Crude Tall Oil is a secondary product obtained during the processing of wood pulp from pine trees. It is a yellowish viscous liquid with a resinous odor. Crude Tall Oil has various industrial applications such as in the production of concrete flooring, binding oils, road binders, rubber compounds, and others. It offers advantages such as cost-effectiveness, eco-friendly nature, and efficient performance to the industries using it. With the growing construction and automotive industries globally, the demand for different applications of Crude Tall Oil is increasing at a significant pace.
The Global Crude Tall Oil Market is estimated to be valued at US$ 1.93 BN in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 To 2031.
Key Takeaways
- Key players operating in the Crude Tall Oil are Citec Group Oy Ab, Ingevity Corporation, Georgia-Pacific Chemicals, Forchem Oyj, Kraton Corporation. Citec Group Oy Ab is one of the leading producers and suppliers of Crude Tall Oil in the global market.
- The growing construction industry globally is the prime factor fueling Global Crude Tall Oil Market Demand. It is widely used in the production of concrete flooring and other construction materials owing to its binding properties.
- Technological advancements in extraction processes have improved the yield and purity of Crude Tall Oil. New extraction methods allow the recovery of CTO even from residues containing small amounts of tall oil. This aids in efficient resource utilization from the pulp and paper mills.
Market Trends
- Growing demand for bio-based chemicals and materials is a key trend in the market. With increasing environmental awareness, industries are focusing on utilizing renewable feedstocks like Crude Tall Oil for various chemical productions.
- Shift towards green building concept is another trend. Use of bio-based additives like Crude Tall Oil in concrete flooring and construction chemicals supports sustainable construction.
Market Opportunities
- Potential opportunities lie in utilizing Crude Tall Oil as a green substitutes in industrial lubricants, solvents, and adhesives manufacturing.
- Developing applications in the rubber industry also present an opportunity for crude tall oil market. Investments in research aimed at identification of new uses will support the market expansion.
Impact of COVID-19 on Crude Tall Oil Market Growth
The outbreak of the COVID-19 pandemic had a significant impact on the global crude tall oil market in 2020. The imposition of lockdowns and supply chain disruptions affected the demand and supply of crude tall oil from key end-use industries like construction, automobile, and paints & coatings. During the initial months of the pandemic, these end-use industries witnessed a steep decline in production which reduced the requirement of crude tall oil. However, with resumption of activities in late 2020 and 2021, the demand is recovering steadily. Although the recovery has been uneven across different regions due to the varying severity of outbreak and pace of vaccination.
The crude tall oil market player’s focus has shifted to ensuring supply chain continuity and operational resilience during these unprecedented times. Companies are investing in digitalization and automation to minimize human intervention in production operations. This is helping to reduce the risk of disruption from future waves of pandemic. On the demand side, recovery is expected to be fuelled by infrastructure development activities initiated by various governments as part of COVID-19 economic stimulus packages. This will drive the requirement of crude tall oil from construction industry in coming years. Overall, the long-term growth outlook for crude tall oil remains positive, however, broader availability of vaccine and containment of virus spread will dictate the market strength in near future.
Europe Crude Tall Oil Market
Europe accounted for the largest share of the global crude tall oil market in terms of value in 2020. The region is home to a significant base of paper & pulp industry which is the major end-user of crude tall oil derivatives. Tall oil soap scuds recovered from pulping process find numerous applications as surfactants, emulsifiers, and binders in printing inks, lubricants, and construction chemicals. Countries like Finland, Sweden, and Germany have seen substantial demand from paper manufacturing facilities over decades. Beside this, strong presence of automotive and construction sector supplements the consumption of crude tall oil in adhesives, sealants, and surface coatings across Europe.
Asia Pacific Crude Tall Oil Market
The Asia Pacific region has emerged as the fastest growing market for crude tall oil globally since 2016. China and India are leading the demand growth in the region supported by rapid industrialization and infrastructure development. In China, crude tall oil derivatives such as tall oil fatty acid and tall oil rosin finds increasing usage in emulsion polymerization of latex, coatings, and adhesives production to cater to diverse end-use industries. Similarly, government initiatives to boost road construction and housing sector in India is positively impacting the Tall oil soap usage as emulsifier in road construction chemicals. Overall, Asia Pacific represents major growth opportunities for crude tall oil market participants over coming years.
Get More Insights on Crude Tall Oil Market
The global Crude Tall Oil Market is very fragmented due to the presence of a various sizable number of players which forms a competitive environment.
The report entails all-inclusive information related to the newest market updates like new ideas, market size, opportunity, growth path and trends for the forecast period of 2021-2027 to realize competitive edge across the world.
This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and therefore the latest development undertaken.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the crude tall oil market include Citec Group OyAb, ForchemOyj, Georgia-Pacific Chemicals, Ingevity Corporation, Kraton Corporation, Meridian Chemicals LLC and, Pine Chemical Group, Songchuan Pine Chemicals Co. Limited and UPM-KymmeneOyj.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Crude Tall Oil Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/crude-tall-oil-market/download-sampleMarket DynamicsThe growing demand for low-cost and environment-friendly crude oil in value-added products is driving market growth.
Fluctuating prices of fuels and limited resources are pushing chemical companies to focus towards crude tall oil is again boosting the market growth.
Global Crude Tall Oil (CTO) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Download Free Sample Report of Global Crude Tall Oil (CTO) Market @ https://www.decisiondatabases.com/contact/download-sample-23207The report also covers the complete competitive landscape of the global Crude Tall Oil (CTO) market with company profiles of key players such as: Segezha GroupGeorgia-Pacific Chemicals LLCSwedishtalloilForchemUCY EnergyThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By ProductSoft Wood Tall OilHard Wood Tall OilBy End Users/ApplicationsCoatings and PaintsInk and TonersPolymer Preparations and CompoundsWashing and Cleaning ProductsFuelsOtherBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaBrowse the complete Global Crude Tall Oil (CTO) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/23207-crude-tall-oil-cto-market-report The Global Crude Tall Oil (CTO) Market has been exhibited in detail in the following chapters –Chapter 1 Crude Tall Oil (CTO) Market Preface Chapter 2 Executive SummaryChapter 3 Crude Tall Oil (CTO) Industry AnalysisChapter 4 Crude Tall Oil (CTO) Market Value Chain AnalysisChapter 5 Crude Tall Oil (CTO) Market Analysis By ProductChapter 6 Crude Tall Oil (CTO) Market Analysis By End Users/ApplicationsChapter 7 Crude Tall Oil (CTO) Market Analysis By GeographyChapter 8 Competitive Landscape Of Crude Tall Oil (CTO) CompaniesChapter 9 Company Profiles Of Crude Tall Oil (CTO) IndustryPurchase the complete Global Crude Tall Oil (CTO) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-23207Other Reports by DecisionDatabases.com:Global Tung Oil Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Waste Oil Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Cleansing Oil Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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