Global Tallow Fatty Acids Market Complete Industry Overview And Analysis
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The “Global Tallow Fatty Acids Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study that is available on Decisiondatabases.com gives a detailed outlook of the growth trends, market drivers, opportunities and restraints of the global tallow fatty acids market. The report estimates the global tallow fatty acids market to touch USD 3 BN by 2026 along with a CAGR of 2.4% within the forecasted period from 2020-2026.
Tallow fatty acids are refined hard fatty acids that are extracted from suet. They are utilized in a wide range of industries but are not restrained to alkyd resins, buffing compounds, industrial and institutional cleaners, ore flotation, oilfield chemicals, textile, construction and rubber industries. Soaps & detergents, rubber, plastic, personal care products, food and lubricants are some of the common end-user products that are obtained from tallow fatty acids and they significantly contribute to the growth of the global tallow fatty acids market.
The intensifying demand for rubber and plastic demand from various end-user businesses such as automotive, construction, packaging and electronics is a major factor propelling the global tallow fatty acids market size. The product is used as an anti-tacking and vulcanization agent in order to enhance the lubricating, stabilizing and anti-caking properties in the rubber and plastic industry. The global tallow fatty acids market is, however, negatively influenced by the product substitution offered by palm oil. Additionally, the focus of the manufacturing soaps, detergents and personal care products using vegetable oil on account of its low costing may further hamper the growth of the global tallow fatty acids market.
By product, the global tallow fatty acids market is segmented into saturated fatty acids, monounsaturated fatty acids and polyunsaturated fatty acids. Saturated fatty acids are further sub-classified into stearic acids, palmitic acids and myristic acids where the number of carbon atoms in these fatty acids increases from 14 to 18, in the given order, by an increment of 2. Monounsaturated fatty acids have emerged as the leading segment of this segmentation due to its extensive use in manufacturing soaps and cosmetics.
By application, the global tallow fatty acids market is classified into soaps & detergents, rubber, plastics, personal care products, food and lubricants where soaps & detergents are the dominating segment application-wise.
North America, Asia Pacific, Latin America, Europe and Middle East & Africa are the geographical segments of the global tallow fatty acids market. North America has been identified to be the global leader of the global tallow fatty acids market owing to the presence of stringent government policies in order to maintain hygiene across the food & beverage and medical industry.
The key suppliers of tallow fatty acids profiled in the study are Emery Oleochemicals, Acme-Hardesty Co, H Foster & Co. Ltd, BASF SE, Baerlocher GmbH and Vantage Specialty Chemicals, AkzoNobel N.V. among others. It also covers information on each key player’s headquarters, stock listing, upcoming capacities, key mergers & acquisitions, financial overview and recent product launches & developments thus providing a comprehensive idea about the competitive landscape of the market.
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