Tall Oil Fatty Acid Market Analysis & Forecast to 2024

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Tall Oil Fatty Acid Market by Product Type,
Players and Regions-Forecast to 2024
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Global Market Scenario of Tall Oil Fatty Acid
Industry

• Tall Oil Fatty Acid Market size will exceed USD 1
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Global cleaning products market will likely grow
  beyond USD 100 billion by the end of 2024 with a
  CAGR over 5 in the forecast span. Increasing
  numbers of healthcare facilities in the emerging
  countries and strict government mandates
  pertaining to cleanliness of the medical
  institutions will further boost the tall oil
  fatty acid market growth.
• Increasing demand for naturally derived fatty
  acid based biofuel may create new market avenues
  for overall tall oil fatty acid market in coming
  years. Several developed nations promote the
  usage of bio-based fuels in order to mitigate
  greenhouse emissions as well as to conserve the
  fossil fuel reserves. Acceptance of biofuel in
  all countries may take a few decades owing to
  varying economic conditions.

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Continued...

• Substitute products in the topical countries may
  create a negative impact on the global tall oil
  fatty acid market as the product is principally
  derived from coniferous trees. Palm kernel, palm,
  and coconut oil based products are commonly used
  oleochemicals used in soap manufacturing in these
  countries.
• Tall oil fatty acid market segmentation on the
  basis of products is done into oleic acids,
  linoleic acids, and other carboxylic acids such
  as palmitic acids, stearic acids, etc. Oleic
  acids will hold sway in the coming years owing to
  extensive usage in manufacturing soaps as well as
  in fuel additives and corrosion inhibitors in oil
  rigs.
• Linoleic acid will also account for a significant
  share of the global tall oil fatty acid market in
  2024 owing to its wide application range in
  paints coatings, and adhesive sealant
  manufacturing. This segment will witness a
  healthy growth with a CAGR close to 4.5 in the
  forecast span.

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U.S. Tall Oil Fatty Acid Market size, by
end-user, 2013 - 2024 (USD Million)
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360 Analysis

• Tall Oil Fatty Acid Market, By Product
• Oleic acids and linoleic acids account for
  majority of the global tall oil fatty acid market
  share. Other product types include stearic acids,
  palmitic acids, unsaponifiables, etc., which
  account for less than a fifth of the total share.
• Tall Oil Fatty Acid Market, By End-User
• Several end-user industries such as soap
  detergents, fuel additives, coatings, plastics,
  lubricants, metalworking fluid, etc. find the
  application of the product or its derivatives.
  Soap detergents industry accounted for more
  than a quarter of the global tall oil fatty acid
  market share in 2016 and will witness a sluggish
  growth in comparison to other segments.
• Tall Oil Fatty Acid Market, By Region
• North America, led by the U.S., will likely hold
  sway the global tall oil fatty acid market with
  more than 40 of the overall share in 2016.
• Asia Pacific tall oil fatty acid market will
  likely witness a significant growth at around 5
  CAGR owing to increasing awareness in the region.

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