Global Crude Sulphate Turpentine Market is Segmented By Application (Aromatic Chemicals, Camphor, Resins, Industrial Chemicals, Paints and Printing Inks, Personal Care Products, Others), By Type(Delta-3-Carene, Alpha-Pinene, Beta-Pinene, Camphene, Limonene), By Usage (Direct Usage, Indirect Usage), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The Crude Sulphate Turpentine Market size was worth US$ YY million in 2023 and is estimated to reach US$ YY million by 2031, growing at a CAGR of 5.2% during the forecast period (2024-2031).
Crude sulfate turpentine is a subsidiary result of turpentine gained using the distillation of resin in live trees, especially pines. It is a combustible fluid that is insoluble in water but breaks down in specific solvents. Turpentine mostly comprises alpha-pinene and beta-pinene with modest rates of limonene, camphene, carene, and terpinene. Alpha-pinene and beta-pinene are isomers of pinene.
Turpentine is a natural chemical, primarily derived through the pine wood pulping process. The companies are focusing on refining CST into terpene monomer fractions, further upgrading into specialty terpene resins, and offering sustainable, non-genetically modified bio-based alternatives.
Crude sulfate turpentine is utilized in the creation of scents and flavors. Significant end-user businesses incorporate it in personal care products, food, and drinks. It is additionally utilized as a dissolvable during the diminishing of oil-based paints and the creation of stains.
Market Summary
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Metrics |
Details |
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Market CAGR |
5.2% |
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Segments Covered |
By Type, By Applications, By Udage and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Market Dynamics
A shifting inclination toward eco-friendly derivatives drives the global crude sulfate turpentine market growth.
Shifting inclination toward eco-friendly derivatives
A shifting inclination toward eco-friendly derivatives is expected to drive the market growth of the crude sulfate turpentine market. Renewable raw materials such as crude sulfate turpentine offer opportunities for companies to become increasingly conscious about sustainable sourcing. Manufacturers are now focusing on obtaining sustainable raw materials with an effective manufacturing process and are moving towards renewable bio content in product manufacturing. Crude sulfate turpentine can help deliver a more sustainable end-product, replacing the demand for fossil-based materials. The liquid is utilized to manufacture various products, including alpha and beta pinenes, further used in various natural flavors and fragrances. Moreover, these products are reacted into poly-terpenes and used in specialty inks, adhesives, electronic solvents, pharmaceuticals, disinfectants, and other products.
The demand for natural fragrances has been growing because consumers want to avoid synthetic-based ingredients that risk allergies and toxins. Bio-based chemistry delivers sustainable value, helping several industries replace fossil-based sources with renewable solutions offering unmatched performance. Moreover, the chemical industry is seeking more sustainable alternatives to fossil-based products and looking for green feedstock. For instance, In 2020, Södra launched its Liquid Forest range of climate-smart bioproducts, containing turpentine as a sustainable alternative to fossil-based chemicals and fuels.
High cost of the distillation process
The distillation process in crude sulfate turpentine is quite an expensive process. When profit margin and losses are estimated in the crude sulfate turpentine manufacturing process, it may result in uneconomic financial opportunities for investors. The crude sulfate turpentine market is likely to face a lack of investments due to the high cost of the distillation process.
Meanwhile, it is quite difficult to attain the production process of crude compared with gum turpentine. The desulfurization becomes a necessary process for avoiding the unpleasant odor of sulfur in usage. These are some of the main factors which are restraining the market growth in the forecast period.
Covid-19 Impact Analysis on Market
Due to the pandemic, the crude sulfate turpentine market demand has been stable in most applications. The crude sulfate turpentine has been extensively used in aromatic chemicals, industrial chemicals, paints and printing inks, personal products, etc. The market has been disturbed by the shortage of raw materials in some countries.
The beauty industry (comprising skincare, color cosmetics, fragrances, hair care, and personal care) utilizing crude sulfate turpentine has declined by the crisis. The sales have been weak because of the widespread store closures. However, the industry has responded positively, with brands focusing on selling their products in e-commerce stores. After the Covid-19 pandemic, the crude sulfate turpentine market is expected to grow exponentially with changing preferences toward using natural products.
Market Segmentation Analysis
By application, the crude sulfate turpentine market is segmented into personal care products, camphor, resins, aromatic chemicals, industrial chemicals, paints, printing inks, and others.
