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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:
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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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