Market Overview:
The global carbonization mineral turpentine market is expected to grow at a CAGR of 3.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for paints and coatings, automotive, chemicals, and construction applications. In terms of type, the low flash grade segment is expected to witness the highest growth during the forecast period. This can be attributed to its growing demand from paints and coatings applications across regions.
Product Definition:
Carbonization Mineral Turpentine is a mineral oil that has been processed to remove all of its volatile hydrocarbons. It is used as a lubricant, a solvent, and an insulator.
Low Flash Grade:
Low flash grade is the by-product obtained in the process of manufacturing turpentine oil. It contains low amount of volatile organic compounds (VOCs), thus it can be used as a raw material for carbonization mineral turpentine production. The product has high demand from various end-use industries such as pharmaceutical, food & beverage and personal care products owing to its non-toxic and less toxic properties.
Regular Grade:
Regular grade turpentine is the product obtained from the distillation of pine oil. It has a color similar to that of crude oil and has an odor similar to that of fresh cut lumber. Turpentine is extracted from pine trees by means of fractional distillation which involves continuous or repeated heating at a lower temperature than that required for complete combustion.
Application Insights:
Paints & coatings was the largest application segment and accounted for over 40% of the global volume in 2017. Increasing construction activities across developing countries including India, China, Vietnam, Thailand and Indonesia are expected to drive product demand in this application segment. Carbonization mineral turpentine is used as a raw material for manufacturing various paints & coatings products such as enamels, lacquers, varnishes and solvents.
Carbonization process imparts unique color properties to paint formulations which can be utilized during both semi-dry (with water) and wetting stages of painting operations. It also helps enhance glossiness of the paint film without adding any extra weight on it compared to traditional oils or alkyd paints respectively.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for over 45% of the global revenue share. The region is expected to witness a significant growth owing to rising product demand from key industries including paints & coatings, automotive, construction and chemicals. China is anticipated to remain a key consumer as well as producer in this region due to its large production base coupled with low manufacturing cost.
Europe was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% over the forecast period on account of increasing use from several major end-use industries such as paints & coatings, automotive, construction andchemicals.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive, and furniture owing to its properties such as heat resistance and flame retardancy.
- Rising awareness about the benefits of using carbonized mineral turpentine in various applications across different industries.
- Growing investments by key players in research and development to develop new products and applications for carbonized mineral turpentine.
- Expansion of distribution networks by key players to cater to the increasing demand for carbonized mineral turpentine globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbonization Mineral Turpentine Market Research Report
By Type
Low Flash Grade, Regular Grade, High Flash Grade
By Application
Paints & Coatings, Automotive, Chemicals, Construction
By Companies
Royal Dutch Shell, Total SA, Idemitsu Kosan, Exxon Mobil Corporation, Cepsa, GSB Chemical, HCS Group, DHC Solvent Chemie GmbH, Al Sanea, Recochem, Royal Dutch Shell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Carbonization Mineral Turpentine Market Report Segments:
The global Carbonization Mineral Turpentine market is segmented on the basis of:
Types
Low Flash Grade, Regular Grade, High Flash Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paints & Coatings, Automotive, Chemicals, Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Dutch Shell
- Total SA
- Idemitsu Kosan
- Exxon Mobil Corporation
- Cepsa
- GSB Chemical
- HCS Group
- DHC Solvent Chemie GmbH
- Al Sanea
- Recochem
- Royal Dutch Shell
Highlights of The Carbonization Mineral Turpentine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Flash Grade
- Regular Grade
- High Flash Grade
- By Application:
- Paints & Coatings
- Automotive
- Chemicals
- Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbonization Mineral Turpentine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbonization mineral turpentine is a type of turpentine that has been carbonized, or turned into charcoal. Charcoal is a very efficient solvent and can be used to extract oil from plants and other materials.
