Crude Sulfate Turpentine Market

Key Points Covered in Crude Sulfate Turpentine in Food and Beverage Sector Study

• Market Estimates and Forecast 2015-2031
• Key Drivers and Restraints Impacting Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Crude Sulfate Turpentine in Food and Beverage Sector and How to Navigate
• Recommendation on Key Winning Strategies

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What is 2021-2031 Growth Forecast in Comparison to 2016-2020 Crude Sulfate Turpentine Market Outlook?

Key players in global crude sulfate turpentine market are focusing on strategic collaborations with local distributors to reach large consumer base in emerging countries. Increasing demand for cosmetics and personal care products is creating opportunities for new players in Asia Pacific for crude sulfate turpentine market.

Revenue from the sales of personal care products and natural ingredients has been forecast to increase substantially in countries like China, India, Japan and Southeast Asia over the period. Driven by this, Future Market Insights projects the crude sulfate turpentine market to remain steady, exhibiting growth at 5.4% CAGR between 2021 and 2031 in comparison to the CAGR of 4.1% posted between 2016 and 2020.

Among product types, alpha-pinene, being the primary chemical constituent of cypress, rosemary, juniper berry, frankincense and helichrysum essential oils, is being widely used in the cosmetics industry. It also offers a range of benefits for skin and oral health and support immune and respiratory system functions. It can

Why is Crude Sulfate Turpentine Gaining Traction as a Solvent or Cleaning Agent for Paints and Varnishes?

Crude sulfate turpentines are most widely used as paint thinner in both household and artistic coatings. Turpentine was used before to dilute printer’s ink. Now with growing demand from industries, 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 drying of oils and other film formers.  All these factors are making crude sulfate turpentine a key ingredient in paints and varnishes.

How is Demand in Pharmaceutical Industry Driving Crude Sulfate Turpentine Sales?

Being a powerful bronchodilator, alpha-pinene type of crude sulfate turpentine is found in essential oils industry distinctly. It is highly bioavailable, shows effectiveness in human pulmonary uptake, and can be metabolized quickly. It also acts as a supplement in many dementia drugs by inhibiting cholinesterase and enhancing cholinergic activity, when used only in small concentrations.

Drugs that have alpha-pinene constituent are sometimes administered to protect pancreas and lungs against infection. Alpha-pinene can reduce the production of TNF-alpha, which is the pancreatic tumour necrosis factor. Also, it can inhibit some cell deaths hence it may be used for treatment in pancreatic cancer. These factors are boosting the use of crude sulfate turpentine in pharmaceutical industry.

Which Harmful Effects of Crude Sulfate Turpentine is withholding the Market?

Toxic gases and vapors, like carbon monoxide and partial products of terpenes generated from auto-oxidation process can spark fire in a confined space. Turpentine also 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.

What is the Impact of COVID-19 on the Crude Sulfate Turpentine Market?

While the world is being challenged with an unprecedented crisis of ongoing COVID-19 scenario, many countries have stopped regular activities amidst lockdown and restrictions implemented to contain the virus.

It has also altered consumer buying decisions, while the limited availability of raw materials is affecting the market worldwide. Besides this, production, processing, distribution and consumption processes have been disrupted due to the supply chain disturbance.

While cosmetic products, aromatherapy and fragrance industry is on path of recovery, paints and rubber industries are yet to overcome effects of disruptions. Veterinary medicines, tires and plastic industries are also gaining traction gradually.

Against this backdrop, FMI has forecast that tires and rubber industries will register CAGR at 7.2% and 8.5%, respectively over the assessment period.

Country-wise Insights

Did FDA Approval of Turpentine in Different Industries Help in Driving Crude Sulfate Turpentine Sales in the U.S.?

According to FMI, the U.S. is a dominant market for crude sulfate turpentine and it is also expected to exhibit high growth over the forecast period. According to the latest study, sales in the U.S. is estimated to account for more than 94.2% of the North America market in 2021.

As FDA approved turpentine spirits and listed it as an active ingredient in various drug products formulations, it unfolded scope for increasing application of crude sulfate turpentine products in 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 also has emerged as an ingredient used in food applications. It has been listed as a natural flavoring substance by FDA and its use also is allowed in adhesives for food packaging.

Terpene resins and hydrocarbons can be used in polypropylene or polyolefin films for use in food packaging industry. Surging applications across diverse industries will continue pushing sales in the U.S.

Why is the Production of Crude Sulfate Turpentine Increasing in India?

According to FMI, the crude sulfate turpentine market in India is estimated to be valued at US$ 9.5 Mn in the year 2021. The Indian government is supporting the local crude sulfate turpentine production and is creating a strong 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 huge resource to produce turpentine from pines. As a result, India is now leading in exporting natural resins and gums. It is also creating opportunities for the market players as they demand is expected to rise in small scale industries

Why are China and Japan Dominant in East Asia Market for Crude Sulfate Turpentine?

