Market Size of Crude Tall Oil Derivatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Crude Tall Oil Derivatives Market Analysis
The crude tall oil derivatives market is expected to register a CAGR of around 5% during the forecast period.
- In 2020, the pandemic severely impacted industry growth due to supply chain disruption across various industries. However, ramping automotive production post-pandemic propelled the overall industry growth.
- The major factors driving the market's growth are the increasing demand for bio-based chemicals in end-user industries and the rising application of crude tall oil derivatives in the automotive industry. On the flip side, directing crude tall oil feedstock more into biodiesel applications is expected to hinder the market's growth.
- The oil and gas project expansions in Asia-pacific and North America will likely offer new growth opportunities during the forecast period. North America dominates the world, with the largest consumption from the United States.
Crude Tall Oil Derivatives Industry Segmentation
Crude tall oil is isolated from acidified skimming of partially concentrated black liquor. It is collected and refined at special plants.
The market is segmented into fraction, end-user industry, and geography. By fraction, the market is segmented into tall oil pitch, tall oil rosin, distilled tall oil, and tall oil fatty acid. By end-user industry, the market is segmented into automotive, specialty chemicals & petrochemicals, oil & gas and mining, and other end-user industries. The report also covers the market size and forecasts for the crude tall oil derivatives market in 14 countries across major regions.
The market sizing and forecasts for each segment have been done based on volume (Kilotons).
| Fraction | |
| Tall Oil Pitch (TOP) | |
| Tall Oil Rosin (TOR) | |
| Distilled Tall Oil (DTO) | |
| Tall Oil Fatty Acid (TOFA) |
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Crude Tall Oil Derivatives Market Size Summary
The crude tall oil derivatives market is poised for steady growth, driven by the increasing demand for bio-based chemicals and their expanding applications in the automotive sector. The market experienced a setback during the pandemic due to supply chain disruptions, but has since rebounded with the resurgence of automotive production. However, the diversion of crude tall oil feedstock towards biodiesel applications poses a challenge to market expansion. The Asia-Pacific and North America regions are expected to present new growth opportunities, with North America leading in consumption, particularly in the United States. The European Union and the United States are significant producers and consumers of tall oil fatty acids, with minimal international trade, ensuring self-sufficiency in this segment.
Key industry players such as Kraton Corporation, Ingevity, and Forchem Oyj are actively involved in the production of tall oil fatty acids, which are increasingly used as lubricants. Regulatory developments, such as the EPA's exemptions for tall oil fatty acids in various applications, have bolstered market growth in North America. The automotive industry's expansion, particularly in the European Union, United States, and Asia-Pacific, is expected to drive the demand for lubricants, further propelling the market. The United States, with its strong economy and focus on revitalizing manufacturing, is anticipated to see increased consumption of crude tall oil derivatives across various industrial applications. The market remains partially consolidated, with major players like Kraton Corporation and Neste actively expanding their operations and strategic initiatives to enhance their market presence.
Crude Tall Oil Derivatives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand For Bio-based Chemicals In End-user Industries
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1.1.2 Rising Application in the Automotive Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Directing Crude Tall Oil Feedstock More Into Biodiesel Application
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Patent Analysis
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1.6 Raw Material Analysis
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1.7 Production Analysis
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1.8 Trade Analysis
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Fraction
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2.1.1 Tall Oil Pitch (TOP)
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2.1.2 Tall Oil Rosin (TOR)
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2.1.3 Distilled Tall Oil (DTO)
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2.1.4 Tall Oil Fatty Acid (TOFA)
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2.2 End-user Industry
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2.2.1 Automotive
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2.2.1.1 Bio-diesel (fuel)
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2.2.1.2 Lubricant
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2.2.1.3 Tire Manufacturing (rubber)
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2.2.2 Specialty Chemicals & Petrochemicals
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2.2.2.1 Plastics
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2.2.2.2 Metalworking Fluids
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2.2.2.3 Soap & Detergents
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2.2.2.4 Coatings
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2.2.2.5 Printing inks
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2.2.2.6 Paper Sizing
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2.2.2.7 Adhesives
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2.2.3 Oil & Gas and Mining
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2.2.3.1 Oil Drilling
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2.2.3.2 Mining flotation
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2.2.4 Other End-user Industries
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2.2.4.1 Sterols
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2.2.4.2 Chewing gum
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2.2.4.3 Other End Users
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Rest of North America
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 France
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2.3.3.3 United Kingdom
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2.3.3.4 Spain
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2.3.3.5 Finland
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2.3.3.6 Sweden
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2.3.3.7 Rest of Europe
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2.3.4 Rest of the World
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2.3.4.1 Brazil
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2.3.4.2 South Africa
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2.3.4.3 Rest of the Countries
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Crude Tall Oil Derivatives Market Size FAQs
What is the current Crude Tall Oil Derivatives Market size?
The Crude Tall Oil Derivatives Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Crude Tall Oil Derivatives Market?
Kraton Corporation, Forchem Oyj, SunPine AB, Les Dérives Résiniques Et Terpéniques and UPM are the major companies operating in the Crude Tall Oil Derivatives Market.
