The Global Tall Oil Market was valued at USD 2.75 Billion in 2024 and is projected to reach USD 4.02 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This substantial growth is driven by the rising demand for sustainable and bio-based raw materials across industries like adhesives, paints & coatings, lubricants, and surfactants, as companies seek viable alternatives to petroleum-derived chemicals.

As the global economy intensifies its focus on circularity and sustainability, the spotlight turns to the key producers who are transforming a pulping by-product into a valuable commodity. In this blog, we profile the Top 10 Companies in the Tall Oil Industry—a diverse group of chemical specialists, pulp & paper giants, and biorefining innovators shaping the future of bio-based chemicals.

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🔟 1. Kraton Corporation

Headquarters: Houston, Texas, USA
Key Offering: Tall Oil Rosin, Tall Oil Fatty Acids (TOFA), Distilled Tall Oil (DTO)

Kraton Corporation is a leading global producer of sustainable polymers and high-value performance products derived from crude tall oil (CTO). They utilize advanced fractionation technologies to separate CTO into various chemical streams that serve the adhesives, road marking, and rubber industries, among others.

Sustainability Initiatives:

• Investment in bio-based and circular product lines

• Development of CTO-based tackifiers and modifiers for sustainable adhesives

• Commitment to reducing the carbon footprint of its product portfolio

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9️⃣ 2. Ingevity Corporation

Headquarters: North Charleston, South Carolina, USA
Key Offering: Tall Oil Pitch, Tail Oil-based Chemical Intermediates

Ingevity specializes in purifying, upgrading, and marketing tall oil-based chemical products. Their primary focus is on tall oil pitch, a key raw material used in producing carbon black dispersants, asphalt emulsifiers, and foundry resins. Ingevity’s expertise lies in creating high-value applications for CTO fractions.

Sustainability Initiatives:

• Focus on renewable and bio-based chemical solutions

• Development of environmentally friendly industrial applications for tall oil derivatives

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8️⃣ 3. Metsä Group (Metsä Fibre)

Headquarters: Espoo, Finland
Key Offering: Crude Tall Oil (CTO)

Metsä Group, through its subsidiary Metsä Fibre, is one of Europe’s largest pulp producers and a significant supplier of Crude Tall Oil. Sourced from sustainably managed Nordic forests, their CTO is a key feedstock for the growing biorefining industry, particularly for producing biofuel precursors.

Sustainability Initiatives:

• All wood raw material traceable to sustainable origins

• Partnerships with biorefineries to valorize pulping side streams

• Commitment to resource efficiency and a fossil-free future

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7️⃣ 4. Georgia-Pacific Chemicals LLC

Headquarters: Atlanta, Georgia, USA
Key Offering: Tall Oil Rosin, Dimer Acids, Disproportionated Rosin

A subsidiary of Koch Industries, Georgia-Pacific Chemicals is a major player in the tall oil derivatives market. They produce a wide array of chemicals from CTO, including rosins for adhesives and inks, and dimer acids used in polyamide resins for hot-melt adhesives and corrosion inhibitors.

Sustainability Initiatives:

• Integration of bio-based raw materials into diverse chemical product lines

• Focus on enhancing the performance and sustainability of industrial adhesives and coatings

Download FREE Sample Report: Tall Oil Market – View in Detailed Research Report

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6️⃣ 5. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Tallate esters, Rosin Esters

Eastman utilizes tall oil derivatives as building blocks for its specialty chemicals portfolio. Their tallate esters are used as plasticizers and lubricant additives, while rosin esters are critical components in adhesives, coatings, and inks, offering superior performance derived from renewable sources.

Sustainability Initiatives:

• Strategic focus on circular economy and sustainable materials

• Development of bio-based alternatives for various industrial applications

• Targets for increasing the use of recycled and renewable content

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5️⃣ 6. Forchem Oy

Headquarters: Rauma, Finland
Key Offering: Distilled Tall Oil (DTO), Tall Oil Rosin, TOFA

Forchem is a leading European refiner of Crude Tall Oil. Operating one of the largest standalone tall oil refineries in the world, the company specializes in fractionating CTO into high-purity products like tall oil rosin, fatty acids, and sterols. Forchem is a key supplier to the global chemical industry.

Sustainability Initiatives:

• Production of 100% bio-based and biodegradable chemical products

• Focus on maximizing the value of a side-stream from the pulp industry

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4️⃣ 7. UPM Biofuels

Headquarters: Helsinki, Finland
Key Offering: Crude Tall Oil for biofuel production, UPM BioVerno

UPM Biofuels is a pioneer in advanced biofuels, using Crude Tall Oil as a primary feedstock to produce renewable diesel, UPM BioVerno, at its world-class biorefinery in Lappeenranta, Finland. This positions them uniquely at the intersection of the pulp and bioenergy sectors.

Sustainability Initiatives:

• Production of low-emission, high-quality renewable fuels from sustainable wood-based biomass

• Significant contribution to reducing GHG emissions in the transport sector

• Leadership in the circular bioeconomy

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3️⃣ 8. Stora Enso

Headquarters: Helsinki, Finland
Key Offering: Crude Tall Oil (CTO)

As a major global provider of renewable solutions in packaging, biomaterials, and wooden construction, Stora Enso is a key supplier of Crude Tall Oil from its integrated pulp and paper mills. They channel CTO to specialty chemical and biofuel producers, supporting the broader bio-based value chain.

Sustainability Initiatives:

• Core business model based on renewable and recyclable materials

• Active in developing new applications for side streams like tall oil

• Goal to offer 100% regenerative solutions by 2050

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2️⃣ 9. Mercer International Inc.

Headquarters: Vancouver, Canada
Key Offering: Crude Tall Oil (CTO)

Mercer International is a global forest products company with pulp mills in Germany and Canada. They are a significant producer of Crude Tall Oil, which they sell as a key bio-based feedstock to the chemical and biofuel industries, capitalizing on the growing demand for non-fossil raw materials.

Sustainability Initiatives:

• Operation of energy self-sufficient pulp mills

• Promotion of circular economy principles by valorizing pulping by-products

• Certification of sustainable forestry practices

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1️⃣ 10. SunPine AB

Headquarters: Piteå, Sweden
Key Offering: Tall Oil Diesel (TOD), Crude Tall Oil derivatives

SunPine is a specialized biorefinery that converts Crude Tall Oil into Tall Oil Diesel, a renewable fuel intermediate, and other tall oil-based products. Their innovative process exemplifies the successful industrial-scale upgrading of a forest industry residue into high-value, sustainable products.

Sustainability Initiatives:

• Dedicated production of renewable fuel components from a sustainable feedstock

• Strategic partnerships with fuel producers like Preem to decarbonize transportation

• Significant reduction in carbon footprint compared to fossil-based alternatives

Get Full Report Here: Tall Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tall Oil Is Integration and Valorization

The tall oil market is entering a phase of strategic expansion and innovation. While traditional applications like alkyd resins and dimer acids continue to provide a stable demand base, the industry’s growth is increasingly fueled by the push for bio-based alternatives and the circular economy.

📈 Key Trends Shaping the Market:

• Rising demand for tall oil as a feedstock for second-generation biofuels, particularly renewable diesel.

• Expansion of biorefining capacities in Scandinavia and North America to process CTO.

• Increased R&D into novel applications for tall oil derivatives in plastics, construction chemicals, and personal care.

• Vertical integration between pulp producers and chemical companies to secure supply chains and create value.

Get Full Report Here: Tall Oil Market – View in Detailed Research Report

The companies listed above are not just processing a by-product—they are pioneering a more sustainable chemical industry by unlocking the potential of a renewable resource.