Gum Turpentine Market Global Production, Growth, Share, Demand and Applications Forecast to 2029
Gum turpentine is a viscous, flammable, and odourless liquid derived from pine trees' resinous sap. Pine gum and gum spirits are other names for it. It is primarily composed of monoterpene hydrocarbons such as alpha- and beta-pinene, which are responsible for its distinct fragrance as well as its solvent properties. The process of obtaining these gum spirits is known as tapping, which dates back to ancient times and is an important step in the Gum Turpentine market.
Gum Turpentine Market Scope
In the Gum Turpentine Market report, the forecast period is considered from 2022 to 2029, and 2022 is a based year. 2021 market size in terms of value and volume is estimated on real numbers and outputs of the prominent players across the globe. The year 2021 is an exception and is analyzed specifically with the impact of the region.
The report includes an in-depth analysis of the Gum Turpentine market, as well as market segmentation. The report includes a regional analysis of market dynamics, which assists readers in comparing past trends to current market scenarios, as well as the contributions of key players.
Gum Turpentine Market Overview
The Maximize Market Research, an Gum Turpentine Market research firm, has served more than 600 clients across the world since 2017. The new market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Gum Turpentine Market suppliers in the forecast period through 2029.
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Gum Turpentine Market Segment Analysis :
Gum Turpentine Market Segmentation, by Application
Paints and Coatings, Adhesives, Fragrance and Pharmaceuticals are the 3 major segments in Gum Turpentine market. Each application segment has distinct requirements and growth potential, driven by factors such as consumer preferences, industry trends, and regulatory standards. Paints and Coatings have the highest market share amongst its applications. While Pharmaceutical applications have the highest potential in the Gum Turpentine market.
Gum Turpentine Market Segmentation, by Packaging
Bottles, Drums and Cans were the segments in Gum Turpentine industry. These were considered the 3 ways of packaging. This segmentation considers factors such as product safety, convenience, and market preferences for different packaging formats. Drums were having the largest share in packaging segment, followed by bottles and cans.
by Packaging
Bottles
Drums
Cans
by Distribution
Channel Direct sales
Distributors
Wholesalers
Online retail
Gum Turpentine Market Major Players :
1. Georgia-Pacific Chemicals LLC - United States
2. International Flavors & Fragrances Inc. - United States
3. Kraton Corporation - United States
4. Ingevity Corporation - United States
5. Berje.Inc – United States
6. Weyerhaeuser Company - United States
7. Harting S.A. – Spain
8. DRT (Derives Résiniques et Terpéniques) - France
9. Domsjö Fabriker AB - Sweden
10. Symrise AG - Germany
11. Lawter – Netherlands
12. UPM Biochemicals - Finland
13. Torgoviy Dom Lesokhimik Ltd. – Russia
14. Sociedad Española de Resinas Naturales S.A. (SERNAR) - Spain
15. Ingevity South Africa (Pty) Ltd. - South Africa
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Regional Insights
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Frequently Asked Questions:
Q.1) What is the CAGR of Gum Turpentine market?
Ans: The CAGR for market is 8.4%
Q.2) Which are the leading companies in Gum Turpentine market?
Ans: Kraton Corporation, Ingevity Corporation and Berje are some of the leading companies in the market
Q.3) Which region shows maximum potential in Gum Turpentine market?
Ans: Asia Pacific is expected to grow exponentially and is likely to dominate market in future
Q,4) Which is the leading region in Gum Turpentine market?
Ans: Asia Pacific leads the market of market significantly
Q.5) What was the forecasted period of this report?
Ans: The forecasted period for the market research was 2023 – 2029
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Gum Turpentine Market
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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