Turpentine is a semifluid substance consisting of resins dissolved in a volatile oil harvested from pine trees. It is composed of terpenes and has a potent odor similar to a nail polish remover. The oil extracted from turpentine is a colorless, odorous, flammable, and water-immiscible liquid that hardens upon exposure to air. It is an ideal solvent for phosphorus, sulfur, resins, oils, waxes, and natural rubber. Turpentine also has various aromatic organic compounds, such as beta-pinene, terpenes, and alpha-pinene. It is traditionally used as a cleaning agent for lacquers, paints, rubber, varnishes, disinfectants, and insecticides. In addition, it is employed as a raw material to produce fragrant chemical compounds, such as linalool, camphor, geraniol, and alpha-terpineol. Turpentine exhibits various antibacterial, antiparasitic, and anti-inflammatory effects, which is why it is extensively used across the healthcare, chemicals, cosmetics, and paints and coatings industries.
The global turpentine market is primarily accelerated by the rising demand for solvents, chemical products with artificial flavorings, and fragrance agents. Furthermore, turpentine is witnessing a significant demand to treat staphylococcus epidermidis, myiasis, and Escherichia coli, which is creating a positive outlook for the market. In line with this, the surging use of turpentine in the mining industry to increase the productivity of mining processes is acting as another growth-inducing factor. Besides this, the growing application of lubricants as antioxidants and antiwear and anti-foaming agents, rust and corrosion inhibitors, and demulsifying and emulsifying agents is accelerating the market growth. Additionally, the key market players are heavily investing in advanced technologies and focusing on partnerships and collaborations to improve product quality and expand their reach, which, in turn, is positively contributing to the market growth. Other factors, such as the growing application of turpentine in the furniture sector, the increasing product demand across the plastic industry, the rising number of large-scale processing facilities, and surging pine tapping activities, are providing a considerable thrust to the market.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the turpentine manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the turpentine industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the turpentine industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Turpentine Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Turpentine Price Trends
4.7.2 Product Margins
5 Turpentine Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Turpentine Market: Major Drivers and Challenges
Figure 2: Global: Turpentine Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Turpentine Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Turpentine Market: Breakup by Segment (in %), 2022
Figure 5: Global: Turpentine Market: Breakup by Region (in %), 2022
Figure 6: Turpentine: Price Trends, 2017 & 2022
Figure 7: Turpentine: Margins Across Various Stages of the Supply Chain
Figure 8: Turpentine: Breakup of Costs
Figure 9: Turpentine Price Structure
Figure 10: Turpentine: Manufacturing Process Flow
Figure 11: Turpentine: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Turpentine: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Turpentine Manufacturing: Raw Material Requirements
Table 2: Turpentine Manufacturing: Raw Material Costs
Table 3: Turpentine Manufacturing: Electricity Costs
Table 4: Turpentine Manufacturing: Steam Costs
Table 5: Turpentine Manufacturing: Process Water Costs
Table 6: Turpentine Manufacturing: Total Utility Costs
Table 7: Turpentine Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Turpentine Manufacturing: Packaging Costs
Table 9: Turpentine Manufacturing: Transportation Costs
Table 10: Turpentine Manufacturing: Sales and Administration Costs
Table 11: Turpentine Manufacturing: Total Operating Costs
Table 12: Turpentine Manufacturing: Costs Related to Land and Site Development
Table 13: Turpentine Manufacturing: Costs Related to Civil Works
Table 14: Turpentine Manufacturing: Costs Related to Plant Machinery
Table 15: Turpentine Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Turpentine Manufacturing: Costs Related to Electrical works and Piping
Table 17: Turpentine Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Turpentine Manufacturing: Working Capital Requirements
Table 19: Turpentine Manufacturing: Total Capital Investment Required
Table 20: Turpentine Manufacturing: Total Production Cost
Table 21: Turpentine Manufacturing: Raw Material Suppliers
Table 22: Turpentine Manufacturing: Machinery Suppliers
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