The Global Crude Tall Oil Market size is expected to reach US$ 3 Bn by 2031, from US$ 1.93 Bn in 2024, growing at a CAGR of 6.5% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2023/2024: |
US$ 1.93 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 - 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: |
6.50% |
2030/2031 Value Projection: |
US$ 3 Bn |
Figure 1. Global Crude Tall Oil Market Share (%), by Region, 2024
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
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Crude Tall Oil Market, By Distillation Process
- Global Crude Tall Oil Market, By Application
- Global Crude Tall Oil Market, By End Use
- Global Crude Tall Oil Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Growth in Bio refineries and Biofuel Industry
- Rising Consumption in Adhesives and Sealants Sector
- Fluctuations in Raw Material Prices
- Growing Emphasis on Substitute Products
- Advancements in extraction technology
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Crude Tall Oil Market- Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Crude Tall Oil Market, By Distillation Process, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Tall Oil Fatty Acids (tofa)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Tall Oil Heads
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Distilled Tall Oil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Tall Oil Rosin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Tall Oil Pitch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
6. Global Crude Tall Oil Market, By Application, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Painting And Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Inks & Toners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Adhesives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Vehicle Tires
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Hygiene Commodities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Substitutes For Antibiotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Mining
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Chewing Gums
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Papermaking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
7. Global Crude Tall Oil Market, By End use, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Metalworking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Chemical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Electronics & Electricals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Mining Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Personal Care & Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Automobile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
8. Global Crude Tall Oil Market, By Region, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Sub-region, 2024and 2031 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2020 -2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Distillation Process, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031 , (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031 , (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Distillation Process, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019 -2031 , (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 -2031 , (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Distillation Process, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031 , (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 -2031 , (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- Asean
- Rest Of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Distillation Process, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031 , (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031 , (US$ Bn)
- GCC
- Israel
- Rest Of Middle East
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Distillation Process, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031 , (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031 , (US$ Bn)
- Brazil
- Mexico
- Argentina
9. Company Profiles - Global Crude Tall Oil Market
- Citec Group Oy Ab*
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Ingevity Corporation
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Georgia-Pacific Chemicals
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Forchem Oyj
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Kraton Corporation
- Company Overview
- Product/Service Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategic Overview
- Analyst Views
10. Section
- Research Methodology
- About us