The global Crude Tall Oil Derivatives Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Fraction (Tall Oil Pitch (TOP), Tall Oil Rosin (TOR), Distilled Tall Oil (DTO), Tall Oil Fatty Acid (TOFA)), By End-User (Automotive, Specialty Chemicals & Petrochemicals, Oil & Gas and Mining, Others).
The market for crude tall oil (CTO) derivatives is witnessing steady growth in 2024, driven by the increasing demand for sustainable, bio-based materials in industries such as chemicals, adhesives, lubricants, and coatings. Crude tall oil is a by-product of the kraft pulping process used in the production of paper and wood products, primarily derived from coniferous trees such as pine and spruce. It consists of fatty acids, resin acids, sterols, and other organic compounds, which can be further refined and processed into a variety of derivatives with diverse applications. These derivatives offer properties such as lubricity, emulsification, tackiness, and water resistance, making them suitable for various industrial and commercial applications. In the chemicals industry, CTO derivatives are used as raw materials for manufacturing tall oil fatty acids (TOFA), tall oil rosin (TOR), tall oil pitch (TOP), and tall oil esters, which serve as intermediates for producing surfactants, lubricants, plasticizers, and specialty chemicals. Further, in the adhesives and sealants sector, they are utilized for formulating hot-melt adhesives, pressure-sensitive adhesives, and construction sealants for bonding wood, paper, plastics, and metals in automotive, construction, and packaging applications. Additionally, in the lubricants and coatings industry, CTO derivatives serve as additives for enhancing lubricity, corrosion protection, and film-forming properties in metalworking fluids, greases, paints, and coatings. Furthermore, as industries prioritize sustainability, renewable resources, and circular economy principles, the demand for CTO derivatives as alternatives to fossil-based chemicals and materials is expected to growing, driving market expansion and fostering innovation in tall oil refining, processing, and product development.
The market report analyses the leading companies in the industry including Eastman Chemical Company, Forchem Oyj, Ingevity, Kraton Corp, Les Dérives Résiniques Et Terpéniques, Mercer International Inc, Neste, Ooo Torgoviy Dom Lesokhimik, Pine Chemical Group Oy, Segezha Group, Sunpine AB, UPM, and others.
A prominent trend in the crude tall oil derivative market is the shift towards sustainable chemical solutions. With increasing environmental concerns and regulatory pressures to reduce carbon footprint and minimize dependence on fossil fuels, there's a growing demand for renewable and biodegradable alternatives in various industries. Crude tall oil derivatives, derived from a byproduct of the pulp and paper industry, offer a sustainable source of chemicals for applications such as adhesives, coatings, lubricants, and biofuels. This trend is driven by the need for eco-friendly alternatives that offer comparable performance to conventional petroleum-based chemicals while aligning with sustainability goals and corporate responsibility initiatives.
The driver for the crude tall oil derivative market is the growing demand for bio-based products. As consumers and businesses seek alternatives to traditional petroleum-derived chemicals and materials, there's an increasing preference for bio-based products derived from renewable feedstocks. Crude tall oil derivatives, being sourced from wood pulp processing residues, are considered a sustainable and environmentally friendly option for various industrial applications. The expanding market for bio-based chemicals and materials, driven by factors such as regulatory support, consumer awareness, and corporate sustainability commitments, fuels the demand for crude tall oil derivatives as viable alternatives to petrochemicals.
An opportunity exists for expansion into specialty chemicals and additives markets in the crude tall oil derivative segment. Crude tall oil derivatives comprise a diverse range of chemical compounds with unique properties and functionalities, making them suitable for a wide range of applications beyond traditional uses. Specialty chemicals such as tall oil fatty acids (TOFA), tall oil rosin (TOR), and tall oil pitch (TOP) derivatives find applications in specialty coatings, construction chemicals, oilfield chemicals, and personal care products. Additionally, these derivatives serve as valuable additives in formulations for enhancing performance, imparting specific properties, or providing eco-friendly alternatives to synthetic additives. By leveraging their versatility and customization capabilities, manufacturers of crude tall oil derivatives can explore new market segments and applications, thereby unlocking growth opportunities and expanding their market presence in the specialty chemicals sector.
The largest segment in the Crude Tall Oil Derivative Market is Tall Oil Fatty Acid (TOFA). The large revenue share is driven by the widespread adoption of TOFA across various industries. TOFA is a versatile raw material derived from crude tall oil and finds extensive applications in the production of soaps, detergents, lubricants, coatings, adhesives, and rubber additives. Its unique chemical properties, including high fatty acid content, low levels of unsaponifiable matter, and excellent emulsifying properties, make it suitable for a wide range of industrial applications. Additionally, TOFA serves as a key intermediate in the synthesis of various derivatives such as tall oil rosin (TOR), dimer acids, and ester derivatives, further expanding its utility. Moreover, as industries strive to transition towards sustainable and bio-based raw materials, TOFA presents a renewable and environmentally friendly alternative to petroleum-derived chemicals. With its diverse applications and favorable characteristics, TOFA maintains its dominance as the largest segment in the Crude Tall Oil Derivative Market.
