Tall Oil Fatty Acid Market 2018 Top Key Players - Clariant Corporation, Lanxess AG, The Weyl Chem Group, BIG SUN Chemical Corporation, Acar Chemicals
Rising product demand as lubricant, viscosity modifier, and corrosion inhibitor in the oilfield industry will boost the global tall oil fatty acid market in coming years.
(EMAILWIRE.COM, August 09, 2018 ) Tall Oil Fatty Acid Market will likely surpass USD 1 billion by 2024 according to this new research report.
Tall oil fatty acid market will be chiefly driven by products application as a corrosion inhibitor, lubricant and viscosity modifier in the oilfield sector. Growing petroleum demand in various industries such as aviation, automobile, etc. has led to a sharp increase in petroleum production in North America and Middle East. For instance, petroleum production per day increased by 3 million barrels from 2011 to 2015 in the U.S. Middle Eastern countries are also estimated to increase their petroleum production rates during the forecast years.
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The product is employed in the manufacturing of cleaners & detergents. Rapid increase in demand for cleaning products will augment the tall oil fatty acid market during the forecast years. Cleaning products industry is anticipated to grow by 5% CAGR till 2024 and its value is anticipated to cross USD 100 billion in that period. Industrial development coupled with awareness towards workplace and household cleanliness are the major factors driving the cleaning products industry and will in turn augment the tall oil fatty acid market.
Availability of substitute products in Asia Pacific along with low awareness about the product in the region may pose challenges to the industry growth. Absence of standard quality raw materials in Asia Pacific may hinder the regional markets growth and will negatively impact the global tall oil fatty acid market.
Make an Inquiry for purchasing this report https://www.gminsights.com/inquiry-before-buying/1430
Tall oil fatty acids market is segmented into three products namely oleic acid, linoleic acid, and other types including stearic acids, unsaponifiables, palmitic acids, and others. Oleic acid is anticipated to occupy a considerable share and this share will likely increase at a healthy rate during the forecast period due to its use in soaps, oil rigs and fuels. Linoleic acid segment is anticipated to grow by a CAGR of about 4.5%. This segment has a substantial share of global tall oil fatty acid market due to its usage in adhesives, paints, coatings, etc.
Tall oil fatty acid market application segmentation consists of dimer acids, alkyd resins, fatty acid esters, and other applications. Fatty acid esters application is anticipated to grow by about 4% CAGR in the forecast years. This segment will occupy about one fourth of the total market by 2024. Fatty acid esters find wide applications in personal care product manufacturing.
Partial Chapter of the Table of Content
Chapter 5. Tall Oil Fatty Acid Market, By Application
5.1. Global tall oil fatty acid market share by application, 2016 & 2024
5.2. Dimer acids
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Alkyd resins
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Fatty acid esters
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
Tall oil fatty acid market will be chiefly driven by products application as a corrosion inhibitor, lubricant and viscosity modifier in the oilfield sector. Growing petroleum demand in various industries such as aviation, automobile, etc. has led to a sharp increase in petroleum production in North America and Middle East. For instance, petroleum production per day increased by 3 million barrels from 2011 to 2015 in the U.S. Middle Eastern countries are also estimated to increase their petroleum production rates during the forecast years.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1430
The product is employed in the manufacturing of cleaners & detergents. Rapid increase in demand for cleaning products will augment the tall oil fatty acid market during the forecast years. Cleaning products industry is anticipated to grow by 5% CAGR till 2024 and its value is anticipated to cross USD 100 billion in that period. Industrial development coupled with awareness towards workplace and household cleanliness are the major factors driving the cleaning products industry and will in turn augment the tall oil fatty acid market.
Availability of substitute products in Asia Pacific along with low awareness about the product in the region may pose challenges to the industry growth. Absence of standard quality raw materials in Asia Pacific may hinder the regional markets growth and will negatively impact the global tall oil fatty acid market.
Make an Inquiry for purchasing this report https://www.gminsights.com/inquiry-before-buying/1430
Tall oil fatty acids market is segmented into three products namely oleic acid, linoleic acid, and other types including stearic acids, unsaponifiables, palmitic acids, and others. Oleic acid is anticipated to occupy a considerable share and this share will likely increase at a healthy rate during the forecast period due to its use in soaps, oil rigs and fuels. Linoleic acid segment is anticipated to grow by a CAGR of about 4.5%. This segment has a substantial share of global tall oil fatty acid market due to its usage in adhesives, paints, coatings, etc.
Tall oil fatty acid market application segmentation consists of dimer acids, alkyd resins, fatty acid esters, and other applications. Fatty acid esters application is anticipated to grow by about 4% CAGR in the forecast years. This segment will occupy about one fourth of the total market by 2024. Fatty acid esters find wide applications in personal care product manufacturing.
Partial Chapter of the Table of Content
Chapter 5. Tall Oil Fatty Acid Market, By Application
5.1. Global tall oil fatty acid market share by application, 2016 & 2024
5.2. Dimer acids
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Alkyd resins
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Fatty acid esters
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results