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(HomeGarden247.com, June 12, 2018 ) The Crude Sulfate Turpentine has been facing growing demand in recent times owing to the increased use of fragrance ingredients and demand for the same. Further, the inclination of the world towards eco-friendly products aids in the growth for demand of crude sulfate turpentine which is being welcomed as a substitute for petrochemicals and their increasing application can be seen in the case of detergents, soaps, and perfumes.
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The Global Crude Sulfate Turpentine market is estimated to have a value of USD 208.90 million in 2016. With a CAGR of 4.10%, the market size is expected to grow rapidly to cross USD 255.38 million by 2022. The market growth can be attributed to the rapid rise in the total amount of personal care products used globally and the increasing demand for the use of eco and bio-friendly ingredients and products.
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Market Underlying Factors
The production of crude sulfate turpentine involves the extraction of hydrocarbons of terpene vapors from the evaporators and digesters which are later separated from the water of turpentine. Crude sulfate turpentine acts a feedstock for the producers of polymer additives pinenes, fragrances, flavorings, pine oil, and turpentine oil. The basic extraction of turpentine oil is done from oleoresins which are obtained from a tree.
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As of now, North America with its seasoned market and high consumer awareness accounts for the largest share of global Crude Sulfate Turpentine market, with more than a third of the global market share, followed by Europe and Asia Pacific.
The major market contributors for the Global Crude Sulfate Turpentine market are Dujodwala Paper Chemicals Ltd, Renessenz LLC International Flavors & Fragrances Inc., Arizona Chemical Company LLC, Lawter Inc., Privi Organics Limited, Pine Chemical Group, HARTING Technology Group and Derives Resiniques et Terpeniqes.
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