The tall oil fatty acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tall Oil Fatty Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to pulp and paper industry, soap and detergent manufacturing, chemical industry growth, industrial lubricants, renewable and bio-based products..
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%. The growth in the forecast period can be attributed to sustainable sourcing, green chemistry initiatives, bio-based products growth, recycling and circular economy, biodegradable and eco-friendly products. Major trends in the forecast period include green chemistry adoption, specialty chemicals innovations, advancements in tall oil extraction, expanding applications in personal care and cosmetics, industry collaboration and partnerships.
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Scope Of Tall Oil Fatty Acid Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tall Oil Fatty Acid Market Overview
Market Drivers –
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.
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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Regional Insights –
North America was the largest region in the tall oil fatty acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tall oil fatty acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Tall Oil Fatty Acid Market characterstics
3. Tall Oil Fatty Acid Market Trends And Strategies
4. Tall Oil Fatty Acid Market – Macro Economic Scenario
5. Global Tall Oil Fatty Acid Market Size And Growth
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31. Global Tall Oil Fatty Acid Market Competitive Benchmarking
32. Global Tall Oil Fatty Acid Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Tall Oil Fatty Acid Market
34. Tall Oil Fatty Acid Market Future Outlook and Potential Analysis
35. Appendix
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