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Synopsis
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.
The global Turpentine Oil market was valued at US$ 4279.8 million in 2023 and is anticipated to reach US$ 5078 million by 2030, witnessing a CAGR of 1.4% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Turpentine Oil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Turpentine Oil.
Report Scope
The Turpentine Oil market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Turpentine Oil market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Turpentine Oil companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- 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
Segment by Type
- Grease Turpentine Oil
- Sulfate Turpentine Oil
- Wood Turpentine Oil
- Distilled Turpentine Oil
Segment by Application
- Fragrance Chemicals
- Adhesives
- Paints and Printing Inks
- Others
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Turpentine Oil companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Turpentine Oil Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Grease Turpentine Oil
1.2.3 Sulfate Turpentine Oil
1.2.4 Wood Turpentine Oil
1.2.5 Distilled Turpentine Oil
1.3 Market by Application
1.3.1 Global Turpentine Oil Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Fragrance Chemicals
1.3.3 Adhesives
1.3.4 Paints and Printing Inks
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Turpentine Oil Market Perspective (2019-2030)
2.2 Turpentine Oil Growth Trends by Region
2.2.1 Global Turpentine Oil Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Turpentine Oil Historic Market Size by Region (2019-2024)
2.2.3 Turpentine Oil Forecasted Market Size by Region (2025-2030)
2.3 Turpentine Oil Market Dynamics
2.3.1 Turpentine Oil Industry Trends
2.3.2 Turpentine Oil Market Drivers
2.3.3 Turpentine Oil Market Challenges
2.3.4 Turpentine Oil Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Turpentine Oil Players by Revenue
3.1.1 Global Top Turpentine Oil Players by Revenue (2019-2024)
3.1.2 Global Turpentine Oil Revenue Market Share by Players (2019-2024)
3.2 Global Turpentine Oil Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Turpentine Oil Revenue
3.4 Global Turpentine Oil Market Concentration Ratio
3.4.1 Global Turpentine Oil Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Turpentine Oil Revenue in 2023
3.5 Turpentine Oil Key Players Head office and Area Served
3.6 Key Players Turpentine Oil Product Solution and Service
3.7 Date of Enter into Turpentine Oil Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Turpentine Oil Breakdown Data by Type
4.1 Global Turpentine Oil Historic Market Size by Type (2019-2024)
4.2 Global Turpentine Oil Forecasted Market Size by Type (2025-2030)
5 Turpentine Oil Breakdown Data by Application
5.1 Global Turpentine Oil Historic Market Size by Application (2019-2024)
5.2 Global Turpentine Oil Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Turpentine Oil Market Size (2019-2030)
6.2 North America Turpentine Oil Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Turpentine Oil Market Size by Country (2019-2024)
6.4 North America Turpentine Oil Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Turpentine Oil Market Size (2019-2030)
7.2 Europe Turpentine Oil Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Turpentine Oil Market Size by Country (2019-2024)
7.4 Europe Turpentine Oil Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Turpentine Oil Market Size (2019-2030)
8.2 Asia-Pacific Turpentine Oil Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Turpentine Oil Market Size by Region (2019-2024)
8.4 Asia-Pacific Turpentine Oil Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Turpentine Oil Market Size (2019-2030)
9.2 Latin America Turpentine Oil Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Turpentine Oil Market Size by Country (2019-2024)
9.4 Latin America Turpentine Oil Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Turpentine Oil Market Size (2019-2030)
10.2 Middle East & Africa Turpentine Oil Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Turpentine Oil Market Size by Country (2019-2024)
