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2020 Gum And Wood Chemicals Market Size, Share, Demand, Top Key players, Key Developments and 2023 Forecast

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The Business Research Company’s Gum And Wood Chemicals Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.

The global gum and wood chemicals manufacturing market reached a value of nearly $90.7 billion in 2019, having grown at a compound annual growth rate (CAGR) of 3.09% since 2015, and is expected to grow at a CAGR of 1.64% to nearly $96.8 billion by 2023.

The gum and wood chemicals market consists of sales of gum and wood chemicals and related services. Gum and wood chemicals are used in various applications such as in home decorations, public facility buildings, and commercial buildings. Gum and wood chemicals includes establishments that produce hardwood and softwood distillation products, wood and naval stores, charcoal, natural dyestuffs, and natural tanning materials.

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The gum and wood chemicals market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia Pacific was the largest region in the gum and wood chemicals manufacturing market in 2019.

The gum and wood chemicals market covered in this report is segmented by product type into gum Arabic, guar gum, wood chemicals, charcoal, and tannic acid. It is also segmented by end-user into commercial, industrial, household.

Major players in the market are Royal Oak Enterprises, Hickory Specialties, Campfire Charcoal, Abbey Color, Arizona Chemical, Borregaard Ligno Tech, Braaistar, Ceresking EcologyandTech, Deqing Yinlong Industrial, E and C Charcoal.

1) By Product Type: Gum Arabic; Guar Gum; Wood Chemicals; Charcoal; Tannic Acid 2) By End-User: Commercial; Industrial; Household

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