ons in the pharmaceutical sector in

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by jimmylunkad · November 21, 2018

Global Terpene Resin Market demand is expected to witness a steady growth on account of its increasing applications as a high-value chemical. Various
applications have been identified which include cosmetics, food, pharmaceutical
and biotechnology chemicals. Terpene is a diverse class of organic compound
produced by coniferous trees. They are modified chemically to obtain terpenoids.
They are derived with the help of biosynthesis of isoprene having a molecular
linkage formula (C5H8)n. The isoprene units can be linked together through a
linear chain or in the form of rings.


Usage of terpene as a chemical feedstock is a major application driving the overall demand. This organic compound is used in the manufacturing of
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source for organic synthesis. Turpentine is widely used as a solvent with bee
wax and as a protective coating over the wood finish. Increasing application in
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driving the global terpene market. Many leading companies are investing in the
manufacturing and development of crop protection chemicals to exploit the growth
seen in the market. The growing demand for these products is forcing global
players to widen their portfolio by introducing new crop protection offerings.


View Full Report with TOC @
Further, its application as a food additive has been driving the market demand in recent years. They are used in liquid sweeteners, ice creams, and
coffee based drinks. Terpene resin is used to provide aromas to food and
beverages. Cosmetic products use terpene resins to achieve desired fragrances.
Government regulations and safety related to this organic compound offers a
major challenge for the overall industry growth. Availability of substitutes is
expected to hamper the growth of overall industry in near future. Advancement of
technology has resulted in the development of new additives and aromatic agents
which are expected to challenge this industry. There are significant threats for
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These compounds have pharmaceutical applications which provide great opportunities for the market growth over the forecast period. Some promising
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Posted 20 Dec 2018

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