Global Tall Oil Fatty Acid Market Segmentation by Product (Oleic Acid, Linoleic Acid, Others), by Application (Asphalt Emulsions, Detergents, Fuel Additives, Liquid Cleaners, Soaps, Plastic Additives, Oilfield Chemicals, Resins, Others), by End Users (Construction, Oil & Gas, Textiles, Paints & Coatings, Others), by Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa)
Tall oil is the most important domestic source of rosin and a major contributor to the production of fatty acids across the globe. It is used as a resin in many different industries, including mining, paper manufacture, paint manufacture, and synthetic rubber manufacture. Various factors such as growing soaps & detergents industry in developing economies, increasing oil filed applications in the Middle East, and North America are driving the market growth over the forecast period.
However, fluctuating prices of raw materials, low penetration, and lack of awareness of tall oil fatty acid in underdeveloped countries are restraining the market growth over the forecast period.
Global Tall Oil Fatty Acid Market is segmented by product, by application, by end-users, and by region. By product, Linoleic acids held 43.23% of market share in 2019 and are expected to keep its dominance over the forecast period owing to growing developments in its end-user segments such as paints, coatings, adhesives, and sealants. Linoleic acid finds its major applications in industrial and household cleaning products such as liquid cleaners, soaps, and gel cleaners as it keeps the skin impermeable to water.
By geography, North America held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Factors such as easy availability of raw materials, well developed end-use industries, and growing oil and gas exploration in the United States & Mexico are driving the market growth over the forecast period.
Report covers in depth analysis of key development, marketing strategies, supply-side and demand-side indicators and company profiles of market leaders, potential players, and new entrants. Some of the key players covered in this report are PineChemical Group Oy (Finland), Forchem Oyj (Finland), Kraton Corporation (US), Univar Solutions (US), Ilim Group JSC (Russia)
DRT (Derives Resiniques ET Terpeniqes) (UK), Harima Chemicals, Inc (Japan), Eastman Chemical Company (US), OOO Torgoviy Dom Lesokhimik (Russia), Lascaray S.A. (Spain), Georgia-Pacific Chemicals LLC (US). These key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patent to increase their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Tall Oil Fatty Acid Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Tall Oil Fatty Acid Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Tall Oil Fatty Acid Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Tall Oil Fatty Acid Market Forecast and Analysis.”
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