Published Date: 26-Sep-2021
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According to a new report Global Tallow Fatty Acid Market, published by KBV research, The Global Tallow Fatty Acid Market size is expected to reach $137.8 billion by 2027, rising at a market growth of 11.3% CAGR during the forecast period.
The solid segment dominated the market by acquiring maximum market share in 2020 and will exhibit the similar kind of trend during the forecast period. In addition, the growing demand for downstream industries like oleochemicals, pet food, biodiesel, and poultry are driving the growth of this segment.
The saturated fatty acids segment is anticipated to acquire the highest growth rate during the forecast period. The high application of saturated fatty acid is found in the production of rubber & plastics, oilfield chemicals and pharmaceuticals, and soaps & detergents. This acid is made up of long chains of the carboxylic acid with 12 to 24 carbon atoms and later are saturated with hydrogen.
Asia-Pacific is expected to display the highest growth rate over the forecast year. Manufacturers of cosmetic and personal care utilize tallow-based stearic acids in items like eyeliners, foundations, and face powders. In addition, tallow fatty acid finds its excessive applications in plastic and rubber industries because it offers gelling, stabilizing, and lubricating properties. These factors are propelling the demand for the tallow fatty acid and hence, are anticipated to augment the growth of the tallow fatty acid market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ajinomoto Co., Inc., Baker Commodities, Inc., Australian Tallow Producers, Cargill Corporation, Darling Ingredients, Jacob Stern & Sons, Inc., SARIA A/S GmbH & Co. KG, Parchem - fine & specialty chemicals, Cailà & Parés, S.A., and Vantage Specialty Chemicals (Jordan Company).
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