The development of the turpentine downstream processing industry has been slow, but the overall market prospect is broad

Turpentine refers to the liquid extracted from the resin of coniferous plants through distillation or other methods. It is an important industrial raw material. The main component of turpentine is terpene, which is miscible with various chemical reagents such as chloroform, ether, acetic acid, etc., and is widely used in the chemical industry. At the same time, turpentine has anti-inflammatory, antibacterial, and analgesic effects, and is often used to relieve muscle pain, joint pain, neuralgia, and sprains. According to the main components, turpentine can be divided into resin turpentine, sulfate turpentine and wood turpentine.

Currently, turpentine market products are mainly divided into two categories: solvent-based turpentine and refined turpentine. Solvent-based turpentine is mainly used in coatings, inks and other fields, and has the advantages of rapid drying and good film-forming effect. Refined turpentine is mainly used in medicine, electronics and other fields, and has the characteristics of high purity and low impurities.

The upstream of the turpentine industry chain involves pine tree planting and rosin refining. my country has extensive pine planting area, mature rosin processing technology, and sufficient supply of raw materials, which will help the turpentine industry reduce production costs. At the same time, with the advancement of technology, the demand for turpentine in the coating, ink, pharmaceutical and other industries downstream of the industrial chain has been further released, promoting the rapid development of the turpentine industry.

According to the “2023-2027 Turpentine Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, the turpentine production process There are three main methods: solvent extraction, pressing, and distillation. The solvent extraction method produces turpentine with high purity, but solvent residues cause great pollution and put great pressure on environmental protection of enterprises; the pressing method has high product quality, but low production efficiency; the distillation method has the advantages of high production efficiency and low energy consumption, but the product purity is not high. At present, distillation is the mainstream process in my country’s turpentine market, and turpentine companies are also constantly developing new production processes.

At present, the downstream processing industry of turpentine is experiencing a cold spell, both supply and demand are under pressure, and the industry’s prosperity has dropped significantly. At present, the domestic market demand for turpentine derivatives lacks room for growth, but the number of companies entering the market has increased, resulting in intensified market competition and a rapid decline in the price of turpentine derivatives. In 2022, Qingsong Co., Ltd., a leading turpentine processing company, announced the transfer of its turpentine processing subsidiary and completely withdrawn from the turpentine processing market.

However, the overall development prospects of the turpentine industry are broad. As residents’ awareness of environmental protection increases and the concept of green consumption rises, turpentine, as a natural and environmentally friendly chemical raw material, will become increasingly popular in the market. At the same time, the country vigorously promotes environmental protection policies, encourages enterprises to use green materials for production, and encourages consumers to purchase green products. Measures such as this also provide opportunities for the development of the turpentine industry. In addition, the application fields of turpentine are constantly expanding, and it has broad application prospects in high-performance coatings, biomedicine and other fields.

Industry analysts said that turpentine has a wide range of application fields. It is expected that as the application value continues to be explored in the future, the turpentine market has a bright future. Turpentine companies should increase investment in research and development, optimize production processes, improve product quality and production efficiency, develop collaboratively with upstream and downstream industries, and jointly create a complete turpentine industry chain. At the same time, turpentine companies should increase publicity, strengthen brand building, seize the development opportunities brought by the concept of green consumption, and cultivate potential market demand.