Tallow Fatty Acids Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Tallow Fatty Acids Market is likely to witness a CAGR of 2.8% during the forecast period. Growing rubber and plastics industry and rising product demand in manufacturing soaps detergents are some of the key factors accelerating the growth of the market over the forecast period.
Market Segments' Analysis
According to Stratview Research, the Tallow Fatty Acids Market is segmented by Product Type (Saturated Fatty Acids [Stearic Acid, Myristic Acid, and Palmitic Acid], Monounsaturated Fatty Acids, and Polyunsaturated Fatty Acids), by End-User Type (Soaps Detergents, Rubber, Plastics, Personal Care Products, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Based on the end-user type, the market is segmented as soaps detergents, rubber, plastics, personal care products, and others. Soaps detergents are estimated to account for the major share of the market over the forecast period. Tallow fatty acid is mainly used in manufacturing soaps, owing to its high conditioning and moisturizing properties, which drives the growth of the segment. Thus, vigorous growth in the cleaning and detergents industry on account of improving consumer lifestyle is expected to fuel the growth of the market. On the other hand, rubber is estimated to witness significant growth in the market, majorly on account of increasing automobile manufacturing and sales, eventually giving rise to the product demand for tire manufacturing.
In terms of regions, Asia-Pacific dominated the market for tallow fatty acids in 2021, and the region is expected to witness significant growth in the market over the forecast period, owing to the growing regional FMCG sector with China, India, Japan, and Indonesia being the major countries with lucrative growth opportunities in the regional market. Also, North America is estimated to hold the largest share of the market during the forecast period. The growth of the region’s market is on account of strict government rules and regulations to maintain hygiene across the food beverage and medical industries, and strong automotive manufacturing and sales in the region.
Top key vendors in the market:
The report mentions a list of key players in the Tallow Fatty Acids Market. Some of them are mentioned below –
- AkzoNobel
- BASF SE
- Chemol Company Inc.
- Emery Oleochemicals
- FerroMac International NV
- Godrej Industries
- LG Household and Healthcare, Limited
- Twin Rivers Technologies
- Vantage Oleochemicals, Inc.
- VVF LLC.
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