The Tall Oil Fatty Acid Global Market Report 2023, provides comprehensive information on the tall oil fatty acid market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Tall Oil Fatty Acid Global Market Report 2023, the market size is expected to grow from $1 billion in 2022 to $1.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tall oil fatty acid market size is expected to grow to $1.32 billion in 2027 at a CAGR of 5.7%.
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The growing technological advancements are shaping the tall oil fatty acid market. Major companies operating in the tall oil fatty acid sector are focused on developing technological solutions for tall oil fatty acids. For instance, in March 2021, according to a study published by MDPI, a Switzerland-based publishing company for open-access journals in science, on developing a homogeneous and heterogeneous catalytic method for the synthesis of biodiesel from tall oil fatty acids, The progress of biodiesel synthesis from tall oil fatty acids using a homogeneous catalyst (sulfuric acid) and a heterogeneous catalyst was observed using FTIR spectroscopy. The methanol:oil molar ratio of 15:1 at a temperature of 55 oC, the catalyst concentration of 0.5%, and a reaction time of 60 min were the ideal conditions for homogeneous catalysis. 96.76% of the yield was achieved.
The tall oil fatty acid market 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, and Other End Users
North America was the largest region in the tall oil fatty acid market in 2022.
The table of contents in TBRC’s tall oil fatty acid market report includes:
- Executive Summary
- Tall Oil Fatty Acid Market Characteristics
- Tall Oil Fatty Acid Market Trends And Strategies
- Tall Oil Fatty Acid Market – Macro Economic Scenario
- Tall Oil Fatty Acid Market Size And Growth
- Tall Oil Fatty Acid Market Segmentation
- Tall Oil Fatty Acid Market Regional And Country Analysis
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- Tall Oil Fatty Acid Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Tall Oil Fatty Acid Market
- Tall Oil Fatty Acid Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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