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.
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.
Fill
the form to gain deeper insights on this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18059
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).
No comments:
Post a Comment