Press release
CTO Distillation Market Size, Share, Development by 2023
Crude Tall Oil (CTO) is a by-product of the kraft pulping process used by many paper mills. Tall oil soap is collected at the mills and then acidulated to make crude tall oil. It is a mixture of fatty acids, rosin and Rubber neutral materials and forms water-in-oil emulsions and stabilizes mud systems at high bottom-hole temperatures. The CTO can then be further refined through the fractionation process to separate it into the components of tall oil fatty acid, tall oil rosin, distilled tall oil, pitch and heads. (GP-CTO).
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Global CTO Distillation Market: Forecast by Type / Application / Region
The world consumption of CTO distillation increased from 1385.6 K MT to 1549.4 K MT by 2016. The CAGR is about 2.83%. North America is the largest consumption area of CTO distillation by volume in 2016 with 36.21% of global total consumption volume share. Europe and Asia-Pacific are the following with 27.27% and 19.83% by share.
China and Japan are the leading countries of Asia-Pacific in the CTO distillation consumption. They each have 77.83 million USD and 62.51 million USD consumption of CTO distillation. Korea and Southeast Asia countries are the following. They took 13.70% and 14.76% of Asia-Pacific total revenue in share in 2016. The market of CTO distillation in Asia-Pacific had increased from 296.44 million USD in 2012 to 311.19 million USD by 2016. The CAGR is 1.21%.
Over the next five years, LPI(LP Information) projects that CTO Distillation will register a 1.9% CAGR in terms of revenue, reach US$ 1860 million by 2023, from US$ 1690 million in 2017.
Global CTO Distillation Market: Key Players
Kraton
Westrock (Ingevity)
Forchem
Georgia-Pacific
Eastman
Harima
OOO Torgoviy Dom Lesokhimik
Lascaray
Segezha Group
IOP
DRT
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Related Information:
United States CTO Distillation Market Research Report 2018
Europe CTO Distillation Market Research Report 2018
North America CTO Distillation Market Research Report 2018
Asia-Pacific CTO Distillation Market Research Report 2018
China CTO Distillation Market Research Report 2018
EMEA CTO Distillation Market Research Report 2018
Global CTO Distillation Market Research Report 2018
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