According to a study by Fact.MR, the global crude sulfate turpentine market (粗硫酸テレピン市場) is expected to reach US$ 592 million in 2024, with a projected 5.1% CAGR from 2024 to 2034. The increasing demand for environmentally friendly products across industries is anticipated to drive sales of crude sulfate turpentine.

The demand for crude sulfate turpentine is expected to rise due to its various applications, such as thinners, adhesives, and solvents in the chemical industry. As a byproduct of pulp manufacturing, it is often purchased by end-use industries under fixed-price contracts, providing them with stability against raw material price fluctuations.

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Suppliers of crude sulfate turpentine are targeting emerging markets to capitalize on the growing demand. This product is widely used as a paint thinner in artistic and household coatings, as well as a diluent or solvent for various products like binders, oils, paints, polishes, and resins.

Key Takeaway from Market Study

• Worldwide demand for crude sulfate turpentine reached a market value of US$ 563.1 million in 2023.
• The global crude sulfate turpentine market (조황산 테레빈유 시장) is estimated at US$ 592 million in 2024.
• The market is set to reach US$ 974 million by the end of 2034.
• Sales of crude sulfate turpentine are predicted to advance at 5.1% CAGR from 2024 to 2034.
• Alpha-pinene held 52.7% share of global market revenue in 2023.
• North America accounted for 50% of global market share in 2023.

Extensive Adoption of Alpha-pinene in End-use Industries

Alpha-pinene is used widely in adhesives, paints, aromatic chemicals, and inks for printing purposes. Use of alpha-pinene in the printing industry accounted for 60% share of global market revenue in 2023.

As one of the key ingredients in drug manufacturing, alpha-pinene is used to treat several diseases, including arthritis, different sclerosis, and Crohn’s disease. In addition, it is also used significantly in several personal care products. Moreover, its adoption in fragrances and perfumes as an artificial odorant is predicted to generate revenue streams.

For instance:

DRT entered into an agreement with Quimidroga in 2019 for increased distribution and marketing of chemical alpha-pinene in Africa and Europe.

Key Companies Profiled in This Report

• DRT
• Stora Enso OYJ
• Arizona Chemicals
• Kraton Corporation
• Pine Chemical Corporation
• Stora Enso
• Takasago International Corporation
• Symrise
• Metsa Fibre
• Torgoviy Dom Lesokhimik
• West Rock

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Competitive Analysis:

Leading crude sulfate turpentine manufacturers are investing substantially in the efficient management of supply chain systems, new developments, ensuring quality control of products, etc. Collaborations, acquisitions, etc., are some prominent strategies adopted by key players to earn a competitive edge.

For instance :

Weyerhaeuser Company, in May 2022, acquired 80,800 acres of timberlands with many pine trees in South and North Carolina. Campbell Global helped the company with a US$ 265 million fund for this acquisition.

Segmentation of Crude Sulfate Turpentine Market (Rohsulfat-Terpentin-Markt) Research

• By Product Type :

  • Alpha-pinene

  • Beta-pinene

  • Limonene

  • Camphene

  • 3-Carene

  • Terpinolene

• By Source :

  • Oil

  • Powder

• By Processing Method :

  • Steam-distilled

  • Destructively-distilled

  • Sulfate-distilled

  • Sulfite-distilled

• By Application :

  • Printing

  • Veterinary Medicines

  • Cosmetics & Personal Care

  • Tires

  • Plastics

  • Rubber

• By Region :

  • North America

  • Europe

  • East Asia

  • Latin America

  • Middle East & Africa

  • South Asia & Oceania

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