The growth of the market is hampered by the high capital investment requirements in fractional distillation that limits manufacturers from efficiently utilizing raw materials.
Albany, NY -- (SBWIRE) -- 02/03/2017 -- With the increasing demand for fragrance ingredients from personal care products sector, the global crude sulfate turpentine market is poised to tread along a healthy growth track. The growing popularity of crude sulfate turpentine can be attributed to the cheap raw materials and their eco-friendly nature. Moreover, the high percentage of forests assigned for production activities in Nordic countries and increasing production of paper are escalating the growth of the market.
The study compiled on the basis of primary and secondary resources available helps both existing and new players operating in the global crude sulfate turpentine market in forming important business strategies. It presents detailed information about the development trends of the market. Market dynamics, key growth observations, regional information, and competitive landscape are also extensively covered in the report.
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Global Crude Sulfate Turpentine Market: Trends and Opportunities
The growth of the market is hampered by the high capital investment requirements in fractional distillation that limits manufacturers from efficiently utilizing raw materials. Furthermore, the low rate of recovery of black liquor through Kraft process is hindering the growth of the market. The growth of the market is also challenged by the dependence on the paper and wood industries for raw materials.
However, the rapidly growing middle-class population in emerging regions such as Asia Pacific are paving way for strong demand for high-value personal care products. This is likely to create substantial growth opportunities for the market. Moreover, the increasing dependence on crude sulfate turpentine as a substitute to petrochemicals owing to its safe and eco-friendly nature is estimated to augur well for the growth of the market in the near future.
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Global Crude Sulfate Turpentine Market: Geographical Segmentation
The key regions studied in the report are North America, Asia Pacific, Europe, and Rest of the World. North America is expected to command a large share in the market throughout the forecast period. Countries such as Canada and the U.S are prominent producers, exporters, and users of turpentine. The widespread adoption of crude sulfate turpentine across chemicals and paint industries is augmenting the growth of the region. Asia Pacific is estimated to rise at a tremendous CAGR during the forecast period. The growth of the region will be driven by high population base countries such as India and China. The demand for personal care products is increasing at a brisk pace, which in turn is fuelling the growth of the region.
Global Crude Sulfate Turpentine Market: Competitive Landscape
Some of the prominent players in the global crude sulfate turpentine market are Harting S.A., Arizona Chemical Company LLC, Dujodwala Paper Chemicals Ltd., Derives Resiniques et Terpeniqes, Pine Chemical Group, International Flavors & Fragrances Inc., and Privi Organics Limited. The key players in the market are acquiring small players to strengthen their reach across different regions. They are increasingly focusing on enhancing their product portfolio in order to stay relevant in the market.
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The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Forces defining present and estimated future state of the competitive landscape
Value chain and stakeholder analysis