Crude Sulfate Turpentine Market size was valued at USD 577.2 Million in 2023 and the total Crude Sulfate Turpentine Market revenue is expected to grow at a CAGR of 5.3% from 2024 to 2030, reaching nearly USD 828.56 Billion by 2030.Crude Sulfate Turpentine Market Definition:
Cooking sulphate cellulose produces crude sulphate turpentine, which is used for oil-based paint thinning, lacquer making, and as a raw material in the chemical industry. It is used as a fuel and contains terpenes, alpha-pinene, beta-pinene, and other chemical substances. They are widely utilized in adhesives, paints, and printing inks, as well as camphor and fragrant camphor.Crude Sulfate Turpentine Market Overview
Cooking sulphate cellulose produces crude sulphate turpentine, which is used for oil-based paint thinning, lacquer making, and as a raw material in the chemical industry. It is used as a fuel and contains terpenes, alpha-pinene, beta-pinene, and other chemical substances. They are widely utilized in adhesives, paints, and printing inks, as well as camphor and fragrant camphor.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2018 to forecast the market through 2030. 2023is considered a base year however 2023’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report.
Crude Sulfate Turpentine Market Dynamics:
Camphene is widely used as a food additive in the food and beverage industries to improve flavour and extend shelf life. The market for crude sulphate turpentine is expected to develop due to the various uses of camphene in a variety of applications. Furthermore, the growing need for crude sulphate turpentine derivatives such as pure alpha- and beta-pinene, terpineol, camphor, and carene is expected to boost demand for crude sulphate turpentine. In the projected period, the increased importance of crude sulphate turpentine derivatives as raw materials in the manufacturing of soaps, phenyls, household, and industrial cleaning products, cosmetics, and personal and home care products are expected to cascade demand for crude sulphate turpentine. Natural scents are becoming more popular as people seek to avoid synthetic-based components that might cause allergies and toxicity. Bio-based chemistry creates long-term value by supporting many industries in replacing fossil-fuel-based sources with renewable alternatives that outperform them. Furthermore, the chemical sector is seeking green feedstock and more sustainable alternatives to fossil-based goods. For example, Södra, debuted its Liquid Forest line of climate-smart bioproducts in 2021, which includes turpentine as a sustainable alternative to fossil-based chemicals and fuels. On the other hand, the primary restraint on the market is the high cost of distillation that limits manufacturers from efficient utilization of the raw material. Also, low black liquor recovery through the kraft process and the availability of less expensive petroleum-based products are expected to abstract the growth of the global crude sulfate turpentine market.Crude Sulfate Turpentine Market Segmentation
The Crude Sulfate Turpentine market is segmented into the Composition, Application, and End-use Industry. Based on the Application segment: The Crude Sulfate Turpentine market is further sub-segmented into Solvents, Aromatic Chemicals, Flavoring Agent, Adhesives, Paint Thinners, Printing Ink, and Others. Among these, Aroma chemicals application dominates the market and is expected to grow with a CAGR of xx% during the estimated period. The rise of the fragrance industry is fueled by rising demand for natural scents in developing countries like the United States and the United Kingdom, as well as substantial technology advancements to fulfill consumer needs. In addition, the need for individualized, niche, and customizable perfumes is boosting the use of aroma compounds. The use of crude sulfate turpentine derivatives in scents, tastes, and fragrances, expected to reinforce ties between companies and promote further growth. For example, in March 2021, Harima Chemicals Group signed a partnership agreement with Takasago International Corporation, a prominent manufacturer in the flavors & fragrances industry. Lawter would deliver a steady supply of turpentine derivatives to Takasogo's Aroma, Flavors & Fragrances, and Fine Chemicals companies as part of the deal.Crude Sulfate Turpentine Market Regional Insights:
