Top Industry Leaders in the Gum Turpentine Oil Market
Gum Turpentine Oil Market
August 2023- A new, groundbreaking medicine ingredient coming out of England may not be sugar, but Mary Poppins would likely agree that it's better than the crude oil currently being used. Researchers at the University of Bath are replacing oily chemical components used to help make common over-the-counter medicines with a substance found in pine trees. The goal at Bath is to switch out oil with a "sustainable biorefinery approach." It's fascinating news that should help the medicine go down a little better for us all. It's also better medicine for the planet, as oil refineries spout out 527,000 tons of air pollution each year, according to an article in ScienceDirect. Crude is used to help make plastics, clothing, gum, and about 110,000 tons of the popular painkillers Ibuprofen and paracetamol (Tylenol) annually. These medicines are taken for common aches, pains, and headaches. University of Bath chemistry research associate Dr. Josh Tibbetts said in a university report that using oil to make pharmaceuticals is unsustainable — not only is it contributing to rising CO2 emissions, but the price fluctuates dramatically as they are greatly dependent on the geopolitical stability of countries with large oil reserves. It is only going to get more expensive. The pine compound replacing the oil element is a biorenewable waste byproduct from the paper industry called beta-pinene. It's derived from turpentine. In the lab, the scientists use continuous flow reactors for production, providing for an "uninterrupted" process, according to the Bath team. This is more efficient than using a large reactor that makes separate batches, the experts reported. They have had success garnering other chemicals from turpentine that can be used to make beta-blockers, asthma inhaler medicine, and even perfume, according to the research report. Tibbetts touts the breakthrough as a way to create "a spectrum of valuable, sustainable chemicals that can be used in a wide range of applications."
The key players are HTPL, Privi Speciality Chemicals Limited, Merck KGAA, Menthaallied, Punjab Rosin And Chemicals Works, PT. Naval Overseas, Ratnaka Resins Pvt. Ltd., Mahendra Rosin And Turpentine Pvt. Ltd., and Tung Viet Chemicals Corporation