"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Turpentine Oil market size, share & industry analysis, By Type (Fat Turpentine, Sulphate Turpentine, Wood Turpentine, Carbonization Turpentine), By Application (Paper, Paint, Medicines, Dyes, Others) and regional forecast 2021-2028

Region : Global | Report ID: FBI103803 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Turpentine oil is an energy recovery oil derived during the process of Kraft wood pulping. It is generally used as commodity material. The oil comprises if various aromatic organic compounds like beta-pinene, alpha-pinene and certain types of terpenes. They are generally used as precursor chemical for synthesis of flavorings, fragrances, pinenes, polymer additives and pine oils. It has comparatively lower healing constant than gasoline, propane, and butane which makes its ideal commercial fuel for industrial boilers and furnaces.


The increasing demand for chemical products with artificial flavorings, fragrance agents and solvents is boosting the demand for turpentine oil. Additionally, the increasing demand for eco-friendly household and personal care products shall foster the demand. The use of this oil as alternative fuel for wide range of industrial applications shall act as an opportunity for market growth.


However, the cost of turpentine oil is slightly higher. Availability of cheaper petroleum alternatives like petrol and diesel shall limit the market growth.


Key Market Driver -

Increasing demand for flavoring and fragrance agents.

Key Market Restraint -

Availability of cheaper alternatives.


Market Segmentation:


Based on type, the market is segmented into fat turpentine, sulphate turpentine, wood turpentine, and carbonization turpentine. Based on application, the market is segmented into, paper, paint, medicines, dyes, and others.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered:


The global turpentine oil market consists of global & regional players operating. Some of the key players in the market include Kandla Energy, Mentha & Allied Products Private Limited, Kantian Gram Udyog Samiti, WeiBoLi Yang technology, M/s Suraj Paint and Varnish Industries, Pine Chemical Group, and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Turpentine Oil Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to hold the maximum share attributed to the large number of chemical compounds manufacturing companies in China, Japan, India and South Korea. North America is expected to show significant growth attributed to the increase in disposable income and substantial spending on hygiene and personal care products. Europe shall make considerable growth attributed to the high demand for personal care products like body lotions, essential oils and perfumes. Latin America and Middle East and Africa are expected to show sluggish growth by the end of the forecast period.


To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Fat Turpentine

  • Sulphate Turpentine

  • Wood Turpentine

  • Carbonization Turpentine



By Application




  • Paper

  • Paint

  • Medicines

  • Dyes

  • Others



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)



Turpentine Oil Industry Developments



  • Pine Chemicals is a chemical company which produces crude sulphate turpentine as a by-product of cellulose making by sulphate process. It is further cleaned from sulphates and its compounds and used in different application areas.


Turpentine Oil market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

3M
uniliver
BASF
Petronas
UBS

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X