Global Mineral Turpentine Market Size study & Forecast, by Type (Hydrodesulfurized, Solvent Extracted, Hydrogenated), by Application (Paint Thinner, Extraction Solvent, Cleaning Solvent, Degreasing Solvent, Others) and Regional Analysis, 2023-2030

PUBLISHED: June 10, 2023

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Global Mineral Turpentine Market is valued at approximately USD 7 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. Mineral Turpentine is a type of machinery or a tool that has been used in the industry of manufacturing semiconductors to cut and process silicon wafers into single chips. The factor that drives the growth of the market is the rise in the usage of mineral turpentine in the sectors of end-use like inks & dyes, adhesives, paints & coatings. These sectors lead to an increase in demand in the market. The other factor that drives the growth of the market is the paint industry as it is the biggest consumer of the mineral turpentine market because of the high use of it as a paint thinner and it also helps in cleaning paint brushes. As per Statista, the paint and coatings industry globally are estimated around 160 billion dollars in 2021 which will increase YoY basis and it will increase the demand for the mineral turpentine market. However, the health risks that are associated with prolonged exposure hinder the growth of the market.

The opportunity factor for the market is rising government regulations as there is an increasing demand for environment-friendly solvents if the comparison of mineral turpentine is done with other solvents, then it is less toxic to the environment so the demand for mineral turpentine will increase owing to concerns related to the environment. As per Statista, the green technology and sustainability market size is expected to reach around 417.35 billion USD by 2030 which will create opportunities for the mineral turpentine market because it is less toxic for the environment. The other factor for the opportunity of the market is the rising demand for degreasing and cleaning as mineral turpentine is commonly used for degreasing and cleaning in several industries and these industries are growing at a faster pace and will continue to grow in future which will create opportunities for mineral turpentine market.

The key regions considered for the Global Mineral Turpentine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the reasons such as well-established petrochemical industry in the region and the dominance of the market due to the export-oriented production of mineral turpentine. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as there is rapid industrialization in the region which increases the demand for the paint industry and petrochemical industry and thus the mineral turpentine market.

Major market player included in this report are:

GSB Chemical Co. Pty. Ltd
Neste Oyj
Royal Dutch Shell Group
Total Energies Se
Idemitsu Kosan Co. Ltd.
Exxon Mobil Corporation
DHC Solvent Chemie GmbH
Al Sanea Chemical Products
Merck KGaA
Recochem Inc.

Recent Developments in the Market:

In December 2021, a subsidiary of Royal Dutch Shell which is Shell New Energies US LLC has done an acquisition of a large-scale energy and solar storage developer in the US, Savion LLC. Savion is involved in developing of energy storage and solar power projects for several customers.
In Feb 2021, Royal Dutch Shell plc agreed to sell its Duvernay shale light oil position in Alberta, Canada, to a publicly traded Canadian energy business Crescent Point Energy Corp for an overall price of USD 707 million via its affiliate Shell Canada Energy.

Global Mineral Turpentine Battery Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Type:

Hydrodesulfurized
Solvent Extracted
Hydrogenated

By Application:

Paint Thinner
Extraction Solvent
Cleaning Solvent
Degreasing Solvent
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Mineral Turpentine Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Mineral Turpentine Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Mineral Turpentine Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Mineral Turpentine Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Mineral Turpentine Market Dynamics

3.1. Mineral Turpentine Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rise in the usage of mineral turpentine in the end-use sectors
  - 3.1.1.2. Paint Industry as it is the biggest consumer of mineral turpentine market.
- 3.1.2. Market Challenges
  - 3.1.2.1. Health risks associated with the prolonged exposure
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising Government regulations
  - 3.1.3.2. Rising demand of degreasing and cleaning

Chapter 4. Global Mineral Turpentine Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Mineral Turpentine Market, by Type

5.1. Market Snapshot
5.2. Global Mineral Turpentine Market by Type, Performance - Potential Analysis
5.3. Global Mineral Turpentine Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Mineral Turpentine Market, Sub Segment Analysis
- 5.4.1. Hydrodesulferized
- 5.4.2. Solvent Extracted
- 5.4.3. Hydrogenated

