Global Tall Oil Fatty Acid Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
26 Jul, 2021
The tall oil fatty acid market consists of sales of tall oil fatty acids by entities (organizations, sole traders, and partnerships) that manufacture tall oil fatty acids. Tall oil fatty acid (also known as liquid rosin or tallol) is a light-colored tall oil fatty acid obtained by fractional distilling crude tall oil. It is obtained from crude tall oil, a by-product of the Kraft paper pulping process and is used where long chain fatty acids are required, such as soaps & detergents, lubricants, fuel additives, paints & coatings, and plastics.
Global Tall Oil Fatty Acid Market Size And Drivers:
The global tall oil fatty acid market is expected to grow from $802.58 million in 2020 to $821.50 million in 2021 at a compound annual growth rate (CAGR) of 2.36%. The growth in the tall oil fatty acid market is mainly due to the rising demand of tall oil fatty acids from the soaps and detergent sector and the cosmetics industry. The market is expected to reach $1,066.52 million in 2025 at a CAGR of 6.74%. The increasing demand for tall oil-based biofuel is expected to drive the growth of the tall oil fatty acid market in the coming years.
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Trends In The Global Tall Oil Fatty Acid Market
The growing technological advancements are shaping the tall oil fatty acid market. Major companies operating in the tall oil fatty acid sector are focused on developing technological solutions for tall oil fatty acids.
Global Tall Oil Fatty Acid Market Segments:
The global tall oil fatty acid market is further segmented based on product, application, end user and geography.
By Product: Oleic Acid, Linoleic Acid, Others
By Application: Dimer Acid, Alkyd Resin, Fatty Acid Ester, Others
By End User: Soaps And Detergents, Plastic Additives, Coatings, Lubricants, Fuel Additives, Others
By Geography: The global tall oil fatty acid market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the tall oil fatty acid market in 2020.
Read More On The Report For The Global Tall Oil Fatty Acid Market At:https://www.thebusinessresearchcompany.com/report/tall-oil-fatty-acid--global-market-report
Tall Oil Fatty Acid Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides tall oil fatty acid market overviews, analyzes and forecasts market size and growth for the global tall oil fatty acid market, tall oil fatty acid market share, tall oil fatty acid market players, tall oil fatty acid market segments and geographies, tall oil fatty acid market’s leading competitors’ revenues, profiles and market shares. The tall oil fatty acid market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.