Rosin
is resin in solid form that is obtained from plants, crude oil, wood,
and gum among others. Tall oil rosin is a major derivative and
co-product of commercially important Kraft pulping. Pulp mills are
the major suppliers of this product. When pine pulp is treated, crude
oil is obtained as a by-product. It is then further distilled and
tall oil rosin is obtained as one of the major derivatives. It finds
diverse uses in industries such as paint and varnish, pulp and paper,
rubber, chemical, and polygraphic among others. The major application
of tall oil rosin is in pulp and paper production and for obtaining
forest produce. Tall oil rosin is the prime segment among all the
derivatives obtained from tall oil. Tall oil rosin accounts for more
than one-fourth of the total crude oil derivative in the world.
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The
global market for tall oil rosin is expected to rise substantially
between 2016 and 2024. Major drivers of the global tall oil rosin
market includes moderate growth of tackifier resins. Domestic
consumption of tall oil resins in major regions such as the U.S. is
also driving the otherwise slow tall oil rosin market in a positive
way. Increasing prices of crude oil is a major factor that has
positioned tall oil rosin in a competitive spot in the binder resins
and tackifier market. The major restraint hindering market growth
includes lack of supply. Even if the demand increases moderately due
to various reasons, lack of supply of tall oil rosin is deterring
growth of the tall oil rosin market considerably. This has resulted
in a very slow and flat growth rate of the global tall oil rosin
market in recent times as supply cannot meet the demand. In addition,
limitation in terms of major application areas is another reason
which is impeding market growth.
Geographically,
the tall oil rosin market is segmented into North America, Europe,
Asia Pacific, Middle East and Africa, and Latin America. North
America is the dominant market for tall oil rosin as the region
produces this type of rosin at a global level. Europe closely follows
North America in the global market and countries such as the U.S.,
Finland, and Sweden account for about 70% of the world exports. Most
of the tall oil rosin is produced in the US. Asia Pacific is poised
to grow at a substantial rate over the forecast period. High adoption
of tall oil resin, mainly as an emulsifier coupled with increased use
of tall oil rosin in the rubber and soap industry, will give a
positive push to the market in this region.
The
global market for tall oil resin is highly consolidated in nature
with majority of the players in the U.S. The companies in this market
compete on the basis of pricing. It is anticipated that the
competition in the market will intensify further during the forecast
period due to an increase in adoption of tall oil rosin, especially
in the Asia Pacific region. Pricing strategies play a significant
role in driving the growth of this market.
Major players in the global tall oil rosin market includes Georgia-Pacific Chemicals LLC (Oregon, U.S.), Kraton Corporation (Almere, Netherlands), and Eagle Imports (Texas, U.S.). Other players in the global tall oil resin market are PAG KIMYA SAN. TIC. LTD. STI. (Istanbul, Turkey), GrantChem, Inc. (California, U.S.), LLC PK "XimProm" (Omsk, Russia), AKAY TIC SAN KOLL STI - YUKSEL AKAYLAR (Istanbul, Turkey), Fujian Qina Trading Co. Ltd. (Fujian, China), IBRAHIM WALI MOHAMMAD & CO. (Sind, Pakistan), G.C. RUTTEMAN & Co. B.V. (Rotterdam, Netherlands), MALPLAST INDUSTRIES LIMITED (Nairobi, Kenya), Akay Ticaret Ve Sanayi Koll.Sti. (Istanbul, Turkey), and Matole Ltd (Budapest, Hungary).
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