Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Tall Oil Market by Type (Softwood Tall Oil, Mixed Tall Oil, Hardwood Tall Oil), By Application (Alkyd Resins, Dimer Acids, Lubricant Additives, Soaps & Detergents, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Tall Oil Market by Type (Softwood Tall Oil, Mixed Tall Oil, Hardwood Tall Oil), By Application (Alkyd Resins, Dimer Acids, Lubricant Additives, Soaps & Detergents, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 366181 4200 Chemical & Material 377 169 Pages 4.5 (45)
                                          

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.


Global Tall Oil Industry Outlook


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:

  1. Kraton Corporation
  2. Ingevity Corporation
  3. Metsa
  4. Georgia-Pacific
  5. Eastman
  6. Citec Group Oy Ab
  7. Torgoviy Dom Lesokhimik
  8. Resitol Chemical Industry
  9. Pitzavod
  10. Sckkbur
  11. Stora Enso
  12. Smurfit Kappa
  13. Mercer International
  14. Forchem
  15. UPM Biofuels
  16. Formule Verte
  17. SunPine AB

Global Tall Oil Market Overview


Highlights of The Tall Oil Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Softwood Tall Oil
    2. Mixed Tall Oil
    3. Hardwood Tall Oil
  1. By Application:

    1. Alkyd Resins
    2. Dimer Acids
    3. Lubricant Additives
    4. Soaps & Detergents
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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
  • Identifying Appropriate Advertising Appeals

Global Tall Oil Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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