Turpentine Oil Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC553

Introduction

Turpentine oil is a chemical which is combusted for energy recovery. Turpentine oil is derived during the process of kraft wood pulping and is widely sold as a commodity material. The process separates the cellulose fibers that are utilized in paper manufacturing. Turpentine oil is a fuel which contains several organic compounds such as beta-pinene, alpha-pinene and certain terpenes. Turpentine oil works as a feedstock chemical in the manufacture of flavorings, pinenes, pine oil, polymer additives and fragrances. It is also used as a commercial source of fuel and as an alternative of fossil fuels in a broad range of applications such as furnaces, rocket fuels and industrial boilers. Turpentine oil has a low healing coefficient ranging between 16,000 & 18,000 Btu/lb as compared to other fossil fuels such as gasoline, diesel, butane and propane.

 Market Dynamics

The global turpentine oil market is foreseeing maximum growth potential due to rapid increase in the demand for environment friendly products coupled with increase in consumption of household and personal care products. In addition, rise in manufacture of several chemical products which are widely used as fragrance agents, flavoring agents and solvents are some other major factors driving the growth of global turpentine oil market. However, factors such as decrease in production of paper, easy availability of cheaper petroleum products as well as low recovery of turpentine from Kraft wood process are some of the major aspects hindering the growth of turpentine oil market.

Market Classification and Overview

The global turpentine oil market is classified based on product type, application and geography. Different product types of turpentine oil market include camphene, limonene, alpha-pinene, beta-pinene and others. On the basis of application, turpentine oil market is segmented as paints & inks, camphor, aromatic chemicals, adhesives and others. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

Report Coverage

Market

Turpentine Oil Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

The key players identified in turpentine oil market in this report are Arizona Chemical Company LLC, Dujodwala Paper Chemicals Ltd., Pine Chemical Group, International Flavors & Fragrances Inc., Lawter Inc., Les Derives Resiniques Et Terpeniqes SA, Harting Technology Group, Renessenz LLC., and Privi Organics Limited among others.

Market Segmentation

Market By Product Type

·         Camphene

·         Limonene

·         Alpha-Pinene

·         Beta-Pinene

·         Others

Market By End-User

·         Paints & Inks

·         Camphor

·         Aromatic Chemicals

·         Adhesives

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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