The latest report by Syndicated Analytics titled “Turpentine Production Cost Analysis 2022-2027: Capital Investment, Manufacturing Process, Raw Materials, Operating Cost, Industry Trends and Revenue Statistics” offers the requisite knowledge one requires before foraying into the turpentine industry. The report encompasses exhaustive insights pertaining to pricing, margins, utility costs, operating costs, capital investments, raw material requirements and primary process flow, which is based on the latest economic data. It is a must-read report for new entrants, investors, researchers, consultants and business strategists that assists them in understanding the turpentine industry in a better manner to make informed business decisions.

Note: We are constantly monitoring market changes and consumer behavior worldwide as the COVID-19 crisis sweeps the globe. We consider the pandemic’s effects while estimating the most recent market trends and forecasts.

Turpentine refers to a fluid that is obtained by processes such as filtration and distillation of resin harvested from living trees, mainly pines. It contains Limonene, Camphene, 3-Carene, and other useful constituents and is primarily utilized as a specialized solvent in various industries, including cosmetic & personal care, food, paints & coatings, home care, and others. In addition, turpentine oil is widely used in pharmaceutical products to treat infection of the stomach and intestine and reduce congestion. Apart from this, turpentine has comparatively lower healing value than butane, gasoline, and butane, which makes it ideal commercial fuel for industrial furnaces and boilers.

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The escalating demand for chemical products with bio-based flavorings, fragrance agents, and solvents is primarily driving the global turpentine market. Moreover, the growing preference for eco-friendly household and personal care products is augmenting the demand for turpentine. Additionally, the implementation of stringent regulations by the government authorities of several nations towards the use of volatile organic compounds (VOC) in personal care and cosmetic products is further catalyzing the demand for turpentine. Apart from this, the increasing popularity of turpentine oil as a medical elixir owing to its antibacterial properties is also providing lucrative growth opportunities to the market. Furthermore, the rising utilization of rectified white turpentine in root canal treatment for removing gutta-percha is further impelling the market growth. Besides this, the growing use of turpentine as a solvent in paints and coatings and the expanding construction and automotive sectors are anticipated to drive the global turpentine market in the coming years.