Press release
Tallow Fatty Acids Market Forecast by Key Players: AkzoNobel, BASF, Emery Oleochemicals, Godrej Industries, Vantage Oleochemicals, LG Household and Healthcare, Chemol., FerroMac International, Colgate Palmolive, Chemithon
Global Market Insights
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Escalating plastic and rubber demand various end-user businesses such as automotive, construction, packaging and electronics is another factor propelling the global tallow fatty acids market size in the coming years. In the rubber and plastic industry, the product is used as anti-tacking and vulcanization agents in order to enhance their lubricating, gelling, stabilizing and anti-caking properties.
The global tallow oil fatty acids market size is negatively influenced by strong product substitution threat offered by palm oil. In addition, drifting manufacturers focus towards manufacturing soaps, detergents and personal care products by vegetable oil on account of low cost involved in its production along with decent characteristics shall hamper the global tallow fatty acids market size by 2024.
Saturated tallow fatty acids market share is likely to experience growth overs 2% over the forecast timeframe. The product is chiefly used in rubber & plastics processing and in manufacturing soaps & detergents, pharmaceuticals and oilfield chemicals. Thus, robust demand for the abovementioned products will ultimately boost the industry growth by 2024. In 2016, monounsaturated led the global tallow fatty acids market share. Considerable product in cosmetics and soaps manufacturing was the major factor attributing industry growth.
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Partial Chapter of the Table of Content
Chapter 3. Tallow Fatty Acids Industry Insights
3.1. Industry segmentation
3.2. Industry growth landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Strong product demand in manufacturing soaps & detergents
3.4.1.2. Positive growth indicators in the rubber & plastic industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Increasing focus towards vegetable oil use over the product
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy dashboard
3.8.2. Patent landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
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Despite, North America & Europe being the leading regions in the global tallow fatty acids industry, the growth rate exhibited by Asia Pacific is also worth appreciable. Strong growth trends in the region’s end-use industries such as construction, electronics, and automotive have played a vital role in the markets coup. Scaling up of automobile sales in this region particularly in Japan, China, and India have boosted the demand of tallow fatty acids market for its rubber applications. Furthermore, the proliferating FMCG sector in the region have contributed as a prime factor driving the industry growth.
The trend of using vegetable oils instead of tallow fatty acids has greatly influenced the provinces of Asia Pacific. Potential threat offered by palm oil as a substitute for tallow fatty acid is likely to create a formidable obstacle for the overall tallow fatty acids industry outlook. Nevertheless, rising applications of tallow fatty acids in personal care, food & beverage, and pharmaceutical industries will create lucrative growth prospects for the tallow fatty acids market in the coming years.
Emery Oleochemicals, Godrej Industries, FerroMac International, Colgate Palmolive, Baerlocher GmbH, H Foster & Co Ltd., AkzoNobel, BASF SE, Vantage Oleochemicals, Twin Rivers Technologies, LG Household and Healthcare, Chemithon Enterprises, Acme-Hardesty, and Chemol Company, Inc. are some of the notable participants of the industry, accumulating major tallow fatty acids market share.
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