Press release
Tall Oil Fatty Acid Market 2022 : Trends, Business Growth And Major Driving Factors | Forchem, Harima Chemicals, Georgia Pacific, Eastman, Lascaray
The global tall oil fatty acid market report by the business research company increasing demand for tall oil-based biofuel to be a major growth driver for the tall oil fatty acid market. Tall oil is a byproduct of the pulp and paper industry that is often used to produce biofuels. The tall oil-based biofuel is used in various products such as pharmaceuticals, paints and coatings, lubricants, soaps, detergents, additives and helps in reducing greenhouse gas emissions and increasing the reusability of used materials. For instance, according to a report by Lubes and Greases, the demand for transportation-grade crude tall oil-based biofuels is anticipated to rise from 320,000 tons per year in 2019 to 880,000 tons per year in 2030. Therefore, the increasing tall oil-based biofuel is expected to boost the growth of the tall oil fatty acid market.The global tall oil fatty acid market size is expected to grow from $907.47 million in 2021 to $980.5 million in 2022 at a compound annual growth rate (CAGR) of 8.0%. The global tall oil fatty acid market size is expected to grow to $1,149.14 million in 2026 at a CAGR of 4.0%.
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North America was the largest region in the tall oil fatty acid market in 2021. The regions covered in the global tall oil fatty acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the tall oil fatty acid market are Forchem, Harima Chemicals, Georgia Pacific, Eastman, Lascaray, Chemical Associates, Univar Solutions, and Claremont Chemical Company Limited.
The global tall oil fatty acid market is segmented -
1) By Product: Oleic Acid, Linoleic Acid, Other Products
2) By Application: Dimer Acid, Alkyd Resin, Fatty Acid Ester, Other Applications
3) By End User: Soaps and Detergents, Plastic Additives, Coatings, Lubricants, Fuel Additives, Other End Users
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The Tall Oil Fatty Acid Market Report Contents Include
1. Executive Summary
2. Tall Oil Fatty Acid Market Characteristics
3. Tall Oil Fatty Acid Market Trends And Strategies
4. Impact Of COVID-19 On Tall Oil Fatty Acid
5. Tall Oil Fatty Acid Market Size And Growth
....
26. Africa Tall Oil Fatty Acid Market
27. Tall Oil Fatty Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tall Oil Fatty Acid Market
29. Tall Oil Fatty Acid Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Tall Oil Fatty Acid market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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