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Pine-derived chemicals are substances extracted from pine trees, and they have a variety of applications in different industries. Some common pine-derived chemicals include turpentine, rosin, and tall oil. The global pine-derived chemicals market size is estimated to be valued at USD 5.5 billion in 2022. It is projected to reach USD 6.8 billion by 2027, recording a CAGR of 4.5%, in terms of value. The Increasing demand for renewable resources and the application of pine-derived chemicals in the end-user industry to drive the market.
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