Global Gum Turpentine Oil market
Pine tree sap is distilled into gum turpentine oil which is a natural substance. Pinene is the primary component of this natural essential oil, which consists of a wide variety of other terpenoids and hydrocarbons with their own unique chemical activity. Pine chemical production has global ramifications that touch many people's lives. Products derived from pine trees provide a sustainable supply of intermediate chemicals required in the manufacture of common household items used all over the world. Using one of three techniques, pine chemicals can be extracted. Crude Tall Oil (CTO) and Crude Sulphate Turpentine (CST) are recovered as coproducts of the pulping process in the papermaking industry. These compounds are found naturally in pine trees. Gum Rosin (GR) and Gum Turpentine (GT) can be extracted from pine trees in the wild to produce oleoresin. As part of a much more niche sector of the industry, wood turpentine and selected rosins are extracted by grinding up old pine tree stumps and then using a solvent.
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Turpentine, rosin, and any derivatives of these substances are obtained by tapping living pine trees in either plantations or natural stands. Their gum names commonly refer to both turpentine and rosin. Old pine stumps yield similar materials. In regions where pine trees are harvested, turpentine has been utilized as a paint and varnish cleaner. Certain niche applications exist in the pharmaceutical sector as well. These days, turpentine is mostly used to extract chemical isolates, which are then employed in producing a wide variety of end products. Many have major nonaromatic applications, such as polyterpene resins, but the flavour and fragrance industries employ most of them. The largest single turpentine derivative is synthetic pine oil. Several items on the market employ pine oil because of its distinctive scent. Many of the flavours and odours used today, typically associated with naturally occurring oils, may be derived from turpentine.
Derivatives such as camphor, citral, linalool, citronellal, menthol, iso bornyl acetate, and others are used either as such or for elaborating other fragrance and flavor compounds. Among all the end-user applications, paints, coatings, and varnish are the most important consumers, and cleansers and perfumery applications follow them. However, the introduction of water-based paints and the availability of cheap solvent streams from petroleum have greatly diminished this requirement.
Market Synopsis
According to the MRFR analysis, the global gum turpentine oil market size is projected to reach USD 1,579.83 million by 2030 at a CAGR of 6.52%.
Some drivers driving the gum-turpentine oil market are sustained demand from the perfumery and cosmetics industry and continued demand from the paints & coating industry. Turpentine is at or near the top of the list of essential ingredients for various manufacturing processes across diverse end-use industries, including paints & coating. Chemical usage currently accounts for a vital chunk of turpentine consumption as all other uses put together. Turpentine is a common chemical used in the pharmaceutical and beauty sectors. It is best known for its cleaning and thinning abilities. The oil of turpentine, after being extracted, has several applications. One of the most typical applications of turpentine oil derived from gum turpentine oil is being used as a solvent. Most alkyd and oil-based paints, varnishes, and enamels applied with a brush are traditionally thinned with turpentine because of their higher quality. It makes it easier for the paint to coat, bond, and penetrate many kinds of wood. In addition, the gum spirits in turpentine work wonderfully with oil paints.
Additionally, the sustainability focus of the pine-chemicals industry is in line with the rising demand for environmental-friendly ingredients. The rising number of tappers in developing countries to generate increased revenues in the mid-term forecast period are some opportunities in front of the gum turpentine oil manufacturers. However, the overall demand is affected by the availability of substitutes and pine & tapper availability along with changing government regulations surrounding the pine-chemicals market.
Competitive Landscape
The high competition among the players has encouraged the players to produce advanced materials which could be unique in the market and have multiple applications. The various technologies and processes used are different for different companies. Thus, mergers & acquisitions and product development between various companies help them to develop new and innovative techniques and processes with better efficiency and higher performance. Besides, new product development in the last 3 years was the most widely employed growth strategy amongst many market players to capture maximum market share.
HTPL, Privi Speciality Chemicals Limited, Merck KGAA, Menthaallied, Punjab Rosin and Chemicals Works, PT. Naval Overseas, Ratnaka Resins Pvt. Ltd., Mahendra Rosin and Turpentine Pvt. Ltd. and Tung Viet Chemicals Corporation are the most prominent businesses operating in this industry.
Segmentation
By Type
Wood Turpentine: One kind of turpentine, called wood turpentine, is made from the resin of pine trees. It is often referred to as wood Spirits or the spirit of the wood. The hue of wood turpentine ranges from clear to pale yellow, and it smells distinctive. It dissolves in ether and alcohol but not in water. Terpenes like pinene and camphene are found in wood turpentine, a volatile oil. Paints, varnishes, lacquers, and resins are all made with wood turpentine. Additionally, it serves as a cleaner and an oil-based paint thinner. Wood turpentine can be utilized as a scent component and a natural pesticide.
