Turpentine is a co-product of the rosin refining process, and for every 1 ton of rosin produced, approximately 0.13-0.25 tons of turpentine can also be obtained at the same time. Turpentine is a liquid mixture of terpenes, mainly α-pinene and β-pinene, with a distinctive aromatic odor that has been used to synthesize natural fragrances or as natural medicines and natural solvents.
This report contains market size and forecasts of Turpentine Oil in Global, including the following market information:
Global Turpentine Oil Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Turpentine Oil market was valued at 4403.7 million in 2021 and is projected to reach US$ 4830.5 million by 2028, at a CAGR of 1.3% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Grease Turpentine Oil Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Turpentine Oil include Grupo RB, PT Nasco, DRT, International Flavors & Fragrances, Symrise, WestRock, International Paper, Pine Chemical Group and Georgia-Pacific, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Turpentine Oil companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Turpentine Oil Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Turpentine Oil Market Segment Percentages, by Type, 2021 (%)
Grease Turpentine Oil
Sulfate Turpentine Oil
Wood Turpentine Oil
Distilled Turpentine Oil
Global Turpentine Oil Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Turpentine Oil Market Segment Percentages, by Application, 2021 (%)
Fragrance Chemicals
Adhesives
Paints and Printing Inks
Others
Global Turpentine Oil Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Turpentine Oil Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Turpentine Oil revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Turpentine Oil revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Grupo RB
PT Nasco
DRT
International Flavors & Fragrances
Symrise
WestRock
International Paper
Pine Chemical Group
Georgia-Pacific
Kraton Corporation
Stora Enso
Wuzhou Sun Shine Forestry & Chemicals
Guangdong KOMO
Jiangxi Feishang Forest
TLLONG GROUP