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Tall Oil Rosin Market Size (2024 - 2029)

The tall oil rosin market is experiencing growth driven by increasing demand for renewable and cost-effective products, particularly in the pulp and paper and hygiene sectors. Despite challenges such as the lengthy distillation process and the impact of the COVID-19 pandemic, which temporarily slowed production and demand, the market is poised for expansion. The Asia-Pacific region is anticipated to lead in market size, benefiting from the development of new adhesive types and ongoing research and development efforts.

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Market Size of Tall Oil Rosin Industry

Tall Oil Rosin Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR < 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Tall Oil Rosin Market Major Players

*Disclaimer: Major Players sorted in no particular order

Tall Oil Rosin Market Analysis

The Global Tall Oil Rosin Market is projected to register a CAGR of less than 5% during the forecast period (2022-2027).

COVID-19 negatively impacted the market in 2020. The COVID-19 pandemic is affecting the tall oil rosin market because of the global slowdown of the world economy. During the pandemic, many factories responsible for raw material production, mainly crude tall oil, for tall oil rosin were shut down. There was also lower demand for pine chemicals and sectors like printing, paper & pulp industries are on temporary hold. In the printing industries, tall oil rosin is used as a rubber emulsifier to increase alkyd resin coatings' strength and gloss. Also, it is used as binders, emulsifiers, and sealants. Due to such various applications, the demand for tall oil rosin is increasing.

  • Over the short term, rising demand for renewable rosins for pulp and paper, and hygiene products such as cleansers, sanitary napkins, and face-masks, increasing demand for cost-effective & vegetarian-friendly products are some of the driving factors which are stimulating the market demand.
  • Requirement of several times taking & a lengthy distillation process of tall oil rosin hindering the market's growth.
  • The continued emergence of new adhesive types across the globe and R&D in the field will likely create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Tall Oil Rosin Industry Segmentation

Tall oil rosin is a co-product and derivative of commercially important Kraft pulping, and it is majorly supplied by pulp mills. When pine pulp is treated, crude oil is obtained as a by-product which is then further distilled, and tall oil rosin is obtained. The tall oil rosin contents up to 6% of unsaponifiable matters. It also finds diverse applications in industries such as paint and varnish, pulp and paper, rubber, chemical, polygraphic, and others. The tall oil rosin market is segmented by application, end-user industry, and geography. By application, the market is segmented into Pulp and Paper, Inks and Toners, Adhesives, Paints and Coatings, Electronics, Hygiene Products, Rubber, and Other Applications. By End-user industry, the market is segmented into Printing, Automotive, Building and Construction, Chemicals, Electronics and Electrical, Mining, and Other End-User Industries. The report also covers the market size and forecasts for the tall oil rosin market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

Application
Pulp & Paper
Inks and Toners
Adhesives
Paints and Coatings
Electronics
Hygiene Products
Rubber
Other Applications
End-user Industry
Printing
Automotive
Building and Construction
Chemicals
Electronics and Electrical
Mining
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Tall Oil Rosin Market Size Summary

The tall oil rosin market is experiencing a dynamic phase, driven by its diverse applications and the increasing demand for renewable and cost-effective products. This market, integral to the pulp and paper industry, is witnessing growth due to its use as a rubber emulsifier and binder in various sectors, including printing and hygiene products. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted raw material production and reduced demand in certain industries, the market is rebounding. The Asia-Pacific region, particularly China and India, is expected to lead the market, benefiting from their robust pulp and paper production and emerging economies. The region's dominance is further supported by the growth of the printing industry and the increasing demand for tall oil rosin in various applications.

The market's growth is also fueled by the ongoing research and development in adhesive technologies, which presents new opportunities for tall oil rosin applications. However, the lengthy distillation process required for its production poses a challenge to market expansion. The market is characterized by a partial fragmentation, with key players like Eastman Chemical Company, Harima Chemicals Group, Inc., Ilim Group, Kraton Corporation, and Ingevity actively participating. Recent price increases by major companies indicate a responsive market to global economic conditions. Overall, the tall oil rosin market is poised for steady growth, driven by its essential role in bio-based investments and the expanding demand across various industries.

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Tall Oil Rosin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Need for Renewable Rosins

      2. 1.1.2 Increasing Demand for Cost-effective & Vegetarian-friendly Products

    2. 1.2 Restraints

      1. 1.2.1 Requirement of Several Time Taking & Lengthy Distillation Process

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Pulp & Paper

      2. 2.1.2 Inks and Toners

      3. 2.1.3 Adhesives

      4. 2.1.4 Paints and Coatings

      5. 2.1.5 Electronics

      6. 2.1.6 Hygiene Products

      7. 2.1.7 Rubber

      8. 2.1.8 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Printing

      2. 2.2.2 Automotive

      3. 2.2.3 Building and Construction

      4. 2.2.4 Chemicals

      5. 2.2.5 Electronics and Electrical

      6. 2.2.6 Mining

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Tall Oil Rosin Market Size FAQs

The Tall Oil Rosin Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

Eastman Chemical Company , Harima Chemicals Group, Inc. , Ilim Group , Kraton Corporation and Ingevity are the major companies operating in the Tall Oil Rosin Market.

Tall Oil Rosin Market Report Snapshots

Tall Oil Rosin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)