Market Size of Tall Oil Rosin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tall Oil Rosin Market Analysis
The Global Tall Oil Rosin Market is projected to register a CAGR of less than 5% during the forecast period (2022-2027).
COVID-19 negatively impacted the market in 2020. The COVID-19 pandemic is affecting the tall oil rosin market because of the global slowdown of the world economy. During the pandemic, many factories responsible for raw material production, mainly crude tall oil, for tall oil rosin were shut down. There was also lower demand for pine chemicals and sectors like printing, paper & pulp industries are on temporary hold. In the printing industries, tall oil rosin is used as a rubber emulsifier to increase alkyd resin coatings' strength and gloss. Also, it is used as binders, emulsifiers, and sealants. Due to such various applications, the demand for tall oil rosin is increasing.
- Over the short term, rising demand for renewable rosins for pulp and paper, and hygiene products such as cleansers, sanitary napkins, and face-masks, increasing demand for cost-effective & vegetarian-friendly products are some of the driving factors which are stimulating the market demand.
- Requirement of several times taking & a lengthy distillation process of tall oil rosin hindering the market's growth.
- The continued emergence of new adhesive types across the globe and R&D in the field will likely create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
