Turpentine Global Market

Turpentine  Global Market

Global Turpentine Market Industry Research Report 2026

Explore detailed insights, trends, growth drivers, key players, and forecasts for the Global Turpentine Market Industry Research Report 2026 market worldwide.

Pages: 220

Format: PDF

Date: 01-2026

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Global Turpentine Market – Market Description

The Global Turpentine Market is an important segment of the bio-based chemicals and natural solvents industry. Turpentine is a volatile essential oil primarily derived from pine trees and wood-processing by-products. It is valued for its strong solvency, chemical reactivity, renewable origin, and role as a key intermediate in the production of fragrances, flavors, resins, adhesives, pharmaceuticals, and industrial solvents.

The Global Turpentine Market Report 2025 offers a comprehensive evaluation of market structure, production routes, demand dynamics, and competitive positioning. The analysis examines historical market performance and forecasts growth during the 2026–2036 period, considering forestry policies, sustainability trends, downstream chemical demand, and technological advancements in extraction and refining.

Market growth is supported by increasing demand for bio-based raw materials, expanding chemical derivative applications, and rising preference for natural solvents over petroleum-based alternatives.

Market Segmentation

By Type

  • Rosin-Extracted Turpentine
    • Obtained during gum rosin tapping
    • High purity and preferred for fragrances and specialty chemicals
  • Wood-Extracted Turpentine
    • Derived from wood distillation
    • Used mainly in industrial solvent applications
  • Sulphate Turpentine
    • By-product of the kraft pulping process
    • Major source for large-scale industrial and chemical uses

By Application

  • Medical
    • Pharmaceutical intermediates, ointments, and topical formulations
  • Industrial
    • Solvents, adhesives, coatings, resins, and chemical synthesis
  • Art (Pigment)
    • Solvent for oil paints, varnishes, and artistic restoration work

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, others)
  • Asia-Pacific (China, India, Japan, Southeast Asia, others)
  • South America (Brazil, Argentina, others)
  • Middle East & Africa (Saudi Arabia, South Africa, others)

Impact of COVID-19 on the Turpentine Market

The COVID-19 pandemic impacted the Turpentine market in 2020 due to:

  • Disruptions in forestry operations and wood processing
  • Reduced demand from industrial coatings, construction, and automotive sectors
  • Supply chain and logistics constraints

Recovery was supported by:

  • Resumption of pulp & paper and chemical manufacturing activities
  • Increased demand for bio-based chemicals and solvents
  • Stabilization of global trade and forestry operations

Post-pandemic recovery reinforced interest in renewable and sustainable chemical feedstocks.

Key Players Analysis

Major companies operating in the global Turpentine market include:

  • Eastman Chemical Company
  • Harima Chemicals
  • Arakawa Chemical Industries
  • Arizona Chemical Company
  • Foreverest Resources
  • Punjab Rosin and Chemicals Works
  • Sunny Rosin
  • PT Naval Overseas
  • Recochem
  • DRT
  • E.E. Zimmerman

Competition is driven by access to pine resources, production scale, derivative integration, and sustainability credentials.

Porter’s Five Forces Analysis

  • Threat of New Entrants: Low
    Limited availability of pine resources and capital-intensive processing create high entry barriers.
  • Bargaining Power of Suppliers: Low to Moderate
    Forestry resource ownership provides leverage to integrated producers.
  • Bargaining Power of Buyers: Moderate
    Chemical and industrial buyers seek consistent quality and supply stability.
  • Threat of Substitutes: Moderate
    Petroleum-based solvents compete on cost but lack renewable advantages.
  • Competitive Rivalry: Moderate
    Market dominated by vertically integrated pine chemical producers.

SWOT Analysis

Strengths

  • Renewable and bio-based origin
  • Wide range of industrial and specialty applications
  • Strong demand for downstream derivatives

Weaknesses

  • Dependence on forestry output and climate conditions
  • Price volatility linked to pulp & paper industry cycles

Opportunities

  • Rising demand for sustainable and green chemicals
  • Growth in fragrance, flavor, and bio-solvent markets
  • Expansion in Asia-Pacific and emerging economies

Threats

  • Competition from synthetic and petroleum-based solvents
  • Regulatory pressure on forestry and land use
  • Supply chain disruptions due to environmental factors