The wide utilization of fragrance is rising the sales of aroma chemicals
Aroma chemicals will hold a significant share in the crude sulfate turpentine market. Aroma chemicals are an important class of organic molecules used as ingredients in fragrances & flavors. Fragrances from aroma chemicals are utilized globally for imparting alluring aroma and pleasing scents to perfumes, detergents, and toiletries.
The growth of the fragrance industry is driven by the increase in demand for natural fragrances from developing nations such as the U.S and UK and significant technological advancements to meet consumer demands. Moreover, the increasing demand for personalized, niche and customizable fragrances is driving the consumption of aroma chemicals.
Crude sulfate turpentine derivatives are widely utilized in aromas, flavors, and fragrances, expected to strengthen ties between companies and promote further growth. For instance, in March 2020, Harima Chemicals Group entered a partnership agreement with Takasago International Corporation, a leading manufacturer in the flavors and fragrances industry. With the partnership, Lawter would provide a stable supply of turpentine derivatives to be used in Takasogo's Aroma, Flavors & Fragrances, and Fine Chemicals businesses.
Market Geographical Share
The significant demand for crude sulfate turpentine from the cosmetic industry has boosted the market in Europe
The Europe region holds the vital market share for the crude sulfate turpentine market globally and is expected to continue its dominance during the forecast period. Crude sulfate Turpentine has been widely used in the region as disinfectants, solvents, insecticides, and cleaning in the paint industry. Nowadays, it is widely used in the pharmaceutical and perfumery industry as a source of chemical products. Crude Sulfate Turpentine is one of the major sources for producing derivatives for the flavors and fragrances industry, such as camphor, borneol, dihydro myrtenol, terpineol, iso bornyl acetate, and many others.
Europe's care & cosmetics industry is one of the biggest and most flourishing industries. As per Cosmetics Europe, the industry is valued at US$ 89.5 billion (€76.7 billion) at a retail sales price in 2020. The largest national markets for personal care products within Europe are Germany, France, the UK, Italy, Spain, and Poland. Moreover, the cosmetics and personal care industry has grown with investment from outside of the region, developing intangible assets like brands and investing in R&D. Therefore, companies are strengthening their crude sulfate turpentine portfolio by expanding their production unit terpene derivatives in the region. For instance, Derives Resiniques eT Terpeniqes signed an agreement with Savic-Alcan to expand business in the Czech Republic, Hungary, and Slovakia.
Companies and Competitive Landscape
The crude sulfate turpentine market is moderately competitive, led by global companies. However, the local companies have been expanding their portfolio with the demand for fragrance ingredients, contributing to the major share in the market growth. In addition, some of the key players contributing to the market's growth are International Paper, Georgia-Pacific Chemicals, Metsä Fibre, Kraton Corporation, International Flavors & Fragrances Inc, Pine Chemical Group, Stora Enso, WestRock Company, VladaChem GmbH, LGC Limited, Harima Chemicals Group, OOO Torgoviy Dom Lesokhimik, BOC Sciences, and others. The major companies are adopting various new strategies to dominate the market, such as partnerships, launching new products, acquisitions, and collaborations, contributing to the global growth of the crude sulfate turpentine market.
Kraton Corporation
Overview: Kraton Corporation is a U.S based specialty chemicals company that manufactures specialty polymers, styrene block copolymers, and high-value performance products primarily derived from pine wood pulping co-products. The company works through two operating segments, namely the polymer segment and the chemical segment.
Product Portfolio: The company manufactures and sells high-value, sustainable Crude Sulfate Turpentine primarily derived from pine wood pulping.
Key Development
- In 2017, Kraton Corporation's subsidiary named Kraton Performance Polymers, Inc. acquired all of the capital stock of Arizona Chemical Holdings Corporation. Arizona Chemical Holding Corporation is a specialty chemicals company and a provider in the pine chemicals industry.
Why Purchase the Report?
- Visualize the crude sulfate turpentine market segmentation by application, type, usage, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in crude sulfate turpentine by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of crude sulfate turpentine market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global crude sulfate turpentine market report would provide approximately 61 market data tables, 57 figures, and 180 pages.
Target Audience 2024
- Chemical Manufacturers
- Paint & Coating Companies
- Cosmetic Companies
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Distributors, logistic companies, etc.
