This XploreMR study on the turpentine market offers a ten-year forecast for the global turpentine market from 2018 to 2028. The study considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration of 2018 to 2028. The Compound Average Growth Rate (CAGR) in the turpentine market study has been represented from 2018 to 2028.
The turpentine market study covers various perspectives of the market, including market dynamics, competition analysis, value chain and pricing chain analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global turpentine market is projected to grow at a CAGR of 6.0% between 2018 and 2028, in terms of value. Increasing demand for turpentine from fragrance and cosmetics applications is expected to drive the global market, in terms of both value and volume, during the forecast period.
Turpentine is a type of bio- based oil derived from pine tree. CST and gum turpentine are the two types of turpentine. Gum turpentine is obtained from the pine tapping and distillation of pine tree resin, whereas CST is obtained as a by-product of the paper making process. The major products derived from pine trees include gum rosin, gum turpentine and tall oil. Various techniques of pine tapping are employed across different regions. Turpentine can be used in various applications including fragrances, cosmetics, foods, paints and coatings, and others.
Turpentine Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028Buy Now
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