Mineral Turpentine Oil Prices Q2 2025: Real-Time Price Fluctuations And Forecast

2025-08-07 09:00:11

(MENAFN- IMARC Group) Mineral Turpentine Oil Prices in key regions for Q2 2025:

USA: US$ 1085/MT
China: US$ 1030/MT
India: US$ 970/MT
Germany: US$ 840/MT
South Korea: US$ 926/MT

Regional Prices Movement:

USA:
In the USA, mineral turpentine oil prices remained firm due to steady demand from construction and automotive sectors. Limited inventory buildup and moderate raw material costs also contributed to the overall price trend stability.

China:
Chinese prices were influenced by strong domestic production and consistent demand from wood panel and insulation industries. However, export competition and occasional feedstock fluctuations impacted pricing during the quarter.

India:
India experienced relatively stable pricing, supported by rising demand in furniture and laminate manufacturing. Local supply remained adequate, though import cost fluctuations added minor pressure to market dynamics.

Germany:
German prices stayed moderate amid subdued demand and sufficient supply from regional producers. Efficient logistics and low seasonal activity helped maintain balanced market conditions without sharp price fluctuations.

South Korea:
In South Korea, prices reflected moderate demand from industrial applications. Feedstock availability remained stable, while limited export activity and cautious procurement trends kept the market largely balanced throughout the quarter.

Track Real-Time Prices: https://www.imarcgroup.com/mineral-turpentine-oil-pricing-report/requestsample

Factors Affecting Mineral Turpentine Oil Prices

Demand-Side Factors:

Paints and Coatings Industry Demand:
MTO is widely used as a solvent in paints, varnishes, and lacquers. Seasonal demand from the construction and automotive sectors significantly impacts overall consumption and pricing.

Industrial and Domestic Cleaning Usage:
Rising demand from industrial cleaning agents and household products can influence market dynamics, especially in regions with high manufacturing or urban development.

Economic and Infrastructure Growth:
Increased construction, renovation, and industrial activity drive solvent demand, leading to higher consumption of MTO and upward price trends during growth phases.

Supply-Side Factors:

Crude Oil Price Fluctuations:
As a petroleum-derived product, MTO prices are directly influenced by global crude oil market movements, impacting production costs and supply margins.

Refinery Output and Capacity Utilization:
Variations in refinery operating rates or unplanned shutdowns can affect MTO availability, tightening supply and influencing regional price levels.

Transportation and Distribution Costs:
Changes in freight rates, fuel prices, and supply chain disruptions, including port congestion or weather-related delays, can add cost pressures on MTO prices.

Global Mineral Turpentine Oil Market Analysis

The global mineral turpentine oil market is driven by demand in paints, coatings, and cleaning agents. Industrial expansion and solvent applications continue to support steady market growth across multiple regions.

Key Growth Drivers:

Rising Demand in Paints and Coatings:
MTO is widely used as a solvent in the paint industry, with construction and infrastructure growth fuelling consumption.

Growth in Industrial Cleaning Applications:
Increasing use of MTO in degreasing and machinery cleaning across manufacturing sectors supports market expansion.

Automotive Sector Utilization:
Demand from automotive refinishing and maintenance applications contributes significantly to global MTO consumption.

Expanding Construction Activities:
Global construction growth, especially in emerging economies, boosts demand for MTO-based products used in protective coatings.

Cost-Effective Solvent Substitute:
MTO serves as a lower-cost alternative to other industrial solvents, making it a preferred choice in price-sensitive markets.

How IMARC Pricing Database Can Help:
The latest IMARC Group study,“ Mineral Turpentine Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2025 Edition ,” presents a detailed analysis of Mineral Turpentine Oil price trend, offering key insights into global Mineral Turpentine Oil market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Mineral Turpentine Oil demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.
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