Press release
Tallow Fatty Acids Market Research - Forecast Report 2018-2024 | Key Players BASF, AkzoNobel, Colgate-Palmolive, Godrej & Boyce Mfg. Co. Ltd., VVF Group, LG Household & Health Care, Ltd., Emery Oleochemicals, Baerlocher USA
Tallow Fatty Acids Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. AkzoNobel
3. Twin Rivers Technologies
4. VVF Group
5. Godrej & Boyce Mfg. Co. Ltd.
6. Vantage Oleochemicals
7. FerroMac International
8. LG Household & Health Care, Ltd.
9. Emery Oleochemicals
10. CHEMOL surplus and expired chemicals BUYER
11. Colgate-Palmolive
12. Baerlocher USA
13. Chemithon Enterprises
14. Acme-Hardesty, Co.
15. H Foster & Co. Ltd.
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Saturated tallow fatty acids segment is expected to witness growth over 2% CAGR by 2024. The product finds applications mainly in plastics & rubber processing as well as in manufacturing oilfield chemicals, detergents & soaps and pharmaceuticals. Extensive demand from these end-use industries will subsequently fuel the growth of industry by 2024.
Monounsaturated segment had significant share in the overall tallow fatty acids market in 2016. Considerable demand in soaps and cosmetics production will be the key factor responsible for industry growth by 2024.
Tallow Fatty Acids Market By Product
o Saturated
o Stearic acid
o Myristic acid
o Palmitic acid
o Monounsaturated
o Polyunsaturated
Tallow Fatty Acids Market By End-user
o Soaps & detergents
o Rubber
o Plastics
o Personal care products
o Others
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North America contributed over 30% of the overall tallow fatty acids market share in 2016. The regional growth had been largely attributed to the favorable regulations towards safeguarding hygiene & health conditions across production facilities. Additionally, vigorous automotive production and sales in U.S. are expected to foster business growth in rubber processing and other applications associated with it.
Asia Pacific region is probable to observe maximum gains in the forecast period owing to elevating end-use industries like automotive, construction and electronics. Growth trends in the regional FMCG market. Ever-increasing automotive production and sales in India, China, Indonesia and Japan will also contribute significantly to the market growth.
In 2016, the global tallow fatty acids market was fragmented with top players recording less than 30% of the business share. Major industry contributors are AkzoNobel, BASF SE, Emery Oleochemicals, Godrej Industries, Vantage Oleochemicals, LG Household and Healthcare, Twin Rivers Technologies, Acme-Hardesty, Chemol., FerroMac International, Colgate Palmolive, Chemithon Enterprises, Baerlocher GmbH. and H Foster & Co.
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