North America dominates the market and is expected to grow with the highest CAGR of xx% during the forecast period (2024-2030). Thanks to the presence of key exporters in the U.S. and Canada. The establishment of biorefineries in North America is expected to boost market growth even further. Europe is the second-largest market, thanks to the widespread 'all natural' cosmetics and personal care product trend. Also, the existence of a strong personal care manufacturing base in countries such as the United Kingdom, France, and Germany would be a positive growth factor for the industry. Due to growing demand in the cosmetics and personal care industries from developing countries like China and Japan, Asia Pacific is expected to be the fastest-growing market, with a CAGR of XX%. The objective of the report is to present a comprehensive analysis of the global Crude Sulfate Turpentine to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Crude Sulfate Turpentine dynamics, structure by analyzing the market segments and project the Crude Sulfate Turpentine size. Clear representation of competitive analysis of key players By Composition, price, financial position, product portfolio, growth strategies, and regional presence in the global Crude Sulfate Turpentine make the report investor’s guide.Crude Sulfate Turpentine Industry Ecosystem
Crude Sulfate Turpentine Market Scope: Inquire before buying
Global Crude Sulfate Turpentine Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 577.2 Mn Forecast Period 2024 to 2030 CAGR: 5.3% Market Size in 2030: USD 828.56 Mn Segments Covered: by Composition Pinene Limonene Camphene Carene Terpinene Others by Application Solvents Aromatic Chemicals Flavoring Agent Adhesives Paint Thinners Printing Ink Others Crude Sulfate Turpentine Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Crude Sulfate Turpentine Market Key Players
Kraton Corporation Pine Chemical Group Torgoviy Dom Lesokhimik Weyerhaeuser Company DRT Millennium Specialty Chemicals Inc International Flavors & Fragrances, Inc. Privi Organics Ltd Lawter Inc. Dujodwala Paper Chemicals Ltd. Renessenz LLC. ORGKHIM Biochemical Holding Symrise Storaenzo UPM Corporation Takasago International Corporation Metsa Fibre West Rock OthersFrequently Asked Questions:
1. Which region has the largest share in the Global Crude Sulfate Turpentine Market? Ans: The North America region held the highest share in 2023. 2. What is the growth rate of the Global Crude Sulfate Turpentine Market? Ans: The Global Crude Sulfate Turpentine Market is growing at a CAGR of 5.3% during forecasting period 2024-2030. 3. What is the scope of the Global Crude Sulfate Turpentine Market report? Ans: The Global Crude Sulfate Turpentine Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Crude Sulfate Turpentine Market? Ans: The important key players in the Global Crude Sulfate Turpentine Market are – Kraton Corporation, Pine Chemical Group, Torgoviy Dom Lesokhimik, Weyerhaeuser Company, DRT, Millennium Specialty Chemicals Inc, International Flavors & Fragrances, Inc., Privi Organics Ltd, Lawter Inc., Dujodwala Paper Chemicals Ltd., Renessenz LLC., ORGKHIM Biochemical Holding, Symrise, Storaenzo, UPM Corporation, Takasago International Corporation, Metsa Fibre, West Rock, and Others 5. What was the Global Crude Sulfate Turpentine Market size in 2023?? Ans: The Global Crude Sulfate Turpentine Market size was USD 577.2 Mn in 2023.
