About Tall Oil Fatty Acid
Tall oil fatty acid is a low cost unsaturated fatty acid and is a source of low boiling point fatty acids widely used in synthetic lubricants industry. Which have light in color and low in rosin, is a consistent, cost-effective, source of liquid fatty acid. It contain generally 90% or more fatty acids and 10% less of rosin. The utility of tall oil fatty acid can be found in the long carbon chain acid function of the carboxyl group or unsaturation of the double bonds. The tall oil fatty acid market has witness to grow due to rising products demand as a lubricant, viscosity modifier and corrosion inhibitor in the oilfield industry. The growing of plant derivatives chemical over animals derived products will grow widely. However the government regulations are projected to hamper overall growth of tall oil fatty acid market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.4% |
The tall Oil fatty acid market is highly competitive with several key players operating at the global. this players focus on research and development activities to introduce innovative tall oil fatty acid formulations and gain the competitive edge. These market is constantly evolving. By staying informed about the key players, their strategies, and future trends, you can make informed decisions and navigate this competitive landscape effectively. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Tall Oil Fatty Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arizona (United States), Westrock (United States), Forchem (Belgium), Georgia-Pacific (United States), Harima (Japan), Chemical Associates (United States), Florachem (Belgium), IOP (Germany) and OOO Torgoviy Dom Lesokhimik (Russia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lascaray (Brazil), Segezha Group (Russia), Eastman (United States), Pine Chemical Group (United States) and Shaxian Lixis resin Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Tall Oil Fatty Acid market by , Application (Alkyd Resins, Dimer Acids, Lubricant Additives, Metalworking, Rubber, Petroleum production and Others) and Region.
On the basis of geography, the market of Tall Oil Fatty Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Pharmaceuticals will boost the Tall Oil Fatty Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. High-Density Polyethylene Drum will boost the Tall Oil Fatty Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand in Diverse industries
Market Growth Drivers:
Growing demand of renewable products and Increased demand for consumer goods such as cosmetics and personal care products.
Challenges:
Competition from synthetic alternatives
Restraints:
High purity levels can be complex
Opportunities:
Increasing demand in green building practices and Exploring untapped potential in the food and pharmaceuticals
Market Leaders and their expansionary development strategies
In November 2023, Chemical Associates and Florachem has entered partnership focusing on development of sustainable and bio-based alternatives to traditional TOFA derivatives used in lubricants and metalworking fluids. Combining Chemical Associates' technical expertise with Florachem's innovative green chemistry approach, the collaboration aims to reduce the environmental impact of TOFA-based products.
In November 2023, Florachem successfully launched the pilot production of TOFA using a novel green chemistry process. This process significantly reduces energy consumption and waste generation compared to traditional methods.
The regulation establishes exemptions from the requirement of a tolerance for residues of tall oil fatty acids when used as inert ingredients (solvent/carrier) in the following circumstances: In pesticide formulations applied to growing crops and raw agricultural commodities after harvest; in pesticides applied in/on animals, and in antimicrobial formulations for food contact surfaces. Spring Trading Company on behalf of Ingevity Corporation submitted a petition to EPA under the Federal Food, Drug, and Cosmetic Act (FFDCA), requesting establishment of these exemptions from the requirement of a tolerance. This regulation eliminates the need to establish maximum permissible levels for residues of tall oil fatty acids that are consistent with the conditions of these exemptions.
Key Target Audience
Construction and Building Material, Lubricants and Metalworking, Personal Care, Automotive and Transportation, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.