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 - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2024

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 - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2024

ID: 6496 | Pages: 175 | October 2018 | Region: Global


Tallow Fatty Acids is expected to grow at 2.50% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 2.61 billion in 2018 and is relied upon to reach USD 2.95 billion by 2023.

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 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 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, 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 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 global tallow oil fatty acids market size in the near future.

The global market for Tallow Fatty Acids is segmented by Product and End User. On the basis of Product, it is segmented into Saturated, Monounsaturated and 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.

 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, 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 which 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 global tallow fatty acids market.

On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Africa and Middle East. North America accounts for the largest share of the market followed by Europe and Asia Pacific. 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. Strong automotive manufacturing and sales is another factor pushing the regional industry for rubber applications. Furthermore, increasing demand for plastic in this region due to rising prevalence of substantial end-user industries such as automotive, electronics, etc. will complement regional growth. 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 amongst 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.

Some of the companies dominating the market are Godrej Industries, Vantage Oleochemicals Inc., BASF SE, AkzoNobel, Twin Rivers Technologies, VVF L.LC, FerroMac International, LG Household and Healthcare, Limited, Emery Oleochemicals, Chemol Company Inc., Colgate Palmolive, Baerlocher GmbH, Chemithon Enterprises, Acme-Hardesty Co. and H Foster & Co. Ltd.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Saturated

                                                5.1.2.1 Myristic Acid

                                                5.1.2.2 Stearic Acid

                                                5.1.2.3 Palmitic Acid

                                5.1.3 Monounsaturated               

                                5.1.4 Polyunsaturated   

                                5.1.5  Y-o-Y Growth Analysis, By Product              

                                5.1.6  Market Attractiveness Analysis, By Product            

                                5.1.7  Market Share Analysis, By Product              

                5.2 End-user                      

                                5.2.1 Introduction           

                                5.2.2 Soaps & Detergents            

                                5.2.3 Rubber     

                                5.2.4 Plastics      

                                5.2.5 Personal Care Products     

                                5.2.6 Y-o-Y Growth Analysis, By End-user             

                                5.2.7 Market Attractiveness Analysis, By End-user           

                                5.2.8 Market Share Analysis, By End-user             

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By End-user

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By End-user

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By End-user

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 BASF SE                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Godrej Industries                    

                8.3 Vantage Oleochemicals Inc.                

                8.4 AkzoNobel                  

                8.5 Twin Rivers Technologies                     

                8.6  VVF L.LC                      

                8.7 FerroMac International                         

                8.8 LG Household and Healthcare Limited                            

                8.9 Emery Oleochemicals                             

                8.10 Chemol Company Inc.                         

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product, by End user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

