CRUDE TALL OIL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global crude tall oil market has been witnessing significant growth owing to wide range of applications across various end-use industries such as construction, automobile, and paints & coatings industries. Crude tall oil is a by-product of the kraft pulping process used by many paper mills. It contains rosin and fatty acids which makes it a versatile raw material. Properties like biodegradability and dispersibility in water and organic solvents has increased its usage in binders, emulsifiers, and other applications. Additionally, efforts towards reducing fossil fuel dependence and focus on bio-based products is further expected to drive the demand for crude tall oil over the forecast period.

Market Dynamics:

Growth in construction sector along with increasing automobile production across emerging economies are some of the major factors expected to drive the growth of global crude tall oil market during the forecast period. However, availability of substitutes like vegetable and palm based chemical products can hamper the market growth. Adoption of bio-based products due to stringent environmental regulations regarding use of petrochemical derivatives is likely to present huge growth opportunities for crude tall oil market in coming years. The global crude tall oil market is driven by factors such as rising paper production across Asia Pacific and Latin America, increasing wood pulp processing activities and affordable availability of pine tree forests as main raw materials. Furthermore, favorable properties of crude tall oil enabling its use as a substitute for various petroleum-based products in chemical, construction and automotive industries is boosting market revenues. However, fluctuating costs of wood logs and pine trees used for pulp extraction act as a major restraining factor. Also, the availability of alternative substitutes at lower costs pose challenges. Industry players are focusing on capacity expansions and new product development to tap opportunities in emerging application areas.

Key features of the study:

• This report provides in-depth analysis of the global crude tall oil market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global crude tall oil market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Forchem, Georgia-Pacific Chemicals, UPM Biofuels and others
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global crude tall oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global crude tall oil market

Detailed Segmentation:

• Global Crude Tall Oil Market, By Distillation Process:
• • Tall Oil Fatty Acids (TOFA)
  • Tall Oil Heads
  • Distilled Tall Oil
  • Tall Oil Rosin
  • Tall Oil Pitch
• Global Crude Tall Oil Market, By Application:
• • Painting and coatings
  • Inks & Toners
  • Adhesives
  • Vehicle Tires
  • Hygiene commodities
  • Substitutes for antibiotics
  • Mining
  • Chewing Gums
  • Electronics
  • Papermaking
• Global Crude Tall Oil Market, By End Use:
• • Metalworking
  • Building & Construction
  • Chemical
  • Electronics & Electricals
  • Mining Industry
  • Personal Care & Cosmetics
  • Automobile
• Global Crude Tall Oil Market, By Region:
• • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
• Top Companies in Global Crude Tall Oil Market
• • Citec Group Oy Ab
  • Ingevity Corporation
  • Georgia-Pacific Chemicals
  • Forchem Oyj
  • Kraton Corporation