Tallow Fatty Acids Market Analysis

Tallow Fatty Acids Market Analysis

Saturated tallow fatty acids market size is forecast to exhibit gains more than 2% CAGR from 2017 to 2024. The product has long chains of carboxylic acid with 12 to 24 carbon atoms, which are saturated with hydrogen. It is majorly used in production of soaps & detergents, rubber & plastics, oilfield chemicals and pharmaceuticals. Thus, strong demand for these products will subsequently boost business growth.
 

Monounsaturated tallow fatty acids market share led the global business in 2016. These are majorly use in used in manufacturing soaps and cosmetics. Increasing cosmetic demand on account of increasing consumer focus towards personal wellbeing will positively impact on the global monounsaturated tallow fatty acids market size in the coming years.
 

The global tallow fatty acids market size for soaps and detergents was more than USD 500 million in 2016. The product owing to its high conditioning and moisturizing properties is mainly used in manufacturing soaps. Thus, robust growth in the cleaning and detergents industry on account of improving consumer lifestyle dynamics is analyzed to be the major factor propelling the industry size.
 

Rubber applications is forecast to witness growth more than 2% over the forecast period. The product primarily used as stabilizing agents and are effective lubricants which reduce adhesion between unvulcanized rubber layers. It also helps in improving the rubber-metal adhesion, which is an essentially required in manufacturing tires. Increasing automobile manufacturing and sales will increasing product demand for tire manufacturing, which we subsequently drive the global tallow fatty acids market size by 2024.
 

North America tallow fatty acids market size was more than USD 950 million in 2016. Prevalence of strict government regulations in order to maintain hygiene across food & beverage and medical industry will is a prime factor propelling industry growth in the region. Strong automotive manufacturing and sales is another factor pushing the regional industry for rubber applications. Furthermore, increasing plastic demand in the region due to prevalence of substantial end-user industries such as automotive, electronics, etc. will complement regional growth.
 

Asia Pacific is forecast to experience prominent growth over the forecast timeframe. Positive growth indicators in the regional FMCG sector is the chief factor driving the overall industry growth in the region, as soaps and detergents are one of the important consumer goods. Escalating automotive manufacturing and sales in China, India, Japan and Indonesia is one amongst the major factor propelling the regional growth. In addition, prominent growth in the regional end-user businesses such as electronics and construction has substantially stimulated the overall rubber and plastic demand in the region, which in turn proliferates the tallow fatty acids market size in the region.