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  1. Global Tallow Fatty Acids Market By Region, From 2019-2024 ( USD Billion )
  2. Global Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  3. Global Saturated Market By Region, From 2019-2024 ( USD Billion )
  4. Global Monounsaturated Market By Region, From 2019-2024 ( USD Billion )
  5. Global Polyunsaturated Market By Region, From 2019-2024 ( USD Billion )
  6. Global Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  7. Global Soaps and Detergents Market By Region, From 2019-2024 ( USD Billion )
  8. Global Rubber Market By Region, From 2019-2024 ( USD Billion )
  9. Global Plastics Market By Region, From 2019-2024 ( USD Billion )
  10. Global Personal Care Products Market By Region, From 2019-2024 ( USD Billion )
  11. North America Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  12. North America Saturated Market By Region, From 2019-2024 ( USD Billion )
  13. North America Monounsaturated Market By Region, From 2019-2024 ( USD Billion )
  14. North America Polyunsaturated Market By Region, From 2019-2024 ( USD Billion )
  15. North America Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  16. North America Soaps and Detergents Market By Region, From 2019-2024 ( USD Billion )
  17. North America Rubber Market By Region, From 2019-2024 ( USD Billion )
  18. North America Plastics Market By Region, From 2019-2024 ( USD Billion )
  19. North America Personal Care Products Market By Region, From 2019-2024 ( USD Billion )
  20. United States Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  21. United States Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  22. Canada Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  23. Canada Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  24. Europe Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  25. Europe Saturated Market By Region, From 2019-2024 ( USD Billion )
  26. Europe Monounsaturated Market By Region, From 2019-2024 ( USD Billion )
  27. Europe Polyunsaturated Market By Region, From 2019-2024 ( USD Billion )
  28. Europe Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  29. Europe Soaps and Detergents Market By Region, From 2019-2024 ( USD Billion )
  30. Europe Rubber Market By Region, From 2019-2024 ( USD Billion )
  31. Europe Plastics Market By Region, From 2019-2024 ( USD Billion )
  32. Europe Personal Care Products Market By Region, From 2019-2024 ( USD Billion )
  33. U.K. Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  34. U.K. Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  35. Germany Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  36. Germany Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  37. France Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  38. France Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  39. Italy Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  40. Italy Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  41. Spain Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  42. Spain Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  43. Asia Pacific Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  44. Asia Pacific Saturated Market By Region, From 2019-2024 ( USD Billion )
  45. Asia Pacific Monounsaturated Market By Region, From 2019-2024 ( USD Billion )
  46. Asia Pacific Polyunsaturated Market By Region, From 2019-2024 ( USD Billion )
  47. Asia Pacific Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  48. Asia Pacific Soaps and Detergents Market By Region, From 2019-2024 ( USD Billion )
  49. Asia Pacific Rubber Market By Region, From 2019-2024 ( USD Billion )
  50. Asia Pacific Plastics Market By Region, From 2019-2024 ( USD Billion )
  51. Asia Pacific Personal Care Products Market By Region, From 2019-2024 ( USD Billion )
  52. Japan Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  53. Japan Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  54. China Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  55. China Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  56. India Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  57. India Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  58. Australia Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  59. Australia Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  60. South Korea Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  61. South Korea Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  62. Latin America Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  63. Latin America Saturated Market By Region, From 2019-2024 ( USD Billion )
  64. Latin America Monounsaturated Market By Region, From 2019-2024 ( USD Billion )
  65. Latin America Polyunsaturated Market By Region, From 2019-2024 ( USD Billion )
  66. Latin America Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  67. Latin America Soaps and Detergents Market By Region, From 2019-2024 ( USD Billion )
  68. Latin America Rubber Market By Region, From 2019-2024 ( USD Billion )
  69. Latin America Plastics Market By Region, From 2019-2024 ( USD Billion )
  70. Latin America Personal Care Products Market By Region, From 2019-2024 ( USD Billion )
  71. Brazil Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  72. Brazil Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  73. Argentina Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  74. Argentina Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  75. Mexico Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  76. Mexico Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  77. Rest of Latin America Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  78. Rest of Latin America Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  79. Middle East and Africa Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  80. Middle East and Africa Saturated Market By Region, From 2019-2024 ( USD Billion )
  81. Middle East and Africa Monounsaturated Market By Region, From 2019-2024 ( USD Billion )
  82. Middle East and Africa Polyunsaturated Market By Region, From 2019-2024 ( USD Billion )
  83. Middle East and Africa Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  84. Middle East and Africa Soaps and Detergents Market By Region, From 2019-2024 ( USD Billion )
  85. Middle East and Africa Rubber Market By Region, From 2019-2024 ( USD Billion )
  86. Middle East and Africa Plastics Market By Region, From 2019-2024 ( USD Billion )
  87. Middle East and Africa Personal Care Products Market By Region, From 2019-2024 ( USD Billion )
  88. Middle East Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  89. Middle East Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
  90. Africa Tallow Fatty Acids Market By Product, From 2019-2024 ( USD Billion )
  91. Africa Tallow Fatty Acids Market By End-user, From 2019-2024 ( USD Billion )
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