Sulphate Turpentine: A form of turpentine called sulfate turpentine is made from the resin of pine trees. Inks, varnishes, and other goods utilize it as a solvent and thinning agent. Some lubricants and cleansers also contain sulfate turpentine as a component. A colorless to light yellow liquid with a distinctive smell is sulfate turpentine. Water and the majority of organic solvents are miscible with it. Pine tree wood is steam distilled to create sulfate turpentine. The US, Canada, Brazil, Russia, and China are the top five countries that produce sulfate turpentine.
Fat Turpentine: The fat turpentine segment held a market share of 19.83% in 2021 and is expected to register a CAGR of 5.75% during the forecast period. A form of resin produced by distilling pine trees is called fat turpentine. Paper, paint, pharmaceuticals, and colors are among the principal products made using it. A colorless to light yellow liquid with a disagreeable smell called fat turpentine. Its density is 0.93 g/cm3, and insoluble in water.
Carbonization Turpentine: Carbonization Turpentine is a particular variety of turpentine oil produced through the carbonization process. In this process, organic material is either partially or completely burned without oxygen. The most popular application for carbonization turpentine is as fuel. It may also be used to produce charcoal or as a solvent.
By Application
Adhesives & Sealants: Polyterpene resins generated from gum turpentine oil market assessment collected from pine trees are hydrogenated to create hydrogenated terpene resins. The terpene monomers -pinene, -pinene, limonene/dipentene, and -3-carene make up most of the gum turpentine. They give PSAs and hot melt adhesives exceptional heat resistance and tack and peel adherence since they are clear and generally compatible with different polymers. It is an optical pressure-sensitive, UV, and hot-melt adhesive, especially for natural and synthetic rubber-based adhesives. It is also used in many sealing mixtures.
Rubber: Paint thinner and remover are both made from turpentine oil. It may also be used on painted furniture to give a distressed appearance. It reduces the paint's viscosity and enhances its flow when applied. This results in a smoother finish and makes it simpler to apply. It may be used to get paint off of surfaces like brushes and other things. It may be used to clean windows and mirrors when diluted with water.
Perfumes/Fragrances: Gum turpentine oil is a fragrance and flavoring in candy, chewing gum, perfume, and deodorant. In manufacturing, turpentine oil is used in soap and cosmetics and added to perfumes, foods, and cleaning agents for fragrance. It is mainly used in producing aromatic chemical compounds such as camphor, isobornyl acetate, terpineols, pine oil, etc., and subsequently for flavors and fragrances.
Pharmaceutical Products: Gum turpentine oil is a fragrance and flavoring in candy, chewing gum, perfume, and deodorant. In manufacturing, turpentine oil is used in soap and cosmetics and added to perfumes, foods, and cleaning agents for fragrance. It is mainly used in producing aromatic chemical compounds such as camphor, isobornyl acetate, terpineols, pine oil, etc., and subsequently for flavors and fragrances.
Others: The other segment held a market share of 5.54%% in 2021 and is expected to register a CAGR of 6.19% during the forecast period. Others include food additives, cosmetics, insecticides, disinfectants, bug repellants, etc. Turpentine, made from pine resin and oil, is used to treat humans and animals for fleas, ticks, and lice and prevent the growth of boring larvae in trees.
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By Region
North America: North America has remained the fastest and the largest growing region, having accounted for a 35.96% value share of the overall market due to the most aggressive growth in the paints & coating and perfume end-use industries in the region.
Europe: Europe is also expected to show lucrative growth in the forecast period, the region is further segmented into Germany, Russia, Italy, France, Spain, the UK, and the rest of Europe. Europe remained the third vital market when it comes to the overall consumption of gum turpentine oil.
Asia-Pacific: The Asia-Pacific region is expected to show healthy growth in the market for gum turpentine oil during the forecast period. This is mainly due to the increasing demand from end-use industries such as paper, paint, and medicine and this region's increasing demand for aromatic chemicals and personal care products.
Latin America: The Latin America region is further segmented into Brazil, Mexico, Argentina, and the rest of Latin America. Paints & coatings accounted for the largest share of the market. Besides, the growing demand for perfumes and fragrances is on the rise in the region which is poised to consume a vital chunk of the market.
Middle East & Africa: The Middle East & Africa gum turpentine market is expected to grow robustly over the forecast period. GCC countries are poised to account for a vital chunk of the market with ever-growing demand growth from the burgeoning paints & coaings industry in the region.
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