04-Oct-2022 | Facts and Factors
According to Facts and Factors, the global crude sulfate turpentine market size was worth USD 672.40 million in 2021 and is estimated to grow to USD 817.01 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.30% over the forecast period. The report analyzes the crude sulfate turpentine market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the crude sulfate turpentine market.
Crude sulfate turpentine is also known as sulfate wood turpentine. It is produced by distilling resin from living plants, primarily pines, and is a turpentine derivative. It is a combustible fluid that dissolves in a few different solvents but is insoluble in water. Turpentine is also known as wood turpentine, turpentine oil, and turpentine spirit. For a certain price, crude sulfate turpentine can be extracted yearly or every six months. It is a byproduct of the procedure used to make pulp. Direct from the plants; the manufacturers deliver the goods. It is a volatile amber liquid with important components, including alpha- and beta-pinene, which serve as the basis for various natural flavors and smells.
Browse the full “Crude Sulfate Turpentine Market Size, Share, Growth Analysis Report By Type (Alpha-pinene, Beta-pinene, Delta-3-Carene, Camphene, Limonene, Others (Terpenes and P-cymene)), By Application (Aromatic Chemicals, Adhesives, Paints & Printing Inks, Camphor, Others (Metallurgy And Textile)), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/crude-sulfate-turpentine-market
The market for aroma chemicals, personal care products, and home care items has expanded, which has contributed to the rise of the crude sulfate turpentine industry. The market for crude sulfate turpentine is also anticipated to grow due to the product's numerous end-user uses in the paint and coating sectors, including its use as binders or film formers in paints and coatings. Demand for crude sulfate turpentine is predicted to rise as the vehicle sector expands, boosting the global crude sulfate turpentine market's growth. Increasing paper production, rising demand for bio-friendly products across a range of industries, the availability of reasonably priced raw materials, and rising demand for fragrance ingredients—which previously primarily required crude sulfate turpentine—are additional factors that are anticipated to support the growth of the crude sulfate turpentine market.
The global crude sulfate turpentine market is segregated based on type, application, and region. The market, based on type, is divided into alpha-pinene, beta-pinene, delta-3-carene, camphene, limonene, and others (terpenes and p-cymene). Among these, the alpha-pinene segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. The market, based on application, is divided into aromatic chemicals, adhesives, paints & printing inks, camphor, and others (metallurgy and textile). Among these, the aromatic chemicals segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period.
The global crude sulfate turpentine market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America became the largest regional market in 2021 as a result of the existence of the major exporters. The region is anticipated to maintain its dominance over the predicted years. North America dominates the global market for crude sulfate turpentine due to sectors including paints and flavoring chemicals, which are the main consumers of turpentine sulfate. Raw sulfate turpentine is widely produced and consumed in the United States and Canada.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 672.40 Million |
Projected Market Size in 2028 |
USD 817.01 Million |
CAGR Growth Rate |
3.30% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Renessenz LLC, International Flavors & Fragrances Inc, Privi Organics Limited, Dujodwala Paper Chemicals Ltd., and Arizona Chemical Company LLC. Derives Resiniques et Terpeniqes, Lawter Inc, Harting S.A, Pine Chemical Group., and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global crude sulfate turpentine market include Renessenz LLC, International Flavors & Fragrances Inc, Privi Organics Limited, Dujodwala Paper Chemicals Ltd., and Arizona Chemical Company LLC. Derives Resiniques et Terpeniqes, Lawter Inc, Harting S.A, and Pine Chemical Group.
Global Crude Sulfate Turpentine Market is segmented as follows:
By Type
- Alpha-pinene
- Beta-pinene
- Delta-3-carene
- Camphene
- Limonene
- Others (terpenes and p-cymene)
By Application
- Aromatic chemicals
- Adhesives
- Paints and printing inks
- Camphor
- Others (metallurgy and textile)
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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