San Francisco, California, July 13, 2017: A recent report by TMR Research presents a thorough analytical account of the global crude sulfate turpentine market. The report is titled “Crude Sulfate Turpentine Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
The report states that factors such as the vast rise in usage of fragrance ingredients in the personal care industry and easy availability of cheap raw materials as well as their eco-friendly nature will help the global crude sulfate turpentine market tread along a healthy growth path over the report’s forecast period. The market will also benefit from the high percentage of forests in Nordic countries assigned for production activities.
The growth prospects of the global crude sulfate turpentine market are hampered to a certain extent due to the need for high capital investment for establishing fractional distillation facilities, which is limiting manufacturers from using raw materials effectively. Nevertheless, the rapidly expanding population of affluent middle class people in developing countries across regions such as Asia Pacific are expected to pave the way for sustainable demand for personal care products. This is, in turn, expected to create notable growth opportunities for the crude sulfate turpentine market.
Of the key regional markets for crude sulfate turpentine covered in the report, including North America, Europe, Asia Pacific, and Middle East and Africa, the market in North America is expected to hold the dominant share in market’s overall revenue over the forecast period. Countries such as the U.S. and Canada are prominent producers, users, exporters of crude sulfate turpentine and are expected to push the North America market ahead towards a promising growth path. The vast usage of global crude sulfate turpentine in a number of applications across the paint and chemicals industries is also expected to drive the market in North America over the forecast period.
The market for global crude sulfate turpentine in Asia Pacific is expected to exhibit a highly promising growth rate over the report’s forecast period, attributed chiefly to factors such as the high population base and the thriving market for personal care products in developing economies such as China and India. The high demand for turpentine in the paints and chemicals industries will also help drive the Asia Pacific crude sulfate turpentine market over the report’s forecast period.
The rising intensity of competition in the global crude sulfate turpentine market is compelling leading vendors to focus on ways of enhancing product portfolios and strategies such as mergers and acquisitions to extent geographical boundaries of operations. Some of the leading companies operating in the global crude sulfate turpentine market are Dujodwala Paper Chemicals Ltd., Derives Resiniques et Terpeniqes, Arizona Chemical Company LLC, Privi Organics Limited, Pine Chemical Group, and Harting S.A.