Zion Market Research Global Crude Sulfate Turpentine Market, 2016–2024 | Page 3

Crude Sulfate Turpentine Market
chemical products is made from turpentine is long; however, it is extensively used as
fragrance agent, solvent, and flavor; these are some important factors that are anticipated to
boost the global market growth. However, reduced consumption of crude sulfate turpentine
products, availability of less expensive petroleum-based products, less recovery of black
liquor from kraft wood pulping process, decrease in production of paper mill are some
restraining factors hampering the global crude sulfate turpentine market to some extent.
Global Crude Sulfate Turpentine Market: Segmentation
The global crude sulfate turpentine market is fragmented based on applications as
camphor, paints & printing inks, adhesives, aromatic chemicals, and others. On the basis of
product type, the global market is categorized as delta 3 carene, alpha-pinene, camphene,
beta-pinene, limonene, and others. Of these, alpha-pinene is the dominating segment in the
global market, which is followed by camphene and limonene. Generally, it is used in the
varnish thinner and paint.
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Global Crude Sulfate Turpentine Market: Regional Analysis
North America holds the largest market share across the world. This is due to high export of
crude sulfate turpentine to other countries worldwide. Europe accounted for the largest
market share due to the presence of numerous sources of terpenes and low cost of crude
sulfate turpentine. Japan emerged as another region for escalating growth owing to the
presence of large manufacturers of aromatic chemicals and availability of the paints
products where it consumes crude sulfate turpentine material. Asia Pacific shows a
significant growth in the near future.
Global Crude Sulfate Turpentine Market: Competitive Players