© 2016 Global Market Insights, Inc. USA. All Rights Reserved Tall Oil Fatty Acid Market by Product Type, Players and Regions-Forecast to 2024

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Tall Oil Fatty Acid Market size will exceed USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.  Global cleaning products market will likely grow beyond USD 100 billion by the end of 2024 with a CAGR over 5% in the forecast span. Increasing numbers of healthcare facilities in the emerging countries and strict government mandates pertaining to cleanliness of the medical institutions will further boost the tall oil fatty acid market growth.  Increasing demand for naturally derived fatty acid based biofuel may create new market avenues for overall tall oil fatty acid market in coming years. Several developed nations promote the usage of bio-based fuels in order to mitigate greenhouse emissions as well as to conserve the fossil fuel reserves. Acceptance of biofuel in all countries may take a few decades owing to varying economic conditions. Global Market Scenario of Tall Oil Fatty Acid Industry

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Substitute products in the topical countries may create a negative impact on the global tall oil fatty acid market as the product is principally derived from coniferous trees. Palm kernel, palm, and coconut oil based products are commonly used oleochemicals used in soap manufacturing in these countries.  Tall oil fatty acid market segmentation on the basis of products is done into oleic acids, linoleic acids, and other carboxylic acids such as palmitic acids, stearic acids, etc. Oleic acids will hold sway in the coming years owing to extensive usage in manufacturing soaps as well as in fuel additives and corrosion inhibitors in oil rigs.  Linoleic acid will also account for a significant share of the global tall oil fatty acid market in 2024 owing to its wide application range in paints & coatings, and adhesive & sealant manufacturing. This segment will witness a healthy growth with a CAGR close to 4.5% in the forecast span. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Tall Oil Fatty Acid Market size, by end-user, (USD Million)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Tall Oil Fatty Acid Market, By Product Oleic acids and linoleic acids account for majority of the global tall oil fatty acid market share. Other product types include stearic acids, palmitic acids, unsaponifiables, etc., which account for less than a fifth of the total share.  Tall Oil Fatty Acid Market, By End-User Several end-user industries such as soap & detergents, fuel additives, coatings, plastics, lubricants, metalworking fluid, etc. find the application of the product or its derivatives. Soap & detergents industry accounted for more than a quarter of the global tall oil fatty acid market share in 2016 and will witness a sluggish growth in comparison to other segments.  Tall Oil Fatty Acid Market, By Region North America, led by the U.S., will likely hold sway the global tall oil fatty acid market with more than 40% of the overall share in Asia Pacific tall oil fatty acid market will likely witness a significant growth at around 5% CAGR owing to increasing awareness in the region. 360° Analysis

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