Gum Turpentine Oil Market Insights Video

According to Cognitive Market Research, the global gum turpentine oil market size is USD 1951.5 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

• North America held the major market of more than 40% of the global revenue with a market size of USD 780.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Europe accounted for a share of over 30% of the global market size of USD 585.45 million.
• Asia Pacific held the market of around 23% of the global revenue with a market size of USD 448.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
• Latin America market of more than 5% of the global revenue with a market size of USD 97.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
• Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 39.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
• The online retail held the highest gum turpentine oil market revenue share in 2024.