Global Gum Turpentine Market to Reach $1.8 Billion by 2030
The global market for Gum Turpentine estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030. Paints & Coatings, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$658.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Adhesives & Sealants segment is readjusted to a revised 7% CAGR for the next 8-year period.The U.S. Market is Estimated at $282.3 Million, While China is Forecast to Grow at 11.7% CAGR
The Gum Turpentine market in the U.S. is estimated at US$282.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$420.6 Million by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.Select Competitors (Total 43 Featured) -
- Arakawa Chemical Industries
- Archer Daniels Midland Company
- Arizona Chemical Company
- Ashland
- DRT
- Eastman Chemical Company
- EURO-YSER
- G.C. RUTTEMAN and Co. B.V.
- Georgia-Pacific Chemicals
- Grupo AlEn
- Harima Chemicals
- Lawter
- Meadwestvaco Corporation
- Renessenz LLC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arakawa Chemical Industries
- Archer Daniels Midland Company
- Arizona Chemical Company
- Ashland
- DRT
- Eastman Chemical Company
- EURO-YSER
- G.C. RUTTEMAN and Co. B.V.
- Georgia-Pacific Chemicals
- Grupo AlEn
- Harima Chemicals
- Lawter
- Meadwestvaco Corporation
- Renessenz LLC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 94 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1 Billion |
Forecasted Market Value ( USD | $ 1.8 Billion |
Compound Annual Growth Rate | 7.6% |
Regions Covered | Global |