Crude tall oil is a unique type of "oil" with properties that differ from common edible and non-edible oils. The term crude tall oil comes from the Swedish word "tallolja" which means pine oil. Crude tall oil is the third most abundant chemical by-product in a Kraft mill after lignin and hemicellulose. Crude tall oil is a co-product of the paper pulping procedure used by many Kraft mills. Tall oil soap (raw rosin soap or rosinate) is collected from the Kraft industries and then acidified to make crude tall oil. Crude tall oil is a blend of various elements, such as fatty acids, resin and other neutral materials and forms water-in-oil mixtures and stabilizes mud systems at high temperatures. Crude tall oil can be further refined using separation process to segregate it further into TOFA (tall oil fatty acid), tall oil rosin and distilled tall oil. Crude tall oil finds many usages in chemical and fuel industries due to its cost-effectiveness and the fact that it is less harmful to the environment.
MARKET SCOPE
The "Global Crude tall oil Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Crude tall oil market with detailed market segmentation by process product, industry, and geography. The global Crude tall oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Crude tall oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global Crude tall oil market is segmented on the basis of process product, and industry.
- On the basis of process product, the Crude tall oil market is segmented into distilled tail oil, tall oil fatty acid, and tail oil rosin.
- Similarly, on the basis of industry the Crude tall oil market is bifurcated into automotive, chemical, oil and gas, others.
MARKET DYNAMICS
Drivers:
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- The demand for crude tall oil is increasing due to growing demand for low-cost and environment-friendly crude oil to be used in various value-added products.
- The growth of the global crude tall oil market depends on the growth of the global wood pulping sector. Different applications of crude tall oil in various industries are expected to boost the demand for crude tall oil during the forecast period.
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- Fluctuating prices of fuels and limited resources are diverting chemical companies' attention towards crude tall oil, which is eco-friendly and is produced as a by-product during the pulping process in the paper and pulp industry.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Crude tall oil oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Crude tall oil oil market in these regions.
IMPACT OF COVID-19 ON CRUDE TALL OIL MARKET
The global crude tall oil industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the crude tall oil market revenue in 2020. The Asian and European countries under lockdowns have suffered major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to slowdown in the growth of the electrical cable market in 2020.
However, the negative impact of COVID-19 on the crude tall oil market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for crude tall oil products post pandemic. This is due to the fact that a rise in number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain
MARKET PLAYERS
The report covers key developments in the Crude tall oil oil market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Crude tall oil oilmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Crude tall oil market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Crude tall oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Kraton Corporation
- Forchem Oyj
- UPM.
- DRT (D?riv?s R?siniques et Terp?niques)
- Sunpine AB
- Eastman Chemical Company
- Ingevity
- Mercer International
- Pine Chemical Group
- Segezha Group.