Tallow Fatty Acids Market 2017: Market to accrue huge gains via rubber & plastic applications over 2017-2024

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.

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. 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.

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The rapidly developing electronics, automotive, and construction sectors are expected to impel the growth of tallow fatty acids industry in Asia Pacific. India, Indonesia, China, and Japan are more likely to augment the regional growth as a result of large-scale vehicle production & sales across these regions.

North America tallow fatty acids market, worth USD 950 million in 2016, is estimated to register a massive growth over the coming years. Rising demand for plastics along with strict enforcement of regulations for maintaining sanitation across the medical and food & beverages sectors will impel the growth. The U.S. industry is expected to majorly influence the regional revenue.

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Depending on the absence or presence of double bonds between carbon atoms, tallow fatty acids can be categorized into monounsaturated and saturated fatty acids. The mono unsaturated fatty acids are primarily used as an ingredient in the manufacturing of cosmetics and soaps. Today, consumers are more concerned about their personal well beings and beauty, which in turn has accelerated the cosmetics industry. As a result, soaring cosmetics demand have fueled the growth of monounsaturated tallow fatty acids industry share. In 2016, with the growth of affluent soaps and cosmetics market, monounsaturated product segment led the overall tallow fatty acids market share.

Saturated tallow fatty acids are saturated with hydrogen and has long chains of carboxylic acid with 12 to 24 carbon atoms. This product segment finds its prime usage in manufacturing of rubbers & plastics, pharmaceuticals, oilfield chemicals, and soaps and detergents. Pickup in demand from these products have paved a profitable growth path for saturated tallow fatty acids industry share. As per estimates, the global saturated tallow fatty acids industry is likely to record a CAGR of more than 2% over the period of 2017-2024.

Tallow Fatty Acids Industry Insights
3.1. Industry segmentation
3.2. Industry growth landscape, 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. Strong product demand in manufacturing soaps & detergents
3.4.1.2. Positive growth indicators in the rubber & plastic industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Increasing focus towards vegetable oil use over the product
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. Strategy dashboard
3.8.2. Patent landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends

View a summary and Industry Analysis Report @ https://www.gminsights.com/industry-analysis/tallow-fatty-acids-market

The trend of using vegetable oils instead of tallow fatty acids has greatly influenced the provinces of Asia Pacific. Potential threat offered by palm oil as a substitute for tallow fatty acid is likely to create a formidable obstacle for the overall tallow fatty acids industry outlook. Nevertheless, rising applications of tallow fatty acids in personal care, food & beverage, and pharmaceutical industries will create lucrative growth prospects for the tallow fatty acids market in the coming years.

Emery Oleochemicals, Godrej Industries, FerroMac International, Colgate Palmolive, Baerlocher GmbH, H Foster & Co Ltd., AkzoNobel, BASF SE, Vantage Oleochemicals, Twin Rivers Technologies, LG Household and Healthcare, Chemithon Enterprises, Acme-Hardesty, and Chemol Company, Inc. are some of the notable participants of the industry, accumulating major tallow fatty acids market share.

About Global Market Insights, Inc.
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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