Some of the key players operating in the carbonization mineral turpentine market are Royal Dutch Shell, Total SA, Idemitsu Kosan, Exxon Mobil Corporation, Cepsa, GSB Chemical, HCS Group, DHC Solvent Chemie GmbH, Al Sanea, Recochem, Royal Dutch Shell.
The carbonization mineral turpentine market is expected to register a CAGR of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbonization Mineral Turpentine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbonization Mineral Turpentine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbonization Mineral Turpentine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbonization Mineral Turpentine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbonization Mineral Turpentine Market Size & Forecast, 2018-2028
4.5.1 Carbonization Mineral Turpentine Market Size and Y-o-Y Growth
4.5.2 Carbonization Mineral Turpentine Market Absolute $ Opportunity
Chapter 5 Global Carbonization Mineral Turpentine Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Carbonization Mineral Turpentine Market Size Forecast by Type
5.2.1 Low Flash Grade
5.2.2 Regular Grade
5.2.3 High Flash Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carbonization Mineral Turpentine Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Carbonization Mineral Turpentine Market Size Forecast by Applications
6.2.1 Paints & Coatings
6.2.2 Automotive
6.2.3 Chemicals
6.2.4 Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbonization Mineral Turpentine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbonization Mineral Turpentine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Carbonization Mineral Turpentine Analysis and Forecast
9.1 Introduction
9.2 North America Carbonization Mineral Turpentine Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Carbonization Mineral Turpentine Market Size Forecast by Type
9.6.1 Low Flash Grade
9.6.2 Regular Grade
9.6.3 High Flash Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Carbonization Mineral Turpentine Market Size Forecast by Applications
9.10.1 Paints & Coatings
9.10.2 Automotive
9.10.3 Chemicals
9.10.4 Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Carbonization Mineral Turpentine Analysis and Forecast
10.1 Introduction
10.2 Europe Carbonization Mineral Turpentine Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Carbonization Mineral Turpentine Market Size Forecast by Type
10.6.1 Low Flash Grade
10.6.2 Regular Grade
10.6.3 High Flash Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Carbonization Mineral Turpentine Market Size Forecast by Applications
10.10.1 Paints & Coatings
10.10.2 Automotive
10.10.3 Chemicals
10.10.4 Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Carbonization Mineral Turpentine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carbonization Mineral Turpentine Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Carbonization Mineral Turpentine Market Size Forecast by Type
11.6.1 Low Flash Grade
11.6.2 Regular Grade
11.6.3 High Flash Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Carbonization Mineral Turpentine Market Size Forecast by Applications
11.10.1 Paints & Coatings
11.10.2 Automotive
11.10.3 Chemicals
11.10.4 Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Carbonization Mineral Turpentine Analysis and Forecast
12.1 Introduction
12.2 Latin America Carbonization Mineral Turpentine Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Carbonization Mineral Turpentine Market Size Forecast by Type
12.6.1 Low Flash Grade
12.6.2 Regular Grade
12.6.3 High Flash Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Carbonization Mineral Turpentine Market Size Forecast by Applications
12.10.1 Paints & Coatings
12.10.2 Automotive
12.10.3 Chemicals
12.10.4 Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Carbonization Mineral Turpentine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carbonization Mineral Turpentine Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Carbonization Mineral Turpentine Market Size Forecast by Type
13.6.1 Low Flash Grade
13.6.2 Regular Grade
13.6.3 High Flash Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Carbonization Mineral Turpentine Market Size Forecast by Applications
13.10.1 Paints & Coatings
13.10.2 Automotive
13.10.3 Chemicals
13.10.4 Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbonization Mineral Turpentine Market: Competitive Dashboard
14.2 Global Carbonization Mineral Turpentine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Royal Dutch Shell
14.3.2 Total SA
14.3.3 Idemitsu Kosan
14.3.4 Exxon Mobil Corporation
14.3.5 Cepsa
14.3.6 GSB Chemical
14.3.7 HCS Group
14.3.8 DHC Solvent Chemie GmbH
14.3.9 Al Sanea
14.3.10 Recochem
14.3.11 Royal Dutch Shell
