JSW Dulux (Akzo Nobel), a major varnishes producer, reported total income of Rs 950.40 crore for the March 2026 quarter, down from Rs 1,024.90 crore a year ago. Net profit rose to Rs 125.70 crore. The company's share price fell 1% on 8 July, reflecting mixed financial performance.
Turpentine prices followed a firm trend in Q1’26, with Asia showing stronger support from improving industrial activity and restocking in the chemical and coating sectors. China’s industrial value-added output rose 6.3% year on year during January-February 2026, supporting solvent and specialty chemical consumption. Europe remained cost-driven, as weak coatings demand limited strong gains, but import dependence and freight risks kept replacement costs elevated. In North America, demand for paints, coatings, adhesives, and specialty chemicals remained steady, supported by U.S. manufactured goods orders rising 1.5% in March 2026. The Strait of Hormuz disruption added freight and fuel risk, as the route handles around 20 million barrels/day of oil flows, but its impact was secondary to feedstock and downstream demand conditions.
Analyst Insight
According to Procurement Resource, near-term turpentine prices are expected to stay firm, with limited downside unless pine chemical supply improves and freight pressure eases.
Related Report
Need latest Turpentine price?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
During H2 2025, turpentine prices continued to exhibit a stable-to-firm trajectory, although demand conditions became more mixed across regions. Asian markets remained comparatively stronger as inventories stayed tight and supply growth lagged consumption requirements. According to Argus market assessments, gum turpentine availability remained constrained due to reduced gum rosin operating rates, while Brazil continued to serve as a critical export source for international buyers. Feedstock dynamics remained the dominant market driver, as lower pine oleoresin processing rates restricted turpentine production despite ongoing demand from fragrance compounds, adhesives, paints, coatings, and specialty chemicals. Europe remained largely cost-supported because of its reliance on imported material and limited supplier availability, although subdued manufacturing and coatings activity prevented sharper price gains. North America displayed relatively stable conditions, with demand from industrial solvents, paints, and specialty chemicals offsetting softer construction-linked consumption. Consequently, the market remained fundamentally supported by supply tightness rather than demand acceleration, resulting in firm but controlled price movement during the second half of 2025.
Turpentine is one of the oldest and most common industrial solvents. It is distinct from other chemical solvents as it is derived from a renewable source. Turpentine is a chemical that is naturally derived from live pine trees, as it has been for decades. It is ready for use in industrial applications after a thorough distillation process.
C10H16
Solvent, Water Proofing, Sanitation, Cosmetics, Insect Repellants
Gum turpentine, Spirits of gum turpentine, Turpentine gum
PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Punjab Rosin and Chemicals Works, Wuzhou Sun Shine Forestry & Chemicals Co.,, Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Turpentine is extracted from the natural resin of pine trees during the distillation process.
Our Price Analysis Methodology
Assistant Manager: Business Insights and Content
Supporting procurement teams with category intelligence, market research, price trends, supply-demand analysis, and strategic sourcing insights across key industries.
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
