India Turpentine Oil Market (2025-2031) Outlook | Trends, Industry, Analysis, Share, Growth, Value, Forecast, Companies, Size & Revenue

Name: India Turpentine Oil Market (2021 - 2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Turpentine Oil Market, India Turpentine Oil Market, India Turpentine Oil Market Revenues, India Turpentine Oil Market Share, India Turpentine Oil Market Size, India Turpentine Oil Market Outlook, India Turpentine Oil Market Report, India Turpentine Oil Market Competition, India Turpentine Oil Market Overview, India Turpentine Oil Market Trends, India Turpentine Oil Market Forecast

Market Forecast By Type (Fat turpentine, Sulphates turpentine, Others), By Application (Pharmaceutical industry, Paint and coating industry, Cosmetic and personal care, Others) And Competitive Landscape

Product Code: ETC094123	Publication Date: Jul 2023	Updated Date: Nov 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India Turpentine Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s turpentine oil import market in 2024 continued to see significant concentration, with top exporting countries including Indonesia, Brazil, Vietnam, Argentina, and Uganda. The market maintained a high Herfindahl-Hirschman Index (HHI) indicating a concentrated market structure. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stood at a healthy 8.8%, showcasing sustained interest and demand for turpentine oil in India.

India Turpentine Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Turpentine Oil Market Synopsis

The India Turpentine Oil Market in India is expected to grow at a steady rate over the forecast period. This can be attributed to the rising demand for turpentine oil from various industries such as paints & coatings, pharmaceuticals, and fragrances among others. Additionally, the increasing use of turpentine oil in modern medicines due to its antiseptic properties is also driving the growth of the India turpentine oil market. Furthermore, growing awareness about health benefits associated with consumption of turpentine oil is boosting its demand across India. Moreover, increasing investments into R&D activities are further expected to fuel the growth of India turpentine oil market in near future.

Market Drivers

Growing Demand from Paint and Coating Industry: The increasing demand for paint and coating products in the automotive, construction and other industries is expected to be one of the major drivers for the turpentine oil market during the forecast period. In addition, growing preference for eco-friendly paints & coatings is likely to fuel growth opportunities in this sector.Increasing Applications in Pharmaceuticals: Turpentine oil has been used as a component raw material in pharmaceutical formulations such as ointments, creams and liniments due to its antiseptic properties which can help treat skin infections caused by bacteria or fungus. Thus, rising usage of turpentine oil in pharmaceuticals is expected to boost sales over the forecast period.

Challenges of the Market

Availability Issues Related To Raw Materials : Turpentine oil manufacturing process requires pine resin as a primary raw material which depends on availability of pine trees near production sites or regions where it???s available at cost effective prices. This poses challenges towards maintaining steady supply chain of turpentine oils on account lack of proper planning by manufacturers regarding supply sources. Besides , fluctuations in price related with crude derivative sourced from nature also gives rise to challenge related with pricing levels associated with product.

Key Players in the Market

Key players holding significant share within India markets include names like Manali Petrochemicals Limited , Godrej Industries Ltd., TreeVista Chemicals Pvt Ltd., Nippon Paint Holdings Co., Ltd., Prima Chemicals etc

Key Highlights of the Report:

India Turpentine Oil Market Outlook
Market Size of India Turpentine Oil Market, 2024
Forecast of India Turpentine Oil Market, 2031
Historical Data and Forecast of India Turpentine Oil Revenues & Volume for the Period 2021-2031
India Turpentine Oil Market Trend Evolution
India Turpentine Oil Market Drivers and Challenges
India Turpentine Oil Price Trends
India Turpentine Oil Porter's Five Forces
India Turpentine Oil Industry Life Cycle
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Fat turpentine for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Sulphates turpentine for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Pharmaceutical industry for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Paint and coating industry for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Cosmetic and personal care for the Period 2021-2031
Historical Data and Forecast of India Turpentine Oil Market Revenues & Volume By Others for the Period 2021-2031
India Turpentine Oil Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
India Turpentine Oil Top Companies Market Share
India Turpentine Oil Competitive Benchmarking By Technical and Operational Parameters
India Turpentine Oil Company Profiles
India Turpentine Oil Key Strategic Recommendations