The Global Crude Tall Oil Market is driven by Rapid Industrialization
The Global Crude Tall Oil Market is estimated to be valued at US$ 1.93 BN in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Crude Tall Oil market include Citec Group Oy Ab, Ingevity Corporation, Georgia-Pacific Chemicals, Forchem Oyj, and Kraton Corporation. Citec Group Oy Ab is one of the leading producers and suppliers of Crude Tall Oil in Europe.
The growing construction and infrastructure development activities are fueling the demand for emulsifiers, surfactants, and other chemicals where Crude Tall Oil Market Demand is used as a raw material. Countries like China, India, Indonesia are witnessing rapid urbanization which is positively impacting the growth of the Crude Tall Oil market.
Major players are focusing on expanding their production capacities and geographical presence across regions with high growth potential such as Asia Pacific and Middle East & Africa. For instance, Ingevity Corporation is constructing a new production plant in China to cater to the growing demand in the region.
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