1. Crude Sulfate Turpentine Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Crude Sulfate Turpentine Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Business Segment 2.4.3. End-user Segment 2.4.4. Growth Rate (Y-O-Y %) 2.4.5. Revenue (2023) 2.4.6. Profit Margin 2.4.7. Market Share 2.4.8. Key Development 2.5. Market Size Estimation Methodology 2.5.1. Bottom-Up Approach 2.5.2. Top-Down Approach 2.6. Crude Sulfate Turpentine Industry Ecosystem 2.6.1. Key Players in the Crude Sulfate Turpentine Industry Ecosystem 2.6.2. Role and Impact of Companies in the Crude Sulfate Turpentine Industry Ecosystem 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Mergers and Acquisitions Details 3. Crude Sulfate Turpentine Market: Dynamics 3.1. Crude Sulfate Turpentine Market Trends 3.2. Crude Sulfate Turpentine Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Customer Bargaining Power 3.3.2. Supplier Bargaining Power 3.3.3. Threat of New Entrants 3.3.4. Rivalry of Competitors 3.3.5. Threat of Substitute Products 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Regulatory Landscape By Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. South America 3.6.5. MEA 3.7. Key Opinion Leader Analysis for the Crude Sulfate Turpentine Industry 3.8. Patent Analysis 3.8.1. Key Companies with the Highest number of Patents 3.8.2. Patent Registration Analysis 3.8.3. Number of Patents Granted Still 2024 3.8.4. Legal Status of Patents Field in Crude Sulfate Turpentine Market 3.9. Technology Analysis 3.10. Import and Export Trade Analysis By Region (2018-2023) 4. Crude Sulfate Turpentine Market: Global Market Size and Forecast By Segmentation (By Value in USD Mn) (2023-2030) 4.1. Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 4.1.1. Pinene 4.1.2. Limonene 4.1.3. Camphene 4.1.4. Carene 4.1.5. Terpinene 4.1.6. Others 4.2. Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 4.2.1. Solvents 4.2.2. Aromatic Chemicals 4.2.3. Flavoring Agent 4.2.4. Adhesives 4.2.5. Paint Thinners 4.2.6. Printing Ink 4.2.7. Others 5. North America Crude Sulfate Turpentine Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 5.1. North America Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 5.1.1. Pinene 5.1.2. Limonene 5.1.3. Camphene 5.1.4. Carene 5.1.5. Terpinene 5.1.6. Others 5.2. North America Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 5.2.1. Solvents 5.2.2. Aromatic Chemicals 5.2.3. Flavoring Agent 5.2.4. Adhesives 5.2.5. Paint Thinners 5.2.6. Printing Ink 5.2.7. Others 5.3. North America Crude Sulfate Turpentine Market Size and Forecast, By Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 5.3.1.1.1. Pinene 5.3.1.1.2. Limonene 5.3.1.1.3. Camphene 5.3.1.1.4. Carene 5.3.1.1.5. Terpinene 5.3.1.1.6. Others 5.3.1.2. United States Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 5.3.1.2.1. Solvents 5.3.1.2.2. Aromatic Chemicals 5.3.1.2.3. Flavoring Agent 5.3.1.2.4. Adhesives 5.3.1.2.5. Paint Thinners 5.3.1.2.6. Printing Ink 5.3.1.2.7. Others 5.3.2. Canada 5.3.2.1. Canada Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 5.3.2.1.1. Pinene 5.3.2.1.2. Limonene 5.3.2.1.3. Camphene 5.3.2.1.4. Carene 5.3.2.1.5. Terpinene 5.3.2.1.6. Others 5.3.2.2. Canada Crude Sulfate Turpentine Market Size and Forecast, By Application (2023-2030) 5.3.2.2.1. Solvents 5.3.2.2.2. Aromatic Chemicals 5.3.2.2.3. Flavoring Agent 5.3.2.2.4. Adhesives 5.3.2.2.5. Paint Thinners 5.3.2.2.6. Printing Ink 5.3.2.2.7. Others 5.3.3. Mexico 5.3.3.1. Mexico Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 5.3.3.1.1. Pinene 5.3.3.1.2. Limonene 5.3.3.1.3. Camphene 5.3.3.1.4. Carene 5.3.3.1.5. Terpinene 5.3.3.1.6. Others 5.3.3.2. Mexico Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 5.3.3.2.1. Solvents 5.3.3.2.2. Aromatic Chemicals 5.3.3.2.3. Flavoring Agent 5.3.3.2.4. Adhesives 5.3.3.2.5. Paint Thinners 5.3.3.2.6. Printing Ink 5.3.3.2.7. Others 6. Europe Crude Sulfate Turpentine Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 6.1. Europe Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2. Europe Crude Sulfate Turpentine Market Size and Forecast, By Country (2023-2030) 6.2.1. United Kingdom 6.2.1.1. United Kingdom Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.1.2. United Kingdom Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.2. France 6.2.2.1. France Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.2.2. France Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.3. Germany 6.2.3.1. Germany Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.3.2. Germany Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.4. Italy 6.2.4.1. Italy Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.4.2. Italy Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.5. Spain 6.2.5.1. Spain Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.5.2. Spain Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.6. Sweden 