Global Turpentine Oil Market Growth (Status and Outlook) 2023-2029

Global Turpentine Oil Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Turpentine Oil Industry Forecast” looks at past sales and reviews total world Turpentine Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected Turpentine Oil sales for 2023 through 2029. With Turpentine Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turpentine Oil industry.

This Insight Report provides a comprehensive analysis of the global Turpentine Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Turpentine Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Turpentine Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turpentine Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Turpentine Oil.

The global Turpentine Oil market size is projected to grow from US$ 4186.7 million in 2022 to US$ 4628 million in 2029; it is expected to grow at a CAGR of 1.4% from 2023 to 2029.

DRT is the largest player of global turpentine oil market, holds a share over 10%, other key players include Symrise, WestRock, and Grupo RB, etc. In terms of type, grease turpentine type is the largest segment, with a share about 80%, and in terms of application, the fragrance chemicals segment holds share about 80 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Turpentine Oil market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Grease Turpentine Oil
Sulfate Turpentine Oil
Wood Turpentine Oil
Distilled Turpentine Oil

Segmentation by application
Fragrance Chemicals
Adhesives
Paints and Printing Inks
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.