Chapter 6. Global Mineral Turpentine Market, by Application

6.1. Market Snapshot
6.2. Global Mineral Turpentine Market by Application, Performance - Potential Analysis
6.3. Global Mineral Turpentine Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Mineral Turpentine Market, Sub Segment Analysis
- 6.4.1. Paint Thinner
- 6.4.2. Extraction Solvent
- 6.4.3. Cleaning Solvent
- 6.4.4. Degreasing Solvent
- 6.4.5. Others

Chapter 7. Global Mineral Turpentine Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Mineral Turpentine Market, Regional Market Snapshot
7.4. North America Mineral Turpentine Market
- 7.4.1. U.S. Mineral Turpentine Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Mineral Turpentine Market
7.5. Europe Mineral Turpentine Market Snapshot
- 7.5.1. U.K. Mineral Turpentine Market
- 7.5.2. Germany Mineral Turpentine Market
- 7.5.3. France Mineral Turpentine Market
- 7.5.4. Spain Mineral Turpentine Market
- 7.5.5. Italy Mineral Turpentine Market
- 7.5.6. Rest of Europe Mineral Turpentine Market
7.6. Asia-Pacific Mineral Turpentine Market Snapshot
- 7.6.1. China Mineral Turpentine Market
- 7.6.2. India Mineral Turpentine Market
- 7.6.3. Japan Mineral Turpentine Market
- 7.6.4. Australia Mineral Turpentine Market
- 7.6.5. South Korea Mineral Turpentine Market
- 7.6.6. Rest of Asia Pacific Mineral Turpentine Market
7.7. Latin America Mineral Turpentine Market Snapshot
- 7.7.1. Brazil Mineral Turpentine Market
- 7.7.2. Mexico Mineral Turpentine Market
7.8. Middle East & Africa Mineral Turpentine Market
- 7.8.1. Saudi Arabia Mineral Turpentine Market
- 7.8.2. South Africa Mineral Turpentine Market
- 7.8.3. Rest of Middle East & Africa Mineral Turpentine Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. GSB Chemical Co. Pty. Ltd.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Neste Oyj
- 8.3.3. Royal Dutch Shell Group
- 8.3.4. Total Energies SE
- 8.3.5. Idemitsu Kosan Co. Ltd.
- 8.3.6. Exxon Mobil Corporation
- 8.3.7. DHC Solvent Chemie GmbH
- 8.3.8. Al Snaea Chemical Products
- 8.3.9. Merck KGaA
- 8.3.10. Recochem Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Mineral Turpentine Market, report scope
TABLE 2. Global Mineral Turpentine Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Mineral Turpentine Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Mineral Turpentine Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Mineral Turpentine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Mineral Turpentine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Mineral Turpentine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Mineral Turpentine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Mineral Turpentine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Mineral Turpentine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Mineral Turpentine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Mineral Turpentine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Mineral Turpentine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Mineral Turpentine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Mineral Turpentine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Mineral Turpentine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Mineral Turpentine Market
TABLE 70. List of primary sources, used in the study of global Mineral Turpentine Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Mineral Turpentine Market, research methodology
FIG 2. Global Mineral Turpentine Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Mineral Turpentine Market, key trends 2022
FIG 5. Global Mineral Turpentine Market, growth prospects 2023-2030
FIG 6. Global Mineral Turpentine Market, porters 5 force model
FIG 7. Global Mineral Turpentine Market, pest analysis
FIG 8. Global Mineral Turpentine Market, value chain analysis
FIG 9. Global Mineral Turpentine Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Mineral Turpentine Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Mineral Turpentine Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Mineral Turpentine Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Mineral Turpentine Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Mineral Turpentine Market, regional snapshot 2020 & 2030
FIG 15. North America Mineral Turpentine Market 2020 & 2030 (USD Billion)
FIG 16. Europe Mineral Turpentine Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Mineral Turpentine Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Mineral Turpentine Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Mineral Turpentine Market 2020 & 2030 (USD Billion)