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Bactericide is a Major Use of Pine Oil, and the Epidemic Has Stimulated Its Market

Pine oil is an essential oil obtained by steam distillation from the stumps, needles, shoots, and cones of various pine trees, especially camphor pine. It is usually distinguished by the amount of alcohol content, expressed as a percentage, commonly 50% pine oil, 65% pine oil, and 85% pine oil. In 2021, these three types of pine oil accounted for a market share of 18.87%, 35.03%, and 27.96%, respectively. In terms of the market share of each type of pine oil, 65% pine oil is the main type of the market. In terms of market trends, the 50% pine oil and 85% pine oil markets will expand in the future, but 65% pine oil still accounts for the largest market.

Pine oil is versatile, which can be used as a concentrator making component, acting in the first stage of metal extraction from the ore, helping to remove as much vein rock as possible and preparing the ore for smelting and refining. Pine oil has strong emulsification, good wetting, soaking and leveling properties, so it can be used for washing, fabric dyeing and cleaning agents for paints, varnishes, oils, etc.; pine oil can also be used to make fungicides to kill bacteria. The production of perfume is also inseparable from pine oil. In addition, pine oil has antibacterial, antiseptic and antifungal properties and is a natural analgesic and anti-inflammatory agent. 2021, pine oil used in mineral concentrates, detergents, fungicides and perfumes accounted for 12.26%, 36.61%, 22.46% and 12.11% of the market each.

Pine Oil Industry Market Development Status and Trends Under the Influence of the Epidemic

As a naturally occurring extract in nature, pine oil has a certain disinfection effect on common bacteria in life, and is commonly used in many countries such as Europe and the United States to formulate highly concentrated disinfectants or cleaning products. Its end products are fresh and pleasant smelling, non-toxic and environmentally friendly, and are more suitable for home disinfection. Among them, natural pine oil formulated with high concentration disinfectant can effectively kill Staphylococcus aureus, Escherichia coli, Pseudomonas aeruginosa and other propagating bacteria; glutaraldehyde, formaldehyde, sodium hypochlorite, iodophor compound disinfectant can ideally kill spores and viruses.

With the spread of the Newcastle pneumonia epidemic, efforts are being made worldwide to combat the outbreak. In addition to the necessary medical supplies such as protective clothing and masks, the demand for disinfection supplies has increased dramatically. This presents a good growth opportunity for pine oil and pine oil-related cleaning products. Currently, the demand for disinfection products will continue to increase. Therefore, the demand for pine oil from pine oil downstream cleaning products companies will also increase to some extent. The industry is being affected to some extent in the context of the New Crown epidemic. According to historical data, the impact of natural disasters on macroeconomics is usually short-term, and the economy tends to show a v-shaped trend. Affected by disasters and market sentiment, economic growth usually drops sharply in a short period of time, but as the disaster is gradually brought under control and market sentiment regains stability, temporarily suppressed consumption and investment demand will be released, leading to an economic rebound. With the rising awareness of germicidal disinfection, the share of pine oil for germicides is expected to increase, reaching 22.99% in 2025.

In terms of regional distribution, Asia Pacific is the largest revenue market in the global pine oil industry. in 2015, Asia Pacific pine oil market share was 45.09% and its market share in 2021 is 45.85%, an increase of 0.76%. In addition, North America, Europe, South America, Middle East and Africa accounted for 21.33%, 20.31%, 8.20% and 4.30% respectively in 2021.

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Pine Oil Industry Companies and Market Volume Analysis

Sky Dragon-Fine-Chem, GuangDong Pine Forest Perfume Ltd. and Socer Brasil are the three leading companies in the global pine oil industry, accounting for 16.99%, 11.40%, and 5.37% of the market share in 2019, respectively.Sky Dragon-Fine-Chem is located in Deqing Industrial Zone, Zhaoqing City, Guangdong Province, China, produces pine oil, a mixture of terpene alcohols and terpene hydrocarbons, which is mainly used in the production of household detergents, industrial cleaners, high-quality ink and paint solvents, and at low concentrations as an ore flotation foaming agent. guangDong Pine Forest Perfume Ltd. produces pine oil, a mixture of terpene hydrocarbons and cyclic terpene alcohols, which is used in Socer Brasil is a leading fine chemicals company in China.

According to the data, the global pine oil market size was US$ 88.31 Mn in 2015 and increased to US$ 122.87 Mn in 2021. The downstream demand for pine oil is expected to grow steadily as the economy grows and consumers have more disposable income to purchase non-essential products. According to the forecast, the global pine oil market will maintain a growth rate of around 6% and its market size will reach USD 156.05 million in 2025.

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