10.4 Middle East & Africa Turpentine Oil Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Grupo RB
11.1.1 Grupo RB Company Detail
11.1.2 Grupo RB Business Overview
11.1.3 Grupo RB Turpentine Oil Introduction
11.1.4 Grupo RB Revenue in Turpentine Oil Business (2019-2024)
11.1.5 Grupo RB Recent Development
11.2 PT Nasco
11.2.1 PT Nasco Company Detail
11.2.2 PT Nasco Business Overview
11.2.3 PT Nasco Turpentine Oil Introduction
11.2.4 PT Nasco Revenue in Turpentine Oil Business (2019-2024)
11.2.5 PT Nasco Recent Development
11.3 DRT
11.3.1 DRT Company Detail
11.3.2 DRT Business Overview
11.3.3 DRT Turpentine Oil Introduction
11.3.4 DRT Revenue in Turpentine Oil Business (2019-2024)
11.3.5 DRT Recent Development
11.4 International Flavors & Fragrances
11.4.1 International Flavors & Fragrances Company Detail
11.4.2 International Flavors & Fragrances Business Overview
11.4.3 International Flavors & Fragrances Turpentine Oil Introduction
11.4.4 International Flavors & Fragrances Revenue in Turpentine Oil Business (2019-2024)
11.4.5 International Flavors & Fragrances Recent Development
11.5 Symrise
11.5.1 Symrise Company Detail
11.5.2 Symrise Business Overview
11.5.3 Symrise Turpentine Oil Introduction
11.5.4 Symrise Revenue in Turpentine Oil Business (2019-2024)
11.5.5 Symrise Recent Development
11.6 WestRock
11.6.1 WestRock Company Detail
11.6.2 WestRock Business Overview
11.6.3 WestRock Turpentine Oil Introduction
11.6.4 WestRock Revenue in Turpentine Oil Business (2019-2024)
11.6.5 WestRock Recent Development
11.7 International Paper
11.7.1 International Paper Company Detail
11.7.2 International Paper Business Overview
11.7.3 International Paper Turpentine Oil Introduction
11.7.4 International Paper Revenue in Turpentine Oil Business (2019-2024)
11.7.5 International Paper Recent Development
11.8 Pine Chemical Group
11.8.1 Pine Chemical Group Company Detail
11.8.2 Pine Chemical Group Business Overview
11.8.3 Pine Chemical Group Turpentine Oil Introduction
11.8.4 Pine Chemical Group Revenue in Turpentine Oil Business (2019-2024)
11.8.5 Pine Chemical Group Recent Development
11.9 Georgia-Pacific
11.9.1 Georgia-Pacific Company Detail
11.9.2 Georgia-Pacific Business Overview
11.9.3 Georgia-Pacific Turpentine Oil Introduction
11.9.4 Georgia-Pacific Revenue in Turpentine Oil Business (2019-2024)
11.9.5 Georgia-Pacific Recent Development
11.10 Kraton Corporation
11.10.1 Kraton Corporation Company Detail
11.10.2 Kraton Corporation Business Overview
11.10.3 Kraton Corporation Turpentine Oil Introduction
11.10.4 Kraton Corporation Revenue in Turpentine Oil Business (2019-2024)
11.10.5 Kraton Corporation Recent Development
11.11 Stora Enso
11.11.1 Stora Enso Company Detail
11.11.2 Stora Enso Business Overview
11.11.3 Stora Enso Turpentine Oil Introduction
11.11.4 Stora Enso Revenue in Turpentine Oil Business (2019-2024)
11.11.5 Stora Enso Recent Development
11.12 Wuzhou Sun Shine Forestry & Chemicals
11.12.1 Wuzhou Sun Shine Forestry & Chemicals Company Detail
11.12.2 Wuzhou Sun Shine Forestry & Chemicals Business Overview
11.12.3 Wuzhou Sun Shine Forestry & Chemicals Turpentine Oil Introduction
11.12.4 Wuzhou Sun Shine Forestry & Chemicals Revenue in Turpentine Oil Business (2019-2024)
11.12.5 Wuzhou Sun Shine Forestry & Chemicals Recent Development
11.13 Guangdong KOMO
11.13.1 Guangdong KOMO Company Detail
11.13.2 Guangdong KOMO Business Overview
11.13.3 Guangdong KOMO Turpentine Oil Introduction
11.13.4 Guangdong KOMO Revenue in Turpentine Oil Business (2019-2024)
11.13.5 Guangdong KOMO Recent Development
11.14 Jiangxi Feishang Forest
11.14.1 Jiangxi Feishang Forest Company Detail
11.14.2 Jiangxi Feishang Forest Business Overview
11.14.3 Jiangxi Feishang Forest Turpentine Oil Introduction
11.14.4 Jiangxi Feishang Forest Revenue in Turpentine Oil Business (2019-2024)
11.14.5 Jiangxi Feishang Forest Recent Development
11.15 TLLONG GROUP
11.15.1 TLLONG GROUP Company Detail
11.15.2 TLLONG GROUP Business Overview
11.15.3 TLLONG GROUP Turpentine Oil Introduction
11.15.4 TLLONG GROUP Revenue in Turpentine Oil Business (2019-2024)
11.15.5 TLLONG GROUP Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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