Crude Tall Oil Derivatives Market projected to surpass US$1.877 Billion by 2030 at a CAGR of 4.23%

The crude tall oil derivatives market is anticipated to grow at a CAGR of 4.23% from US$1.525 Billion in 2025 to US$1.877 Billion by 2030.

NEW YORK, NY, UNITED STATES, February 24, 2025 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the crude tall oil derivatives market is projected to grow at a CAGR of 4.23% between 2025 and 2030 to reach US$1.877 Billion by 2030.

Application in multiple industries of crude tall oil derivatives market is the major demand trend. The production of crude tall oil derivatives is used in the pulp and paper industry, and the use of CTO derivatives in automotive applications is growing, further, and demand for adhesives, sealants, and coatings in the construction industry is propelling the need for the crude tall oil derivatives. The growth of agricultural production will fuel the demand for crude tall oil derivatives as it is used in agrochemicals and crop protection products.

In July 2024, Ingevity Corporation announced additional steps to advance the company’s strategic repositioning of its Performance Chemicals segment for sustained improved profitability. Actions include consolidating segment operations at the company’s North Charleston, South Carolina, facility by moving oleo chemical refining to the North Charleston site’s secondary refinery. Further, simplification of the segment’s manufacturing footprint by consolidating oleo-based and crude tall oil-based chemical refinery operations at one facility which gives opportunities for future expansion to accommodate growth. This would help the company to reposition to deliver both the oleo-based and crude tall oil-based chemistries for customer as well as supply the new businesses over the next several years.

Further, in January 2024, Kraton Corporation completed a $35 million investment to upgrade its crude tall oil (CTO) biorefinery towers in its Panama City, Florida manufacturing facility. Kraton Corporation is a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping by-products. The new infrastructure was completed with the highest safety and quality standards, for continued service to customers.

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By product, the crude tall oil derivatives market is segmented into tall oil pitch, tall oil rosin, distilled tall oil, and tall oil fatty acid. Further, based on the end-user industry, the market is divided into automotive, specialty chemicals & petrochemicals, oil & gas and mining, and others. The demand for CTO is linked to the growth of the automobile industry as it is used in coatings, adhesives, and lubricants. The automobile industry witnessed a growth of 10% in 2023 in production, according to the International Organization of Motor Vehicle Manufacturers.

According to the U.S. Department of Agriculture, the tall oil production is estimated at about 2.0 million metric tons (MMT) per year, and predominantly produced in North America having 920,000 MT in 2023, followed by Nordics with 710,000 MT, and Russia with 285,000 MT. These regions play crucial role in the supply of crude tall oil derivatives market.

As a part of the report, the major players operating in the crude tall oil derivatives market that have been covered are Metsa Group, Stora Enso, Harima Chemicals Group, Inc., Mondi Group, Pine Chemical Group, Kraton Corporation, Ataman Kimya, Neste, Forchem, Ingevity, Pine Chemical Group, and SunPine.

The market analytics report segments the crude tall oil derivatives market as follows:

• By Product

o Tall Oil Pitch
o Tall Oil Rosin
o Distilled Tall Oil
o Tall Oil Fatty Acid

• By End-User Industry

o Automotive
o Specialty Chemicals & Petrochemicals
o Oil & Gas and Mining
o Others

• By Geography

• North America

o USA
o Canada
o Mexico

• South America

o Brazil
o Argentina
o Rest of South America

• Europe

o United Kingdom
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Middle East and Africa

o Saudi Arabia
o UAE
o Rest of the Middle East and Africa

• Asia Pacific

o China
o India
o Japan
o South Korea
o Taiwan
o Thailand
o Indonesia
o Rest of Asia-Pacific

Companies Profiled:

• Metsa Group
• Stora Enso
• Harima Chemicals Group, Inc.
• Mondi Group
• Pine Chemical Group
• Kraton Corporation
• Ataman Kimya
• Neste
• Forchem
• Ingevity
• Pine Chemical Group
• SunPine

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Knowledge Sourcing Intelligence (KSI) is a market research and intelligence provider that uses a combination of quantitative and qualitative research techniques to deliver comprehensive, in-depth insights to clients. Our approach to market research is centered around the concept of 'Knowledge Sourcing' - the process of gathering data and insights from multiple sources to create a comprehensive and well-rounded picture of the market. KSI's core services include market intelligence, competitive intelligence, customer intelligence, and product intelligence. KSI's approach to market research is designed to help clients make informed decisions, identify opportunities, and gain a better understanding of their target markets. By using a combination of primary and secondary research techniques, we provide clients with detailed insights into current market trends, customer profiles, competitor analysis, and product performance. KSI's market research and intelligence services enable clients to make informed decisions, develop strategic plans, and identify areas of opportunity.

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Knowledge Sourcing Intelligence LLP
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