The Middle East and Africa Crude Sulfate Turpentine Market was worth USD 18.12 million in 2021 and estimated to be growing at a CAGR of 2.94%, to reach USD 20.94 million by 2026. The market is showcasing potential in the mentioned forecasting period.
The crude sulfate turpentine is extracted during the kraft pulp-making process, which is then sold as a commodity. The process separates the cellulose fibers that are used to make paper. Manufacturers source plant materials directly. It is an unpredictable golden fluid that offers important products, including alpha and beta pinenes, which are the barriers to the construction of different normal flavors and aromas. Also, these products are transformed into polyterpenes, which are used in glues, claiming famous inks, electronic solvents, nutrients, drugs, disinfectants, and various products. The convergence of the products fluctuates with the change of the deductible geological territories of the variety of the genus Pinus in pine. Manufacturers focus on sourcing sustainable raw materials through a productive assembly process. They are moving towards renewable bio substances for the manufacture of products. For example, Kraton is updating the content of bio-renewable substances (BRC) generally maintaining the overall performance of the tires produced
Crude sulfate turpentine is getting famous in the recent past as the demand for fragrance ingredients is rising which requires crude sulfate turpentine derivatives; customers are getting attracted towards more environmental-friendly products and crude sulfate turpentine is a substitute which is a welcome alternative to petrochemicals. The same is getting reflected in the case of detergents, perfumes, and soaps.
The technology includes extraction of hydrocarbons vapors of terpene from evaporators and digester and later separating it from turpentine water. For the manufacturer, crude sulfate turpentine acts like feedstock, who produces polymer additives pinenes, flavorings, pine oil, fragrances, and turpentine oil. Turpentine oil is extracted from oleoresin which is collected from a tree. Turpentine is also used as a commercial fuel source - an alternative to fossil fuels in applications like industrial boilers, furnaces, lamps, and rocket fuels.
The MEA market for Crude Sulfate Turpentine is experiencing maximum growth due to the environmentally friendly nature of the product. Therefore, this product has found huge demand in the making of several consumer goods, such as toothpaste, perfumes, soaps, and so on. Also, an increase in the production of chemicals from turpentine that is used as a solvent, fragrance agent, and flavoring agent are other factors that are expected to drive the growth of the MEA crude sulfate turpentine market. Crude sulfate turpentine has a wide range of applications in the chemical industry as a solvent, as well as product types such as alpha and beta pinenes, polymerized products, solid and liquid polyterpenes resins, monoterpenic alcohols, camphene and paracymene. They are applied as solvents, materials for the manufacture of adhesives, floats, biologically active substances, polymerization activators, and for the making of perfume additives. Therefore, the growth of end-user industries, the shift of consumer attention to natural-based products, and the initiative of governments to encourage green products will boost the market for crude sulfate turpentine in the Middle East and Africa.
However, the decrease in the consumption of products made from crude sulfate turpentine, as well as the lower production of the paper mills, the availability of cheaper petroleum products, and the lower recovery of black liquor from the pulping process are some of the factors that hinder the growth of the MEA Crude Sulfate Turpentine Market.
The Middle East and Africa Crude sulfate turpentine market is broadly characterized by Type (Alpha Pinene, Beta Pinene, Delta 3 Carene, Camphene, Limonene) and by Application (Adhesives, Paints and printing inks, Camphor). On the basis of product type, Delta 3 Carene is expected to be the fastest-growing segment due to the high use of turpentine as a solvent for resins. Based on applications, aromatic chemicals accounts for the largest market share because of the increased use of crude sulfate turpentine in FMCG products such as soaps, air fresheners, and deodorants.
The Middle East and Africa Crude Sulfate Turpentine market have been classified based on geography into South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, and the Rest of the Middle East and Africa. The locale is among the key emerging regions, which will generate promising opportunities for the Crude Sulfate Turpentine Market during the projection period due to the increased production of chemicals from turpentine that is used as a solvent, fragrance agent, and flavoring agent.
Renessenz LLC held the largest share of the Middle East and Africa Crude Sulfate Turpentine Market in terms of sales and revenue in 2020.
Key Players in the Market:
Major Key Players in the MEA Crude Sulfate Turpentine Market are
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