The global crude tall oil derivative market size reached US$ 2.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.21% during 2023-2032.
Crude tall oil (CTO) derivative represents a cost-effective, commercially valuable biomaterial or by-product of the pulp and paper industry. It is produced through the kraft procedure of fatty and resins acids, unsaponifiable and neutral compounds that are derived from wood extractives and softwoods. It is further isolated from acidifying skimming of partially concentrated black liquor, which is collected and refined at special plants.
Currently, CTO derivative finds extensive applications in metalworking operations, the mining industry for flotation, corrosion inhibitors, drill fluids, metal-rolling, and fluid separation for concrete products. Apart from this, it is used in oil-based lubricants, dry agents, detergents, soaps, surfactants, and polishes. At present, CTO derivative is commercially available in tall oil rosin (TOR), tall oil fatty acids (TOFA), tall oil pitch (TOP), and distilled tall oil (DTO) variants.
Additionally, the rapid expansion in the agricultural sector and the escalating demand for high-quality crops have intensified the incorporation of TOFA in pesticides to enhance crop production, which is contributing to the market growth. Moreover, the extensive uptake of CTO in alkyd resins, metallic stabilizers, textile chemicals, metalworking fluids, ink, adhesives, and papers is propelling the market growth. Apart from this, the usage of various product recycling tactics and strategic collaborations amongst key players to expand product usage are creating a positive outlook for the market.
2. What is the expected growth rate of the global crude tall oil derivative market during 2024-2032?
3. What are the key factors driving the global crude tall oil derivative market?
4. What has been the impact of COVID-19 on the global crude tall oil derivative market?
5. What is the breakup of the global crude tall oil derivative market based on the fraction?
6. What is the breakup of the global crude tall oil derivative market based on the application?
7. What are the key regions in the global crude tall oil derivative market?
8. Who are the key players/companies in the global crude tall oil derivative market?
Crude tall oil (CTO) derivative represents a cost-effective, commercially valuable biomaterial or by-product of the pulp and paper industry. It is produced through the kraft procedure of fatty and resins acids, unsaponifiable and neutral compounds that are derived from wood extractives and softwoods. It is further isolated from acidifying skimming of partially concentrated black liquor, which is collected and refined at special plants.
Currently, CTO derivative finds extensive applications in metalworking operations, the mining industry for flotation, corrosion inhibitors, drill fluids, metal-rolling, and fluid separation for concrete products. Apart from this, it is used in oil-based lubricants, dry agents, detergents, soaps, surfactants, and polishes. At present, CTO derivative is commercially available in tall oil rosin (TOR), tall oil fatty acids (TOFA), tall oil pitch (TOP), and distilled tall oil (DTO) variants.
Crude Tall Oil Derivative Market Trends:
One of the key factors driving the market growth is the widespread adoption of CTO derivatives across sectors due to the increasing need for various value-added bio-based products. This can be further attributed to the growing awareness amongst manufacturers regarding its beneficial properties, including renewable sources, lower carbon footprint, non-genetically modified organisms (Non-GMOs), oxidative stability, excellent air drying characteristics, and negligible aromatic compound. In line with this, the stringent implementation of sustainable green approaches by governments, owing to rising environmental concerns, has promoted the uptake of CTO derivatives as an eco-friendly fuel additive in diesel and petrol.Additionally, the rapid expansion in the agricultural sector and the escalating demand for high-quality crops have intensified the incorporation of TOFA in pesticides to enhance crop production, which is contributing to the market growth. Moreover, the extensive uptake of CTO in alkyd resins, metallic stabilizers, textile chemicals, metalworking fluids, ink, adhesives, and papers is propelling the market growth. Apart from this, the usage of various product recycling tactics and strategic collaborations amongst key players to expand product usage are creating a positive outlook for the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global crude tall oil derivative market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on fraction, application, and end user.Breakup by Fraction:
- Tall Oil Fatty Acid
- Distilled Tall Oil
- Tall Oil Rosin
- Tall Oil Pitch
- Others
Breakup by Application:
- Fuel and Fuel Additives
- Surfactant
- Mining and Oilfield Chemicals
- Coating and Inks
- Rubber
- Others
Breakup by End User:
- Automotive
- Construction
- Speciality Chemicals and Petrochemicals
- Oil and Gas
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Forchem Oyj (Respol Resinas S.A.), Ingevity Corporation, Kraton Corporation (DL Chemical Co. Ltd.), Les Dérives Résiniques Et Terpéniques (Firmenich International SA), Mercer International Inc., Neste Oyj, Pine Chemical Group Oy, Segezha Group, Silver Fern Chemical Inc., SunPine AB and Univar Solutions Inc.Key Questions Answered in This Report
1. What was the size of the global crude tall oil derivative market in 2023?2. What is the expected growth rate of the global crude tall oil derivative market during 2024-2032?
3. What are the key factors driving the global crude tall oil derivative market?
4. What has been the impact of COVID-19 on the global crude tall oil derivative market?
5. What is the breakup of the global crude tall oil derivative market based on the fraction?
6. What is the breakup of the global crude tall oil derivative market based on the application?
7. What are the key regions in the global crude tall oil derivative market?
8. Who are the key players/companies in the global crude tall oil derivative market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Crude Tall Oil Derivative Market
6 Market Breakup by Fraction
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Forchem Oyj (Respol Resinas S.A.)
- Ingevity Corporation
- Kraton Corporation (DL Chemical Co. Ltd.)
- Les Dérives Résiniques Et Terpéniques (Firmenich International SA)
- Mercer International Inc.
- Neste Oyj
- Pine Chemical Group Oy
- Segezha Group
- Silver Fern Chemical Inc.
- SunPine AB
- Univar Solutions Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2 Billion |
| Forecasted Market Value ( USD | $ 2.9 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
