The Global Turpentine Oil Market was valued at USD 1.05 Billion in 2022 and is projected to reach USD 1.51 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2022–2028). This robust growth is primarily driven by the rising demand for bio-based solvents, the expansion of the fragrance and flavor industry, and increasing applications in paints, printing inks, and adhesives.

Produced as a co-product of the rosin refining process, turpentine oil is a complex mixture of terpenes, primarily α-pinene and β-pinene, valued for its solvent properties and role as a key feedstock for aroma chemicals. As industries shift towards sustainable and natural raw materials, the strategic importance of turpentine oil producers has intensified. In this blog, we profile the Top 10 Companies in the Turpentine Oil Market—a diverse group of chemical specialists, pulp and paper giants, and flavor & fragrance leaders shaping the global supply chain.

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🔟 1. International Flavors & Fragrances Inc. (IFF)

Headquarters: New York, New York, USA
Key Offering: High-purity Turpentine Oil derivatives, Aroma Chemicals

IFF is a global leader in the creation of flavors, fragrances, and scent solutions. The company utilizes turpentine-derived ingredients, such as pinene, to synthesize a wide range of high-value aroma chemicals for perfumes, personal care products, and fine fragrances.

Sustainability & Innovation Initiatives:

• Investing in green chemistry for sustainable aroma chemical production
• Developing bio-based alternatives to synthetic ingredients
• Commitment to responsibly sourced raw materials

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9️⃣ 2. Symrise AG

Headquarters: Holzminden, Germany
Key Offering: Turpentine fractions, Terpene-based Fragrance ingredients

Symrise is a major player in the flavor and fragrance market, with a strong focus on natural ingredients. The company processes turpentine oil to produce key intermediates for its fragrance compounds, catering to the cosmetic, hygiene, and household product industries.

Sustainability & Innovation Initiatives:

• Strong R&D in natural product extraction and processing
• Partnerships with sustainable forestry operations
• Integration of turpentine streams into circular economy models

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8️⃣ 3. DRT (Dérivés Résiniques et Terpéniques)

Headquarters: Dax, France
Key Offering: Specialty Rosins, Turpentine Oil, Terpene Resins

DRT is a world-renowned specialist in the valorization of pine tree derivatives. As a key processor of crude sulfate turpentine (CST) and gum turpentine, DRT produces a wide portfolio of terpene-based products for adhesives, coatings, and fragrances.

Sustainability & Innovation Initiatives:

• Pioneer in the green chemistry of pine-based products
• Focus on developing high-value, bio-sourced molecules
• Global production footprint with a commitment to environmental standards

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7️⃣ 4. Grupo RB (Renner Herrmann)

Headquarters: Porto Alegre, Brazil
Key Offering: Gum Turpentine, Wood Turpentine, Rosin

Grupo RB is a leading Brazilian company in the pine chemicals sector. Leveraging vast pine forest plantations, the company is a significant producer of turpentine oil, supplying both domestic and international markets with high-quality products for industrial and fragrance applications.

Sustainability & Innovation Initiatives:

• Vertically integrated operations from forestry to finished products
• Emphasis on renewable and sustainable resource management
• Expansion of product portfolio to include higher-value derivatives

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6️⃣ 5. Kraton Corporation

Headquarters: Houston, Texas, USA
Key Offering: Tall Oil Rosin, Terpene Resins, Performance Chemicals

Kraton Corporation is a leading global producer of specialty polymers and high-value bio-based chemicals derived from crude tall oil. While its primary focus is on tall oil rosin, its operations are deeply integrated with the broader pine chemicals market, including turpentine streams.

Sustainability & Innovation Initiatives:

• Development of sustainable polymer solutions using bio-based feedstocks
• Investment in technologies to enhance the yield and purity of pine chemical derivatives
• Strategic focus on circular and renewable materials

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5️⃣ 6. Pine Chemical Group

Headquarters: Rotterdam, Netherlands
Key Offering: Distilled Turpentine, Gum Rosin, Pine Oil

Pine Chemical Group is a key supplier and distributor of pine chemical products in Europe and beyond. The company specializes in the refining and distribution of turpentine oil and rosin, serving the adhesives, inks, and rubber industries.

Sustainability & Innovation Initiatives:

• Robust logistics network for global distribution of pine chemicals
• Focus on product quality and consistency for industrial customers
• Strategic sourcing from sustainable producers worldwide

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4️⃣ 7. PT. NASCO (Nagaria Saria Citra)

Headquarters: Jakarta, Indonesia
Key Offering: Gum Rosin, Gum Turpentine

PT. NASCO is a significant producer of gum rosin and gum turpentine in Southeast Asia. The company taps into the region’s extensive pine resin resources, processing them into essential products for the chemical and manufacturing sectors.

Sustainability & Innovation Initiatives:

• Sustainable tapping practices to ensure long-term resin supply
• Investment in modern processing facilities to improve efficiency
• Growing export footprint in Asian and global markets

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3️⃣ 8. Wuzhou Sun Shine Forestry & Chemicals Co., Ltd.

Headquarters: Wuzhou, Guangxi, China
Key Offering: Rosin, Turpentine Oil, Terpene Resins

As one of China’s prominent players in the forestry chemicals sector, Wuzhou Sun Shine specializes in the production of rosin and turpentine oil. The company caters to a strong domestic market for adhesives, paints, and synthetic spices.

Sustainability & Innovation Initiatives:

• Integration of forestry management with chemical production
• Expansion of downstream product lines to increase value-addition
• Focus on meeting the growing demand for bio-based materials in China

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2️⃣ 9. Stora Enso

Headquarters: Helsinki, Finland
Key Offering: Crude Sulfate Turpentine (CST), Tall Oil

Stora Enso, a leading provider of renewable solutions in packaging, biomaterials, and wooden construction, is a major generator of crude sulfate turpentine as a by-product of its kraft pulping process. This CST is a key raw material for the global fragrance industry.

Sustainability & Innovation Initiatives:

• Leader in the circular bioeconomy, valorizing 100% of its wood streams
• Partnerships with chemical companies to upgrade CST into high-value products
• Commitment to carbon-neutral operations and sustainable forestry

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1️⃣ 10. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Performance Chemicals, Solvents, Derivatives

Eastman Chemical Company utilizes a variety of feedstocks, including those derived from turpentine, for its extensive portfolio of specialty chemicals. Its advanced processing capabilities allow it to create high-performance products for coatings, adhesives, and other industrial applications.

Sustainability & Innovation Initiatives:

• Innovation in molecular recycling and sustainable chemistries
• Development of bio-based alternatives for traditional solvents
• Strong focus on material science to drive next-generation applications

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🌍 Outlook: The Future of Turpentine Oil Is Sustainable and High-Value

The turpentine oil market is experiencing a significant transformation, evolving from a traditional solvent to a critical feedstock for the bio-economy. As regulatory pressure against volatile organic compounds (VOCs) increases and consumer preference for natural ingredients grows, the value proposition of turpentine-derived products is stronger than ever.

📈 Key Trends Shaping the Market:

• Accelerating demand for bio-based and renewable raw materials in the fragrance and flavor industry.
• Technological advancements in distillation and purification, enhancing the quality and applicability of turpentine fractions.
• Strategic partnerships between pulp & paper companies and chemical firms to create integrated, circular supply chains.
• Growing R&D investments to discover new applications for terpene chemistry in pharmaceuticals and advanced materials.

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The companies listed above are not only supplying a vital industrial commodity—they are at the forefront of innovation, transforming a natural by-product into the building blocks for a more sustainable chemical industry.