The worldwide crude tall oil market is currently assessed at USD 1.93 billion in 2022. The market is expected to develop further and achieve a worth of USD 3 billion by the end of 2032. During the projection period, the industry is predicted to increase at a CAGR of 4.5%. The assessment timeframe for this study is 2022-2032.
The fundamental concern of the environment, as well as the fueled desire for alternative renewable fuel sources, are projected to acquire prominence in the approaching time. After lignin and hemicellulose, crude tall oil is the third most prevalent chemical by-product in a Kraft mill. Many Kraft mills use crude tall oil as a byproduct of the paper pulping process. Tall oil soap (raw rosin soap or resonate) is obtained from Kraft industries and acidified to produce crude tall oil.
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The fundamental concern of the environment, as well as the fueled desire for alternative renewable fuel sources, are projected to acquire prominence in the approaching time. After lignin and hemicellulose, crude tall oil is the third most prevalent chemical by-product in a Kraft mill. Many Kraft mills use crude tall oil as a byproduct of the paper pulping process. Tall oil soap (raw rosin soap or resonate) is obtained from Kraft industries and acidified to produce crude tall oil.
Key Players:
- Citec Group Oy Ab
- Ingevity Corporation
- Georgia-Pacific Chemicals
- Forchem Oyj
- Kraton Corporation
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Regional Analysis:
By the end of 2028, North America is expected to dominate the crude tall oil industry. Europe is the world’s second biggest crude oil market, and it is likely to expand further as a result of the European Union’s renewable energy policy. By 2020, the EU’s ‘Renewable Energy Directive’ requires all EU members to prove that at least 10% of their transportation fuel originates from renewable sources. During the foreseeable period, this directive might be an important driver of the crude tall oil market in Europe.
During the projected period, the Asia Pacific crude tall oil market is expected to increase significantly. Because of their well-established paper and pulp industries, China and ASEAN nations are projected to see considerable expansion in the crude tall oil market. When it comes to nations with high crude oil output, Scandinavia ranks first, followed by the United States and Russia.
Key Segments of Industry:
- By Distillation Process :
- Tall Oil Fatty Acids (TOFA)
- Tall Oil Heads
- Distilled Tall Oil
- Tall Oil Rosin
- Tall Oil Pitch
- By Application :
- Painting and coatings
- Inks & Toners
- Adhesives
- Vehicle Tires
- Hygiene commodities
- Substitutes for antibiotics
- Mining
- Chewing Gums
- Electronics
- Papermaking
- By End-Use :
- Metalworking
- Building & Construction
- Chemical
- Electronics & Electricals
- Mining Industry
- Personal Care & Cosmetics
- Automobile
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