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全球粗硫酸松节油市场规模、份额、成长分析、按应用(樟脑、树脂)、按成分(蒎烯、柠檬烯)、按最终用户(化妆品、食品和饮料)- 2024-2031 年行业预测Global Crude Sulfate Turpentine Market Size, Share, Growth Analysis, By Application(camphor, resins), By Composition(pinene, limonene), By End user(Cosmetics, food & beverage) - Industry Forecast 2024-2031 |
2022年,全球粗硫酸松节油市场规模为6.9459亿美元,预计将从2023年的7.1751亿美元成长到2031年的9.3032亿美元,在预测期间(2024-2031年)复合年增长率为3.30%。
由于多种因素,包括亚太地区需求的增加,芳香化学品以及个人和家庭护理产品应用的成长正在扩大。此外,与石化衍生物相比,环保型 CST 衍生物明显转变,推动了产业的进一步进步。粗硫酸盐松节油是一种重要成分,透过每年或每六个月的合约从纸浆製造副产品中获得。这种挥发性琥珀色液体含有α和β蒎烯,是天然香料和香料所必需的。此外,它也被用来製造多萜烯,这在黏合剂、油墨、溶剂、药品等中至关重要,其变化受到松属和地理因素的影响。它源自于蒸煮硫酸盐纤维素,可应用于油基涂料稀释、清漆生产和各种化学工艺,为黏合剂、油漆、印刷油墨和燃料生产等行业提供多功能性。
Global Crude Sulfate Turpentine Market size was valued at USD 694.59 million in 2022 and is poised to grow from USD 717.51 million in 2023 to USD 930.32 million by 2031, growing at a CAGR of 3.30% during the forecast period (2024-2031).
The growth in aroma chemicals and personal and home care product applications is expanding due to various factors, including increasing demand in the Asia Pacific region. Additionally, there's a noticeable shift towards eco-friendly CST derivatives over petrochemical derivatives, driving further industry advancement. Crude sulphate turpentine, acquired through yearly or six-monthly contracts from pulp manufacturing byproducts, serves as a vital ingredient. This volatile amber liquid contains alpha and beta pinenes, essential for natural flavors and fragrances. Moreover, it's utilized to create poly-terpenes, crucial in adhesives, inks, solvents, pharmaceuticals, and more, with variations influenced by the Pinus genus and geographical factors. Derived from cooking sulphate cellulose, it finds applications in oil-based paint thinning, lacquer production, and various chemical processes, offering versatility across industries such as adhesives, paints, printing inks, and fuel production.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Crude Sulfate Turpentine Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Crude Sulfate Turpentine Market Segmental Analysis
The Crude Sulfate Turpentine Market can be divided into the following groups based on composition: pinene, limonene, camphene, carene, terpinene, and others. Solvents, aromatic compounds, flavouring agents, adhesives, paint thinners, printing ink, and others can all be categorised according to their applications. Cosmetics, food & beverage, health care, paints, and other industries are some of its end-user industries. Based on application, the Crude Sulfate Turpentine Market is segmented into camphor, resins, aromatic chemicals, industrial chemicals, paints and printing inks, among other things. Based on Region Crude Sulfate Turpentine Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Drivers of the Global Crude Sulfate Turpentine Market
Camphene, a common food additive utilized across the food and beverage sectors for enhancing flavor profiles and prolonging product shelf life, is driving the expansion of the crude sulphate turpentine market due to its widespread applications. This growth is further propelled by the escalating demand for derivatives like pure alpha- and beta-pinene, terpineol, camphor, and carene derived from crude sulphate turpentine, which find utility as key raw materials in various industries including soap, phenyl, household and industrial cleaning, cosmetics, and personal and home care production. As a result, there's a projected surge in the demand for crude sulphate turpentine over the forecast period.
Restraints in the Global Crude Sulfate Turpentine Market
The variability in crude raw material prices directly affects manufacturers' access to raw materials, compelling them to raise prices for crude sulphate turpentine in order to offset market setbacks. These factors significantly impede demand for crude sulphate turpentine and constrain market growth opportunities.
Market Trends of the Global Crude Sulfate Turpentine Market
During the forecast period, the market is anticipated to be driven further by the extensive utilization of aroma chemicals, which currently hold the largest volume share. These substances, readily available and commonly utilized in the manufacture of diverse fragrances, flavors, detergents, and soaps, are poised to continue fueling market growth.