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Tallow Fatty Acids Market to Achieve Considerable Growth In 2024, North America To Remain A Dominant Growth Avenue

Author : Ronak Bora | Published Date : 2019-08-08 

North America contributed over 30% of the overall tallow fatty acids market share in 2016. The regional growth had been largely attributed to the favorable regulations towards safeguarding hygiene & health conditions across production facilities. Additionally, vigorous automotive production and sales in U.S. are expected to foster business growth in rubber processing and other applications associated with it.

Tallow Fatty Acids Market in Asia Pacific region is probable to observe maximum gains in the forecast period owing to elevating end-use industries like automotive, construction and electronics. Growth trends in the regional FMCG market. Ever-increasing automotive production and sales in India, China, Indonesia and Japan will also contribute significantly to the market growth.

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Global tallow fatty acids industry share was highly fragmented in 2016, with top industry participants accounting for lesser than 30% of the industry size. Akzonobel N.V., Emery Oleochemicals LLC, BASF SE, Vantage Oleochemicals Incorporation, Chemol Company Incorporation, Baerlocher gmbh, Acme-Hardesty Company Incorporation, Ferromac International NV, H Foster & Company Limited, and The Colgate-Palmolive Company are the major players of tallow fatty acids market.

Tallow Fatty Acids Market is projected to witness an escalating growth over the span of the next few years, driven by the wide range of product applications in personal care items, soaps & detergents, rubber, and plastics. Global cleaning product business revenue, worth over USD 60 billion in 2013, is predicted to surpass USD 100 billion by 2024. It is expected to record a CAGR of over 7% during the period from 2017 to 2024, subject to strict government policies promoting clean & hygiene environment across the manufacturing and food & beverages sector. This will offer lucrative prospects for the industry players to expand their business across the globe. Global Market Insights, Inc., state that tallow fatty acids industry revenue, which is estimated to cross the USD 3 billion by 2024, will grow at a rate of more than 2.5% over 2017 to 2024.

Rising soaps & detergents industries have propelled the global tallow fatty acids market in recent decade. Superior cleansing and conditioning product characteristics make it a significant component in the detergents & soaps in industrial applications. The global cleaning industry inclusive of soaps & detergents, will grow with gains over 7% CAGR because of supporting government approach towards maintaining hygiene and cleanliness throughout the manufacturing facilities for ensuring healthy working surroundings.

Rising rubber and plastic demand in various businesses like packaging, automotive, electronics and construction is another trend driving the tallow fatty acids market in the near future. The product is prominently used as vulcanization and anti-tacking agent in the rubber and plastic industry, in order to improve their stabilizing, lubricating, gelling and anti-caking characteristics.

Monounsaturated segment had significant share in the overall tallow fatty acids market in 2016. Considerable demand in soaps and cosmetics production will be the key factor responsible for industry growth by 2024.

Glimpse of Table of Content (ToC)

Chapter 3.  Tallow Fatty Acids Market Insights

3.1.  Tallow Fatty Acids Marketsegmentation

3.2.  Tallow Fatty Acids Marketgrowth landscape, 2013 - 2024

3.3.  Tallow Fatty Acids Marketecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distributor channel analysis

3.4.  Tallow Fatty Acids Marketimpact forces

3.4.1.    Growth drivers

3.4.1.1.    Strong product demand in manufacturing soaps & detergents

3.4.1.2.    Positive growth indicators in the rubber & plastic industry

3.4.2.    Industry pitfalls & challenges

3.4.2.1.    Increasing focus towards vegetable oil use over the product

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.    U.S.

3.6.2.    Europe

3.6.3.    China

3.7.  Porter’s analysis

3.8.  Company market share analysis, 2016

3.8.1.    Strategy dashboard

3.8.2.    Patent landscape

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/tallow-fatty-acids-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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