Crude Sulfate Turpentine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Crude Sulfate Turpentine Market is segmented by product (alpha-pinene, beta-pinene, camphene, and others), applications (aroma chemicals, additives, adhesives, personal/home care, and others), and geography (Asia-pacific, North America, Europe, South America, and Middle-East & Africa). The report offers market size and forecasts for crude sulfate turpentine in terms of revenue (USD million).

Crude Sulfate Turpentine Market Size

Crude Sulfate Turpentine Market-Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Crude Sulfate Turpentine Market-Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Crude Sulfate Turpentine Market Analysis

The market for crude sulfate turpentine is expected to register at a CAGR of over 3% during the forecast period.

COVID-19 negatively impacted the market in 2022. Several countries worldwide went into lockdown to curb the virus spread due to the pandemic scenarios. The crude sulfate turpentine demand from various industries such as perfumes and fragrances, beauty and cosmetics, and others was halted. However, the condition recovered in 2021, benefiting the market growth studied over the forecast period.

  • The primary factor driving the market's growth is the growing household and personal care product utilization.
  • Moreover, other factors driving the market's growth include high aroma chemicals consumption in producing different fragrances and flavors.
  • On the flip side, the high amount of investments required in the distillation process is a restraint in developing the studied market.
  • North America is anticipated to hold the largest market share due to the region's high home and personal care product consumption.

Crude Sulfate Turpentine Market Trends

This section covers the major market trends shaping the Crude Sulfate Turpentine Market according to our research experts:

High Aroma Chemicals Demand to Boost the Crude Sulfate Turpentine Market

  • Aroma chemicals application represented the most significant volume share. As it is usually sourced, broad usage of these subordinates in producing different fragrances & flavors, detergents, and soaps is expected to drive the market further during the forecast timeline.
  • Crude sulfate turpentine, also called sulfate wood turpentine, is a derivative result of turpentine procured by refining resin appearing in live trees, primarily pines. It is a combustible liquid insoluble in water but breaks up in specific solvents.
  • Consumers' shift toward eco-friendly products is also one of the factors for the increasing growth of crude sulfate turpentines in aroma chemicals. In 2022, 59% of people consciously used green makeup products. 76% of consumers intend to purchase sustainable cosmetics.
  • Products marketed with sustainable claims grew 7.1 times faster than those without such claims. The pandemic pushed sustainability to the forefront and is now a top priority for many cosmetic companies. 64% of global citizens are willing to pay more for sustainable products.
  • In cosmetics, turpentine can be used as it is in solvents for thinning and cleaning purposes. The Brazilian Personal Hygiene, Perfumery, and Cosmetics (HPPC) sector reached USD 1.4 billion in 2021, an increase of 16.2% from the previous year. In 2021, the total value of exports accounted for USD 700 million.
  • China is one of the significant cosmetics consumers, increasing turpentine oil consumption from the cosmetics segment of the country. In 2022, the retail sales of cosmetics by wholesale and retail companies in China totaled about USD 55 billion.
  • All the major companies involved in the manufacturing and sales of perfumes incorporate turpentine in their fragrances for its natural aroma. For instance, the world's leading luxury goods group, LVMH, recorded a revenue of USD 84.21 billion in 2022, of which perfumes and cosmetics earned USD 8.20 billion.
  • Raw sulfate turpentine is mainly used in the production of perfumes and flavors. According to Statista, in 2022, the global fragrances market was valued at USD 51 billion and is anticipated to reach USD 55.4 billion by 2025.
  • All the factors above are expected to drive the global crude sulfate turpentine market during the forecast period.
Crude Sulfate Turpentine Market  : Growth of the Cosmetics Market, (%), Global, 2017-2021

