Tallow Fatty Acids Market Size SWOT analysis and Key Business Strategies, Demand & Forecast – 2030Posted by Roger on April 4th, 2023 The Tallow Fatty Acids market is a segment of the oleochemicals industry and is expected to witness significant growth in the coming years. Tallow is a byproduct of the meat industry, primarily sourced from cattle, sheep, and pigs. Tallow fatty acids are derived from the hydrolysis of tallow, and are used in a wide range of applications. Market Overview: The global tallow fatty acids market size was valued at USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2028, growing at a CAGR of 5.1% during the forecast period. The market growth is driven by the increasing demand for tallow fatty acids in various end-use industries, including soaps and detergents, rubber, plastics, personal care products, and others. Product Types: The tallow fatty acids market can be segmented based on product type into oleic acid, stearic acid, palmitic acid, myristic acid, and others. Oleic acid accounted for the largest share of the market in 2020, owing to its high demand in the manufacturing of soaps, detergents, and personal care products. End-Use Industries: The tallow fatty acids market can be segmented based on end-use industries into soaps and detergents, rubber, plastics, personal care products, and others. Soaps and detergents accounted for the largest share of the market in 2020, owing to the high demand for tallow fatty acids as a raw material in the production of soaps and detergents. Regional Analysis: The global tallow fatty acids market can be segmented based on geography into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific accounted for the largest share of the market in 2020, owing to the high demand for tallow fatty acids in the manufacturing of soaps and detergents in the region. The increasing population, rising disposable income, and changing lifestyles in the region are also driving the demand for tallow fatty acids. Market Report Full Info - https://www.coherentmarketinsights.com/market-insight/tallow-fatty-acids-market-4187 Key Players: Some of the major players operating in the tallow fatty acids market include 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 Conclusion: The global tallow fatty acids market is expected to witness significant growth in the coming years, owing to the increasing demand for tallow fatty acids in various end-use industries, particularly in the soaps and detergents industry. The market is highly competitive, with major players focusing on mergers and acquisitions, partnerships, and collaborations to expand their market presence. About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author |