Crude tall oil derivative market is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The key aspects that contribute towards the growth of the crude tall oil derivative market include rise in consumption of tall oil, owing to its growing usage in several industries such as automotive, specialty chemicals & petrochemicals, and oil & gas mining, among others. The increasing per capita income, the rising population that consumes the products of these industries are the major factors contributing to the growth of the market.
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Moreover, the rising inclination of consumers towards sustainable and environment-friendly products along with the presence of stringent rules and regulations regarding the use of chemicals is anticipated to enhance the growth of the crude tall oil derivative market across the globe. Biofuels made from the crude tall oil derivative are highly preferred to reduce the emission of harmful gases in the environment which in turn is anticipated to drive the growth of the market across the globe. However, the high cost associated with the bio components may restrain the growth of the market.
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Global Crude Tall Oil Derivatives Market Segmentation
By Fraction
Tall Oil Pitch
Tall Oil Rosin
Distilled Tall Oil
Tall Oil Fatty Acid
By End-User Industry
Automotive
Specialty Chemicals & Petrochemicals
Oil & Gas Mining
Other
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Eastman Chemical Company
Foreverest Resources, Ltd.
Ingevity Corp.
Kraton Corp.
Les DérivesRésiniques Et Terpéniques
Lintech International, LLC
Mercer International, Inc.
Neste Corp.
OooTorgoviy Dom Lesokhimik
Respol Group
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