Press release
Tallow Fatty Acids Market Opportunity Assessment 2017-2024 | Growth Analysis Report by Top Key Players LG Household & Health Care, Ltd., Emery Oleochemicals, Colgate-Palmolive, Baerlocher USA, Acme-Hardesty, Co., BASF, AkzoNobel, VVF Group, Godrej & Boyce
Tallow Fatty Acids Market
It is expected to record a CAGR of over 7% during the period from 2017 to 2024, subject to strict government policies promoting clean & hygiene environment across the manufacturing and food & beverages sector. This will offer lucrative prospects for the industry players to expand their business across the globe. Global Market Insights, Inc., state that tallow fatty acids industry revenue, which is estimated to cross the USD 3 billion by 2024, will grow at a rate of more than 2.5% over 2017 to 2024.
The overall Tallow Fatty Acids Market has been displaying a steadfast growth path, especially in these recent years, as the soaps and detergents products exhibited the highest demand. Tallow fatty acids are basically derived from animal fats, which provides superior conditioning properties and creamy lather and are therefore, widely used in manufacturing of soaps and detergents.
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Industry impact forces
• Growth drivers
1. Strong product demand in manufacturing soaps & detergents
2. Positive growth indicators in the rubber & plastic industry
• Industry pitfalls & challenges
3. Increasing focus towards vegetable oil use over the product
The growth of tallow fatty acids industry is also witnessing a spur, owing to the escalating market of cleaning products. As per statistics, in 2013, the global cleaning product market collected revenue worth USD 60 billion and is estimated to surpass USD 100 billion by 2024. A report on Tallow fatty acids market by Global Market Insights, Inc., specified that this market was worth USD 2.5 billion in 2016 and is projected to cross USD 3 billion by 2024 growing at an annual rate of 2.5% over the period of 2017-2024.
Tallow Fatty Acids Market By Product
o Saturated
• Stearic acid
• Myristic acid
• 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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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.
Tallow fatty acids industry size in soaps & detergents sector, which was evaluated at over USD 500 million in 2016, is anticipated to experience an enormous expansion in the near future. The growth can be ascribed to rising use of the product in the manufacture of soaps & detergents as a result of its outstanding moisturizing & conditioning characteristics.
Rubber applications are expected to expand at the rate of more than 2% over the coming seven years, subject to the growing use of the product as vulcanizing and anti-tacking agent in the rubber processing sector. It is worth mentioning that the use of the product to enhance the adhesion property of rubber used for manufacturing tires will boost its popularity in the automotive sector.
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.
Browse key industry insights report, “Tallow Fatty Acids Market Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/tallow-fatty-acids-market
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.
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.
Browse Related Report : https://www.gminsights.com/industry-analysis/palm-kernel-oil-and-coconut-oil-based-natural-fatty-acids-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://headlinenewsnation.com
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