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Gum Turpentine Market

The market for Gum Turpentine was estimated at $1.5 billion in 2024; it is anticipated to increase to $2.4 billion by 2030, with projections indicating growth to around $3.6 billion by 2035.

Report ID:DS1313070
Author:Vineet Pandey - Business Consultant
Published Date:
Datatree
Chemicals & Materials
Bio-Based C&M
Gum Turpentine
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Report Summary
Market Data
Methodology
Table of Contents

Global Gum Turpentine Market Outlook

Revenue, 2024

$1.5B

Forecast, 2034

$3.3B

CAGR, 2025 - 2034

8.4%

The Gum Turpentine (Gum Turps) industry revenue is expected to be around $1.6 billion in 2025 and expected to showcase growth with 8.4% CAGR between 2025 and 2034. The Gum Turpentine market shows strong growth because of multiple contributing factors. The pharmaceutical and paint and varnish industries drive market expansion through their rising need for Gum Turpentine as a fundamental component. The market continues to grow because Gum Turpentine maintains its value in established sectors while gaining acceptance for emerging uses. The market expansion of Gum Turpentine benefits from industry wide adoption of natural and renewable resources which establishes its position as a major economic commodity.

The liquid substance known as Gum Turpentine derives from tree resin distillation of living pine trees which provides essential characteristics for various uses. The substance serves three main functions because it acts as a paint solvent and serves as a chemical precursor for fragrant compounds and provides medicinal value. The market for Gum Turps has experienced rising demand because of two main factors: paint manufacturers adopt environmentally friendly products and pharmaceutical companies select natural ingredients for their formulations.

Gum Turpentine market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Gum Turpentine Market Outlook

Market Key Insights

  • The Gum Turpentine market is projected to grow from $1.5 billion in 2024 to $3.3 billion in 2034. This represents a CAGR of 8.4%, reflecting rising demand across Paint Industry, Pharmaceutical Industry, and Fragrance Industry.

  • DRT (Derives Resiniques et Terpeniques), International Flavors & Fragrances Inc., and Lawter Inc. are among the leading players in this market, shaping its competitive landscape.

  • China and U.S. are the top markets within the Gum Turpentine market and are expected to observe the growth CAGR of 6.1% to 8.8% between 2024 and 2030.

  • Emerging markets including Vietnam, Nigeria and Chile are expected to observe highest growth with CAGR ranging between 8.1% to 10.5%.

  • Transition like Shift to Eco Friendly Solvents is expected to add $247 million to the Gum Turpentine market growth by 2030.

  • The Gum Turpentine market is set to add $1.8 billion between 2024 and 2034, with manufacturer targeting Pharmaceuticals & Fragrance Application projected to gain a larger market share.

  • With Increasing demand for eco friendly products and advancements in pine chemicals industry, and rise in Pharmaceutical Applications of Gum Turps, Gum Turpentine market to expand 124% between 2024 and 2034.

gum turpentine market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Gum Turpentine - Country Share Analysis

Opportunities in the Gum Turpentine

The fragrance industry worldwide now depends on Gum Turps because it searches for distinctive natural fragrances. The pine fragrance of Gum Turps has also become popular in high end perfumes and aromatic products because European and North American consumers choose natural ingredients for their personal care items.

Growth Opportunities in North America and Asia-Pacific

The North American Gum Turpentine market continues to expand because of the expanding paint and coatings sector in this region. The market requires substantial Gum Turpentine quantities because it serves as a solvent for varnish and enamel manufacturing. The pharmaceutical industry depends on camphor production through Gum Turpentine extraction which drives market expansion in this region. The North American market shows intense competition because leading companies invest in product development and strategic alliances to strengthen their market dominance. The North American market continues to grow because of accessible raw materials and better extraction technology.
The Asia Pacific region leads the Gum Turpentine market growth because emerging economies China and India experience fast industrial development. The Gum Turpentine market expansion in this region stems from rising industrial needs for fragrance and cosmetic production and personal care product manufacturing. The pharmaceuticalindustry'sexpanding use of Gum Turpentine for medicinal product manufacturing drives market expansion. Multiple domestic and foreign businesses compete in this market segment because of its high level of competition. The main business prospects exist in two region's: increasing manufacturing output and discovering fresh Gum Turpentine applications across different market sectors.

Market Dynamics and Supply Chain

01

Driver: Increasing Demand for Eco Friendly Products and Advancements in Pine Chemicals Industry

The Gum Turpentine market also experiences a substantial increase in demand because consumers now prefer environmentally friendly products. The market demand for Gum Turpentine rises because this natural renewable substance matches the expanding interest in sustainable products. The pine chemicals industry has also progressed through innovation because Gum Turpentine also serves as its essential raw material which has also resulted in new product applications. The market expansion of Gum Turpentine results from its broadened application range which emerged through technological progress in the pine chemicals industry.
The pharmaceutical industry's expanding use of Gum Turps also represents a major factor driving market expansion. The pharmaceutical industry now uses Gum Turps as an active ingredient in their formulations because of its antiseptic and anti inflammatory properties. The pharmaceutical industry has also experienced increased demand for Gum Turps because of its effectiveness in treating muscle and nerve pain as well as lung diseases which also drives market expansion.
02

