By 2023 the Crude Sulfate Turpentine Market may be worth USD 563 million. The crude sulfate turpentine market value is anticipated to increase at a CAGR of 5.0% from 2023 to 2033, reaching USD 947.8 million.
The expanded range of uses for scent compounds in cosmetics and personal care goods is responsible for this expansion. Rising product demand in Asia Pacific may fuel market growth for crude sulfate turpentine.
The crude sulfate turpentine manufacturers are concentrating more on emerging nations, quickly becoming opportunity hotspots for various reasons. In addition to focusing on organic growth, crude sulfate turpentine companies employ robust go-to-market strategies such as partnerships, mergers, divestitures, and collaborations.
The market is likely to expand as customer preferences change away from petrochemical derivatives and towards environmentally friendly CST derivatives.
A byproduct of the pulp manufacturing process known as crude sulfate turpentine can be purchased for a set price based on yearly or six-monthly contracts. Materials are purchased directly from mills by manufacturers. Alpha and beta pinenes, the building blocks for numerous natural flavors and scents, are among the primary goods offered by this volatile amber liquid.
These materials undergo a reaction to create poly-terpenes, which are utilized in various products like adhesives, specialty inks, electronic solvents, vitamins, medicines, and disinfectants. Due to variations in the pine tree's genus Pinus, the concentration of the products fluctuates with changes in geographic areas.
| Attribute | Details |
|---|---|
| Crude Sulfate Turpentine Market CAGR (2023 to 2033) | 5% |
| Crude Sulfate Turpentine Market HCAGR (2018 to 2023) | 2.3% |
| Crude Sulfate Turpentine Market Size - 2023 | USD 563 million |
| Crude Sulfate Turpentine Market Size - 2033 | USD 947.8 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Global crude sulfate turpentine market key players are strategically collaborating with local distributors to tap into the large consumer base in emerging countries. The growing demand for cosmetics and personal care products presents new opportunities for players entering the Asia Pacific crude sulfate turpentine industry.
The sales revenue of personal care products and natural ingredients is expected to grow significantly in countries such as China, India, Japan, and Southeast Asia.
Future Market Insights predicts that the crude sulfate turpentine business may maintain steady growth, with a projected CAGR of 5.0% between 2023 and 2033. In comparison, the crude sulfate turpentine industry exhibited a CAGR of 2.3% from 2018 to 2022.
Among the different product types, alpha-pinene, a primary chemical constituent found in essential oils such as cypress, rosemary, juniper berry, frankincense, and helichrysum, is extensively utilized in the cosmetics industry. Alpha-pinene offers various skin and oral health benefits and supports immune and respiratory system functions.
Crude sulfate turpentines are most widely used as paint thinner in both household and artistic coatings. Turpentine was used before to dilute the printer's ink.
With growing industry demand, it has become a solvent or diluent for various products, like natural or modified binders, resins, oils, paints, and polishes.
In other oil-based paint and coating formulations, peroxidation of terpenes derived from turpentine accelerates the drying of oils and other film formers. All these factors make crude sulfate turpentine a key ingredient in paints and varnishes.
Principal Consultant
As a potent bronchodilator, alpha-pinene type of crude sulfate turpentine is distinctly found in the essential oils industry. It is highly bioavailable, shows effectiveness in human pulmonary uptake, and can be metabolized quickly. It supplements many dementia drugs by inhibiting cholinesterase and enhancing cholinergic activity when used only in small concentrations.
Drugs that have alpha-pinene constituents are sometimes administered to protect the pancreas and lungs against infection. Alpha-pinene can reduce the production of TNF-alpha, which is the pancreatic tumor necrosis factor. It can inhibit some cell deaths.
Hence it may be used to treat pancreatic cancer. These factors are boosting the adoption of crude sulfate turpentine in the pharmaceutical industry.
Toxic gases and vapors, like carbon monoxide and partial products of terpenes generated from the auto-oxidation process, can spark a fire in a confined space. Turpentine attacks some coatings and forms of plastic and rubber.
It is suggested that turpentine should be stored in a dry, cool, and well-ventilated space and put in containers keeping them tightly sealed. Containers of turpentine should always be protected from physical damage and stored separately from strong oxidizers, sparks, heat, or open flame.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
North America Outlook
| Attributes | Details |
|---|---|
| United States Market Share - 2023 | 18.7% |
| Australia Market Share - 2023 | 2.7% |
According to FMI, the United States is a dominant market, and it is expected to exhibit high growth over the forecast period. According to a study, sales in the United States are estimated to account for 18.7% of the North America market in 2023.
