The gum and wood chemicals market size is expected to see rapid growth in the next few years. It will grow to $661.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to renewable and sustainable materials, biopolymers and bio-based products, food ingredient innovation, pharmaceutical and nutraceutical growth. Major trends in the forecast period include plant-based binders and stabilizers, sustainable extraction practices, natural and organic product claimsbiodegradable materials.
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Segmentation & Regional Insights
The gum and wood chemicals market covered in this report is segmented –
1) By Product Type: Gum Arabic, Guar Gum, Wood Chemicals, Charcoal, Tannic Acid
2) By Sales Channel: Direct Sales, Distributor
3) By End User: Commercial, Industrial, Household
Asia-Pacific was the largest region in the gum and wood chemicals market in 2023. North America was the second-largest region in the global gum and wood chemicals market. The regions covered in the gum and wood chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market. Gum Arabic is a natural and flexible ingredient used in food, drinks, and chemical products. Gum Arabic is produced in African nations and is mainly used in the food industry. Additionally, it is used as a stabilizer, binder, and emulsifier in soft drinks, wine, and liquor. It also finds its applications in pharmaceuticals, cosmetics, printing, ceramics, photosensitive chemicals, textiles, paper, ink, paints, and adhesives. For instance, according to the Observatory of Economic Complexity (OEC), a leading data visualization tool for international trade data, gum Arabic was the 3187th most traded good in the world in 2021, with $363M in total trade. Exports of gum Arabic increased by 7.33% between 2020 and 2021, from $338 million to $363 million. Thus, the rising demand for gum Arabic contributed to the growth of the gum and wood chemicals market.
Key Industry Players
Major companies operating in the gum and wood chemicals market include Royal Oak Enterprises LLC, Abbey Color Inc., Borregaard AS, Braai Star Charcoal, E & C Charcoal (Pty) Ltd, Georgia-Pacific Chemicals LLC, Kraton Corporation, WestRock Company, International Paper Company, Rayonier Advanced Materials Inc., Weyerhaeuser Company, Mercer International Inc., Domtar Corporation, Resolute Forest Products Inc., Sappi Limited, UPM-Kymmene Oyj, Mondi plc, Stora Enso Oyj, Suzano SA, Fibria Celulose SA, Klabin SA, Arauco North America Inc., Empresas CMPC SA, Eldorado Brasil Celulose SA, Asia Symbol (Shandong) Pulp and Paper Co. Ltd., Nine Dragons Paper Limited, Lee & Man Paper Manufacturing Limited, Shandong Chenming Paper Holdings Limited, Svenska Cellulosa Aktiebolaget SCA, Metsä Group, Nippon Paper Industries Co. Ltd., Oji Holdings Corporation, Rengo Co. Ltd., Daio Paper Corporation, Hokuetsu Corporation
The gum and wood chemicals market report table of contents includes:
1. Executive Summary
2. Gum And Wood Chemicals Market Characteristics
3. Gum And Wood Chemicals Market Trends And Strategies
4. Gum And Wood Chemicals Market – Macro Economic Scenario
5. Global Gum And Wood Chemicals Market Size and Growth
…………………..
31. Global Gum And Wood Chemicals Market Competitive Benchmarking
32. Global Gum And Wood Chemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Gum And Wood Chemicals Market
34. Gum And Wood Chemicals Market Future Outlook and Potential Analysis
35. Appendix
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