Market Overview:
The global tall oil market is expected to reach USD 2.5 billion by 2030, registering a CAGR of 5.1% during the forecast period 2018-2030. Tall oil is a natural product obtained as a by-product of the pulp and paper industry, and is composed of fatty acids, resin acids, and other organic compounds. It has various applications in different industries such as alkyd resins, dimer acids, lubricant additives, soaps & detergents etc., owing to its unique properties such as high thermal stability and low volatility. Based on type, the global tall oil market can be segmented into softwood tall oil (STO), mixed tall oil (MTO), and hardwood tall oil (HTO). STO accounted for the majority share in 2017 due to its widespread use in alkyd resins production across different regions.
Product Definition:
Tall oil is a by-product of the papermaking process. It is a yellow, viscous liquid that is high in fatty acids and resin acids. Tall oil can be used as an ingredient in paints, varnishes, and other coatings. It can also be used to make soap and detergents.
Softwood Tall Oil:
Softwood tall oil is the name given to the vegetable or seed-based oils that are extracted from the oleoresin of softwood trees. Softwood refers to any tree whose wood has not been used for energy production. The majority of these products find their usage in biofuel production, but some find their use as a food supplement and others still in cosmetics and pharmaceuticals industries.
Mixed Tall Oil:
Mixed tall oil is a by-product of the refining process of crude oil. It contains impurities such as sulfur and nitrogen along with other chemical compounds. The presence of these impurities in the product can cause damage to various parts of machinery used for transportation and storage, thus hindering the market growth.
Application Insights:
Tall oil alkyd resins application dominated the global industry accounting for over 35% of the total revenue share in 2017. These are used to manufacture industrial paints and coatings that are utilized across a wide range of industries including construction, automotive, and marine. The segment is expected to witness significant growth owing to its rising use in manufacturing durable coatings with improved performance characteristics such as high resistance against chemicals, heat & UV light coupled with durability and flexibility.
The demand for tall oil based dimer acids was valued over USD 40 million in 2017 due to their growing use as plasticizers for polyvinyl chloride (PVC) resins which is further anticipated to drive the product demand over the forecast period. They are also used as viscosity adjusters during polymerization processes which enables them better control of molecular weight distribution leading to enhanced physical properties such as impact strength & abrasion resistance when compared with other oils available in market.
Regional Analysis:
Asia Pacific dominated the global tall oil market in 2017 and is expected to witness significant growth over the forecast period. The region is home to several rapidly expanding industries, such as construction, automotive, and personal care & cosmetics. These industries are majorly dependent on petroleum-based products for their raw material supply. Thus, increasing petroleum prices would result in an increase in raw material costs for these sectors which would ultimately affect product prices across various applications of tall oil derivatives.
The Middle East & Africa (MEA) accounted for a volume share of 7% in 2017 owing to high consumption levels of polyurethane foams coupled with growing automobile industry mainly from Saudi Arabia and UAE countries that consume large volumes of motor vehicle interiors including upholstery fabrics made from natural materials like natural rubber latex or synthetic fibers like viscose rayon etc.