As FDA approved turpentine spirits and listed them as an active ingredient in various drug product formulations, it unfolded the scope for increasing the application of crude sulfate turpentine products in the pharmaceutical industry.
It is being used for nasal drug products, cold and fever treatments, expectorant drug products, oral menstrual drug products, drug products related to insect bites, and more.
Crude sulfate turpentine has emerged as an ingredient used in food applications. It has been listed as a natural flavoring substance by FDA, and its use is allowed in adhesives for food packaging.
Terpene resins and hydrocarbons can be used in polypropylene or polyolefin films in the food packaging industry. Surging applications across diverse sectors may continue pushing sales in the United States.
Asia Pacific Outlook
| Attributes | Details |
|---|---|
| Japan Market Share - 2023 | 3.3% |
| China Market CAGR (2023 to 2023) | 7.4% |
| India Market CAGR (2023 to 2023) | 17.7% |
According to FMI, the crude sulfate turpentine market in India is estimated to be valued at USD 13.16 million in the year 2023. The Indian government is supporting the local crude sulfate turpentine production.
It is creating a solid gateway for its application across diverse industries such as integrated paints, pulp and paper industry, Indian pine chemicals industry, bio-fuels, and petrochemical industry.
India, being a prime biodiversity hub for fauna and flora, has access to considerable resources to produce turpentine from pines. As a result, India is now leading in exporting natural resins and gums. It is creating opportunities for the market players as their demand is expected to rise in small-scale industries.
According to FMI’s analysis, China is estimated to account for more than 58.9% of the East Asia share in the year 2023, while Japan is estimated at 35.4%.
Researches and development initiatives undertaken in both countries are creating a positive spillover effect as the application of crude sulfate turpentine is increasing in drug and food packaging industries.
European Outlook
| Attributes | Details |
|---|---|
| Germany Market Share - 2023 | 3% |
| United Kingdom Market CAGR (2023 to 2023) | 3.6% |
Crude sulfate turpentine is used widely in furniture polishes and varnishes to give an excellent structure in home crafts. Turpentine can be used as a protective coating or metal polish with linseed oil and beeswax.
Certain report from the United Kingdom shows local use of turpentine in the ceramic coating industry as well as the pottery industry, is increasing.
In Europe, France is the leading market, accounting for 31.9% of the market share, while the Russia market has emerged as the second-leading and is forecast to total USD 45.7 million in 2023. Consumer interest in product quality and safety may continue driving sales in Europe.
Latin America Outlook
Aversion to free trade and lack of regional integration in Latin America contracted crude sulfate turpentine sales in Brazil and Argentina before. The scenario has changed completely now.
As Peru and Mexico adopted free trade agreements successfully, other countries are joining the bandwagon, increasing trade activities between countries. Brazil and Mexico now have more than 72.3% share together in the Latin America market.
Free trade has increased access to lower-priced goods with much higher quality. Cheaper imports from China and India are facilitating the inflationary pressure in these countries.
Other manufacturers of crude sulfate turpentine are now getting easy access to Brazil and Mexico, which is driving the growth of the market over there with high CAGR, 5.9%, and 6.8%, respectively.
| Segment | Alpha-Pinene |
|---|---|
| Segment Share | 52.6% |
| Segment | Beta-Pinene |
|---|---|
| Segment Share | 18.8% |
Alpha-pinene and beta-pinene are employed as anti-inflammatory agents and flavoring agents. They are expected to account for 52.6% and 18.8% of the overall market, respectively, in 2023. The use of alpha-pinene is rising in skin care products, while beta-pinene is being explored for a wide range of medical and health benefits.
Alpha-Pinene and beta-pinene are used in the flavor industry. Their application to synthesize terpineol, linalool, and other sandalwood fragrances is also rising. They are used for flavoring daily chemicals as well.
Brands often use alpha-pinene and beta-pinene as flavoring agents commercially and in oil diffusers. Not only the flavor profile of alpha-pinene is sharp with hints of cedarwood and pine, but it displays unique therapeutic effects which contribute entourage effects of cannabis-based medicinal extracts.
Manufacturers are not limited to only natural medicines when it comes to crude sulfate turpentine application. Being flexible in synthesizing polymers, they are often used for producing better-quality polymers. Pinenes' safety profile is considered outstanding, thus allowing its usage in several chemicals, considered Generally Recognized as Safe (GRAS).
