Crude Tall Oil Market : Global Industry Analysis and Forecast (2023-2029)

Crude Tall Oil Market size is expected to reach US$ 2.58 Bn by 2029, growing at a CAGR of 4.5% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Crude Tall Oil Market Dynamics:

Crude tall oil contains a mixture of various elements like fatty acids, resin, and other neutral materials. It forms water-in-oil mixtures and stabilizes mud systems at high temperatures. It finds in many applications like chemical and fuel industries because of its cost-effectiveness and less environmental harmfulness features.

Recently, demand for tall oil has increased after further extraction of biodiesel refinement from it. The usage of resin additives in various industries like plastics, packaging, automotive, furniture, construction & building, and others has increased the demand for tall oil to produce additives. The demand for biofuels has increased to reduce pollution. The crude tall diesel or renewable diesel is obtained after the refining process of crude tall oil. It is widely used in the automotive end-user industry as a biofuel. The execution of government policies to promote the usage of biofuel is expected to drive the global market growth.
Crude Tall Oil Market Segment Analysis:
The Tall oil fatty acid (TOFA) segment is expected to contribute xx% share in the global crude tall oil market. The key producers and consumers of tall oil fatty acids are widely present in Europe and the United States. It is used in its raw form and as precursors to manufacture an array of products. An increase in usage of TOFA derivatives like PVC stabilizers, dimers, alkyds, varied oilfield chemicals, and synthetic lubricant polyamides are expected to boost the demand for crude tall oil.
Crude Tall Oil Market Regional Analysis:
Europe region is expected to contribute xx% share in the global market. The presence of CTO bio-refineries across Austria, Finland, France, and Sweden is boosting the market growth. The European crude tall oil industry relies on the constrained renewable resource to produce bio-based chemicals and intermediates. In Europe, The Biorefineries are focusing on the process of biomass raw materials and then transforming them into pure fractions (TOFA, DTO, TOR, and TOP). The transformed pure fractions are the building blocks, which are used for several industrial chemical productions.

The Established downstream industries in Europe purchase and process CTO-based intermediate chemicals and provide a stable and significant market for CTO biorefineries. The Renewable Energy Directive of Europe that at least 10% of their transport fuel comes from renewable sources that are expected to increase the demand for the crude tall oil market during the forecast period.
Crude Tall Oil Market Competitive Analysis:
The fluctuations in fuel prices and the limited availability of resources are forcing chemical companies to focus on crude tall oil production. The prominent key players in the market are focusing on the introduction of innovative ways to contribute to the bio-economy. The global crude tall oil market has limited numbers of prominent players.

The objective of the report is to present a comprehensive analysis of the Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and projects the Global Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Crude Tall Oil Market make the report investor’s guide.
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Crude Tall Oil Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.89 Bn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 2.58 Bn.


 Segments Covered:
by Processed Product
Distilled Tall Oil
Tall Oil Fatty Acid
Tall Oil Rosin
Tall Oil Pitch
Other


by Application
Adhesive
Inks & Toners
Partings & Coatings
Hygiene Products
Others


by End-Use Industry
Automotive
Chemical
Oil and Gas
Food and Beverages
Others



Crude Tall Oil Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Citec Group OyAb
2. Ingevity Corporation
3. Georgia Pacific Chemicals
4. ForchemOyj
5. Kraton Corporation
6. Pine Chemical Group
7. Songchuan Pine Chemicals Co. ltd.
8. Meridian Chemicals LLC
9. UPM-KymmeneOyj
10. Mercer International
11. Neste
12. Segezha Group
13. DRT
14. Others

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Crude Tall Oil Market?
Ans: The Global Crude Tall Oil Market is growing at a CAGR of 4.5% during forecasting period 2023-2029.

3. What is scope of the Global Crude Tall Oil market report?
Ans: Global Crude Tall Oil Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Crude Tall Oil market?
Ans: The important key players in the Global Crude Tall Oil Market are – Citec Group OyAb, Ingevity Corporation, Georgia Pacific Chemicals, ForchemOyj, Kraton Corporation, Pine Chemical Group, Songchuan Pine Chemicals Co. ltd., Meridian Chemicals LLC, UPM-KymmeneOyj, Mercer International, Neste, Segezha Group, DRT, and Others

5. What is the study period of this market?
Ans: The Global Crude Tall Oil Market is studied from 2022 to 2029.