Crude Sulfate Turpentine - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Crude Sulfate Turpentine market is accounted for $633.0 million in 2018 and is expected to reach $1,024.88 million by 2027 growing at a CAGR of 5.5% during the forecast period. Some of the key factors propelling the market growth are increasing production of paper and high percentage of forests designated for production in Nordic countries. However, high cost of further processing after distillation and dependence on the wood and paper industry for raw material are the restraining factor for the growth of the market.
Crude sulphate turpentine is obtained as a by product of the Kraft process with the help of substrates and catalysts. It is a chemical compound that is burned for energy recovery. It comprises terpene hydrocarbons and miscellaneous sulphur compounds. Terpenes are an extensive and varied class of organic compounds acquired from a range of plants, especially those belonging to the Pinopsida group. It plays a role of feedstock for the manufacturing of products that are involved in the production of polymer additives, turpentine oil, pinenes, flavourings, fragrances, and pine oil. Turpentine oil is extracted from oleoresin, which is collected from a tree.
By application, aromatic chemicals segment is expected to grow at the significant market share during the forecast period. They are utilized to a large extent for personal care products across the globe. They are broadly utilized in fast-moving consumable goods in countries with a high population such as India and China. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to its high utilization in countries such as India and China. This is attributed to the high population in countries and furthermore rising demand for personal care products in the region.
Some of the key players in Crude Sulfate Turpentine Market include Renessenz LLC (Symrise Ag), Privi Organics Limited, Pine Chemical Group, Lawter Inc, International Flavors & Fragrances Inc (IFF), Harting S.A., Dujodwala Paper Chemicals Ltd (DPCL), DRT (Derives Resiniques ET Terpeniqes) and Arizona Chemical Company LLC.
• Other Compositions
• Delta 3 Carene
• Pinane Hydroperoxide
• Pure alpha-pinene
• Terpene Resins
• Other Products
• Aromatic Chemicals
• Flavoring Agent
• Fragrance Chemicals
• Paint Thinners
• Paints & Printing Ink
• Personal/Home Care Product
• Rubber Processing
• Other Applications
• Health Care
• Food & Beverages
• Other End-Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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