The Global Crude Sulfate Turpentine Market was worth $208.90 million in 2016 and estimated to be growing at a CAGR of 4.10%, to reach $255.38 million by 2021.
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Global Crude Sulfate Turpentine Market Overview:
The market is showcasing potential in the mentioned forecasting period. Crude sulfate turpentine is becoming quite famous in recent years as the demand for fragrance ingredients is increasing which require crude sulfate turpentine derivatives; consumers are getting inclined towards more eco-friendly products and crude sulfate turpentine is a welcome substitute to petrochemicals. Also, the very same is getting reflected in the case of perfumes, detergents, and soaps.
The technology includes extraction of terpen hydrocarbons vapours from digester and evaporators and later getting it separated from turpentine water. Crude sulfate turpentine acts like feedstock for the manufacturer who produces flavorings, polymer additives pinenes, pine oil, fragrances and turpentine oil. Extraction of Turpentine oil is done from oleoresin which is collected from a tree. Turpentine is being used as a commercial fuel source and an alternative to fossil fuels in applications such as furnaces, industrial boilers, lamps and rocket fuels.
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Global Crude Sulfate Turpentine Market Segmentation:
The Global Crude sulfate turpentine market is broadly categorized by Type (Alpha Pinene, Beta Pinene, Delta 3 Carene, Camphene, Limonene) and by Application (Aromatic Chemicals, Adhesives, Paints and printing inks, Camphor). On the basis of product type, Delta 3 Carene is anticipated to be the fastest growing segment due to the increasing use of turpentine as a solvent for resins. Based on applications, aromatic chemicals accounts for the largest market share because of the high use of crude sulfate turpentine in FMCG products such as air fresheners, soaps, and deodorants.
Some of the major companies dominating the Crude sulfate turpentine market, by their products and services include:
Renessenz LLC
Dujodwala Paper Chemicals Ltd
Arizona Chemical Company LLC
International Flavors & Fragrances Inc.
Pine Chemical Group
Lawter Inc.
Privi Organics Limited
HARTING Technology Group
Derives Resiniques et Terpeniqes
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