” which 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).
As per the study, tall Oil Fatty Acid Market is likely to witness a CAGR of 4.5% during the forecast period. 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.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
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.
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.
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.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Tall Oil Fatty Acid Market:
· 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.
Key questions answered by the report
- What is the projected CAGR for revenue from the Tall Oil Fatty Acid Market during the forecast period?
- What would be the market be valued at by 2027?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Tall Oil Fatty Acid Market?
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