Tallow Fatty Acids Market Report

Market Insights

Tallow Fatty Acids Market is likely to witness a CAGR of 2.8% during the forecast period.

What are tallow fatty acids?

Tallow fatty acids belong to a family of fatty acids, derived from animal fat, more specifically they are of bovine origin. These fatty acids are a mix of saturated fatty acids (such as palmitic, myristic, and stearic acid) and unsaturated fatty acids (such as oleic, palmitoleic, and linoleic).

Market Drivers

Growing rubber and plastics industry and rising product demand in manufacturing soaps & detergents are some of the key factors accelerating the growth of the market over the forecast period.

Wish to get a free sample? 

Segment Analysis

By Product Type

Based on the product type, the market is segmented as saturated fatty acids, monounsaturated fatty acids, and polyunsaturated fatty acids. Saturated fatty acid is estimated to witness significant growth in the market during the forecast period on account of its wide utilization in production of soaps & detergents, oilfield chemicals and pharmaceuticals, and rubber & plastics. On the other hand, monounsaturated fatty acids are estimated to hold significant share of the market owing to growing cosmetic products’ demand among consumers.

By End-User Type

Based on the end-user type, the market is segmented as soaps & detergents, rubber, plastics, personal care products, and others. Soaps & detergents are estimated to account for the major share of the market over the forecast period. Tallow fatty acid is mainly used in manufacturing soaps, owing to its high conditioning and moisturizing properties, which drives the growth of the segment. Thus, vigorous growth in the cleaning and detergents industry on account of improving consumer lifestyle is expected to fuel the growth of the market. On the other hand, rubber is estimated to witness significant growth in the market, majorly on account of increasing automobile manufacturing and sales, eventually giving rise to the product demand for tire manufacturing.

By Region

In terms of regions, Asia-Pacific dominated the market for tallow fatty acids in 2021, and the region is expected to witness significant growth in the market over the forecast period, owing to the growing regional FMCG sector with China, India, Japan, and Indonesia being the major countries with lucrative growth opportunities in the regional market. Also, North America is estimated to hold the largest share of the market during the forecast period. The growth of the region’s market is on account of strict government rules and regulations to maintain hygiene across the food & beverage and medical industries, and strong automotive manufacturing and sales in the region.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The tallow fatty acids market is segmented into the following categories.

By Product Type:

• Saturated Fatty Acids
  • Type Analysis: Stearic Acid, Myristic Acid, and Palmitic Acid
• Monounsaturated Fatty Acids
• Polyunsaturated Fatty Acids

By End-User Type:

• Soaps & Detergents
• Rubber
• Plastics
• Personal Care Products
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the tallow fatty acids market are-

• AkzoNobel
• BASF SE
• Chemol Company Inc.
• Emery Oleochemicals
• FerroMac International NV
• Godrej Industries
• LG Household and Healthcare, Limited
• Twin Rivers Technologies
• Vantage Oleochemicals, Inc.
• VVF LLC.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.