Gum Turpentine Oil Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Gum Turpentine Oil Market Overview
According to SPER Market Research, the Global Gum Turpentine Oil Market is estimated to reach USD 2.06 billion by 2032 with a CAGR of 6.3%. Pine tree is used as a raw material in turpentine. It's a volatile oil made from turpentine that pine plants in the Pinaceae family produce. It is a combination of terpene chemicals in liquid form. Î2-pinene and Î-pinene are the two primary ingredients. It is the first plant essential oil that is currently extracted from and used, and it exhibits active chemical reaction performance and a distinctive aromatic odour.
Impact of COVID-19 on the Global Gum Turpentine Oil Market
The compounds derived from pine trees are renewable resources just like the pine trees themselves. To obtain compounds like crude sulfate turpentine and tall crude oil, which are ultimately used in the production of paper, pine trees must be pulped. Pine-derived chemicals are utilized in a variety of products, including plasticizers, adhesives, resins, surface coatings, printing inks, soaps and detergents, and more. Plastics and sealants both utilize gum rosin, which is created from tree oleoresin.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Application
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Arakawa Chemical Industries, Archer Daniels Midland Company, Arizona Chemical Company, Ashland, DRT, Eastman Chemical Company, EURO-YSER, G.C. RUTTEMAN and Co. B.V.
Global Gum Turpentine Oil Market Segmentation:
By Type: Based on the Type, Global Gum Turpentine Oil Market is segmented as; Carbonization Turpentine, Fat Turpentine, Sulphate Turpentine, Wood Turpentine.
By Application: Based on the Application, Global Gum Turpentine Oil Market is segmented as; Chemical Industry, Paint Industry, Pharmaceutical Industry, Others.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER’s internal database
- 2.1.4 Premium insight from KOL’s
- 2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
- 2.3 Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
- 4.2. COVID-19 Impacts of the Global Gum Turpentine Oil Market
- 5. Market variables and outlook
- 5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
- 5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
- 5.3. PORTER’S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
- 5.4. Heat map analysis
- 6. Competitive Landscape
- 6.1 Global Gum Turpentine Oil Manufacturing Base Distribution, Sales Area, Product Type
- 6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Gum Turpentine Oil Market
- 7. Global Gum Turpentine Oil Market, By Type, 2019-2032 (USD Million)
- 7.1 Carbonization Turpentine
- 7.2 Fat Turpentine
- 7.3 Sulphate Turpentine
- 7.4 Wood Turpentine
- 8. Global Gum Turpentine Oil Market, By Application, 2019-2032 (USD Million)
- 8.1 Chemical Industry
- 8.2 Paint Industry
- 8.3 Pharmaceutical Industry
- 8.4 Others
- 9. Global Gum Turpentine Oil Market, By Region, 2019-2032 (USD Million)
- 9.1 Global Gum Turpentine Oil Size and Market Share by Region (2019-2025)
- 9.2 Global Gum Turpentine Oil Size and Market Share by Region (2026-2032)
- 9.3 Asia-Pacific
- 9.3.1 Australia
- 9.3.2 China
- 9.3.3 India
- 9.3.4 Japan
- 9.3.5 South Korea
- 9.3.6 Rest of Asia-Pacific
- 9.4 Europe
- 9.4.1 France
- 9.4.2 Germany
- 9.4.3 Italy
- 9.4.4 Spain
- 9.4.5 United Kingdom
- 9.4.6 Rest of Europe
- 9.5 Middle East & Africa
- 9.5.1 Kingdom of Saudi Arabia
- 9.5.2 United Arab Emirates
- 9.5.3 Rest of Middle East & Africa
- 9.6 North America
- 9.6.1 Canada
- 9.6.2 Mexico
- 9.6.3 United States
- 9.7 Latin America
- 9.7.1 Argentina
- 9.7.2 Brazil
- 9.7.3 Rest of Latin America
- 10. Company Profiles
- 10.1 Arakawa Chemical Industries
- 10.1.1 Company details
- 10.1.2 Financial outlook
- 10.1.3 Product summary
- 10.1.4 Recent developments
- 10.2 Archer Daniels Midland Company
- 10.2.1 Company details
- 10.2.2 Financial outlook
- 10.2.3 Product summary
- 10.2.4 Recent developments
- 10.3 Arizona Chemical Company
- 10.3.1 Company details
- 10.3.2 Financial outlook
- 10.3.3 Product summary
- 10.3.4 Recent developments
- 10.4 Ashland
- 10.4.1 Company details
- 10.4.2 Financial outlook
- 10.4.3 Product summary
- 10.4.4 Recent developments
- 10.5 DRT
- 10.5.1 Company details
- 10.5.2 Financial outlook
- 10.5.3 Product summary
- 10.5.4 Recent developments
- 10.6 Eastman Chemical Company
- 10.6.1 Company details
- 10.6.2 Financial outlook
- 10.6.3 Product summary
- 10.6.4 Recent developments
- 10.7 EURO-YSER
- 10.7.1 Company details
- 10.7.2 Financial outlook
- 10.7.3 Product summary
- 10.7.4 Recent developments
- 10.8 G.C. RUTTEMAN and Co. B.V.
- 10.8.1 Company details
- 10.8.2 Financial outlook
- 10.8.3 Product summary
- 10.8.4 Recent developments
- 10.9 Georgia-Pacific Chemicals
- 10.9.1 Company details
- 10.9.2 Financial outlook
- 10.9.3 Product summary
- 10.9.4 Recent developments
- 10.10 Grupo AlEn
- 10.10.1 Company details
- 10.10.2 Financial outlook
- 10.10.3 Product summary
- 10.10.4 Recent developments
- 10.11 Guangdong Pine Forest Perfume Ltd
- 10.11.1 Company details
- 10.11.2 Financial outlook
- 10.11.3 Product summary
- 10.11.4 Recent developments
- 10.12 Guangxi Wusong Pine Chemical Group Corp
- 10.12.1 Company details
- 10.12.2 Financial outlook
- 10.12.3 Product summary
- 10.12.4 Recent developments
- 10.13 Harima Chemicals Group
- 10.13.1 Company details
- 10.13.2 Financial outlook
- 10.13.3 Product summary
- 10.13.4 Recent developments
- 10.14 Himachal Terepene Products Private Limited
- 10.14.1 Company details
- 10.14.2 Financial outlook
- 10.14.3 Product summary
- 10.14.4 Recent developments
- 10.15 Jiangxi Xuesong Natural Medicinal Oil Co Ltd
- 10.15.1 Company details
- 10.15.2 Financial outlook
- 10.15.3 Product summary
- 10.15.4 Recent developments
- 10.16 Lawter
- 10.16.1 Company details
- 10.16.2 Financial outlook
- 10.16.3 Product summary
- 10.16.4 Recent developments
- 10.17 Meadwestvaco Corporation
- 10.17.1 Company details
- 10.17.2 Financial outlook
- 10.17.3 Product summary
- 10.17.4 Recent developments
- 10.18 Privi Organics India
- 10.18.1 Company details
- 10.18.2 Financial outlook
- 10.18.3 Product summary
- 10.18.4 Recent developments
- 10.19 PT. Naval Overseas
- 10.19.1 Company details
- 10.19.2 Financial outlook
- 10.19.3 Product summary
- 10.19.4 Recent developments
- 10.20 Renessenz LLC
- 10.20.1 Company details
- 10.20.2 Financial outlook
- 10.20.3 Product summary
- 10.20.4 Recent developments
- 10.21 Xiamen Doingcom Chemical Co., Ltd.
- 10.21.1 Company details
- 10.21.2 Financial outlook
- 10.21.3 Product summary
- 10.21.4 Recent developments
- 11. List of Abbreviations
- 12. Reference Links
- 13. Conclusion
- 14. Research Scope
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook