Industry Overview
Mineral Turpentine Oil (MTO), also known as mineral turpentine, turpentine substitute, turps substitute, or simply turps, is an economical petroleum-based replacement for vegetable-based turpentine. It is widely used as a solvent and diluent in paints and coatings, for thinning oil-based paints and cleaning brushes, and in applications such as screen printing.
MTO is a versatile petroleum-derived product that can be manufactured using Superior Kerosene Oil (S.K.O.) as a raw material. While S.K.O. is a non-drying material, MTO produced from it has comparatively easy-drying characteristics, making it suitable for applications such as screen printing under sunlight. Its performance as an organic solvent supports its use across paint, coating, printing, and related industrial applications.
The increasing demand for paints, coatings, and associated industrial products is supporting the requirement for solvent materials such as Mineral Turpentine Oil. The report therefore identifies potential scope for new entrants in MTO manufacturing, particularly where reliable raw-material supply, appropriate processing facilities, quality control, and access to target markets can be established.
Cost Estimation
| Particular | Value |
|---|---|
| Plant Capacity | 24,000 Ltr./Day |
| Land & Building (3000 sq.mt.) | Rs. 3.72 Cr |
| Plant & Machinery | Rs. 80 Lac |
| Working Capital for 1 Month | Rs. 3.57 Cr |
| Total Capital Investment | Rs. 8.23 Cr |
| Rate of Return | 34% |
| Break Even Point | 46% |
Content Index
- INTRODUCTION
- USES AND APPLICATION
- GRADES OF MTO
- MTO (LAW) SPECIFICATION
- B.I.S. SPECIFICATION
- REQUIREMENT AND TEST METHOD FOR PETROLEUM HYDROCARBON SOLVENT
- SCOPE
- GRADES
- REQUIREMENTS
- PACKING AND MARKING
- MARKING
- EACH CONTAINER SHALL BE MARKED WITH THE FOLLOWING INFORMATION
- SAMPLING
- SPECIFICATION OF SUPERIOR KEROSENE OIL
- PROPERTIES & CHARACTERSTICES TURPENTINE OIL
- TURPENTINE OIL
- HAZARD FLAMMABLE, MODERATE FIRE RISK:-
- PROPERTIES & CHARACTERSTICES OF RAW MATERIALS USED
- GUM TURPENTINE
- COBALT NAPHTHENATE
- TOLUENE
- GRADE:-
- HAZARD:-
- KEROSENE OIL
- HAZARD
- HEXANE
- MARKET POSITION
- TRENDS IN THE INDUSTRY
- OVERVIEW OF PAINT INDUSTRY
- INDIAN PAINT INDUSTRY HAS GROWN AT 10.4% CAGR OVER 12 YEARS
- CONTRIBUTION OF DECORATIVE PAINTS IN THE OVERALL INDIAN PAINT INDUSTRY HAS EVIDENTLY INCREASED OVER THE YEARS
- PAINTS INDUSTRY IN INDIA
- A. DECORATIVE PAINT INDUSTRY IN INDIA
- DOMESTIC DECORATIVE SEGMENT GROWS AT 11.4% CAGR OVER THE LAST 12 YEARS
- B. INDUSTRIAL PAINT INDUSTRY IN INDIA
- DOMESTIC INDUSTRIAL PAINT SEGMENT GROWS AT 7.9% CAGR OVER THE LAST 12 YEARS
- RISE IN PER CAPITAL CONSUMPTION OF PAINTS
- INDIA’S PER CAPITA CONSUMPTION OF PAINTS FAR LESS VIS A VIS GLOBAL AVERAGE
- GROWING PER CAPITA CONSUMPTION IN INDIA
- MANUFACTURERS/SUPPLIERS OF M.T.O
- FORMULATIONS
- FORMULATION NO.1
- FORMULATION NO.2
- FORMULATION NO.3
- FORMULATION NO.4
- FORMULATION NO.5
- FORMULATION NO.6
- FORMULATION NO.7
- MANUFACTURING PROCESS OF MTO USING SKO
- PROCESS FLOW DIAGRAM
- MANUFACTURING PROCESS OF MINERAL TURPENTINE OIL
- PLANT LAYOUT
- PRINCIPLES OF PLANT LAYOUT
- MAJOR PROVISIONS IN ROAD PLANNING FOR MULTIPURPOSE SERVICE ARE:
- PLANT LOCATION FACTORS
- PRIMARY FACTORS
- 1. RAW-MATERIAL SUPPLY:
- 2. MARKETS:
- 3. POWER AND FUEL SUPPLY:
- 4. WATER SUPPLY:
- 5. CLIMATE:
- 6. TRANSPORTATION:
- 7. WASTE DISPOSAL:
- 8. LABOR:
- 9. REGULATORY LAWS:
- 10. TAXES:
- 11. SITE CHARACTERISTICS:
- 12. COMMUNITY FACTORS:
- 13. VULNERABILITY TO WARTIME ATTACK:
- 14. FLOOD AND FIRE CONTROL:
- EXPLANATION OF TERMS USED IN THE PROJECT REPORT
- 1. DEPRECIATION:
- 2. FIXED ASSETS:
- 3. WORKING CAPITAL:
- 4. BREAK-EVEN POINT:
- 5. OTHER FIXED EXPENSES:
- 6. MARGIN MONEY:
- 8. LAND AREA/MAN POWER RATIO:
- PROJECT IMPLEMENTATION SCHEDULES
- INTRODUCTION
- PROJECT HANDLING
- PROJECT SCHEDULING
- PROJECT CONSTRUCTION SCHEDULE
- TIME SCHEDULE
- SUPPLIERS OF RAW MATERIALS
- SUPPLIERS OF SUPERIOR KEROSENE OIL
- SUPPLIERS OF GUM TURPENTINE
- SUPPLIERS OF COBALT NAPHTHENATE
- SUPPLIERS OF PACKAGING DRUM
- SUPPLIERS OF LAB TESTING CHEMICALS
- SUPPLIERS OF PLANT & MACHINERY
- SUPPLIERS OF MIXER
- SUPPLIERS OF FILTER PRESS
- SUPPLIERS OF LABORATORY EQUIPMENT AND LAB TESTING EQUIPMENT
- SUPPLIERS OF FIRE FIGHTING EQUIPMENTS
- SUPPLIERS OF STORAGE TANKS
- SUPPLIERS OF PACKAGING MACHINERY
Appendix
- APPENDIX – A:
- 01. PLANT ECONOMICS
- 02. LAND & BUILDING
- 03. PLANT AND MACHINERY
- 04. OTHER FIXED ASSESTS
- 05. FIXED CAPITAL
- 06. RAW MATERIAL
- 07. SALARY AND WAGES
- 08. UTILITIES AND OVERHEADS
- 09. TOTAL WORKING CAPITAL
- 10. TOTAL CAPITAL INVESTMENT
- 11. COST OF PRODUCTION
- 12. TURN OVER/ANNUM
- 13. BREAK EVEN POINT
- 14. RESOURCES FOR FINANCE
- 15. INSTALMENT PAYABLE IN 5 YEARS
- 16. DEPRECIATION CHART FOR 5 YEARS
- 17. PROFIT ANALYSIS FOR 5 YEARS
- 18. PROJECTED BALANCE SHEET FOR (5 YEARS)
Frequently Asked Questions
Mineral Turpentine Oil (MTO) is a petroleum-based solvent commonly used as a substitute for vegetable-based turpentine. It is used in paints and coatings as a thinner, solvent, or diluent and can also be used for cleaning paint brushes and in screen printing. MTO is valued for its solvent properties and drying characteristics. The report discusses its grades, specifications, raw materials, formulations, manufacturing process, plant layout, and applications in related industries.
Mineral Turpentine Oil is mainly used as a solvent and diluent in paints and coatings. It can also be used for thinning oil-based paints, cleaning brushes, and in screen-printing applications. Its solvent characteristics make it useful wherever petroleum-derived hydrocarbon solvents are required. The report specifically connects MTO demand with the paints, coatings, and printing sectors and describes its use as an easily drying solvent produced from Superior Kerosene Oil.
The report identifies Superior Kerosene Oil (S.K.O.) as a key raw material for the manufacture of Mineral Turpentine Oil and also discusses several other materials used in MTO formulations and related applications. These include Gum Turpentine, Cobalt Naphthenate, Toluene, Kerosene Oil, and Hexane. The exact formulation depends on the intended grade and product specifications. Proper raw-material quality and testing are important for achieving consistent solvent performance and meeting applicable requirements.
Mineral Turpentine Oil can be manufactured using Superior Kerosene Oil as a principal raw material through a controlled industrial processing and treatment sequence. The project report includes a dedicated manufacturing process of MTO using SKO, a process flow diagram, and a separate description of the MTO manufacturing process. Industrial production generally requires suitable processing equipment, storage facilities, filtration or separation arrangements, quality-control testing, and appropriate handling systems for flammable petroleum-based materials.
An MTO manufacturing plant requires process, storage, filtration, packaging, laboratory, and safety equipment appropriate to the selected manufacturing process. The report specifically includes suppliers and information relating to mixers, filter presses, storage tanks, packaging machinery, laboratory equipment and laboratory testing equipment, and fire-fighting equipment. Equipment selection should be based on process design, product specifications, plant capacity, material compatibility, safety requirements, and the intended method of handling and packaging the petroleum-based solvent.
Fire prevention, safe storage, controlled handling, ventilation, and appropriate emergency systems are essential in an MTO manufacturing plant because petroleum-based solvents are flammable. The report identifies a flammable, moderate fire-risk hazard for turpentine oil and includes plant-location factors such as flood and fire control, waste disposal, transportation, regulatory laws, and site characteristics. A commercial facility should therefore incorporate suitable fire-fighting systems, safe equipment design, storage controls, operating procedures, and applicable statutory and safety requirements.
The report indicates that there is scope for new entrants in Mineral Turpentine Oil manufacturing, supported by demand from paints, coatings, printing, and related applications. Commercial feasibility, however, depends on factors such as raw-material availability, product quality, market access, plant location, utilities, regulatory compliance, safety provisions, capital requirements, and operating costs. The report provides a structured basis for evaluating these considerations, including market trends, manufacturing processes, plant layout, suppliers, implementation schedules, and project economics.
Why Choose Us
- More than 45 years of experience
- Managed by expert industrial consultants
- ISO 9001-2015 Certified
- Registered under MSME, UAM No: DL01E0012000
How We Work
- 24/5 Research Support Get your queries resolved from an industry expert. Ask before you purchase.
- Custom Research Service Speak to our consultants to design an exclusive study for your needs.
- Quality Assurance All reports are prepared by qualified consultants & verified by experts.
- Information Security Your personal & confidential information is always safe and secure.
Detailed Project Report (DPR) includes Present Market Position and Expected Future Demand, Technology, Manufacturing Process, Investment Opportunity, Plant Economics and Project Financials. comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry.
Each report include Plant Capacity, requirement of Land & Building, Plant & Machinery, Flow Sheet Diagram, Raw Materials detail with suppliers list, Total Capital Investment along with detailed calculation on Rate of Return, Break-Even Analysis and Profitability Analysis. The report also provides a birds eye view of the global industry with details on projected market size and then progresses to evaluate the industry in detail.
We can prepare detailed project report on any industry as per your requirement.
We can also modify the project capacity and project cost as per your requirement. If you are planning to start a business, contact us today.
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Key highlights
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge over major competitors
- An array of graphics, BEP analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth with an impact-analysis
- A clear understanding of the competitive landscape and key product segments
- Ask for FREE project related details with our consultant/industry expert.
- Share your specific research requirements for customized project report.
- Request for due diligence and consumer centric studies.
- Still haven't found what you're looking for? Speak to our Custom Research Team.
EIRI Board is a single destination for all the industry, company and country reports. We feature a large repository of latest industry reports, leading and niche company profiles, and market statistics prepared by highly qualified consultants and verified by a panel of experts.
Note: We can also prepare project report on any subject based on your requirement and country. If you need, we can modify the project capacity and project cost based on your requirement.
Our reports provide an expansive market analysis of the sector by covering areas like growth drivers, trends prevailing in the industry as well as comprehensive SWOT analysis of the sector.
Our Clients
- Our research reports comprehensively cover Indian markets (can be modified as per your country), present investigation, standpoint and gauge for a time of five years*.
- The market conjectures are produced on the premise of optional research and are cross-accepted through associations with the business players.
- We use dependable wellsprings of data and databases, and data from such sources is handled by us and incorporated into the report.
- Our project reports include detailed analysis that helps get the industry's Present Market Position and Expected Future Demand.
- Offer real analysis driving variables for the business and the most recent business sector patterns in the industry.
- This report comprehends the present status of the business by clarifying a complete SWOT examination and investigation of the interest-supply circumstance.
- Report gives analysis and in-depth financial comparison of real players/competitors.
- The report gives estimates of key parameters which forecast business execution.