Restraint: Fluctuating Raw Material Prices

The Gum Turpentine market experiences price changes because of the unstable costs of its raw materials. The natural resin based Gum Turpentine faces price fluctuations because environmental changes from climate shifts and deforestation practices create unstable supply and market price fluctuations. The unstable market conditions create difficulties for producers which could slow down industry expansion.
03

Opportunity: The increasing demand for eco friendly solvents in the paint industry and The rising popularity of Gum Turpentine in the pharmaceutical industry

The paint industry transition to environmentally friendly products has created a rising market for Gum Turpentine which comes from pine trees as a natural solvent. The market shows strong growth because developed nations enforce strict environmental rules. The market for Gum Turpentine in this sector will experience substantial growth because it provides excellent solvency while maintaining low toxicity levels.
The pharmaceutical industry now explores natural and organic ingredients which creates fresh market opportunities for Gum Turpentine. The pharmaceutical industry values Gum Turpentine because it contains anti inflammatory and antiseptic properties which enhance multiple drug products. The natural medicine market in Asia Pacific shows the strongest interest in this trend.
04

Challenge: Stringent Environmental Regulations

The manufacturing and utilization of Gum Turps requires methods which create environmental damage. The industry operates under strict environmental rules throughout numerous geographic areas because of its harmful production methods. The strict environmental rules create higher production expenses for manufacturers while restricting their ability to use Gum Turps thus blocking market growth.

Supply Chain Landscape

1

Raw Material Suppliers

Pine Chemicals IncDRT
2

Producers

Arizona Chemical Company LLCHarting S.A
3

Distributors Wholesalers

Univar SolutionsBrenntag North America
4

End-User Industry

Paints and CoatingsPharmaceuticalFragrance
Gum Turpentine - Supply Chain

Use Cases of Gum Turpentine in Paint & Pharmaceutical

Paint Industry : The paint industry depends on Gum Turpentine especially the steam distilled version as a solvent for its operations. The substance helps to reduce the viscosity of oil based paints which results in better application outcomes. The paint drying process becomes faster when using Gum Turps which leads to better paint quality and finish. The market dominance of Sherwin Williams and PPG Industries depends on their use of Gum Turps to create superior products.
Pharmaceutical Industry : The pharmaceutical industry produces different medications through the use of Gum Turps which includes sulfate wood Gum Turps. The antiseptic and anti inflammatory properties of Gum Turps enable its use in medical treatments for bronchitis and laryngitis. The therapeutic properties of Gum Turps enable Pfizer and Johnson & Johnson to use it in their medications which helps them expand their market share.
Fragrance Industry : The fragrance industry relies heavily on Gum Turps through its alpha pinene and beta pinene compounds. The fragrance industry uses Gum Turps for two main purposes: it serves as a base ingredient to produce synthetic camphor and it functions as a fragrance booster in perfumes. The distinctive woody scent of Gum Turps makes it valuable for boosting fragrance quality in different scents. The fragrance industry depends on Gum Turps to produce distinctive scents because Chanel and Dior use it to maintain their market leadership.

Recent Developments

The market for Turpentine Gum Spirits, extracted from pine resin, has experienced substantial growth in recent times. The product is witnessing rising demand because it serves multiple sectors, including pharmaceuticals and paint and varnish manufacturing. The pharmaceutical industry now uses Turpentine Gum Spirits is now used as a primary material to produce camphor, which serves multiple medical functions.

December 2024 : The pharmaceutical industry faces growing demand which led DowDuPont to announce its plan for expanding Gum Turpentine production facilities at its chemical plant.
October 2024 : BASF SE launched their new Gum Turpentine based product line which combines environmental sustainability with performance excellence.
July 2024 : The biochemical company Sigma Aldrich Corporation launched a new high purity Gum Turpentine product for sophisticated organic chemistry research needs.

Impact of Industry Transitions on the Gum Turpentine Market

As a core segment of the Bio-Based C&M industry, the Gum Turpentine market develops in line with broader industry shifts. Over recent years, transitions such as Shift to Eco Friendly Solvents and Increased Use in Aromatherapy have redefined priorities across the Bio-Based C&M sector, influencing how the Gum Turpentine market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Shift to Eco Friendly Solvents

The Gum Turps industry has made a major shift toward adopting environmentally friendly solvents for its operations. The industry transition toward eco friendly solvents emerges from rising environmental worries and strict governmental regulations. The natural and renewable characteristics of Gum Turps make it an ideal substitute for synthetic solvents. The paint and coatings industry together with pharmaceuticals and food flavoring production utilize Gum Turps as their main solvent. The adoption of eco friendly solvents has created dual benefits by decreasing environmental effects and enhancing the quality of finished products. The paint industry achieved superior paint performance through the adoption of Gum Turps which resulted in enhanced gloss and better adhesion and drying properties.
02

Increased Use in Aromatherapy

The Gum Turps industry underwent a significant transformation when it started being used for aromatherapy applications. The rising interest in alternative medicine and holistic healing methods has created a substantial market increase for natural products including Gum Turps. The therapeutic properties of Gum Turps make it suitable for aromatherapy applications because it helps with pain relief and inflammation reduction and respiratory health improvement.