Transparency Market Research has published a new report titled “Tall
Oil Fatty Acid Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2022.” According to the report,
the global tall oil fatty acid market was valued at US$ 725.1 Mn in
2013 and is likely to reach US$ 1,050.0 Mn in 2022, expanding at a
CAGR of 4.2% between 2014 and 2022.Tall oil fatty acid, commonly
abbreviated as TOFA, is obtained as a by-product of the paper and
pulp manufacturing process. Pine trees along with other coniferous
trees are the primary raw materials for this chemical.
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TOFA accounts for about 30% of the yield of crude tall oil after
fractional distillation, while the rest of the products obtained are
tall oil rosin (TOR), distilled tall oil (DTO), and pitch fuel. TOFA
is further processed to produce intermediate chemicals. These are
used in various industries. Composition of TOFA is skewed largely
towards long chain fatty acids such as oleic acid and linoleic acid.
Demand for these products accounts for majority of applications of
TOFA. However, the composition of oleic acid and linoleic acid in
TOFA varies with region to region, owing to the difference in
climatic conditions and soil.
In terms of product types, the TOFA market can be segmented into
oleic acid, linoleic acid, and others. Oleic acid and linoleic acid
account for more than 80% of TOFA. Tall oil fatty acid is primarily
used in the production of intermediates such as alkyd resins, dimer
acids, and fatty acid esters. Alkyd resins account for the largest
demand among all intermediates manufactured from TOFA. Soaps &
detergents, paints & coatings, plastic additives, fuel additives,
lubricants, metal working fluids, and adhesives are some of the major
end-use industries for TOFA. Soaps & detergents and coatings hold
the largest market share of TOFA in terms of volume.
Led by the U.S., North America held the largest share of the global
demand for tall oil fatty acid in 2013. Europe followed North America
in terms of demand for tall oil fatty acid in 2013. The market for
tall oil fatty acid in Asia Pacific is the nascent stage; Japan
accounts for the bulk of the demand for TOFA in Asia Pacific.
However, the TOFA market in the region is likely to expand at a brisk
pace during the forecast period.
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Market Research Report with ToC & Analysis :
The report provides an in-depth analysis of the tall oil fatty acid
market in terms of volume (kilo tons) and revenue (US$ Mn). It
includes current demand analysis and forecast for each product
segment, application segment, and end-user segment at the global and
regional level. Regions analyzed include North America, Europe, Asia
Pacific, Latin America (LATAM), and the Middle East and Africa (MEA).
Each region has been further sub-segmented into main countries or
regions.
The
report comprises the following segments:
Tall
Oil Fatty Acid Market - Product Segment Analysis
- Oleic acid
- Linoleic acid
- Others (Including linoleic acid, maleic acid, and stearic acid)
Tall
Oil Fatty Acid Market - Application Analysis
- Dimer acid
- Alkyd resin
- Fatty acid ester
- Others (Including dimer acid and fatty acid soaps)
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