Trend Analysis

  • Increasing use of bio-based solvents and intermediates
  • Growth in fragrance, flavor, and aroma chemical derivatives
  • Integration of turpentine into green chemistry platforms
  • Capacity expansion in Asia-Pacific pine chemical production

Market Drivers

  • Rising preference for renewable and sustainable raw materials
  • Growth of chemical intermediates derived from turpentine
  • Expansion of paints, coatings, and adhesives industries
  • Increased awareness of environmental impact reduction

Market Challenges

  • Dependence on forestry resource availability
  • Volatility in raw material supply and pricing
  • Competition from low-cost petrochemical alternatives

Value Chain Analysis

  • Raw Material Suppliers – Pine resin, wood, pulp by-products
  • Turpentine Producers – Extraction and distillation
  • Derivative Manufacturers – Fragrances, resins, solvents, chemicals
  • End Users – Industrial, medical, artistic, and consumer sectors

Market Outlook (2026–2036)

The global Turpentine market is expected to grow at a steady and sustainability-driven CAGR during the forecast period, supported by:

  • Continued shift toward bio-based chemicals
  • Stable demand from industrial and specialty applications
  • Expanding downstream derivative markets

Overall, the market outlook remains positive, with renewable chemistry and vertical integration shaping long-term growth.

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1. Market Overview of Turpentine
    1.1 Turpentine Market Overview
        1.1.1 Turpentine Product Scope
        1.1.2 Market Status and Outlook
    1.2 Turpentine Market Size by Regions:
    1.3 Turpentine Historic Market Size by Regions
    1.4 Turpentine Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2025 Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Turpentine Sales Market by Type
    2.1 Global Turpentine Historic Market Size by Type
    2.2 Global Turpentine Forecasted Market Size by Type
    2.3 Rosin-extracted Turpentine
    2.4 Wood-extracted Turpentine
    2.5 Sulphate Turpentine
3. Covid-19 Impact Turpentine Sales Market by Application
    3.1 Global Turpentine Historic Market Size by Application
    3.2 Global Turpentine Forecasted Market Size by Application
    3.3 Medical
    3.4 Industrial
    3.5 Art(Pigment)
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Turpentine Production Capacity Market Share by Manufacturers
    4.2 Global Turpentine Revenue Market Share by Manufacturers
    4.3 Global Turpentine Average Price by Manufacturers
5. Company Profiles and Key Figures in Turpentine Business
    5.1 Eastman Chemical Company
        5.1.1 Eastman Chemical Company Company Profile
        5.1.2 Eastman Chemical Company Turpentine Product Specification
        5.1.3 Eastman Chemical Company Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.2 Harima Chemicals
        5.2.1 Harima Chemicals Company Profile
        5.2.2 Harima Chemicals Turpentine Product Specification
        5.2.3 Harima Chemicals Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.3 Arakawa Chemical Industries
        5.3.1 Arakawa Chemical Industries Company Profile
        5.3.2 Arakawa Chemical Industries Turpentine Product Specification
        5.3.3 Arakawa Chemical Industries Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.4 Arizona Chemical Company
        5.4.1 Arizona Chemical Company Company Profile
        5.4.2 Arizona Chemical Company Turpentine Product Specification
        5.4.3 Arizona Chemical Company Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.5 Foreverest Resources
        5.5.1 Foreverest Resources Company Profile
        5.5.2 Foreverest Resources Turpentine Product Specification
        5.5.3 Foreverest Resources Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.6 Punjab Rosin And Chemicals Works
        5.6.1 Punjab Rosin And Chemicals Works Company Profile
        5.6.2 Punjab Rosin And Chemicals Works Turpentine Product Specification
        5.6.3 Punjab Rosin And Chemicals Works Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.7 SUNNY ROSIN
        5.7.1 SUNNY ROSIN Company Profile
        5.7.2 SUNNY ROSIN Turpentine Product Specification
        5.7.3 SUNNY ROSIN Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.8 PT. Naval Overseas
        5.8.1 PT. Naval Overseas Company Profile
        5.8.2 PT. Naval Overseas Turpentine Product Specification
        5.8.3 PT. Naval Overseas Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.9 Recochem
        5.9.1 Recochem Company Profile
        5.9.2 Recochem Turpentine Product Specification
        5.9.3 Recochem Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.10 DRT
        5.10.1 DRT Company Profile
        5.10.2 DRT Turpentine Product Specification
        5.10.3 DRT Turpentine Production Capacity, Revenue, Price and Gross Margin
    5.11 E.E.Zimmerman
        5.11.1 E.E.Zimmerman Company Profile
        5.11.2 E.E.Zimmerman Turpentine Product Specification
        5.11.3 E.E.Zimmerman Turpentine Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Turpentine Market Size
    6.2 North America Turpentine Key Players in North America
    6.3 North America Turpentine Market Size by Type
    6.4 North America Turpentine Market Size by Application
7. East Asia
    7.1 East Asia Turpentine Market Size
    7.2 East Asia Turpentine Key Players in North America
    7.3 East Asia Turpentine Market Size by Type
    7.4 East Asia Turpentine Market Size by Application
8. Europe
    8.1 Europe Turpentine Market Size
    8.2 Europe Turpentine Key Players in North America
    8.3 Europe Turpentine Market Size by Type
    8.4 Europe Turpentine Market Size by Application
9. South Asia
    9.1 South Asia Turpentine Market Size
    9.2 South Asia Turpentine Key Players in North America
    9.3 South Asia Turpentine Market Size by Type
    9.4 South Asia Turpentine Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Turpentine Market Size
    10.2 Southeast Asia Turpentine Key Players in North America
    10.3 Southeast Asia Turpentine Market Size by Type
    10.4 Southeast Asia Turpentine Market Size by Application
11. Middle East
    11.1 Middle East Turpentine Market Size
    11.2 Middle East Turpentine Key Players in North America
    11.3 Middle East Turpentine Market Size by Type
    11.4 Middle East Turpentine Market Size by Application
12. Africa
    12.1 Africa Turpentine Market Size
    12.2 Africa Turpentine Key Players in North America
    12.3 Africa Turpentine Market Size by Type
    12.4 Africa Turpentine Market Size by Application
13. Oceania
    13.1 Oceania Turpentine Market Size
    13.2 Oceania Turpentine Key Players in North America
    13.3 Oceania Turpentine Market Size by Type
    13.4 Oceania Turpentine Market Size by Application
14. South America
    14.1 South America Turpentine Market Size
    14.2 South America Turpentine Key Players in North America
    14.3 South America Turpentine Market Size by Type
    14.4 South America Turpentine Market Size by Application
15. Rest of the World
    15.1 Rest of the World Turpentine Market Size
    15.2 Rest of the World Turpentine Key Players in North America
    15.3 Rest of the World Turpentine Market Size by Type
    15.4 Rest of the World Turpentine Market Size by Application
16 Turpentine Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Rosin-Extracted Turpentine
    • Obtained during gum rosin tapping
    • High purity and preferred for fragrances and specialty chemicals
  • Wood-Extracted Turpentine
    • Derived from wood distillation
    • Used mainly in industrial solvent applications
  • Sulphate Turpentine
    • By-product of the kraft pulping process
    • Major source for large-scale industrial and chemical uses

