According to a market report by Lucintel, the future of the global mineral turpentine market looks promising with opportunities in the paint thinner, extraction solvent, cleaning solvent, and degreasing solvent markets. The global mineral turpentine market is expected to reach an estimated $9.9 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are growing demand for this chemical in industrial applications, rise in constructional projects, and expanding demand for this substrate from automotive refinishing sector.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in mineral turpentine market to 2030 by grade (low flash point, regular flash point, and high flash point), type (type 1, type 2, type 3, and type 0), application (paint thinner, extraction solvent, cleaning solvent, degreasing solvent, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, low flash point, regular flash point and high flash point are the major segments of mineral turpentine market by grade. Lucintel forecasts that high flash point grade will remain the largest segment over the forecast period.
Within this market, paint thinner will remain the largest segment over the forecast period.
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APAC is expected to witness highest growth over the forecast period.
DHC Solvent Chemie, Hindustan Petroleum, Powerzone Oil, Indian Oil, Sydney Solvents, Bharat Petroleum, ALSHALL, Global Petro, Al Sanea, and GSB Chemical are the major suppliers in the mineral turpentine market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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