Pine-Derived Chemicals Market SWOT Analysis, Business Growth Opportunities by Top Companies, Future Challenges, Competitive Strategies and Forecast to 2030
The global coronavirus outbreak has created a number of challenges, facing players in terms of sourcing raw materials for production of pine-derived chemicals. A heavy crackdown on transport traffic and international trade disruptions are restraining the pine-derived chemicals market amid COVID019 pandemic. The market has been projected to surpass a US$ 7.7 Bn value pool in the forecast period between 2020 and 2030 by a new FMI report. The demand for pine-derived chemicals is sliding owing to the current pandemic, which has resulted in producers seeking alternative sourcing partners to keep operations running. PINE-DERIVED CHEMICALS MARKET – KEY RESEARCH FINDINGS The global pine-derived chemicals market will expand at a CAGR of 4.3% over 2020-2030. The surfactant group holds a large share of the global demand for pine-derived chemicals. Printing inks remain the preferred application; rubber to gain traction. Key manufacturers are likely to invest in pine-derived chemicals to discov