Unveiling Trends and Growth Drivers in the Tall Oil Fatty Acid Market

The new report published by The Business Research Company, titled "Tall Oil Fatty Acid Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the tall oil fatty acid market size has grown strongly in recent years. It will grow from $1.05 billion in 2023 to $1.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The tall oil fatty acid market size is expected to see strong growth in the next few years. It will grow to $1.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.

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Biofuel's Drives Tall Oil Fatty Acid Market
The increase in demand for tall oil-based biofuel is expected to drive the growth of the tall oil fatty acid market in the coming years. 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, and 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 oil-based biofuels is anticipated to rise from 320,000 tonnes per year in 2019 to 880,000 tonnes per year in 2030. Therefore, the increase in tall oil-based biofuel is expected to boost the growth of the tall oil fatty acid market.

Technological Advancements Redefine The Tall Oil Fatty Acid Market
The growing technological advancements are shaping the tall oil fatty acid market. Major companies operating in the tall oil fatty acid sector are focused on developing technological solutions for tall oil fatty acids. For instance, in March 2021, according to a study published by MDPI, a Switzerland-based publishing company for open-access journals in science, on developing a homogeneous and heterogeneous catalytic method for the synthesis of biodiesel from tall oil fatty acids, The progress of biodiesel synthesis from tall oil fatty acids using a homogeneous catalyst (sulfuric acid) and a heterogeneous catalyst was observed using FTIR spectroscopy. The methanol:oil molar ratio of 15:1 at a temperature of 55 oC, the catalyst concentration of 0.5%, and a reaction time of 60 min were the ideal conditions for homogeneous catalysis. 96.76% of the yield was achieved.

The tall oil fatty acid market covered in this report 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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Major companies operating in the tall oil fatty acid market include Forchem Oy, Harima Chemicals Group Inc., Georgia-Pacific LLC, Eastman Chemical Company, Lascaray S.A., Chemical Associates Inc., Univar Solutions Inc., Claremont Chemical Company Limited, Pasand Speciality Chemicals Limited, Pine Chemical Group Oy, Shaxian Lixin Resin Co. Ltd., Aditya Birla Chemicals (Thailand) Limited, DIC Corporation, Allnex Belgium SA, WestRock Company, Lintec of America Inc., Segezha Pulp and Paper Mill, BASF SE, Reichhold LLC, Sika AG, Sinopec Baling Company Limited, Eternal Materials Co. Ltd., Chang Chun Plastics Co. Ltd., Kukdo Chemical Co. Ltd., Kyocera Chemical Corporation, Ingevity Corporation, Arizona Chemical Ltd., Ataman Kimya AS, Foreverest Resources Ltd., G.C. Rutteman & Co. B.V., Imperial Industrial Minerals Company, Kraton Corporation

Contents of the report:
1. Executive Summary
2. Tall Oil Fatty Acid Market Report Structure
3. Tall Oil Fatty Acid Market Trends And Strategies
4. Tall Oil Fatty Acid Market - Macro Economic Scenario
5. Tall Oil Fatty Acid Market Size And Growth
…..
27. Tall Oil Fatty Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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