Global Tallow Fatty Acids Market: Rising Demand for Personal Care Products to Ensure Steady Growth, predicts TMR

The global tallow fatty acids market is dominated by players such as BASF SE, AkzoNobel N.V., VVF LLC, Baerlocher GmbH, H Foster & Co. Ltd., Emery Oleochemicals, Vantage Specialty Chemicals, and Acme-Hardesty Co. According to Transparency Market Research (TMR), the global tallow fatty acids market is expected to reach a valuation of US$2.7 bn by the end of 2020.

Soaps and Detergents to Remain Leading Application of Tallow Fatty Acids

By application, the global tallow fatty acids market is segmented into soaps and detergents, personal care products, rubber, plastics, and others such as food and lubricants. Of these, soaps and detergents were the leading application of tallow fatty acids in 2013 and are likely to remain the key revenue generator for the market in the coming years. The cosmetic benefits of tallow fatty acids are being recognized widely in the personal care industry, creating promising prospects for the tallow fatty acids market. Soaps and detergents accounted for a dominant 30% of the tallow fatty acids market in 2013 and are likely to remain similarly dominant through the forecast period.

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By product type, the global tallow fatty acids market is dominated by monounsaturated acids. The monounsaturated acids segment accounted for more than 45% of the global tallow fatty acids market in 2013 and is likely to retain a high degree of dominance in the tallow fatty acids market through the 2014-2020 forecast period. Monounsaturated fatty acids are utilized in the production of soaps and detergents, ensuring their steady growth over the coming years.

Geographically, developed regions such as North America and Europe are likely to remain the leading contributors to the global tallow fatty acids market in the coming years. While the consumption of fatty acids is high in Asia Pacific as well, a large proportion of the fatty acids consumed in Asia Pacific is comprised of vegetable oils. “The high production of tallow in Europe and North America has led to the two regions accounting for a dominant share in the global tallow fatty acids market,” explained TMR’s lead analyst.

Rising Demand for Personal Care Products to Drive Demand

The rising demand for cosmetic and skincare products is likely to remain the prime driver for the global tallow fatty acids market in the coming years. Soaps and detergents are a leading revenue generator in the cosmetics market and are likely to remain leading revenue generators for the tallow fatty acids market in the coming years. The rising demand for antimicrobial soaps and detergents is likely to remain a key driver for the tallow fatty acids market.

The steady growth of the rubber and plastics industries is another key driver for the global tallow fatty acids market. The booming global automotive industry has been a vital driver for the rubber market in recent years, which has indirectly led to a steady rise in the demand for tallow fatty acids. The high-performing automotive industry in developing regions such as Asia Pacific thus constitutes a key opportunity for the global tallow fatty acids market.

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On the other hand, the rising preference for vegetable oils over tallow fatty acids is likely to present a formidable obstacle for the global tallow fatty acids market. This restraint is expected to remain particularly influential in the coming years due to the importance of Asia Pacific to the future development of the tallow fatty acids market.

The information in this preview is taken from a Transparency Market Research report titled “Tallow Fatty Acids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”

The global tallow fatty acids market is segmented as follows:

Tallow Fatty Acids Market - Product Segment Analysis
Saturated Fatty Acids
Monounsaturated Fatty Acids
Polyunsaturated Fatty Acids

Tallow Fatty Acids Market - Application Analysis
Soaps & Detergents
Rubber
Plastics
Personal Care Products
Others (Including Food and Lubricants)

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