Turpentine is basically a fluid that is obtained through the distillation of resin that is harvested from living trees, which are mostly pine. Turpentine is basically composed of terpenes, which mostly includes the monoterpenes beta and alpha-pinene, which has lesser amounts of camphene, dipentene, carene, and terpinolene. The organic compounds present in the oil is mostly used as a precursor chemical synthesis of fragrances, flavorings, polymer additives, pinenes, and pine oils.
MARKET DYNAMICS
The increase in the demand for chemical products, which includes fragrance agents, artificial flavorings, and the solvent, is driving the growth of the turpentine oil market. The rising demand for personal care as well as eco-friendly products is driving the turpentine oil market. The oil is used in a wide range of industrial applications that will provide the necessary opportunity for the market to grow. Turpentine oil has medical benefits that help in reducing congestion and relieves the pain in the tissue. These benefits also increase the demand for turpentine oil.
MARKET SCOPE
The "Global Turpentine Oil Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the turpentine oil market with detailed market segmentation by type, application and geography. The global turpentine oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading turpentine oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Turpentine Oil Market is segmented on the basis of type, and application. On the basis of type, the market is segmented into fat turpentine, sulphates turpentine and others. On the basis of application, the market is segmented into pharmaceutical industry, paint and coating industry, cosmetic and personal care and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global turpentine oil market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The turpentine oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the turpentine oil market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the turpentine oil market in these regions.
MARKET PLAYERS
The reports cover key developments in the turpentine oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from turpentine oil market are anticipated to lucrative growth opportunities in the future with the rising demand for turpentine oil in the global market. Below mentioned is the list of few companies engaged in the turpentine oil market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the turpentine oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Manish Minerals & Chemicals
- Himachal Terepene Products
- PT. Naval Overseas
- MURLIDHAR VIJAY KUMAR
- M/s Saraf Resin and Chemicals Pvt. Ltd.
- Privi Speciality Chemicals Limited
- MENTHA & ALLIED PRODUCTS PVT. LTD.
- Pine Chemical Group Oy
- Indian Oil Corporation Ltd
- MEHTA PETRO REFINERIES LTD
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