Global Tall Oil Fatty Acid Market: Snapshot

The rising number of applications of tall oil fatty acid is expected to support the growth of the global market in the next few years. In addition to this, the consumers are shifting their preference from tallow oil fatty acid to tall oil fatty acid in developed nations is predicted to generate potential growth opportunities for the market players in the next few years. Thanks to these factors, the market is projected to register a healthy growth rate in the near future.

Rising Production Crude Oil to Drive Tall Oil Fatty Acid Market

The growing demand for oleic acid, especially in North America is considered as one of the major factors that is expected to encourage the growth of the global tall oil fatty acid market in the next few years. In addition to this, the significant rise in the production of crude oil in several nations is another key factor that is estimated to accelerate the growth of the market in the coming years. Furthermore, the rising demand for tall oil fatty acids from soaps and coatings and detergents industries is predicted to enhance the growth of the overall market in the next few years.

On the other hand, the low rate of penetration of the tall oil fatty acid market in developing economies, especially in Asia Pacific is likely to hamper the growth of the market in the next few years. Nonetheless, the rising manufacturing of biodiesel making use of the tall oil fatty acid, which is based on the feedstock is likely to augment the global tall oil fatty acid market in the next few years.

Availability of Raw Materials to Drive Europe and North America Tall Oil Fatty Acid Market

The global tall oil fatty acid market has been categorized on the basis of geography into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, North America and Europe are projected to hold a major share of the global market in the next few years. The strong growth of these two regions can be attributed to the high and easy availability of raw materials. The rising contribution from the U.S. is considered as another major factor that is likely to enhance the growth of the market in the near future. In addition to this, a significant rise in the production capacity of paper and pulp market is likely to support the market growth. Furthermore, Asia Pacific is estimated to register a promising growth in the near future, thanks to the rising demand for tall oil fatty acid from India, China, and Japan.

The global market for tall oil fatty acid is considered as highly concentrated in nature and is projected to witness a high level of competition in the next few years. The leading players in the market are making notable efforts to enhance their market penetration across the globe. The rising research and development activities and the growing focus on the development of new products are the key factors that are estimated to support the market growth and strengthen the competitive scenario of the market in the next few years. Some of the key players operating in the tall oil fatty acid market across the globe are Harima Chemicals Group, Inc., Forchem Oy, MeadWestvaco Corporation, Georgia Pacific LLC, and Arizona Chemical Company, LLC.

This report covers the analysis and forecast of the Tall Oil Fatty Acid (TOFA) on a global and regional level. The study provides historic data of 2013 along with forecast for the period between 2014 and 2022 based on volume (kilo tons) and revenue (US$ Mn). 
 
The study provides a decisive view of the TOFA market by segmenting it based on product types, applications, end-users, and regional demand. Application segments and end-user segments have been analyzed based on current trends and future potential, and the market has been estimated from 2014 to 2022 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for North America, Europe, Rest of Asia Pacific, Latin America, and the Middle East and Africa. These have been further sub-segmented into countries and regions in terms of relevance to the market. Segmentation also includes demand for individual applications and end-users in all the regions.
 
The study covers drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report includes potential opportunities in the TOFA market on the global and regional level.
 
We have included a detailed value chain analysis to provide comprehensive view of the TOFA market. Analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.
 
The market has been forecast based on constant currency rates. Prices of TOFA vary in each region and are a result of the demand-supply scenario of the region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Individual pricing of TOFA for each application has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down the market by application segments in each region. 
 
The report provides the size of the TOFA market for 2013 and the forecast for the next nine years up to 2022. The size of the global TOFA market is provided in terms of both volume and revenue. Market volume is defined in kilo tons, while market revenue for regions is in US$ Mn. The market size and forecast for each product segment is provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types of raw materials. Market dynamics prevailing in North America and Europe have been taken into account for estimating the growth of the global market.
 
Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for commonly utilized grades of TOFA in each application has been considered, and the customized product pricing has not been included. Demand for TOFA has been derived by analyzing the global and regional demand for TOFA in each application and end-user segment. The global TOFA market has been analyzed based on expected demand. Market data for each segment is based on volume and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers, based on manufacturer feedback and application requirement. Forecasts have been based on the expected demand from TOFA application and end-user segments. We have used the top-down approach by considering global demand for TOFA. Global demand was further segmented by regions and end-use markets. Application segments were derived through the bottom-up approach, integrating regional demand from end-users. Product segment analysis is based on the composition of TOFA in various regions. The composition of TOFA derived from pine trees is anticipated to be the same over time. Market forecasts are also based on comparative demand for oleic and linoleic acids. Companies were considered for market share analysis based on their product portfolio, revenue, and manufacturing capacities. In the absence of specific data related to the sales of TOFA of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio. Additionally the report includes the manufacturing process of TOFA’s application segments
 
The report covers a detailed competitive outlook which includes the market share and company profiles of key participants operating in the global market. Key players profiled in the report include Arizona Chemical Company, LLC, MeadWestvaco Corporation, Forchem Oy, Georgia Pacific LLC, and Harima Chemicals Group, Inc. The study also includes company profiles of players involved in the end-user segment of tall oil fatty acid. Company profiles include attributes such as company overview, brand overview, financial overview (in terms of financial year), business strategies, and recent/key developments.
 
Tall Oil Fatty Acid Market - Product Segment Analysis
  • Oleic acid
  • Linoleic acid
  • Others (Including linoleic acid, maleic acid, and stearic acid)
Tall Oil Fatty Acid Market - Application Analysis
  • Dimer acid
  • Alkyd resin
  • Fatty acid ester
  • Others (Including dimer acid and fatty acid soaps)
Tall Oil Fatty Acid Market - End-user Analysis
  • Soap & detergents
  • Coatings
  • Lubricants
  • Plastics
  • Fuel additives
  • Metal working fluid
  • Others (Including adhesives, asphalt additives, and biofuel)
Tall Oil Fatty Acid Market - Regional Analysis
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • Sweden
    • Finland
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
.