Turpentine is a colorless or yellowish liquid having extremely strong pine-like fragrance. Turpentine is a volatile oil that is extracted from the pine resins which is obtained from the trees of the genus Pinus. Turpentine is composed of terpenes which mainly consist of the monoterpenes such as alpha-pinene and beta-pinene with small quantities of careen, dipentene, camphene and terpinolene.
Q2 2024 APCO Geopolitical Radar - The Global Operating Environment for Business
Turpentine Market Share, Size, Statistics and Growth Drivers to 2020
1. Turpentine Market - Global Industry Expert Opinions
Analysis, Emerging Opportunities, Market Size, Share,
Growth Drivers, Market Trends, Statistics And Forecast
2015 - 2020
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2. Report Description
Turpentine is a colorless or yellowish liquid having extremely strong pine-like fragrance.
Turpentine is a volatile oil that is extracted from the pine resins which is obtained from the
trees of the genus Pinus. Turpentine is composed of terpenes which mainly consist of the
monoterpenes such as alpha-pinene and beta-pinene with small quantities of careen,
dipentene, camphene and terpinolene. Turpentine is often replaced by mineral turpentine
or other petroleum distillates which are very different chemically. Turpentine is easily
soluble in non-polar solvents, acetone, diethyl ether and absolute ethanol among others.
Turpentine is used to manufacture a wide range of chemicals such as terpineol, synthetic
camphor and synthetic borneol among others. Thus, the growing chemical industry is
expected to boost the overall turpentine market. China is expected to be the largest
manufacture of turpentine owing to the presence of abundant pine resource which in turn
helps to ensure ample supply of the raw material. The global market off turpentine is driven
by the production of gum rosin.
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3. Scope
The overall demand for oleoresin is expected to boost the overall demand for turpentine
market. Turpentine is also widely used to manufacture perfumes. Gum turpentines are majorly
used to synthesize essence and other fragrances. The growing perfume industry in China is
expected to boost the overall growth of the turpentine market.
In certain countries, turpentine is also used in the pharmaceutical industry. Turpentine is also
employed to manufacture paints, coatings and varnishes especially in countries where there is
abundant pine available.
4. Key Players
Some of the key participants manufacturing turpentine include Pine Chemicals Ltd., Yunnan
Jinggu Forestry, Ltd., Krishna Trading Co. and Guangdong Jiangmen Xinhui Overseas Chinese
Industry Development Co., Ltd. among others.
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