Growth Factors:
- Increasing demand from the plastic and polymer industry as a result of its unique properties
- Rising demand for biofuels as a renewable energy source
- Growing use in asphalt paving and roofing products due to its weatherproofing capabilities
- Increasing application in lubricants, hydraulic fluids, and transformer oils
- Proliferation of Tall Oil-based products in the personal care market
Scope Of The Report
Report Attributes
Report Details
Report Title
Tall Oil Market Research Report
By Type
Softwood Tall Oil, Mixed Tall Oil, Hardwood Tall Oil
By Application
Alkyd Resins, Dimer Acids, Lubricant Additives, Soaps & Detergents, Others
By Companies
Kraton Corporation, Ingevity Corporation, Metsa, Georgia-Pacific, Eastman, Citec Group Oy Ab, Torgoviy Dom Lesokhimik, Resitol Chemical Industry, Pitzavod, Sckkbur, Stora Enso, Smurfit Kappa, Mercer International, Forchem, UPM Biofuels, Formule Verte, SunPine AB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Tall Oil Market Report Segments:
The global Tall Oil market is segmented on the basis of:
Types
Softwood Tall Oil, Mixed Tall Oil, Hardwood Tall Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Alkyd Resins, Dimer Acids, Lubricant Additives, Soaps & Detergents, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kraton Corporation
- Ingevity Corporation
- Metsa
- Georgia-Pacific
- Eastman
- Citec Group Oy Ab
- Torgoviy Dom Lesokhimik
- Resitol Chemical Industry
- Pitzavod
- Sckkbur
- Stora Enso
- Smurfit Kappa
- Mercer International
- Forchem
- UPM Biofuels
- Formule Verte
- SunPine AB
Highlights of The Tall Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Softwood Tall Oil
- Mixed Tall Oil
- Hardwood Tall Oil
- By Application:
- Alkyd Resins
- Dimer Acids
- Lubricant Additives
- Soaps & Detergents
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tall Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tall oil is a type of vegetable oil that has a higher concentration of polyunsaturated fatty acids (PUFAs) than other types of oils. These PUFAs are important for maintaining heart health, skin health, and cognitive function.
Some of the key players operating in the tall oil market are Kraton Corporation, Ingevity Corporation, Metsa, Georgia-Pacific, Eastman, Citec Group Oy Ab, Torgoviy Dom Lesokhimik, Resitol Chemical Industry, Pitzavod, Sckkbur, Stora Enso, Smurfit Kappa, Mercer International, Forchem, UPM Biofuels, Formule Verte, SunPine AB.
The tall oil market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tall Oil Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Tall Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tall Oil Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Tall Oil Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Tall Oil Market Size & Forecast, 2020-2028 4.5.1 Tall Oil Market Size and Y-o-Y Growth 4.5.2 Tall Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Softwood Tall Oil
5.2.2 Mixed Tall Oil
5.2.3 Hardwood Tall Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Alkyd Resins
6.2.2 Dimer Acids
6.2.3 Lubricant Additives
6.2.4 Soaps & Detergents
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tall Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tall Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Softwood Tall Oil
9.6.2 Mixed Tall Oil
9.6.3 Hardwood Tall Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Alkyd Resins
9.10.2 Dimer Acids
9.10.3 Lubricant Additives
9.10.4 Soaps & Detergents
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Softwood Tall Oil
10.6.2 Mixed Tall Oil
10.6.3 Hardwood Tall Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Alkyd Resins
10.10.2 Dimer Acids
10.10.3 Lubricant Additives
10.10.4 Soaps & Detergents
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Softwood Tall Oil
11.6.2 Mixed Tall Oil
11.6.3 Hardwood Tall Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Alkyd Resins
11.10.2 Dimer Acids
11.10.3 Lubricant Additives
11.10.4 Soaps & Detergents
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Softwood Tall Oil
12.6.2 Mixed Tall Oil
12.6.3 Hardwood Tall Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Alkyd Resins
12.10.2 Dimer Acids
12.10.3 Lubricant Additives
12.10.4 Soaps & Detergents
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Softwood Tall Oil
13.6.2 Mixed Tall Oil
13.6.3 Hardwood Tall Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Alkyd Resins
13.10.2 Dimer Acids
13.10.3 Lubricant Additives
13.10.4 Soaps & Detergents
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tall Oil Market: Competitive Dashboard
14.2 Global Tall Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kraton Corporation
14.3.2 Ingevity Corporation
14.3.3 Metsa
14.3.4 Georgia-Pacific
14.3.5 Eastman
14.3.6 Citec Group Oy Ab
14.3.7 Torgoviy Dom Lesokhimik
14.3.8 Resitol Chemical Industry
14.3.9 Pitzavod
14.3.10 Sckkbur
14.3.11 Stora Enso
14.3.12 Smurfit Kappa
14.3.13 Mercer International
14.3.14 Forchem
14.3.15 UPM Biofuels
14.3.16 Formule Verte
14.3.17 SunPine AB