Latin America Tallow Fatty Acids Market

Latin America Tallow Fatty Acids Market Size, Share, Growth (2022-2027)

Latin America market was valued at USD xx billion in 2022 to reach USD xx billion by 2027 to grow at 5.61% CAGR from (2022 - 2027)

Latin America Tallow Fatty Acids Market Overview

Tallow is a condensed form of beef or mutton fat. It is a solid at room temperature. Unlike suet, tallow can be stored for prolonged periods without 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 the market growth. Fatty acids such as stearic acid, palmitic acid and oleic acid are widely used in manufacturing of soaps and detergents, thus increasing the business for soaps and detergent which in turn will boost the growth of 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 rubber and plastics industry growth has led to the market's overall growth. 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 agents and in plastics it is used as additives.  The rubber and plastic demand from various end-user industries such as building and construction, automotive, packaging, and electronics will drive the Latin America tallow oil fatty acids market size in the near future.

Latin America Tallow Fatty Acids Market Segmentation

• by Product

• End User

On the basis of Product,

• Saturated

• Monounsaturated

• Polyunsaturated

The Saturated sub-segment is further segmented 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. 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 towards personal wellbeing has led to the rapid growth of the cosmetic industry, which in turn will aid the market.

On the basis of End User, 

• 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 which reduces 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 Latin America tallow fatty acids market.

Latin America Tallow Fatty Acids Market Regional Analysis

• Brazil

• Argentina

• Mexico

Presence of stringent government policies in order to maintain hygiene across food and beverage and medical industry is a prime factor driving the industry growth. 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.

Latin America Tallow Fatty Acids Market Keyplayers

1. Godrej Industries

2. Vantage Oleochemicals Inc.

3. BASF SE

4. AkzoNobel

5. Twin Rivers Technologies

6. VVF L.LC

7. FerroMac International

8. LG Household and Healthcare Limited

9. Emery Oleochemicals

10. Chemol Company Inc.

11. Colgate Palmolive

12. Baerlocher GmbH

13. Chemithon Enterprises

14. Acme-Hardesty Co

15. H Foster & Co. Ltd.