The turpentine market was valued at USD 1,591.4 million in 2025, is projected to reach USD 2,672.3 million by 2035 and is forecast to register a 5.3% CAGR between 2025 and 2035. In 2025, gum turpentine holds 44.8% of product type sales and fragrance represents 43.3% within the application segment.