The global tallow fatty acids market is growing at substantial rate, owing to the rising demand from various applications such as rubber, plastics, personal care products, among others across the globe. Further, changing standards of living coupled with the rising awareness regarding personal care products is anticipated to accelerate the market growth of the tallow fatty acids. For instance, according to Trading Economics Statistics on United States Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5200.2 billion in 1959, reaching an all-time high of US$ 15,742.81 billion in November 2018.
Market Dynamics
The global tallow fatty acids market has witnessed significant growth in recent past years, owing to the growing awareness regarding health and hygiene coupled with the increasing population. This is expected to boost the demand for soaps & detergents and thereby fuel the growth of the global tallow fatty acids market during the forecast period.
Moreover, growing rubber industry is also expected to trigger the growth for the tallow fatty acids market during the forecast period. For instance, According to the European Tyre & Rubber Manufacturers Association (ETRMA), Germany’s rubber goods industry was pegged at 815 KT in 2017 which increased to 820 KT in 2018.
Key features of the study:
This report provides in-depth analysis of global tallow fatty acids market size (US$ Million & Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global tallow fatty acids market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes AkzoNobel N.V., Acme-Hardesty Co., H Foster & Co. Ltd., BASF SE, Baerlocher GmbH, Chemithon Enterprises, Chemol Company Inc., Colgate Palmolive, Emery Oleochemicals and LG Household.
Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics
The global Tallow Fatty Acids market report caters to various stakeholders in this industry including investors, suppliers, global tallow fatty acids manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Tallow Fatty Acids market.
Detailed Segmentation:
Global Tallow Fatty Acids Market, By Product Type:
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About the Author
Trupti Joined: March 17th, 2021 Articles Posted: 36
