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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