Global Crude Tall Oil Derivatives Market Report and Forecast 2024-2032

Global Crude Tall Oil Derivatives Market Outlook

The global crude tall oil derivatives market attained a value of nearly USD 2.00 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.5% to reach approximately USD 2.96 billion by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Extensive End-Uses of Tall Oil Fatty Acid Boosting the Growth of the Crude Tall Oil Derivatives Industry

The extensive use of tall oil fatty acid in oilfield chemicals, metalworking fluids, textile chemicals, construction chemicals, and metallic stabilisers, among others, is propelling the market growth. As tall oil fatty acids are eco-friendly, they are also used as fuel additives in diesel and petrol, which is also augmenting the industry growth. Moreover, they are used as an intermediate to make various alkyd resins. The United States Environmental Protection Agency (EPA) established the use of tall oil fatty acid (TOFA) as an inert ingredient in pesticides formulations applied to growing crops and raw agricultural commodities after harvest. Moreover, it is also an inert ingredient in antimicrobial formulations for food contact surfaces and pesticides applied on or in animals. This measure is increasing the awareness regarding the use of tall oil fatty acid (TOFA), consequently invigorating the market growth for crude tall oil derivatives. Tall oil derivatives such as tall oil rosin are widely used as raw materials in applications including road making, ink, adhesive, and paper. Moreover, they provide an environmental and cost-effective solution for specific industries.

Crude Tall Oil Derivatives: Market Segmentation

Crude tall oil derivatives are the by-products of the Kraft process of wood pulp manufacture. It is isolated from acidified skimming of partially concentrated black liquor, collected and refined at special plants. It is extensively used in the production of soaps and rosins.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on fractions, crude tall oil derivatives are divided into:

• Tall Oil Fatty Acid
• Distilled Tall Oil
• Tall Oil Rosin
• Tall Oil Pitch
• Others

The major applications of crude tall oil derivatives are:

• Emulsifier
• Rubber Processing
• Asphalt Additives
• Paint and Coating
• Epoxy Additives
• Others

The market can be broadly categorised on the basis of its end use segments into:

• Automotive
• Construction
• Speciality Chemicals and Petrochemicals
• Oil and Gas
• Others

The EMR report looks into the regional markets of crude tall oil derivatives like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Demand for Biofuels to Bolster the Market Growth for Crude Tall Oil Derivatives

The increasing demand for sustainable and eco-friendly products owing to rapid climate change is expected to fuel the market growth. This is increasing the demand for tall oil fatty acids and tall oil rosin due to their biodegradable properties. The production of wood-based biofuels using advanced technologies is increasing the demand for crude tall oil derivatives, hence aiding the market growth. In addition, distilled tall oil is one of the most important raw materials used widely in various industries for metalworking fluids, oil field chemicals, cleaners, and soaps, among others. Furthermore, the increasing researches regarding the use of crude tall oil derivatives as pesticides, food additives, and repellent are expected to contribute significantly to the market growth.  Moreover, the rising end-uses of renewable fuels in various industries is propelling the industry growth. In addition, the introduction of various favourable government policies to promote the use of biofuels is further accelerating the market growth.

Key Industry Players in the Global Crude Tall Oil Derivatives Market

The report presents a detailed analysis of the following key players in the global crude tall oil derivatives market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Kraton Corporation.
• Pine Chemical Group
• Forchem Oyj
• SunPine AB
• Ingevity Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report