What is Global Crude Sulfate Turpentine Market?
The Global Crude Sulfate Turpentine Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. Crude Sulfate Turpentine (CST) is a by-product obtained during the production of paper pulp from pine trees. It is a volatile liquid that is used in various applications due to its strong antiseptic properties. The CST market is primarily driven by the increasing demand for pine chemicals, such as camphene, limonene, and terpineol. The market is also influenced by the growing end-use industries, such as adhesives, paints, and fragrances. However, the availability of less expensive petroleum-based alternatives may hinder the growth of the market.
Alpha Pinene, Beta Pinene, Delta 3 Carene, Camphene, Limonene in the Global Crude Sulfate Turpentine Market:
Alpha Pinene, Beta Pinene, Delta 3 Carene, Camphene, and Limonene are some of the key products derived from Crude Sulfate Turpentine. Alpha Pinene and Beta Pinene are the two isomers of pinene and are used in a variety of applications, including fragrances, adhesives, and solvents. Delta 3 Carene has a sweet and pungent odor and is used in the perfume industry. Camphene is used in the preparation of fragrances and as a food additive. Limonene, with its strong smell of oranges, is used in a variety of products, such as cleaning products, perfumes, and flavorings. These products have a significant contribution to the growth of the global CST market.
Fragrance Chemicals, Adhesives, Paints and Printing Inks, Others in the Global Crude Sulfate Turpentine Market:
The Global Crude Sulfate Turpentine Market finds extensive usage in various areas such as Fragrance Chemicals, Adhesives, Paints, and Printing Inks, among others. In the Fragrance Chemicals industry, it is used as a key ingredient in the production of perfumes due to its unique aroma. In the Adhesives industry, it is used as a solvent, and in the Paints and Printing Inks industry, it is used as a drying agent. Other applications of CST include its use in the production of rubber, in the pharmaceutical industry, and as a flavoring agent in the food and beverage industry. The wide range of applications of CST is a major factor contributing to the growth of the market.
Global Crude Sulfate Turpentine Market Outlook:
The global Crude Sulfate Turpentine market, which was valued at US$ 173 million in 2022, is expected to reach US$ 196.3 million by 2029, growing at a CAGR of 1.8% during the forecast period 2023-2029. The market is dominated by the top 3 players who hold about 50% of the global market shares. Alpha Pinene is the main type of product derived from CST, holding a share of about 60%. The main application of CST is in the Fragrance Chemicals industry, which holds a share of about 60%. The growth of the market is primarily driven by the increasing demand for pine chemicals in various end-use industries. However, the market faces challenges due to the availability of less expensive petroleum-based alternatives.
| Report Metric | Details |
| Report Name | Crude Sulfate Turpentine Market |
| Accounted market size in 2023 | US$ 173 million |
| Forecasted market size in 2030 | US$ 196.3 million |
| CAGR | 1.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | DRT, International Flavors & Fragrances, Symrise, WestRock, International Paper, Pine Chemical Group, Georgia-Pacific, Kraton Corporation, Stora Enso, SCA |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