6.2.6.1. Sweden Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.6.2. Sweden Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.7. Austria 6.2.7.1. Austria Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.7.2. Austria Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 6.2.8. Rest of Europe 6.2.8.1. Rest of Europe Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 6.2.8.2. Rest of Europe Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7. Asia Pacific Crude Sulfate Turpentine Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 7.1. Asia Pacific Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.2. Asia Pacific Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3. Asia Pacific Crude Sulfate Turpentine Market Size and Forecast, By Country (2023-2030) 7.3.1. China 7.3.1.1. China Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.1.2. China Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.2. S Korea 7.3.2.1. S Korea Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.2.2. S Korea Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.3. Japan 7.3.3.1. Japan Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.3.2. Japan Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.4. India 7.3.4.1. India Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.4.2. India Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.5. Australia 7.3.5.1. Australia Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.5.2. Australia Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.6. Indonesia 7.3.6.1. Indonesia Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.6.2. Indonesia Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.7. Malaysia 7.3.7.1. Malaysia Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.7.2. Malaysia Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.8. Vietnam 7.3.8.1. Vietnam Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.8.2. Vietnam Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.9. Taiwan 7.3.9.1. Taiwan Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.9.2. Taiwan Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 7.3.10. Rest of Asia Pacific 7.3.10.1. Rest of Asia Pacific Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 7.3.10.2. Rest of Asia Pacific Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 8. South America Crude Sulfate Turpentine Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 8.1. South America Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 8.2. South America Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 8.3. South America Crude Sulfate Turpentine Market Size and Forecast, By Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 8.3.1.2. Brazil Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 8.3.2.2. Argentina Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest of South America Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 8.3.3.2. Rest of South America Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 9. Middle East and Africa Crude Sulfate Turpentine Market Size and Forecast By Segmentation (By Value USD Mn) (2023-2030) 9.1. Middle East and Africa Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 9.2. Middle East and Africa Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 9.3. Middle East and Africa Crude Sulfate Turpentine Market Size and Forecast, By Country (2023-2030) 9.3.1. South Africa 9.3.1.1. South Africa Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 9.3.1.2. South Africa Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 9.3.2. GCC 9.3.2.1. GCC Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 9.3.2.2. GCC Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 9.3.3. Rest Of MEA 9.3.3.1. Rest Of MEA Crude Sulfate Turpentine Market Size and Forecast, By Composition(2023-2030) 9.3.3.2. Rest Of MEA Crude Sulfate Turpentine Market Size and Forecast, By Application(2023-2030) 10. Company Profile: Key Players 10.1. Kraton Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview (Total Revenue, Segment Revenue, and Regional Revenue) 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Pine Chemical Group 10.3. Torgoviy Dom Lesokhimik 10.4. Weyerhaeuser Company 10.5. DRT 10.6. Millennium Specialty Chemicals Inc 10.7. International Flavors & Fragrances, Inc. 10.8. Privi Organics Ltd 10.9. Lawter Inc. 10.10. Dujodwala Paper Chemicals Ltd. 10.11. Renessenz LLC. 10.12. ORGKHIM Biochemical Holding 10.13. Symrise 10.14. Storaenzo 10.15. UPM Corporation 10.16. Takasago International Corporation 10.17. Metsa Fibre 10.18. West Rock 11. Key Findings 12. Analyst Recommendations 12.1. Attractive Opportunities for Players in the Crude Sulfate Turpentine Market 12.2. Future Outlooks 13. Crude Sulfate Turpentine Market: Research Methodology