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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Tall Oil Rosin Market Analysis
The major drivers of the global tall oil rosin market include the moderate growth in tackifier rosins. In large regions such as the United States, the domestic consumption of tall oil rosins also positively drives the otherwise slow tall oil rosin industry. The increasing crude oil prices are a major factor that has placed tall oil rosin at a competitive location in the binder rosin and tackifier market. The lack of supply is the primary constraint that hinders the market growth. Even if demand rises moderately due to different reasons, the lack of tall oil rosin supply significantly dissuades the growth of the tall oil rosin industry. This has resulted in the global tall oil rosin market’s slow and flat growth rate recently as supply is unable to meet the demand.
Tall Oil Rosin Market Report Snapshots
Tall Oil Rosin Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global tall oil rosin market is projected to grow at a CAGR of 3% between 2023 and 2032.
The major drivers of the market are moderate growth in tackifier rosin, rising demand for tall oil for binder rosin, and fluctuating crude oil prices.
The growing penetration of the major players in significant regions is the key trend guiding the growth of the overall market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Distilled tall oil, tall oil fatty acids (TOFA), tall oil heads, tall oil rosin, and tall oil pitch are the significant distillation processes for the product in the global tall oil rosin market.
The major applications of the product include fuel additives, mining chemicals, adhesives, coatings and inks, rubber, and emulsifier, among others.
The major players in the market are Ilim Group, Harima Chemicals Group Inc., Ingevity Corporation, Kraton Corporation, and Sunpine AB, among others.
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