Crude sulfate turpentine products, extracted from pine trees, are used by manufacturers in a wide array of consumer goods, including adhesives, paints, inks, perfumes, fragrances in soaps and household cleaners, flavors in soft drinks and food, food additives, automobile tires, vitamins, and many more other industries.
| Segment | Oil |
|---|---|
| Segment Share | 89.9% |
The oil form of crude sulfate turpentine is estimated to account for more than 89.9% of the market share globally in 2023, which is expected to record a CAGR of 4.8% over the forecast period to reach a value of USD 810.77 million in 2033.
| Segment | Sulfate-Distilled |
|---|---|
| Segment Share | 63% |
Sulfate-distilled method accounted for 63.0% market share globally in 2023; however, a destructively-distilled process is expected to register a CAGR of 9.4% for the forecast period.
Due to applications in diverse industries like printing, veterinary medicines, cosmetics and personal care, tires, plastic, and rubber industries, demand for crude sulfate turpentine is r rising.
As per FMI, the demand in veterinary medicine and plastic product segments may continue increasing. Crude sulfate turpentine product manufacturers are launching application-specific products to cater to the changing market of clients.
How can Manufacturers Scale their Businesses in the Crude Sulfate Turpentine Market?
Embrace advanced technologies for efficient production and processing in the crude sulfate turpentine market.
The crude sulfate turpentine market is highly competitive. Growing consumer awareness regarding the usage of crude sulfate turpentine in pharmaceuticals and the ongoing trend of using components derived from renewable sources in various applications are driving demand in the global market.
More people are aware of the product, which motivates manufacturers to concentrate more on the market.
Key Players
Novel Breakthroughs and Advancements
| Company | Weyerhaeuser Company |
|---|---|
| Strategy | Weyerhaeuser Company's Timberland Acquisition: A Flourishing Pine Paradise in the Carolinas |
| Details | May 2022 marks the completion of Weyerhaeuser Company's purchase of 80,800 acres of superior timberlands in North and South Carolina that are home to numerous pine trees. They accomplish this with a Campbell Global-managed fund worth roughly USD 265 million. |
| Company | Kraton Corporation |
|---|---|
| Strategy | Kraton Corporation and Tree-Nation Join Forces: Planting a Sustainable Future with Thousands of Pine Trees |
| Details | May 2022: Kraton Corporation, a top producer of high-value biobased products derived from waste products from the pulping of pine wood, has partnered with Tree-Nation to plant thousands of pine trees in 2022. This initiative reflects Kraton's ongoing commitment to sustainability, combating climate change, and offsetting its CO2 emissions. |
| Company | Ingevity Corporation |
|---|---|
| Strategy | Ingevity Corporation Signs a Deal |
| Details | Ingevity Corporation stated in 2017 that it had reached a deal with Georgia-Pacific to purchase the pine chemicals division of Georgia-Pacific valued at USD 315 million. The transaction depends on getting some governmental clearances and meeting other standard closing requirements. |
The market is expected to reach USD 563 million in 2023.
Through 2033, the market may expand at a CAGR of 5%.
Alpha-Pinene is predicted to hold a 52.6% share of the market.
A CAGR of 2.3% was projected for the market from 2018 to 2022.
The United States is expected to grow 18.7% revenue by 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Alpha-Pinene 5.2. Beta-Pinene 5.3. Camphene 5.4. Limonene 5.5. 3-Carene 5.6. Terpinolene 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Powder 6.2. Oil 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Processing Method 7.1. Steam-Distilled 7.2. Destructively-Distilled 7.3. Sulfate-Distilled 7.4. Sulphite-Distilled 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Printing Industry 8.1.1. Paints 8.1.2. Printer's Ink 8.2. Veterinary Medicine 8.2.1. Stimulant Diuretic 8.2.2. Anthelmintic 8.2.3. Carminative 8.2.4. Expectorant 8.3. Cosmetics and Personal Care 8.3.1. Fragrances 8.3.2. Cosmetics Products 8.3.3. Massage Oils and Aromatherapy 8.4. Tires Industry 8.5. Plastic Industry 8.6. Rubber Industry 8.7. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Kraton Corporation 17.2. Pine Chemical Group 17.3. Symrise 17.4. Storaenzo 17.5. UPM Corporation 17.6. Dérivés Résiniques et Terpéniques 17.7. Takasago International Corporation 17.8. Metsa Fibre 17.9. West Rock 17.10. Torgoviy Dom Lesokhimik 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Crude Sulfate Turpentine Market
