Rockville, MD, Feb. 20, 2025 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global tall oil pitch (TOP) market is estimated to reach a valuation of US$ 187.2 million in 2024 and is expected to grow at a CAGR of 3.7% during the forecast period of (2025-2035).
Tall oil pitch (TOP) market have correlation with a rapidly rising demand for sustainable and eco-friendly materials as the industries are operating about the “green” advantage. Tall oil pitch is a renewable by-product present in the wood pulping process.
The material is perfectly in alignment with an increasing manageability surging toward green substitute in a large number of applications. More consumers and industries are keen to go into the real demand for bio-based products rather than oil-derived materials. In the field of construction, automobile, and personal care by industries continue to remain on a lookout for sustainable solutions, tall oil pitch finds apt usage as a prime ingredient in adhesives, coatings, and surfactants. Apart from the advantages mentioned, the unique properties of tall oil pitch aid in the enhancement of product performance without increasing the carbon footprint. There is the application in regulatory rules and incentive for utilization of renewable resources that promotes the usage of tall oil pitch.
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Key Takeaways from Market Study
- The global Tall oil pitch(TOP) market is projected to grow at 7% CAGR and reach US$ 278.1 million by 2035
- The market created an absolute opportunity of US$ 84.7 million growing at a CAGR of 7% between 2025-2035
- North America is a prominent region that is estimated to hold a market share of 4% in 2034
- Adhesives application under Industry is estimated to grow at a CAGR of 4% creating an absolute opportunity of US$ 13.3 million between 2025 & 2035.
- North America and Western Europe are expected to create an absolute opportunity of US$ 48.2 million collectively
“Adoption across various industries, and technological advancement in applications will drive the market” says a Fact.MR analyst.
Leading Players Driving Innovation in the Tall Oil Pitch (TOP) Market
Key players in the Tall Oil Pitch (TOP) market are Pine Chemical Group, Domtar Corporation, Georgia-Pacific LLC, Harima Chemicals Group, Kraft Chemical Company, Kraton Corporation, Metsa Group, Mondi Group, Norske Skog, Sappi Lanaken Mill, Södra Skogsägarna, Stora Enso, UPM-Kymmene.
Market Development
Global Tall oil pitch (TOP) market key players are focusing on expansion activities, technological advancement, product innovations, strategic partnerships and collaborations, and regulatory compliances to acquire significant share in the industry.
For example, on March 2024, A Brazilian pine chemicals group has agreed to acquire Pinopine, a Portuguese gum rosin derivatives producer. Which will lead to enhancement in production and improvement in technology.
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Tall Oil Pitch (TOP) Industry News:
- Around 200,000 tonnes of renewable fuel will be produced in Sweden from tall oil after the Gothenburg refinery’s development is finished, according to a renewable fuel production venture backed by St1 that will begin in May 2024.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global tall oil pitch (TOP) market, presenting historical data for 2019 to 2023 and forecast statistics for 2025-2035.
The study reveals essential insights on the basis of the Application (Adhesives, Coatings, Surfactants, Biofuels, Others), End-Use Industry (Construction, Automotive, Personal Care, Pulp and Paper, Chemical Manufacturing), Form (Liquid and Solid) and across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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