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Global Tall Oil Rosin Market is Expected to Grow at a CAGR of 3% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Tall Oil Rosin Market Report and Forecast 2020-2025’, the global tall oil rosin market is projected to grow at a CAGR of 3% in the forecast period of 2020-2025.

Europe is a key tall oil rosin market owing to the presence of key production facilities. The European market is being aided by the economies such as Finland, Sweden, Austria, and France due to the growing demand for flexible packaging, which requires adhesives and printing inks that are manufactured from tall oil rosin. North America is also a leading market for tall oil rosin, with the United States accounting for a significant proportion of the global output and export of the product. Based on application, the adhesives segment is a significant application segment in the market. Factors propelling the rising use of tall oil rosin in the adhesive segment include the wide application of adhesives in several sectors, such as packaging, automotive, and construction, among others.

The growth of the global tall oil rosin market is also driven by the growing competition and the rising M&A activities among the key players. In March 2018, Ingevity Corporation (NYSE: NGVT), a major player in the industry, announced the completion of its acquisition of Georgia-Pacific’s pine chemicals business. This acquisition has aided the growth of Ingevity in the tall oil rosin market as Georgia-Pacific’s pine chemicals business manufactured and sold pine-based tall oil fatty acids, tall oil rosin, and tall oil rosin esters, thus, expanding the company’s tall oil rosin portfolio.

Market Analysis by Distillation Process, Application, and Region:

  • The market on the basis of distillation process can be divided into tall oil fatty acids (TOFA), tall oil heads, distilled tall oil, tall oil rosin, and tall oil pitch.
  • Based on application, the industry can be divided into fuel additives, mining chemicals, adhesives, coatings and inks, rubber, and emulsifier, among others.
  • The regional markets for tall oil rosin include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for bio-based solvents, lubricants, and surfactants is driving the global tall oil rosin market growth.
  • Rising awareness and concerns related to biodegradability and toxicity of fossil oil-based chemical products is a major factor aiding the growth of the market.
  • Increasing M&A activities and collaborative partnerships are major trends driving the market growth.
  • The growth in the product’s use as an alternative to gum rosin has significantly aided the market growth.
  • The steady growth in demand for tackifier resins is providing an impetus to the tall oil rosin market growth.
  • The increasing demand from the rubber industry is also driving the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global tall oil rosin market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the distillation processes, applications, and major regions of tall oil rosin. 
  • It assesses the regional price trends for the (2015-2019) and (2020-2025) periods. 
  • The market report also analyses the trade data by covering the major importing and exporting countries
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global tall oil rosin market are Ilim Group, Harima Chemicals Group Inc., Ingevity Corp., Kraton Corporation, and Sunpine AB, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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