCUSSION GUIDE    259
15.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    264
15.3    AVAILABLE CUSTOMIZATIONS    266
15.4    RELATED REPORTS    266
15.5    AUTHOR DETAILS    267"