North America to Dominate the Market

  • North America is expected to hold the largest market share globally in the crude sulfate turpentine market during the forecast period.
  • The crude sulfate turpentine market increase correlates with the rising demand for products containing environmentally-friendly fragrance ingredients.
  • Leading players are investing in companies that manufacture products from organic turpentine. For instance, a US-based baby and beauty products company, The Honest Company, raised USD 413 million and is now valued at USD 1.8 billion.
  • Berkshire Partners invested in the natural hair company Mielle Organics. The company received over USD 100 million to help it expand internationally and reinforce its community development program.
  • Thus, rising demand from various industries is expected to drive the market in the region during the forecast period.
Crude Sulfate Turpentine - Growth Rate by Region, 2023-2028

Crude Sulfate Turpentine Industry Overview

The crude sulfate turpentine market is consolidated in nature. Some of the players operating in the business include KRATON CORPORATION, Pine Chemical Group, Lawter, HARTING Technology Group, and Pinova, Inc.

Crude Sulfate Turpentine Market Leaders


  2. Pine Chemical Group

  3. Lawter

  4. HARTING Technology Group

  5. Pinova, Inc.

*Disclaimer: Major Players sorted in no particular order

Crude Sulfate Turpentine Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Crude Sulfate Turpentine Market News

  • May 2022: Weyerhaeuser Company completed its acquisition of 80,800 acres of high-quality timberlands containing multiple pine trees in North and South Carolina. They do it with the help of a fund managed by Campbell Global for approximately USD 265 million.
  • May 2022: Kraton Corporation, a leading global sustainable producer of high-value biobased products derived from pine wood pulping co-products, collaborated Tree-Nation to plant thousands of pine trees in 2022, reflecting its continued focus on sustainability, fighting climate change and offsetting its CO2 emissions.

Crude Sulfate Turpentine Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Utilization of Household & Personal Care Products

      2. 4.1.2 Surge in Demand from High Aroma Chemicals Application

    2. 4.2 Restraints

      1. 4.2.1 High Amount of Investments Required in the Distillation Process

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Product

      1. 5.1.1 Alpha- pinene

      2. 5.1.2 Beta-pinene

      3. 5.1.3 Camphene

      4. 5.1.4 Others

    2. 5.2 Applications

      1. 5.2.1 Aroma Chemicals

      2. 5.2.2 Additives

      3. 5.2.3 Adhesives

      4. 5.2.4 Personal/Home Care

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East & Africa

        1. United Arab Emirates

        2. Saudi Arabia

        3. South Africa

        4. Rest of Middle-East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Stora Enso

      2. 6.4.2 Dujodwala Paper Chemicals Ltd.

      3. 6.4.3 HARTING Technology Group


      5. 6.4.5 Lawter

      6. 6.4.6 Pine Chemical Group

      7. 6.4.7 PInova, Inc.

      8. 6.4.8 Privi Speciality Chemicals Limited

      9. 6.4.9 Weyerhaeuser Company

    5. *List Not Exhaustive

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Crude Sulfate Turpentine Industry Segmentation

Crude sulfate turpentine is a derivative product of turpentine acquired via the distillation of resin occurring in live trees, mainly pines. It is a flammable fluid that is insoluble in water. However, it dissolves in certain solvents. The crude sulfate turpentine market is segmented by product, application, and geography. The market is segmented by product: alpha-pinene, beta-pinene, camphene, and others. By application, the market is segmented into aroma chemicals, additives, adhesives, personal/home care, and others. The report also covers the market size and forecasts for crude sulfate turpentine in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD million).

Alpha- pinene
Aroma Chemicals
Personal/Home Care
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East & Africa
Need A Different Region Or Segment?
Customize Now

Crude Sulfate Turpentine Market Research FAQs

The Crude Sulfate Turpentine Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

KRATON CORPORATION , Pine Chemical Group, Lawter, HARTING Technology Group and Pinova, Inc. are the major companies operating in the Crude Sulfate Turpentine Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Crude Sulfate Turpentine Market.

The report covers the Crude Sulfate Turpentine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Crude Sulfate Turpentine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Crude Sulfate Turpentine Industry Report

Statistics for the 2023 Crude Sulfate Turpentine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Crude Sulfate Turpentine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Crude Sulfate Turpentine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)