Product
Turpentine Price Trends and Forecast
Turpentine Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Turpentine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Turpentine Price Trends for the First Half of 2023
Turpentine prices observed wavering price trends throughout the first half of the year 2023. Turpentine market trends were fundamentally driven by the downstream demands from the chemical and construction sectors. In the Asian market, the industrial recovery in China and infrastructure development in India fueled the demands for Turpentine, so the price trends inclined at the beginning, but sufficient supplies soon plateaued the price curve.
The domestic situation was better for the Asian Turpentine market; however, the export queries took a serious hit. Further, high inflation in Europe and America affected the construction sector negatively, and the Turpentine consumption got bearish. This caused an oversupply in the Asian market, although moderate demands kept the Turpentine market afloat. Overall, mixed market sentiments were experienced.
Analyst Insight
According to Procurement Resource, the demand outlook suggests a similar consumption pattern for the coming months as well. However, the situation is anticipated to improve for the American and European Turpentine markets moving forward.
Procurement Resource provides latest prices of Turpentine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Turpentine is one of the oldest and most common industrial solvents. It is distinct from other chemical solvents as it is derived from a renewable source. Turpentine is a chemical that is naturally derived from live pine trees, as it has been for decades. It is ready for use in industrial applications after a thorough distillation process.
Product Details
| Report Features | Details |
| Product Name | Turpentine |
| Industrial Uses | Solvent, Water Proofing, Sanitation, Cosmetics, Insect Repellants |
| Chemical Formula | C10H16 |
| Synonyms | Gum turpentine, Spirits of gum turpentine, Turpentine gum |
| Molecular Weight | 136.23 g/mol |
| Supplier Database | PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Punjab Rosin and Chemicals Works, Wuzhou Sun Shine Forestry & Chemicals Co.,, Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Turpentine from Natural Resin
Turpentine is extracted from the natural resin of pine trees during the distillation process.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.