The fastest-growing segment in the Crude Tall Oil Derivative Market is Specialty Chemicals & Petrochemicals. This growth is propelled by the increasing demand for crude tall oil derivatives in specialty chemical and petrochemical applications. Crude tall oil derivatives, such as tall oil fatty acids (TOFA), tall oil rosin (TOR), and distilled tall oil (DTO), serve as valuable raw materials for the production of specialty chemicals used in coatings, adhesives, lubricants, and rubber additives. Moreover, the versatility of crude tall oil derivatives enables their incorporation into a wide range of specialty chemical formulations, enhancing performance characteristics such as durability, adhesion, and corrosion resistance. Additionally, in the petrochemical industry, crude tall oil derivatives find applications as emulsifiers, surfactants, and viscosity modifiers in oilfield chemicals, enhancing oil recovery and production efficiency. Furthermore, as industries increasingly prioritize sustainability and environmental responsibility, crude tall oil derivatives offer a renewable and bio-based alternative to petroleum-derived chemicals, driving their adoption in specialty chemical and petrochemical applications. As a result, the Specialty Chemicals & Petrochemicals segment is expected to experience rapid growth in the Crude Tall Oil Derivative Market.
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Eastman Chemical Company
Forchem Oyj
Ingevity
Kraton Corp
Les Dérives Résiniques Et Terpéniques
Mercer International Inc
Neste
Ooo Torgoviy Dom Lesokhimik
Pine Chemical Group Oy
Segezha Group
Sunpine AB
UPM
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Crude Tall Oil Derivative Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Crude Tall Oil Derivative Market Size Outlook, $ Million, 2021 to 2032
3.2 Crude Tall Oil Derivative Market Outlook by Type, $ Million, 2021 to 2032
3.3 Crude Tall Oil Derivative Market Outlook by Product, $ Million, 2021 to 2032
3.4 Crude Tall Oil Derivative Market Outlook by Application, $ Million, 2021 to 2032
3.5 Crude Tall Oil Derivative Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Crude Tall Oil Derivative Industry
4.2 Key Market Trends in Crude Tall Oil Derivative Industry
4.3 Potential Opportunities in Crude Tall Oil Derivative Industry
4.4 Key Challenges in Crude Tall Oil Derivative Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Crude Tall Oil Derivative Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Crude Tall Oil Derivative Market Outlook by Segments
7.1 Crude Tall Oil Derivative Market Outlook by Segments, $ Million, 2021- 2032
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
8 North America Crude Tall Oil Derivative Market Analysis and Outlook To 2032
8.1 Introduction to North America Crude Tall Oil Derivative Markets in 2024
8.2 North America Crude Tall Oil Derivative Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Crude Tall Oil Derivative Market size Outlook by Segments, 2021-2032
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
9 Europe Crude Tall Oil Derivative Market Analysis and Outlook To 2032
9.1 Introduction to Europe Crude Tall Oil Derivative Markets in 2024
9.2 Europe Crude Tall Oil Derivative Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Crude Tall Oil Derivative Market Size Outlook by Segments, 2021-2032
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
10 Asia Pacific Crude Tall Oil Derivative Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Crude Tall Oil Derivative Markets in 2024
10.2 Asia Pacific Crude Tall Oil Derivative Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Crude Tall Oil Derivative Market size Outlook by Segments, 2021-2032
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
11 South America Crude Tall Oil Derivative Market Analysis and Outlook To 2032
11.1 Introduction to South America Crude Tall Oil Derivative Markets in 2024
11.2 South America Crude Tall Oil Derivative Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Crude Tall Oil Derivative Market size Outlook by Segments, 2021-2032
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
12 Middle East and Africa Crude Tall Oil Derivative Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Crude Tall Oil Derivative Markets in 2024
12.2 Middle East and Africa Crude Tall Oil Derivative Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Crude Tall Oil Derivative Market size Outlook by Segments, 2021-2032
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Eastman Chemical Company
Forchem Oyj
Ingevity
Kraton Corp
Les Dérives Résiniques Et Terpéniques
Mercer International Inc
Neste
Ooo Torgoviy Dom Lesokhimik
Pine Chemical Group Oy
Segezha Group
Sunpine AB
UPM
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Fraction
Tall Oil Pitch (TOP)
Tall Oil Rosin (TOR)
Distilled Tall Oil (DTO)
Tall Oil Fatty Acid (TOFA)
By End-User
Automotive
-Bio-diesel (fuel)
-Lubricant
-Tire Manufacturing (rubber)
Specialty Chemicals & Petrochemicals
-Plastics
-Metalworking Fluids
-Soap & Detergents
-Coatings
-Printing inks
-Paper Sizing
-Adhesives
Oil & Gas and Mining
-Oil Drilling
-Mining flotation
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Crude Tall Oil Derivatives Market Size is valued at $2.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 3.6% to reach $2.9 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Eastman Chemical Company, Forchem Oyj, Ingevity, Kraton Corp, Les Dérives Résiniques Et Terpéniques, Mercer International Inc, Neste, Ooo Torgoviy Dom Lesokhimik, Pine Chemical Group Oy, Segezha Group, Sunpine AB, UPM
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume