The Tall Oil Fatty Acid Market is Segmented by Product Type (Oleic Acid, Linoleic Acid, and Others), by Application Type (Dimer Acids, Alkyd Resins, Fatty Acid Esters, and Others), by End-User Type (Soaps & Detergents, Coatings, Lubricants, Plastics, Fuel Additives, Metal Working Fluids, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Tall Oil Fatty Acid Market is Segmented by Product Type (Oleic Acid, Linoleic Acid, and Others), by Application Type (Dimer Acids, Alkyd Resins, Fatty Acid Esters, and Others), by End-User Type (Soaps & Detergents, Coatings, Lubricants, Plastics, Fuel Additives, Metal Working Fluids, and Others), and by Region ...
Tall Oil Fatty Acid Market is expected to grow from USD 865.15 million in 2021 to USD 1190.4 million by 2028 at a CAGR of 4.6% during the forecast period of 2022-2028.
What is tall oil fatty acid?
Tall oil fatty acid, also known as liquid rosin, is basically a viscous yellow-black odorous liquid derived from the stumps of pine trees. This fatty acid is used as a component of adhesives, rubbers, inks, and as an emulsifier.
Market Drivers
Growing soaps & detergents industry and increase in oil field applications in North America and the Middle East are some of the key factors contributing to the growth of the market during the forecast period.
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Segment Analysis
By Product Type
Based on the product type, the market is segmented as oleic acid, linoleic acid, and others. Linoleic acid is estimated to hold the major share of the market during the forecast period on account of the growing demand from various end-user industries such as coatings, adhesives, and sealants. Similarly, oleic acid is also estimated to witness significant growth in the market over the forecast period owing to its extensive utilization as an oleochemical and oilfield chemical.
By Application Type
Based on the application type, the market is segmented as dimer acids, alkyd resins, fatty acid esters, and others. Alkyd resins are estimated to be the largest as well as the fastest-growing application segment of the market over the forecast period on account of their extensive utilization in the paints & coatings industry. In addition, dimer acids are expected to witness significant growth in the market majorly due to the growing oilfield sector in North America during the forecast period.
By End-User Type
Based on the end-user type, the market is segmented as soaps & detergents, coatings, lubricants, plastics, fuel additives, metal working fluids, and others. Lubricants and fuel additives are estimated to hold a major share of the market together during the forecast period on account of their growing popularity as an oilfield chemical over animal-derived tallow oil products. Moreover, soaps & detergents are also estimated to witness significant growth in the market over the forecast period.
By Region
In terms of regions, North America is estimated to account for the major share of the market during the forecast period, owing to the easy availability of raw materials, and increasing crude oil production coupled with shale gas exploration activities in the U.S. Further, Asia-Pacific is estimated to witness significant growth in the market on account of the growing demand for plant-derived products in the region during the forecast period.
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.
Report - Features
Market Segmentation
4
Regions Covered
4
Countries/Sub-Regions Covered
17
No. of Figures & Tables
>150
Company Profiles
10
The tall oil fatty acid market is segmented into the following categories.
By Product Type:
Oleic Acid
Linoleic Acid
Others
By Application Type:
Dimer Acids
Alkyd Resins
Fatty Acid Esters
Others
By End-User Type:
Soap & Detergents
Coatings
Lubricants
Plastics
Fuel Additives
Metal Working Fluids
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 tall oil fatty acid market are-
Arizona Chemical Company LLC
Chemical Associates Inc.
Eastman Chemical Company
Florachem Corporation
Forchem Oy
Georgia-Pacific Chemicals LLC
Harima Chemicals Group, Inc.
Kraton Corporation
Lintech International LLC
Segezha Pulp and Paper Mill.
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 application 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.
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Arizona Chemical Company LLC, Chemical Associates Inc., Eastman Chemical Company, Florachem Corporation, Forchem Oy, Georgia-Pacific Chemicals LLC, Harima Chemicals Group, Inc., Kraton Corporation, Lintech International LLC, and Segezha Pulp and Paper Mill are among the key players in the market.