Top Turpentine Oil Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Turpentine Oil Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Turpentine Oil industry players.

Turpentine Oil Market Competitive Landscape

Turpentine's application in the creation of isolated chemical compounds, which could then be transformed into a range of products, has benefited the market participants over time. It is increasingly being used as a solvent in various industrial manufacturing processes, boosting market sales. Research on the potential of turpentine's antibacterial properties is accumulating. Its oil's rising use as a remedy is a significant trend supporting the market's expansion. The growth of oil is also fueled by a range of formulations that are applied therapeutically. Additionally, gutta-percha is removed during root canal therapy using rectified white turpentine.

Top Players in Turpentine Oil Market

  • Renessenz LLC (US) 
  • International Flavors & Fragrances Inc. (US) 
  • Privi Speciality Chemicals Limited (India) 
  • Lawter Inc. (US) 
  • Pine Chemical Group (Finland) 
  • ACURO ORGANICS LIMITED (US) 
  • Millennium Specialty Chemicals Inc. (US) 
  • Qingshuiyuan Technology CO. Ltd. (China) 
  • Aurora Fine Chemicals (US) 
  • Salicylates and Chemicals Pvt. Ltd (India) 
  • Kraton Corporation (Japan) 
  • OOO Torgoviy Dom Lesokhimik (Russia) 
  • Pinova, Inc. (US) 
  • Forestar Chemical Co. Ltd (China) 
  • Punjab Rosin and Chemical Works (India) 
  • Vinhconship Group (Vietnam) 

Turpentine Oil Market Recent Development

  • In May 2021: Privi Organic India Ltd, a provider of compounds for the fragrance chemical market, announced a merger with Fairchem Specialty Ltd, a producer of aroma chemicals such as gum turpentine oil, to create Privi Specialty Chemicals Ltd. Due to this, the businesses have been able to increase both their consumer base and manufacturing capacity.
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Global Turpentine Oil Market size was valued at USD 1.5 billion in 2023 and is poised to grow from USD 1.58 billion in 2024 to USD 2.45 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032). 

Turpentine's application in the creation of isolated chemical compounds, which could then be transformed into a range of products, has benefited the market participants over time. It is increasingly being used as a solvent in various industrial manufacturing processes, boosting market sales. Research on the potential of turpentine's antibacterial properties is accumulating. Its oil's rising use as a remedy is a significant trend supporting the market's expansion. The growth of oil is also fueled by a range of formulations that are applied therapeutically. Additionally, gutta-percha is removed during root canal therapy using rectified white turpentine. 'Renessenz LLC (US) ', 'International Flavors & Fragrances Inc. (US) ', 'Privi Speciality Chemicals Limited (India) ', 'Lawter Inc. (US) ', 'Pine Chemical Group (Finland) ', 'ACURO ORGANICS LIMITED (US) ', 'Millennium Specialty Chemicals Inc. (US) ', 'Qingshuiyuan Technology CO. Ltd. (China) ', 'Aurora Fine Chemicals (US) ', 'Salicylates and Chemicals Pvt. Ltd (India) ', 'Kraton Corporation (Japan) ', 'OOO Torgoviy Dom Lesokhimik (Russia) ', 'Pinova, Inc. (US) ', 'Forestar Chemical Co. Ltd (China) ', 'Punjab Rosin and Chemical Works (India) ', 'Vinhconship Group (Vietnam) '

The maintenance requirements for equipment and tools used in the production of products in the automotive ancillary sector are substantial. For these equipment and operational instruments to operate well, regular cleaning is required. Machines are cleaned of oil, grease, grime, and loose debris using mineral turpentine as a solvent. Globally, the use of high-end paints and coatings in the automotive sector has increased. The global mineral turpentine market is anticipated to grow as demand for the product increases in the automotive sector.

Turpentine market producers, end-use industries, and manufacturers profit from the compound's employment in the synthesis of a variety of crucial chemicals for commerce, such as resins and oil additives. Turpentine consumption has increased as a result of advancements achieved in the plastic manufacturing industry worldwide. Players wanting to use these compounds in animal research, such as by inducing a systemic inflammatory immunological response in animals, have recognized enormous income potential in the turpentine industry. People's interest in the turpentine market for internal home treatments in the alternative medical system has grown over time. Turpentine sales have increased as a result of developments in the pharmacology of cannabis. The turpentine market's stakeholders are recognizing new income opportunities as a result of innovative manufacturing techniques that enable suppliers to provide high-quality turpentine oils. The market is also being helped by developments in turpentine fractional distillation. Advances in endodontics connected to root canal filling are also helping the prospects of the turpentine market. The market is being helped by advances in scent production and consumption.

During the projected period, Asia Pacific is anticipated to dominate the global mineral turpentine market. The mineral turpentine market in the Asia Pacific is anticipated to grow as a result of expansion in the auto and manufacturing industries in developing nations. Due to strong population expansion and economic development, it is predicted that the turpentine oil market in the Middle East and Africa will rise more quickly. The region's mineral turpentine market is predicted to grow as a result of significant investment in the building sector. Due to the outsourcing of manufacturing to the Asia Pacific, slower development in the construction and automotive industries, and other factors, it is predicted that the turpentine oil market in North America, Latin America, and Europe would rise slowly.

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Global Turpentine Oil Market
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