Transparency Market Research has announced the addition of the "Tall Oil Fatty Acid (Oleic Acid, Linoleic acid, and Others) Market by Applications (Dimer Acids, Alkyd Resins, Fatty Acid Esters, and Others) for Soaps & Detergents, Coatings, Lubricants, Plastics, Fuel Additives, Metal Working Fluids, and Other End-user Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" report to their offering.
According to the report, the global tall oilfatty acid market was valued at US$ 725.1 Mn in 2013 and is likelyto 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 asTOFA, is obtained as a by-product of the paper and pulpmanufacturing process. Pine trees along with other coniferous treesare the primary raw materials for this chemical. TOFA accounts forabout 30% of the yield of crude tall oil after fractionaldistillation, while the rest of the products obtained are tall oilrosin (TOR), distilled tall oil (DTO), and pitch fuel. TOFA isfurther processed to produce intermediate chemicals. These are usedin various industries. Composition of TOFA is skewed largelytowards long chain fatty acids such as oleic acid and linoleicacid. Demand for these products accounts for majority ofapplications of TOFA. However, the composition of oleic acid andlinoleic acid in TOFA varies with region to region, owing to thedifference in climatic conditions and soil.
In terms of product types, the TOFA market canbe segmented into oleic acid, linoleic acid, and others. Oleic acidand linoleic acid account for more than 80% of TOFA. Tall oil fattyacid is primarily used in the production of intermediates such asalkyd resins, dimer acids, and fatty acid esters. Alkyd resinsaccount for the largest demand among all intermediates manufacturedfrom TOFA. Soaps & detergents, paints & coatings, plasticadditives, fuel additives, lubricants, metal working fluids, andadhesives are some of the major end-use industries for TOFA. Soaps& detergents and coatings hold the largest market share of TOFAin terms of volume.
Led by the U.S., North America held the largestshare of the global demand for tall oil fatty acid in 2013. Europefollowed North America in terms of demand for tall oil fatty acidin 2013. The market for tall oil fatty acid in Asia Pacific is thenascent stage; Japan accounts for the bulk of the demand for TOFAin Asia Pacific. However, the TOFA market in the region is likelyto expand at a brisk pace during the forecast period.
The report provides an in-depth analysis of thetall oil fatty acid market in terms of volume (kilo tons) andrevenue (US$ Mn). It includes current demand analysis and forecastfor each product segment, application segment, and end-user segmentat the global and regional level. Regions analyzed include NorthAmerica, Europe, Asia Pacific, Latin America (LATAM), and theMiddle East and Africa (MEA). Each region has been furthersub-segmented into main countries or regions.