Terpene Resin Industry Sales, Share, growth, Forecast 2022
Terpene Resin - Market Competition by Manufacturers, Manufacturers Profiles/Analysis, Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Market Effect Factors Analysis
Terpene Resin - Market Competition by Manufacturers, Manufacturers Profiles/Analysis, Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Market Effect Factors Analysis
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<strong>Terpene</strong> <strong>Resin</strong> <strong>Industry</strong> <strong>Sales</strong>, <strong>Share</strong>, <strong>growth</strong>, <strong>Forecast</strong><br />
<strong>2022</strong><br />
<strong>Terpene</strong> <strong>Resin</strong> <strong>Industry</strong> Contains Market Competition by<br />
Manufacturers, Manufacturers Profiles/Analysis, and Manufacturing<br />
Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream<br />
Buyers, Market Effect Factors Analysis.<br />
Global <strong>Terpene</strong> <strong>Resin</strong> demand is expected to witness a steady <strong>growth</strong> on account of its increasing<br />
applications as a high-value chemical. Various applications have been identified which include<br />
cosmetics, food, pharmaceutical and biotechnology chemicals. <strong>Terpene</strong> is a diverse class of organic<br />
compound produced by coniferous trees. They are modified chemically to obtain terpenoids. They<br />
are derived with the help of biosynthesis of isoprene having a molecular linkage formula (C5H8)n. The<br />
isoprene units can be linked together through a linear chain or in the form of rings.<br />
Usage of terpene as a chemical feedstock is a major application driving the overall demand. This<br />
organic compound is used in the manufacturing of turpentine, which in turn is used as an industrial<br />
solvent and material source for organic synthesis. Turpentine is widely used as a solvent with bee wax<br />
and as a protective coating over the wood finish. Increasing application in the manufacturing of<br />
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natural agricultural pesticide is another major factor driving the global terpene market. Many leading<br />
companies are investing in the manufacturing and development of crop protection chemicals to<br />
exploit the <strong>growth</strong> seen in the market. The growing demand for these products is forcing global<br />
players to widen their portfolio by introducing new crop protection offerings.<br />
Further, its application as a food additive has been driving the market demand in recent years. They<br />
are used in liquid sweeteners, ice creams, and coffee based drinks. <strong>Terpene</strong> resin is used to provide<br />
aromas to food and beverages. Cosmetic products use terpene resins to achieve desired fragrances.<br />
Government regulations and safety related to this organic compound offers a major challenge for the<br />
overall industry <strong>growth</strong>. Availability of substitutes is expected to hamper the <strong>growth</strong> of overall<br />
industry in near future. Advancement of technology has resulted in the development of new additives<br />
and aromatic agents which are expected to challenge this industry. There are significant threats for<br />
the vendors due to backward integration by the end use industries.<br />
These compounds have pharmaceutical applications which provide great opportunities for the market<br />
<strong>growth</strong> over the forecast period. Some promising applications in the pharmaceutical sector include<br />
acne treatment therapies, sleeping disorder drugs, and antiseptic agents. Segmentation is done based<br />
on the basis of its application which includes, chemical feedstock, agricultural pesticides, food<br />
additives and aromatic agents.<br />
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North America has been the leading market in recent years in terms of demand and is expected to<br />
continue its increasing application in pharmaceuticals and food processing industry. Further, regional<br />
demand is followed by Asia Pacific mainly on account of increasing application of terpene in natural<br />
pesticide manufacturing. Development of chemical manufacturing sector has helped in increasing the<br />
demand in emerging economies including India and China. These emerging economies are expected<br />
to witness a significant <strong>growth</strong> in terms of production of terpene resins on account of high investment<br />
in organic chemical manufacturing. Europe is expected to show a steady <strong>growth</strong> over the forecast<br />
period with high demand as an additive in cosmetics. South America and Africa is expected to witness<br />
a stagnant <strong>growth</strong> owing to the slow <strong>growth</strong> of overall development of application industries.<br />
Major players operating in the market are ABI chemicals, Biosynth, Syntree, TCI, Finetech, Wilshire<br />
technologies and BOC sciences. Companies are focussing on research and development in order to
find out new applications for terpene resins. This is expected to diversify the application portfolio and<br />
therefore propelling the demand in near future.<br />
Market Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption,<br />
revenue (million USD), market share and <strong>growth</strong> rate of <strong>Terpene</strong> <strong>Resin</strong> in these regions, from 2012<br />
to <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals<br />
Global <strong>Terpene</strong> <strong>Resin</strong> market competition by top manufacturers, with production, price, revenue<br />
(value) and market share for each manufacturer; the top players including<br />
• Yasuhara Chemical<br />
• Baolin Chemical <strong>Industry</strong><br />
• HWALONG<br />
• BOC Sciences<br />
• Skyrun Industrial Co., Ltd.<br />
• Qinmu Fine Chemical Co.,Ltd.<br />
• Zhejiang J&C Biological Technology Co.,Limited<br />
• Haihang <strong>Industry</strong> Co., Ltd.<br />
On the basis of product, this report displays the production, revenue, price, market share and<br />
<strong>growth</strong> rate of each type, primarily split into<br />
• Liquid Type<br />
• Solid Type<br />
On the basis on the end users/applications, this report focuses on the status and outlook for<br />
major applications/end users, consumption (sales), market share and <strong>growth</strong> rate of <strong>Terpene</strong>
<strong>Resin</strong> for each application, including<br />
• Rubber, Adhesive<br />
• Hot Melting Coating<br />
• Superior Printing Ink<br />
• Chewing Gum<br />
• Other<br />
Browse Full Research Report of <strong>Terpene</strong> <strong>Resin</strong> <strong>Industry</strong> @<br />
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