Global Crude Tall Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Crude Tall Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Crude Tall Oil (CTO) is a by-product of the Kraft pulping process. Commercially, it is mainly used for fractionally distilled to manufacture Tall Oil Fatty Acids (TOFA) and Tall Oil Rosin (TOR).

Market Overview:

The latest research study on the global Crude Tall Oil market finds that the global Crude Tall Oil market reached a value of USD 992.46 million in 2022. It’s expected that the market will achieve USD 1577.81 million by 2028, exhibiting a CAGR of 8.03% during the forecast period.

Crude Tall Oil Market Challenges

The COVID-19 pandemic has created a number of challenges for industrial manufacturers globally, especially those that depend on workers whose jobs cannot be carried out remotely. Amid plummeting oil prices and demand, supply chain bottlenecks, slowing spending and volatile credit markets, some major industrial companies have closed facilities and are considering the extent of layoffs to help contain the spread of the virus, as well as for economic reasons. The suspension of downstream activities has certainly dampened the demand for CTO. At the same time, for CTO companies that adopt a global supply chain strategy, the outbreak of COVID-19 has hampered the supply of raw materials.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Kraton Polymers LLC, Ingevity Corporation and UPM with the revenue market share of 13.84%, 6.28% and 5.30% in 2020.

Kraton CTO is a byproduct of pine wood pulping (Kraft process) used by many paper mills. The pulpwood is delivered to pulp mills and is chipped and boiled with an alkali solution to produce black liquor and pulp. The water from the black liquor is then evaporated and the black liquor soap is skimmed off, and acidulated to make CTO.

Ingevity Corporation produces CTO for reprocessing.

Segmentation Overview:

Among different product types, Softwood Crude Tall Oil segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the CTO Distillation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Crude Tall Oil market covered in Chapter 3:

UPM
Pitzavod
Södra
Pine Chemical Group
Sckkbur
Mercer International Inc.
DRT
Mondi Group
Resitol Chemical Industry
Ingevity Corporation
Metsa
Kraton Polymers LLC
Eastman
Smurfit Kappa
Stora Enso
Torgoviy Dom Lesokhimik

In Chapter 4 and Chapter 14.2, on the basis of types, the Crude Tall Oil market from 2018 to 2029 is primarily split into:

Softwood Crude Tall Oil
Mixed Crude Tall Oil
Hardwood Crude Tall Oil

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Crude Tall Oil market from 2018 to 2029 covers:

CTO Distillation
CTO Biofuels
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)