Stratview Research has launched a new report, titled The Tall Oil Fatty Acid Market is Segmented by Product Type (Oleic Acid, Linoleic Acid, and Others), by Application Type (Dimer Acids, Alkyd Resins, Fatty Acid Esters, and Others), by End-User Type (Soaps & Detergents, Coatings, Lubricants, Plastics, Fuel Additives, Metal Working Fluids, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, Tall Oil Fatty Acid Market is likely to witness a CAGR of 4.5% during the forecast period. Growing soaps & detergents industry and increase in oil field applications in North America and the Middle East are some of the key factors contributing to the growth of the market during the forecast period.
Market Segments’ Analysis
Based on the application type, the market is segmented as dimer acids, alkyd resins, fatty acid esters, and others. Alkyd resins are estimated to be the largest as well as the fastest-growing application segment of the market over the forecast period on account of their extensive utilization in the paints & coatings industry. In addition, dimer acids are expected to witness significant growth in the market majorly due to the growing oilfield sector in North America during the forecast period.
Based on the end-user type, the market is segmented as soaps & detergents, coatings, lubricants, plastics, fuel additives, metal working fluids, and others. Lubricants and fuel additives are estimated to hold a major share of the market together during the forecast period on account of their growing popularity as an oilfield chemical over animal-derived tallow oil products. Moreover, soaps & detergents are also estimated to witness significant growth in the market over the forecast period.
In terms of regions, North America is estimated to account for the major share of the market during the forecast period, owing to the easy availability of raw materials, and increasing crude oil production coupled with shale gas exploration activities in the U.S. Further, Asia-Pacific is estimated to witness significant growth in the market on account of the growing demand for plant-derived products in the region during the forecast period.
The following are the key players in the Tall Oil Fatty Acid Market
- Arizona Chemical Company LLC
- Chemical Associates Inc.
- Eastman Chemical Company
- Florachem Corporation
- Forchem Oy
- Georgia-Pacific Chemicals LLC
- Harima Chemicals Group, Inc.
- Kraton Corporation
- Lintech International LLC
- Segezha Pulp and Paper Mill.
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Tall Oil Fatty Acid Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Tall Oil Fatty Acid Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2435/Tall-Oil-Fatty-Acid-Market.html
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