Research On Tall Oil Fatty Acid Market – Industry Growth, Trends and Forecast, 2014 – 2021
Tall oil fatty acid is obtained as a by-product of the paper and pulp manufacturing process. The raw materials used for the obtaining of this fatty acid are pine trees along with other coniferous trees. It accounts for about 30% of the yield of crude tall oil after fractional distillation. They are used in the production of soaps & detergents, paints & coatings, adhesives, emulsifiers, and oilfield chemicals.
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Tall oil fatty acid is classified according to products as oleic acid, linoleic acid and others (including linoleic acid, maleic acid and stearic acid). Oleic acid has the largest market share and expected to grow during the forecast period. Tall oil fatty acid is classified according to application as dimer acid, alkyd resin, fatty acid ester and others (including dimer acid and fatty acid soaps). Alkyd resin has the highest demand in the application segment. They are segmented according to end user as soap & detergents, coatings, lubricants, plastics, fuel additives, metal working fluid and others (including adhesives, asphalt additives and biofuel). Soap & detergents and coatings hold the largest market share.
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The key drivers of tall oil fatty acid market are increased in demand of oleic acid, continuous innovation and development of products. The increased market of oleic acid in end user industries such as soaps and detergents is expected to fuel the market growth. The factors driving the growth of this market are demand for eco-friendly products and reduced carbon footprints. The key constraint of this market is availability of raw material.
Insight Region Of Markets :
North America is the largest producers as well as consumers of tall oil fatty acid followed by Europe. The factors influencing the same are availability of high quality raw materials and high production capacity of pulp and paper industry. The major industries operating in this market are AkzoNobel N.V., Arizona Chemical Company LLC, Ashburn Chemical Technologies, Ashland Inc., BASF SE, Chemical Associates Inc., Colgate-Palmolive Company, Coral Chemical Company, Cray Valley USA, Eastman Chemical Company, Florachem Corporation, Georgia-Pacific Chemicals LLC, Harima Chemicals Group, Henkel AG & Co. and Procter & Gamble Company.
SEGMENTATIONS IN REPORT :
A. Tall Oil Fatty Acid By Product :
1. Oleic Acid
2. Linoleic Acid
B. Tall Oil Fatty Acid By Application :
1. Dimer Acid
2. Alkyd Resin
3. Fatty Acid Ester
C. Tall Oil Fatty Acid By End-User :
1. Soap And Detergents
5. Fuel Additives