Global Pine Derived Chemicals Market was valued US$ 4.73 Bn and is foreseen to reach US$ 6.81 Bn by 2026 at a CAGR of 4.66 %.
Rising utilities in the adhesives, printing inks, soaps and detergents, plasticizers, resins, surface coatings, fragrance chemicals and the others are factors driving the global pine-derived chemicals market. Growing industrialization, the demand for environment-friendly and renewable raw materials are the factors driving the demand of pine-derived chemicals. Limited availability is poses a challenge to the growth of the global pine derived chemical market during the forecast period.
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