Crude Tall Oil Derivatives Market Size, Share, Future Prospects and Forecast 2020-2026

Crude tall oil derivative market is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The key aspects that contribute towards the growth of the crude tall oil derivative market include rise in consumption of tall oil, owing to its growing usage in several industries such as automotive, specialty chemicals & petrochemicals, and oil & gas mining, among others. The increasing per capita income, the rising population that consumes the products of these industries are the major factors contributing to the growth of the market.

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Moreover, the rising inclination of consumers towards sustainable and environment-friendly products along with the presence of stringent rules and regulations regarding the use of chemicals is anticipated to enhance the growth of the crude tall oil derivative market across the globe. Biofuels made from the crude tall oil derivative are highly preferred to reduce the emission of harmful gases in the environment which in turn is anticipated to drive the growth of the market across the globe. However, the high cost associated with the bio components may restrain the growth of the market.

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Global Crude Tall Oil Derivatives Market Segmentation

By Fraction
• Tall Oil Pitch
• Tall Oil Rosin
• Distilled Tall Oil
• Tall Oil Fatty Acid

By End-User Industry
• Automotive
• Specialty Chemicals & Petrochemicals
• Oil & Gas Mining
• Other

Regional Analysis
• North America
o US
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• Eastman Chemical Company
• Foreverest Resources, Ltd.
• Ingevity Corp.
• Kraton Corp.
• Les DérivesRésiniques Et Terpéniques
• Lintech International, LLC
• Mercer International, Inc.
• Neste Corp.
• OooTorgoviy Dom Lesokhimik
• Respol Group

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This release was published on openPR.