According to FMI’s analysis, China is estimated to account for more than 56.9% of the East Asia share in the year 2021, while for Japan it is estimated as 31.4%.

Researches and development initiatives undertaken in both countries are creating a positive spillover effect as application of crude sulfate turpentine is increasing in drug and food packaging industries.

What is Driving Crude Sulfate Turpentine Sales in Europe?

Crude sulfate turpentine is used widely in furniture polishes and varnishes to give a nice structure in home crafts. Turpentine can also be used as protective coating or metal polish, if mixed with linseed oil and beeswax. Certain reports from UK shows local use of turpentine in ceramic coating industry as well as pottery industry is increasing.

In Europe, France is the leading market, accounting for 29.9% of market share, while Russia market has emerged as the second-leading and is forecast to total US$ 35.7 Mn in 2021. Consumer interest in product quality and safety will continue driving sales in Europe.

What are Driving Sales in Brazil and Mexico?

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 adapted free trade agreements successfully, other countries are joining the bandwagon, increasing trade activities between countries. Brazil and Mexico now have more than 69.3% share together in the Latin America market.

Free trade has also increased access to lower-priced goods with a much higher-quality. Cheaper imports from China and India are also 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 market over there with high CAGR, 5.6% and 6.5% respectively.

Category-wise Insights

Which Product Type of Crude Sulfate Turpentine is in High Demand?

Alpha-pinene and beta-pinene are employed as anti-inflammatory agent and flavoring agents. They are expected to account for 52.6% and 18.8% of the overall market respectively in 2021. 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 also are used in the flavor industry. Their application to synthesis terpineol, linalool, and other sandalwood fragrances is rising as well. They are used for flavoring of daily chemicals as well.

Brands often use alpha-pinene and beta-pinene as a flavoring agent 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 also which contributes 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 synthesis of polymers; they are often used for producing better quality polymers. Pinenes safety profile is also considered outstanding, thus allowing their usage in several chemicals, considered as Generally Recognized As Safe (GRAS).

Crude sulfate turpentine products, extracted from pine trees, are also 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.

Which is the Preferred Form of Crude Sulfate Turpentine?

Oil form of crude sulfate turpentine is estimated to account for more than 89.9% of the market share globally in 2021, which is expected to grow with CAGR 4.8% over the forecast period to reach a value of US$ 738.2 Mn in 2031.

Which Processing Method is more preferred for Crude Sulfate Turpentine Market?

Sulfate-distilled method accounted for 63.0% market share globally in 2021, however, destructively-distilled method is expected to grow with CAGR 9.2% for the forecast period.

Why are Crude Sulfate Turpentine Application in Veterinary Medicine and Plastic Products Rising?

Due to applications in diverse industries, like printing industry, veterinary medicines, cosmetics and personal care industry, tires, plastic and rubber industries, demand for crude sulfate turpentine is r rising.

As per FMI, the demand in veterinary medicine and plastic products segments will continue increasing. Crude sulfate turpentine product manufacturers are launching application-specific products to cater to the changing demand from clients.

Competitive Landscape

Ongoing trend of using ingredients derived from renewable sources in various applications and rising cognizance among consumers about the use of crude sulfate turpentine in pharmaceuticals are pushing the demand in global market. Consumers are becoming more aware about the product, which is encouraging the manufacturers to focus more on the market.

For instance-

• Kraton Corporation has gained momentum in the market despite of COVID-19 induced challenges and has became one of the prominent manufacturers and suppliers of crude Sulfate turpentine with a significant share. They now serve more than 800 customers in over 70 countries worldwide across a diverse range of end markets.
• In 2017, Ingevity Corporation announced it for an agreement with Georgia-Pacific worth US$ 315 Mn while acquiring Georgia-Pacific’s pine chemicals business. The acquisition is subject to certain regulatory approvals and other customary closing conditions.

Scope of Report

Crude Sulfate Turpentine by Category

By Product Type:

• Alpha-Pinene
• Beta-Pinene
• Camphene
• Limonene
• 3-Carene
• Terpinolene

By Source:

• Powder
• Oil

By Processing Method:

• Steam-Distilled
• Destructively-Distilled
• Sulfate-Distilled
• Sulphite-Distilled

By Application:

• Printing Industry
  • Paints
  • Printer's Ink
• Veterinary Medicine
  • Stimulant Diuretic
  • Anthelmintic
  • Carminative
  • Expectorant
• Cosmetics and Personal Care
  • Fragrances
  • Cosmetics Products
  • Massage oils and Aromatherapy
• Tires Industry
• Plastic industry
• Rubber Industry
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA