Rising demand form soap & detergent production, shifting preference towards tall oil fatty acid form tallow oil fatty acid, increasing investment in development of biodiesel and rising demand for lubricants from multiple industries are the key factors fueling the growth of the global tall oil fatty acid market. It is a colorless unsaturated long chained fatty acid widely used as a source of low boiling point fatty acids across multiple industry verticals.
The prime elements of tall oil fatty acids are linoleic acid and oleic acid with small quantities of stearic, linolenic, and palmitic acids. It is an affordable, low rosin and consistent source of liquid fatty acids used in synthetic industrial lubricant esters, alkyd resins, fuel additives, surfactants, dimer acids, cleaners, paints, and oil field chemicals.
The prime application of tall oil fatty acid is in the production of raw petroleum. Tall oil fatty acid has witnessed prominent growth in demand during past few decades with expansion of petrochemical industry. With the discovery of shell gas reserve in the United States, the demand has soared significantly. However, the demand is anticipated to witness slack in coming years due to disruption in petroleum industry amidst the COVID-19 pandemic. The global tall oil fatty acid market is anticipated to grow significantly during the forecast period.
North America contributed a dominating share to the global tall oil fatty acid market in 2019 and is anticipated to be a dominating region during the forecast period owing to strong demand for tall oil fatty acid from petroleum production, and soap & detergent manufacturing applications. The North America tall oil fatty acid market is anticipated to witness steady growth due to disruption in the manufacturing and petrochemical production amidst the COVID-19 pandemic.
The Asia Pacific tall oil fatty acid market is anticipated to offer lucrative opportunities to the producers of tall oil fatty acids during the forecast period owing to the expansion of manufacturing industry, rising demand from soap & detergent applications, and growth of petrochemical production across prominent countries.
Tall Oil Fatty Acid Market Share Analysis, by Geography (2022)
The report titled “Tall Oil Fatty Acid Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global tall oil fatty acid market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Eastman Chemical Company accounted for a total revenue of US$ 9,273 Million in 2019. The product segment analysis of the company indicates that Additives & Functional Products business segment of the company dominated revenue in 2019.
The global tall oil fatty acid market is segmented on the basis of product type, applications, end use, and geography. Based on product type, the global tall oil fatty acid market is segmented into oleic acid, linoleic acid, maleic acid, stearic acid, and others. Based on applications, the global tall oil fatty acid market is segmented into dimer acids, alkyd resins, fatty acid esters, fatty acid soaps, and others. Based on end use, the global tall oil fatty acid market is segmented into soaps and detergents, coatings, lubricants, plastics, fuel additives, metal working fluids, adhesives, asphalt additives, biofuels, and others. Based on geography, the global tall oil fatty acid market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Tall Oil Fatty Acids. Further, market share of prominent companies in the global Tall Oil Fatty Acid market would also be estimated. For instance, Eastman Chemical Company operates through four segments namely Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers. The tall oil fatty acid products are delivered under Additives & Functional Products business segment of the company with revenue contribution of US$ 3,273 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the tall oil fatty acid companies. The global tall oil fatty acid market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution.
Product portfolio would focus on all the products under the tall oil fatty acid business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global tall oil fatty acid market.
Major players active in the global tall oil fatty acid market include Arizona Chemical Company LLC, Ashburn Chemical Technologies, Ashland Global Specialty Chemicals Inc.., BASF SE, UNIVAR SOLUTIONS., Cray Valley USA, LLC (Total Petrochemicals & Refining, Inc.), Eastman Chemical Company, Florachem Corporation, Forchem Oy, Georgia-Pacific Chemicals LLC, Harima Chemicals Group, Inc., Henkel AG & Co. KGaA, MeadWestvaco Corporation, Nalco Holding Company, Procter & Gamble Company, QualiChem, Inc., Torgoviy Dom Lesokhimik, Umicore N.V., Unilever, and UPM-Kymmene Oyj.
Segmentation:
By Product Type:
By Application:
By End-use:
By Region
North America contributed a dominating share to the global tall oil fatty acid market in 2019 and is anticipated to be a dominating region during the forecast period owing to strong demand for tall oil fatty acid from petroleum production, and soap & detergent manufacturing applications.
Rising demand form soap & detergent production, shifting preference towards tall oil fatty acid form tallow oil fatty acid, increasing investment in development of biodiesel and rising demand for lubricants from multiple industries are the key factors fueling the growth of the global tall oil fatty acid market.
The tall oil fatty acid are largely used in the dimer acids, alkyd resins, fatty acid esters, fatty acid soaps, and others.
The tall oil fatty acid analysis market has been assessed for the years 2019 to 2032.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved