The global Tall Oil Rosin (TOR) market has reached around 498 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.59% during the forecast period until 2035. Tall Oil Rosin is produced by Crude Tall Oil (CTO) distillation. Finland produces most of the Crude Tall Oil (CTO) at present. One of Finland's top CTO refineries, Fintoil Oy, has announced a 100-million-euro investment to build the newest CTO biorefinery in the HaminaKotka port. Environmental and construction licenses have been given for this refinery. It will have an operating capacity of 200 thousand tonnes per year. This plant is anticipated to be the 3rd biggest CTO biorefinery worldwide by the summertime of 2022.
Tall Oil Rosin is synthesized by distillation of CTO. CTO is a by-product of the kraft pulping process. Fatty acids, a few neutral substances, and rosin constitute CTO. Abietic acid, oleic acid, and linoleic acid are present in CTO. During the extraction process, pine wood chips are boiled to create an alkaline solution, producing a black liquor and the pulp. After this, the black liquor is concentrated, and the black liquor soap layer is skimmed off the top. The residual liquid is then acidified to yield CTO. CTO is further distilled into the components, which are Tall Oil Fatty Acids (TOFA), Tall Oil Rosins (TOR), Distilled Tall Oil (DTO), Tall Oil Head (TOH), and pitch.
Tall Oil Rosin is a mixture of eight rosin acids: abietic, neoabietic, levopimaric, palustric, dehydroabietic, pimaric sandracopimaric, and isopimaric acid. Moreover, up to 6% of rosin's composition is unsaponifiable constituents. Some of TOR's fascinating industrial applications are enhancing the strength and gloss of alkyd resin coatings, electronic welding, synthetic rubber synthesis, and acquiring Pentaerythritol ester and glycerol.
Since TOR is technically a component of CTO, the availability of pine trees is the primary necessity for producing TOR. Europe, Russia, and North America are the three primary continents with the most significant pine trees. Pine trees typically grow in chilly climates. Europe now produces the most pine chemicals. The European nations manufacture almost half of the Tall Oil Rosin. Finland, which has more than ten pine chem biorefineries, is the top producer of CTO in Europe.
Based on consumption, the TOR market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In the year 2021, the highest consumption was by Europe. The demand for TOR is expected to rise in the forecast years. The driving factors include the growing demand for tackifier resins throughout the globe. Apart from that, other industrial applications like adhesives and rubber emulsifiers also capture the attention of buyers. During the projected period, it is anticipated that demand from the packaging, construction, and automotive industries would propel the expansion of the global tall oil rosin market.
Based on the end-user industry, the Tall Oil Rosin market is segmented into different sectors, including adhesives, paper sizing, printing ink, rubber emulsifier, and others. However, adhesives are the largest end-user consumer of TOR. The printing ink market, another prominent end use industry of Tall Oil Rosin, is expected to hold a share of around 22% in 2022. Nonetheless, rubber emulsifier is expected to become the fastest growing industry during the forecast period.
Significant companies for Global TOR are Ingevity Corporation, Kraton Corporation, Fintoil, UPM Lappeenranta Biorefinery, Segezha Group, Södra, Mainstream Pine Products, LLC, Forchem Respole Group, and others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2035
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Objective of the Study:
• To assess the demand-supply scenario of Tall Oil Rosin which covers production, demand and supply of Tall Oil Rosin market in the globe.
• To analyse and forecast the market size of Crude Tall Oil Rosin.
• To classify and forecast Global Tall Oil Rosin market based on end-use and regional distribution.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., of Tall Oil Rosin market in the globe.
To extract data for Global Tall Oil Rosin (TOR) market, primary research surveys were conducted with CTO manufacturers as Tall Oil Rosin is produced from Crude Tall Oil. Further, manufacturers, suppliers, distributors, wholesalers, and Traders were also interviewed. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Tall Oil Rosin market over the coming years.
ChemAnalyst calculated Tall Oil Rosin demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of black liquor (raw material) to produce Crude Tall Oil Rosin which is further used to produce Tall Oil Rosin. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Tall Oil Rosin manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.