Global Market Insights, Inc. adds new Tall Oil Fatty Acid Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.
Rising product significance in oilfields makes lubricants, fuel additives, and metal working fluids highly developing end-use sectors with CAGR close to 5% in the forecast span. Plastics and coatings end-use segments together will record above USD 350 million for the global tall oil fatty acid market in 2024.
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Tall oil fatty acid is mainly used in the manufacturing of alkyd resins, dimer acid and fatty acid esters. Dimer is a significant intermediate chemical used as fuel additives in oilfields and lubricants. Alkyd resins is also a prominent segment holding a major share in the worldwide tall oil fatty acid industry. Finding extensive usage in the paint and coatings industry, the alkyd resins accounted for over one third of the overall industry share and is projected to grow at an annual rate of 4% over 2017-2024.
The growing popularity of tall oil fatty acid as oilfield chemicals over tallow oil products derived from animals in the lubricants and fuel additive sectors has significantly favored the industry trends. As per the estimates, tall oil fatty acid market size from lubricants and fuel additives is projected to record a CAGR of 4.5% over the period of 2017-2024, having collected revenue over USD 150 million in 2016. Accounting for more than a quarter of the overall tall oil fatty acid industry share in 2016, soap & detergents end-use industry is likely to witness a moderate growth over the coming years.
Tall Oil Fatty Acid Market has generated a substantial momentum over the years on grounds of its wide application spectrum across end-use industries as a source of naturally derived fatty acid. Owing to its extensive usage as bio renewable feedstock, tall oil fatty acid has become a major by-product of pulp production. Tall crude oil generated from tall oil fatty acids are widely being used as additives in the fossil diesel, which has further created renewed avenues for tall oil fatty acid industry. A report compiled by Global Market Insights. Inc., foresees tall oil fatty acid market to register a CAGR of more than 4% over the period of 2017-2024 and seize a revenue of more than USD 1 billion by 2024.
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Tall oil fatty acid is the by-product derived from the manufacturing of paper & pulp. Pine trees and other coniferous trees are the prime raw materials used for obtaining tall oil fatty acid. In a Kraft mill, tall oil is the third largest chemical by-product after lignin and hemicellulose.
Segezha Pulp and Paper Mill, Harima Chemicals, Georgia Pacific, Shaxian Lixin Resin Co. Ltd, Arizona Chemical Company, Kraton Corporation, BASF SE, Forchem, Pasand Speciality Chemical, and Eastman Chemical Company are some of the prominent names in global tall oil fatty acid market.
Browse key industry insights spread across 145 pages with 207 market data tables & 14 figures & charts from the report, “Tall Oil Fatty Acid Market” in detail along with the table of contents:
Tall oil fatty acid market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Tall Oil Fatty Acid Market by Product
- Oleic acid
- Linoleic acid
Tall Oil Fatty Acid Market by Application
- Dimer acids
- Alkyd resins
- Fatty acid esters
Tall Oil Fatty Acid Market by End-use
- Soap & detergents
- Fuel additives
- Metal working fluid
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- South Africa
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.