The global demand for Crude Tall Oil Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
Crude tall oil or CTO is extracted as a by-product during the kraft pulping process, which is carried out by paper mills. Crude tall oil is a dark brown viscous liquid extracted and processed from softwoods and hardwoods. It’s a mixture of fatty acids, rosin, and other neutral materials. Additionally, it is used as a component of rubber, adhesives, and inks. It has applications in various industrial sectors including metalworking, building & construction, chemical, electronics & electricals, mining industry, personal care & cosmetics and automobile.
The growing demand for low-cost and environment-friendly crude oil in value-added products is driving market growth. Fluctuating prices of fuels and limited resources are pushing chemical companies to focus towards crude tall oil is again boosting the market growth. In addition to this, growing demand from biofuels is expected to generate demand during the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of crude tall oil.
The entire crude tall oil market has been sub-categorized into distillation process, application, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distillation Process
- Tall Oil Fatty Acids (TOFA)
- Tall Oil Heads
- Distilled Tall Oil
- Tall Oil Rosin
- Tall Oil Pitch
By End Use
- Painting and coatings
- Inks & Toners
- Vehicle Tires
- Hygiene commodities
- Substitutes for antibiotics
- Chewing Gums
- Building & Construction
- Electronics & Electricals
- Mining Industry
- Personal Care & Cosmetics
This section covers regional segmentation which accentuates on current and future demand for crude tall oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Crude Tall Oil Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the crude tall oil market include Citec Group Oy Ab, Forchem Oyj, Georgia-Pacific Chemicals, Ingevity Corporation, Kraton Corporation, Meridian Chemicals LLC and, Pine Chemical Group, Songchuan Pine Chemicals Co. Limited and UPM-Kymmene Oyj. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.