The Indian retail mineral turpentine market is expected to surpass US$113.2 million in revenue at a CAGR of 9.5% between the forecast period 2022-32


Newark, DE / AccessWire / November 24, 2022 / The market valuation of the Indian Retail Mineral Turpentine Oil (MTO) is estimated at $45.8 million By the end of 2022. Turpentine mineral oil sales in the country are expected to experience steady growth at CAGR. 9.5% during the 2022 to 2032 rating period. It is expected to remain at the top of valuations $113.2 million By 2032.

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Future Market Insights in its latest market research has revealed that India’s turpentine mineral oil market is highly consolidated with the majority of shares held by a few leading domestic players. Major players operating in the market mainly trade in huge amounts of MTO. MTO retail packaging is usually repackaged by distributors or retailers. Hence, the retail mineral turpentine market in India is fragmented and is expected to hold huge potential for the major players in the market.

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MTO’s retail packaging has experienced high growth over the years. Big players can gain enough momentum and capture the majority of market shares by launching MTOs in retail sizes. They strive to market their own products with innovative brand names and high quality to expand their customer base.

Mineral turpentine oil is expected to find most applications in paints and coatings for the manufacture of products such as thinners and wood primers. Paint manufacturers primarily retail MTO through their authorized outlets. Paint manufacturers also focus on building a strong sales network with the presence of several authorized dealers and customer loyalty programs.

Key Takeaways: Indian turpentine mineral oil market

  • Retail Mineral Turpentine Oil Market in India to Grow at Compound Annual Growth Rate (CAGR) from 2017 to 2021 5.1%,

  • Account for North India is expected 37.7% Overall market share of turpentine mineral oil in India over the period considered.

  • Western India Retail Mineral Turpentine Oil Market is currently round 28.8% Value of market share in India.

  • Based on application, the wood primers segment is estimated to be approx 60.7% Retail mineral turpentine oil produced in India.

  • The pack size of 10.1 liters – 20 liters is expected to make up the majority of the retail mineral turpentine oil market in India in the next ten years.

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The story continues

competitive landscape: India Retail market for mineral turpentine oil

According to FMI analysis, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Nayara Energy Limited, Mehta Petro-Refineries Limited, Jai Chemicals, Shambhu Petrochem (P) Limited, Paragon Chemicals, Total Energy SE, Idemitsu Kosan Company Ltd., Shell Plc., ExxonMobil Corporation Ltd., Wittmanns Industries Pvt. Ltd., and Labdhi Petrochem, among others, are identified as major manufacturers in the Indian turpentine mineral oil market.

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Explore the India Retail Mineral Turpentine Oil market report for more details

Future Market Insights presents an unbiased analysis of the Indian retail turpentine mineral oil market in its latest report, which includes historical data from 2017 to 2021 and forecast data for the period 2022 to 2032. To understand the potential, growth and scope of the Indian market, the market has been segmented based on package size, application and region.

India Retail Mineral Turpentine Oil Market Forecast by Category

By package size:

  • 100ml – 499ml

  • 500ml-1L

  • 1.1 Lakh – 5 Lakh

  • 5.1 Lakh-10 Lakh

  • 10.1 Lakh – 20 Lakh

On request:

  • paint thinner

  • wood primer

  • dry cleaning

  • cleaning brush

  • works of art

  • other

per region:

  • North India

  • South India

  • East India

  • West Indies

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About the Chemicals & Materials division at Future Market Insights

FMI’s Chemicals & Materials division provides unique and accurate analysis of the chemical and materials industry. Its full coverage extends from commodities, bulk, specialty and petrochemicals to advanced materials, composites and especially nanotechnology, with a special emphasis on ‘green alternatives, recycling and renewable technology development, supply-demand-business valuation’ Is. Our studies operate in the context of market development guidelines for chemical manufacturers, research institutes, channel partners and government agencies – ‘the way forward’.

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table of contents

1. Summary

1.1. Market outlook for mineral turpentine oil in India

1.2. trends on the demand side

1.3. trends on the supply side

1.4. technological roadmap

1.5. analysis and recommendations

2. Market overview

2.1. Market Coverage / Classification

2.2. Market definition / scope / boundaries

3. Key Market Trends

3.1. Important trends that influence the market

3.2. Product innovation / development trends

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