Tallow Fatty Acids Market Is Likely to Experience a Strong Growth During 2022-2027
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Stratview Research has published a new report on the Tallow Fatty Acids Market, segmented by Product Type (Saturated Fatty Acids [Stearic Acid, Myristic Acid, and Palmitic Acid], Monounsaturated Fatty Acids, and Polyunsaturated Fatty Acids), by End-User Type (Soaps & Detergents, Rubber, Plastics, Personal Care Products, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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Market Highlights
Tallow Fatty Acids Market is likely to witness a CAGR of 2.8% during the forecast period. Growing rubber and plastics industry and rising product demand in manufacturing soaps & detergents are some of the key factors accelerating the growth of the market over the forecast period.
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the Tallow Fatty Acids Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the product type, the market is segmented as saturated fatty acids, monounsaturated fatty acids, and polyunsaturated fatty acids. Saturated fatty acid is estimated to witness significant growth in the market during the forecast period on account of its wide utilization in production of soaps & detergents, oilfield chemicals and pharmaceuticals, and rubber & plastics. On the other hand, monounsaturated fatty acids are estimated to hold significant share of the market owing to growing cosmetic products’ demand among consumers.
Based on the end-user type, the market is segmented as soaps & detergents, rubber, plastics, personal care products, and others. Soaps & detergents are estimated to account for the major share of the market over the forecast period. Tallow fatty acid is mainly used in manufacturing soaps, owing to its high conditioning and moisturizing properties, which drives the growth of the segment. Thus, vigorous growth in the cleaning and detergents industry on account of improving consumer lifestyle is expected to fuel the growth of the market. On the other hand, rubber is estimated to witness significant growth in the market, majorly on account of increasing automobile manufacturing and sales, eventually giving rise to the product demand for tire manufacturing.
Following are the key players in the Tallow Fatty Acids Market:
· AkzoNobel
· BASF SE
· Chemol Company Inc.
· Emery Oleochemicals
· FerroMac International NV
· Godrej Industries
· LG Household and Healthcare, Limited
· Twin Rivers Technologies
· Vantage Oleochemicals, Inc.
· VVF LLC.
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