By Application

  • Medical
    • Pharmaceutical intermediates, ointments, and topical formulations
  • Industrial
    • Solvents, adhesives, coatings, resins, and chemical synthesis
  • Art (Pigment)
    • Solvent for oil paints, varnishes, and artistic restoration work

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Spain, Russia, others)
  • Asia-Pacific (China, India, Japan, Southeast Asia, others)
  • South America (Brazil, Argentina, others)
  • Middle East & Africa (Saudi Arabia, South Africa, others)

Impact of COVID-19 on the Turpentine Market

The COVID-19 pandemic impacted the Turpentine market in 2020 due to:

  • Disruptions in forestry operations and wood processing
  • Reduced demand from industrial coatings, construction, and automotive sectors
  • Supply chain and logistics constraints

Recovery was supported by:

  • Resumption of pulp & paper and chemical manufacturing activities
  • Increased demand for bio-based chemicals and solvents
  • Stabilization of global trade and forestry operations

Post-pandemic recovery reinforced interest in renewable and sustainable chemical feedstocks.

Key Players Analysis

Major companies operating in the global Turpentine market include:

  • Eastman Chemical Company
  • Harima Chemicals
  • Arakawa Chemical Industries
  • Arizona Chemical Company
  • Foreverest Resources
  • Punjab Rosin and Chemicals Works
  • Sunny Rosin
  • PT Naval Overseas
  • Recochem
  • DRT
  • E.E. Zimmerman

Competition is driven by access to pine resources, production scale, derivative integration, and sustainability credentials.

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