The crude sulfate turpentine market is projected to grow at a CAGR of 4.10% from 2016 to 2022, to reach a projected value of USD 279.5 Million by 2022. Crude sulfate turpentine has become prominent in recent years due to the increasing demand for fragrance ingredients that require crude sulfate turpentine derivatives; increasing preference of consumers towards eco-friendly products that include crude sulfate turpentine as a substitute to petrochemicals; and increasing demand for personal care products such as perfumes, detergents, and soaps.

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The crude sulfate turpentine market, on the basis of application, is segmented into aromatic chemicals, adhesives, paints and printing inks, camphor, and others. Aromatic chemicals accounted for the largest market share in 2015. They are used to a large extent for personal care products across the globe. Aromatic chemicals is extensively used in fast-moving consumable goods in countries with a high population such as India and China.

North America accounted for the largest market share for crude sulfate turpentine in 2015. Asia-Pacific is projected to be the fastest-growing market during the forecast period considered, due to the high consumption of crude sulfate turpentine in countries such as India and China. This is attributed to the high population in countries and also increasing demand for personal care products in the Asia-Pacific region.

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The major restraining factor for the crude sulfate turpentine market is that distillation requires high investments that restricts manufacturers from efficient utilization of the raw material. Moreover, low recovery of black liquor through the kraft process is expected to hamper the market growth of the crude sulfate turpentine globally over the forecast period

Key participants in the supply chain of the crude sulfate turpentine market are crude sulfate turpentine manufacturers. The key players that are profiled in the report include Renessenz LLC (U.S.), International Flavors & Fragrances Inc. (U.S.), Privi Organics Limited (India), Dujodwala Paper Chemicals Ltd. (India), Arizona Chemical Company LLC (U.S.), Derives Resiniques et Terpeniqes (France), Lawter Inc. (U.S.), Harting S.A. (Chile), and Pine Chemical Group (Finland).

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