What is Turpentine Oil Market Scope?
Turpentine Oil is used extensively in the medical industry and is applied to the skin for joint pain, nerve pain, muscle pain, and toothaches. Growth in the personal care industry and chemical industry boosting the demand for turpentine oil. Turpentine used in some paints and coatings. Today, less costly products have replaced the use of turpentine in paints. Now, the major use of turpentine is as a raw material for the chemical industry. It is also used for spray painting and pottery, ceramic coatings, artist’s paints, and naval paints. Turpentine is and sometimes found in furniture and shoes polishes.
Market Growth Drivers:
Growth of the Personal Care Industry and Rising Consumption of Bio-based Solvents in Paint and Coating
Challenges:
Hazardous Nature of the Organic Solvent
Restraints:
Availability of Less Expensive Products and Dependence on the Wood and Paper Industry for Raw Material
Opportunities:
Rising Demand for High-Value Personal Care Products in Middle-Income Countries
The Turpentine Oil market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Turpentine Oil market throughout the predicted period.
Arizona Chemical Company LLC (United States), Pine Chemical Group (Finland), International Flavors & Fragrances (United States), Mentha & Allied Products Pvt Limited (India), Lawter Inc. (United States), Les Derives Resiniques Et Terpeniqes SA (France) and Harting Technology Group (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Renessenz LLC. (United States) and Privi Organics Limited (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Turpentine Oil market by Type, Application and Region.
On the basis of geography, the market of Turpentine Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Target Audience
Turpentine Oil Manufacturers, Turpentine Oil Distributors/Traders/Wholesalers, Turpentine Oil Subcomponent Manufacturers, Industry Association and Downstream Vendors
Turpentine Oil Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Turpentine Oil Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Turpentine Oil industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.