Press release
Tall Oil Fatty Acid Market to cross USD 1bn By 2024 | Key Players: Lintech International, Arizona Chemical Company, Georgia Pacific, Harima Chemicals, and Forchem
Tall Oil Fatty Acid Market
The product is employed in the manufacturing of cleaners & detergents. Rapid increase in demand for cleaning products will augment the tall oil fatty acid market during the forecast years. Cleaning products industry is anticipated to grow by 5% CAGR till 2024 and its value is anticipated to cross USD 100 billion in that period. Industrial development coupled with awareness towards workplace and household cleanliness are the major factors driving the cleaning products industry and will in turn augment the tall oil fatty acid market.
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Tall oil fatty acid market application segmentation consists of dimer acids, alkyd resins, fatty acid esters, and other applications. Fatty acid esters application is anticipated to grow by about 4% CAGR in the forecast years. This segment will occupy about one fourth of the total market by 2024. Fatty acid esters find wide applications in personal care product manufacturing.
Growth drivers are
1. Booming oil field applications in North America & Middle East
2. Rising soaps & detergents industry
Tall oil fatty acids market is segmented into three products namely oleic acid, linoleic acid, and other types including stearic acids, unsaponifiables, palmitic acids, and others. Oleic acid is anticipated to occupy a considerable share and this share will likely increase at a healthy rate during the forecast period due to its use in soaps, oil rigs and fuels. Linoleic acid segment is anticipated to grow by a CAGR of about 4.5%. This segment has a substantial share of global tall oil fatty acid market due to its usage in adhesives, paints, coatings, etc.
Soap & detergents, coatings, lubricants, plastics, fuel additives, metal working fluid are the major end-user segments of tall oil fatty acid market. Metal working fluids, fuel additives and lubricants are the most lucrative end-use industries. All these segments will likely grow with a CAGR above 4%. Coatings and plastics end-user segments are anticipated to register a combined revenue of around USD 350 million by the end of the forecast period.
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Europe is anticipated to be a prominent tall oil fatty acid market as other organic fatty acids are not commonly found there. Europe is expected to occupy about one third of total market by 2024. North America had around 40% share of the total tall oil fatty acid market in 2015 and will continue to be an important region for the industry growth.
Table Of Content For This Research Report:
Chapter 3. Tall Oil Fatty Acid Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 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. Booming oil field applications in North America & Middle East
3.4.1.2. Rising soaps & detergents industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Lack of awareness in Asia Pacific
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. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
Chapter 4. Tall Oil Fatty Acid Market, By Product
4.1. Global tall oil fatty acid market share by product, 2016 & 2024
4.2. Oleic acid
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Linoleic acid
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Others
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/tall-oil-fatty-acid-market
Global tall oil fatty acid market is extremely consolidated with Arizona Chemical Company, Lintech International, Forchem, Georgia Pacific, and Harima Chemicals occupying more than 70% of the total share. Other important players are Eastman Chemical, Florachem Corporation, Chemical Associates, Segezha Pulp and Paper Mill, Kraton Corporation, OOO Torgoviy Dom Lesokhimik, BASF SE, Shaxian Lixin Resin, Industrial Oleochemical Products, Pasand Speciality Chemical, and others.
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Corporate Sales, USA
Global Market Insights, Inc.a
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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.
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