| Product Code: ETC8848821 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to be a significant importer of pine chemicals, with top suppliers including China, USA, Spain, Metropolitan France, and Japan. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a decline with a negative Compound Annual Growth Rate (CAGR) of -10.91% from 2020 to 2024. The year-on-year growth rate in 2024 further decreased by -9.14%, signaling potential challenges and shifts in the market dynamics for pine chemicals import shipments into the Philippines.

The pine chemicals market in the Philippines is supported by the demand for resins, adhesives, and flavors derived from pine trees. These bio-based chemicals find applications in adhesives, fragrances, and inks, contributing to the countrys broader shift toward sustainable and green chemistry.
Pine chemicals derived from pine trees are used across adhesives, coatings, and fragrances. In the Philippines, demand is driven by the packaging, construction, and personal care industries. Import reliance remains high, but there are efforts to explore local resin production for value-added manufacturing.
The pine chemicals market is affected by limited pine feedstock sources, underdeveloped extraction facilities, and competition from synthetic alternatives. Regulatory constraints related to forestry practices and lack of investment in bio-refining technologies also inhibit the growth of this bio-based chemical sector.
Derived from pine trees, pine chemicals are used in adhesives, inks, and fragrances. Investment potential exists in sustainable forestry, chemical extraction technologies, and partnerships with FMCG companies using these ingredients in their products.
The pine chemicals market, which includes rosin, turpentine, and derivatives, is governed by environmental and chemical safety policies. The Environmental Management Bureau (EMB) of the Department of Environment and Natural Resources (DENR) regulates emissions and waste handling in chemical processing facilities. The Fertilizer and Pesticide Authority (FPA) may oversee some downstream applications of pine chemicals. Import and export of raw pine resins or finished products require permits and product labeling per DTI regulations, while manufacturers must comply with chemical safety rules and disaster risk management protocols.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Pine Chemicals Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Pine Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Pine Chemicals Market - Industry Life Cycle |
3.4 Philippines Pine Chemicals Market - Porter's Five Forces |
3.5 Philippines Pine Chemicals Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Pine Chemicals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Pine Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and sustainable products in various industries |
4.2.2 Increasing awareness about the benefits of pine chemicals in applications such as adhesives, paints, and coatings |
4.2.3 Expansion of the manufacturing sector in the Philippines, driving the need for raw materials like pine chemicals |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Lack of advanced technology and infrastructure for efficient extraction and processing of pine chemicals in the Philippines |
5 Philippines Pine Chemicals Market Trends |
6 Philippines Pine Chemicals Market, By Types |
6.1 Philippines Pine Chemicals Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Pine Chemicals Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Philippines Pine Chemicals Market Revenues & Volume, By Tall Oil, 2021- 2031F |
6.1.4 Philippines Pine Chemicals Market Revenues & Volume, By Rosin, 2021- 2031F |
6.1.5 Philippines Pine Chemicals Market Revenues & Volume, By Turpentine, 2021- 2031F |
6.1.6 Philippines Pine Chemicals Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Pine Chemicals Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Pine Chemicals Market Revenues & Volume, By Paints and Coatings, 2021- 2031F |
6.2.3 Philippines Pine Chemicals Market Revenues & Volume, By Solvents and Disinfectants, 2021- 2031F |
6.2.4 Philippines Pine Chemicals Market Revenues & Volume, By Printing Ink, 2021- 2031F |
6.2.5 Philippines Pine Chemicals Market Revenues & Volume, By Synthetic Rubber, 2021- 2031F |
6.2.6 Philippines Pine Chemicals Market Revenues & Volume, By Flavors and Fragrances, 2021- 2031F |
7 Philippines Pine Chemicals Market Import-Export Trade Statistics |
7.1 Philippines Pine Chemicals Market Export to Major Countries |
7.2 Philippines Pine Chemicals Market Imports from Major Countries |
8 Philippines Pine Chemicals Market Key Performance Indicators |
8.1 Sustainability certifications obtained by pine chemical producers in the Philippines |
8.2 Research and development investments in innovative pine chemical applications |
8.3 Percentage of local pine chemicals used in domestic manufacturing industries |
9 Philippines Pine Chemicals Market - Opportunity Assessment |
9.1 Philippines Pine Chemicals Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Pine Chemicals Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Pine Chemicals Market - Competitive Landscape |
10.1 Philippines Pine Chemicals Market Revenue Share, By Companies, 2024 |
10.2 Philippines Pine Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |