Global Tall Oil Rosin Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Printing Ink, Rubber, Adhesive, Paper Sizing), And By Geography - Forecasts From 2020 To 2025

Published:  Jun 2022 Report Code: KSI061613779 Pages: 129

The global tall oil rosin market is projected to grow at a CAGR of 4.14% to reach US$707.114 million in 2027, which was valued as US$532.387 million in 2020.

The paper and pulp industry are considered one of the most important applications used by the tall oil rosin. Furthermore, its use is expanding in other applications such as adhesives to improve tack power, rubbers, and inks. Moreover, its usage is also increasing in other applications such as adhesives to improve its tack power, rubbers, and inks. It is even used as an emulsifier with asphalt, used to make roads. According to the data provided by the Ministry of Economy, Trade, and Industry, the consumption of Pulp for both paper and paperboard increased from 9,466 metric tons to 9,602 metric tons in 2017, which is an increase of 136 metric tons, or an increase of 1.43%. The recovered paper was found to be 17 092 metric tonnes in 2015 and 17,231 in 2017, which is an increase of 199 metric tons or 1.16%, totaling up to 26,589 metric tonnes in 2015 and 26,864 in 2017.

Consequently, the production of paper and paperboards for different purposes, such as newsprint, was 26,228 metric tons in 2015 and increased to 26,515 in 2017. This shows that as the demand for pulp and paperboard is rising, the production is also being increased to meet the demands for different applications such as print media newspapers. This, in turn, increased the demand for tall oil rosins for use as printing inks and is bolstering the market’s growth.

The demand for tall oil fatty acids is increasing further since it is a vegetarian-friendly product and is also an affordable compound used in place of tallow fatty acids to produce soaps and lubricants.

In the context of soaps and lubricants production, the product used to carry out this process is tallow fatty acids, which are considered one of the substitutes for tall oil fatty acids. However, as the tall oil fatty acids are a more cost-effective and vegetarian-friendly solution, they are increasingly used in tallow fatty acids. This factor also leads to a rise in the demand for tall oil rosins and causes a surge in the market’s growth over the forecast period.

Product launches and product offerings by major Tall Oil Rosin Market players Product launches and product offerings by Major Market Players in the Tall Oil Rosin Market

Furthermore, the rising interest among the market players to effectively increase their profits, launch, and offer better tall oil rosin products is causing them to get involved intensely in the market to contribute to the market's growth over the forecast period.   

Foreverest Resources Ltd. is one of the companies involved in the manufacture and provision of different types of chemicals for catering to different types of applications in various end-user industries. It also offers Tall Oil rosin under its product portfolio. Its product is called the “Tall Oil Rosin X Grade.” This product has been synthesized by carrying out the vacuum distillation process on tall crude oil and appears to be a mixture of abietic, dehydroabietic, palustric, and neoabietic resin acids. This product is available in a galvanized iron drum packaging, weighing about 225kg. It can be used as a supplement to alkyd resins in the production of hard and shiny lacquer paint coatings, rubber goods, and soldering processes in the electronics industry, among other things. It can be used in various applications such as a supplement to alkyd resins for producing hard and shiny lacquer paint coatings, producing rubber goods, and soldering the process in electronics industries, among others.

Forchem Oyj, which is considered one of the leading companies dealing with the provision of different types of tall oil derivatives and products such as distilled tall oil, and tall oil fatty acids, also provides tall oil rosins. There are two types of tall oil rosins available, and they are called the “TOR FOR85” and “TOR FOR90”. The first product is a type of un-distilled tall oil rosin product that contains the right content of abietic type rosin aids. It is increasingly suitable for different applications such as printing ink binders, rubber production, and adhesive resins, among others. However, the latter product contains high amounts of abietic type rosin acid and is also referred to as unmodified tall oil rosin. It is used for purposes such as printing ink binders and adhesive resins.

The North American region is estimated to hold a significant share due to the well-developed chemical industry and the rising usage in adhesive applications. On the other hand, the Asia Pacific region is poised to show modest growth due to the rising usage of tall oil in perfumes and the flouring paper and pulp industry industries.

The North American region is estimated to hold a significant share over the forecast period owing to the fact that the chemical industry is well established in the counties such as the US, and there is an increasing amount of investment being made to accelerate the development of the manufacturing industry and the product quality. This leads to the use of tall oil rosins in adhesives as binding agents to make their effect more profound and improve their tack, which is referred to as the sticking power of the adhesive.

The Asia Pacific region, on the other hand, is poised to show modest growth over the forecast period owing to the flourishing cosmetics and beauty products industry in countries such as China, as the tall oil rosins are increasingly being used to manufacture soaps and perfumes. Moreover, its use as a coating for consumer ethnic electronics also facilitates the increase in the region’s market share as the consumer electronics industry in China is booming. Another factor contributing to the region's growth is the increasing production of pulp and paper in countries such as Japan.

Covid-19 Impact

The virus has severely harmed the tall oil rosin production industry, halting manufacturing and factory processes. It all began in China, the global hub for the source of raw materials to businesses, and then spread throughout the product supply chain. Furthermore, the United Nations Conference on Trade and Development said that they saw a drop in production company's business due to factory shutdown. As a result of the COVID-19 outbreak, global funding in the tall oil Rosin production sector was declined. Demand for tall oil rosin has been diminished of this scenario, particularly in 2020.

Recent Developments

April 2022, Eastman Chemical Company and certain of its subsidiary companies announced the completion of the previously disclosed sale of its adhesives resins business to Synthomer plc. The product offerings that were sold included hydrocarbon resins pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins, which were originally part of Eastman's Additives & Functional Products segment.

November 2021, AOM's partnership with ALPI to retrieve domestic used cooking oil in Buenos Aires City and convert it to biodiesel.  The goal is two-fold: to cut the levels of wasted oil, one of the most significant water toxins in urban areas, and to endorse ALPI.

Global Tall Oil Rosin Market Scope:

Report Metric Details
 Market size value in 2025  US$657.192 million
 Growth Rate  CAGR of 3.13% during the forecast period
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Application, And Geography
 Companies covered  Forchem Oyj, Foreverest Resources Ltd., Eastman Chemical Company, Stora Enso,   Ingevity, KRATON CORPORATION, Sunpine AB, OleoChemicals
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Application
    • Printing Ink
    •  Rubber
    •  Adhesive
    • Paper Sizing
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the global tall oil rosin market size by 2025?
A1. The global tall oil rosin market is projected to reach a market size of US$657.192 million by 2025. 


Q2. How is the global tall oil rosin market segmented?
A2. Tall Oil Rosin Market has been segmented by application and geography. 


Q3. What are the growth prospects for the tall oil rosin market?
A3. The tall oil rosin market is projected to grow at a CAGR of 3.13% over the forecast period. 


Q4. What factors are anticipated to drive the tall oil rosin market growth?
A4. The demand for tall oil fatty acids is increasing further owing to the fact that it is a vegetarian-friendly product and is also an affordable compound that is used in place of tallow fatty acids for the production of soaps and lubricants. 


Q5. Which region holds the largest market share in the tall oil rosin market?
A5. The North American region is estimated to hold a notable share over the forecast period owing to the well develop chemical industry and the rising usage in adhesive applications.

1. Introduction
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Tall Oil Rosin Market Analysis, By Application (US$ Million, K tons)
5.1. Introduction
5.2. Printing Ink
5.3. Rubber 
5.4. Adhesive 
5.5. Paper Sizing

6. Global Tall Oil Rosin Market Analysis, By Geography (US$ Million, K tons)
6.1. Introduction
6.2. North America
6.2.1. United States
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Others
6.4. Europe
6.4.1. UK
6.4.2. Germany
6.4.3. France
6.4.4. Spain
6.4.5. Others
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. United Arab Emirates
6.5.3. Israel
6.5.4. Others
6.6. Asia Pacific
6.6.1. Japan
6.6.2. China
6.6.3. India
6.6.4. South Korea
6.6.5. Thailand
6.6.6. Indonesia
6.6.7. Taiwan 
6.6.8. Others

7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix

8. Company Profiles 
8.1. Forchem Oyj
8.2. Foreverest Resources Ltd.
8.3. Eastman Chemical Company
8.4. Stora Enso
8.5. Ingevity
8.6. KRATON CORPORATION
8.7. Sunpine AB
8.8. AOM

Forchem Oyj

Foreverest Resources Ltd.

Eastman Chemical Company

Stora Enso

Ingevity

KRATON CORPORATION

Sunpine AB

AOM

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