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Asia Pacific Tallow Fatty Acids Market Size By Product (Saturated [Myristic Acid, Stearic Acid, Palmitic Acid], Monounsaturated, Polyunsaturated), By End-user (Soaps & Detergents, Rubber, Plastics, Personal Care Products) And By Region - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 6281
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Tallow Fatty Acids Market Size and Growth Analysis:

Asia Pacific Tallow Fatty Acids is expected to grow at 3.45% CAGR from 2022 to 2027 and it is estimated that the Asia Pacific market was valued at USD 1.42 billion in 2022 and is relied upon to reach USD 3.49 billion by 2027.

Asia Pacific Tallow Fatty Acids Market Overview

Tallow is a condensed form of beef or mutton fat. It is solid at room temperature. Unlike suet, tallow can be stored for prolonged periods without the need for refrigeration to prevent its decomposition, provided it is kept in an airtight container to prevent oxidation. Tallow Fatty Acid is derived from animal sources such as concentrated beef fat or mutton. Growing demand for soaps and detergents worldwide is expected to be a key driving factor for market growth. Fatty acids such as stearic acid, palmitic acid, and oleic acid are widely used in the manufacturing of soaps and detergents, thus increasing the business for soaps and detergents which in turn will boost the growth of the overall industry. Furthermore, the growing prevalence and stringent policy regarding cleanliness and hygiene in the food and beverage and manufacturing industries will further aid the market growth. Positive growth of the rubber and plastics industry has led to the overall growth of the market. The product is extensively used in the rubber and plastics industry due to its ability to offer stabilizing, lubricating, gelling, and anti-caking characteristics. For instance, stearic acid is used across the rubber processing industry as an anti-tacking and vulcanization agent and in plastics, it is used as an additive.  The rubber and plastic demand from various end-user industries such as building and construction, automotive, packaging, and electronics will drive the Asia Pacific tallow oil fatty acids market size in the near future.

Asia Pacific Tallow Fatty Acids Market Segmentation:

The Asia Pacific market for Tallow Fatty Acids is segmented by

  • Product 

  • End-User

On the basis of the product

  • Saturated,

  • Monounsaturated 

  • Polyunsaturated

The Saturated sub-segment is further segmented into Myristic Acid, Stearic Acid and Palmitic Acid. Saturated tallow fatty acids have long chains of carboxylic acid with 12 to 24 carbon atoms, which are saturated with hydrogen and is primarily used in the manufacturing of soaps and detergents, rubber and plastics, oilfield chemicals and pharmaceuticals. Thus, strong demand for these products will subsequently boost business growth.

 The monounsaturated tallow fatty acids market accounts for the largest share in this market segment due to its extensive use in manufacturing soaps and cosmetics. Increasing consumer focus on personal wellbeing has led to the rapid growth of the cosmetic industry, which in turn will aid the market.

On the basis of the End User, it is segmented into

  • Soaps & Detergents

  • Rubber

  • Plastics

  • Personal Care Products

The product owing to its high conditioning and moisturizing properties is mainly used in manufacturing soaps. Rapid growth in the cleaning and detergents industry due to the improving consumer lifestyle dynamics is further expected to boost the market growth. The product primarily used as stabilizing agents and are effective lubricants that reduce adhesion between vulcanized rubber layers. It also helps in reducing the rubber-metal adhesion, which is an essential requirement in the manufacturing of tires. An increase in automobile manufacturing and sales will increase the product demand for tire manufacturing, which will subsequently drive the Asia Pacific tallow fatty acids market.

Asia Pacific Tallow Fatty Acids Market Geographical Analysis:

On the basis of geography, the Asia Pacific market is analyzed under various regions namely

  • India

  • China

  • Japan

  • Australia

  • South Korea

The Asia Pacific is expected to register the highest growth rate in the coming years due to the growing automotive manufacturing and sales in India, China, Japan and Indonesia is one of the major factor propelling the regional growth. 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. Moreover, 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 boosts the market size in this region.

Asia Pacific Tallow Fatty Acids Market Key players

  1. Godrej Industries

  2. Vantage Oleochemicals Inc.

  3. BASF SE, AkzoNobel

  4. Twin Rivers Technologies

  5. VVF L.LC

  6. FerroMac International

  7. Emery Oleochemicals

  8. Chemol Company Inc.

  9. Colgate Palmolive

  10. Baerlocher GmbH

  11. Chemithon Enterprises

  12. Acme-Hardesty Co

  13. H Foster & Co. Ltd

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