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Global Tall Oil Fatty Acid Market 2017-2021

  • Published: Dec 2017
  • Pages: 70
  • SKU: IRTNTR15924
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The tall oil fatty acid market will grow at a CAGR of close to 5% by 2021. This industry research report identifies Eastman Chemical Company, Georgia-Pacific Chemicals, Harima Chemicals Group, Ingevity, and Kraton Corporation as the key vendors in the global tall oil fatty acid market. A comprehensive analysis of this market is also presented by end-user (soaps and detergents, plastic additives, coatings, lubricants, fuel additives, and others) and by geography (APAC, Europe, North America, and ROW).

Tall Oil Fatty Acid Market: Key Drivers, Trends, and Challenges

The rising use in soaps and detergents is notably driving the tall oil fatty acid market growth, although factors such as declining production of paper may impede market growth. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tall Oil Fatty Acid Market Driver

One of the key factors driving growth in the tall oil fatty acid market is the rising use in soaps and detergents. The physical state of oil and fats is based on their source or origin. The liquid state indicates soft texture while solid-state indicates hard texture. The improved physical and chemical properties of oils and fats have increased their use in soap and detergents. The growing awareness about the benefits of cleanliness and hygiene is creating a market for products such as soaps and detergents. The use of tall oil fatty acid is preferred due to its low cost, ease of handling, and easy availability. One of the key factors driving growth in the tall oil fatty acid market is the rising use in soaps and detergents. The physical state of oil and fats is based on their source or origin. The liquid state indicates soft texture while solid-state indicates hard texture. The improved physical and chemical properties of oils and fats have increased their use in soap and detergents. The growing awareness about the benefits of cleanliness and hygiene is creating a market for products such as soaps and detergents. The use of tall oil fatty acid is preferred due to its low cost, ease of handling, and easy availability.

Key Tall Oil Fatty Acid Market Trend

The increasing use in the rubber industry is another major factor supporting the tall oil fatty acid market share growth.  Tall oil fatty acid is used as a stabilizing and vulcanizing agent in the manufacturing of rubber. Tall oil fatty acid is largely being used in the automotive industry, specifically in tire manufacturing. The increasing use of rubber mats, mechanical rubber goods, and others will increase the market share of tall oil fatty acid during the forecast period. Tall oil fatty acid with high saturated fat and low unsaturated fat is used for the vulcanization of rubber. Due to the better performance of vulcanized rubber, its demand is increasing globally. As the demand for vulcanized rubber is expected to grow, the use of tall oil fatty acid will also increase in the rubber industry.

Key Tall Oil Fatty Acid Market Challenge

The declining production of paper will be a major challenge for the tall oil fatty acid market. As tall oil fatty acid can be derived from plants, its production capacity is limited. Tall oil fatty acid feedstock is crude tall oil (CTO), which is produced through the wood pulping process associated with the paper milling business. The CTO produced is economical, but it cannot be produced by any other means other than paper milling. The decline in the production of paper due to the restrictions on cutting trees to produce paper will hamper the production rate of CTO, resulting in an overall decline in the production of tall oil fatty acid.

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Who are the Major Tall Oil Fatty Acid Market Vendors?

The tall oil fatty acid market consists of limited multinational players. The key factor driving the market from a competitive perspective is the threat of substitutes such as other plant-based and animal-based fatty acids. Competitors are highly investing in R&D activities to make their products innovative and differentiate their offerings from others.

The leading vendors in the market are –

  • Eastman Chemical Company
  • Georgia-Pacific Chemicals
  • Harima Chemicals Group
  • Ingevity
  • Kraton Corporation

The other prominent vendors in the market are ExxonMobil, Forchem, Pasand Speciality Chemical, Spectrum Chemical Manufacturing, Technical Industries, and Werner G.Smith.

What are the Revenue-generating End-user Segments in the Tall Oil Fatty Acid Market?

  • Soaps and detergents
  • Plastic additives
  • Coatings
  • Lubricants
  • Fuel additives

During 2016, the soaps and detergents segment accounted for the major shares of the tall oil fatty acid market. Factors such as the increasing usage of tall oil fatty acid in the production of soaps and detergents due to its low costs and cleaning properties will contribute to the growth of this industry segment in the coming years.

Which are the Key Regions for Tall Oil Fatty Acid Market?

  • APAC
  • Europe
  • North America
  • ROW

This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the tall oil fatty acid market throughout the forecast period. The rising demand for drilling fluids and lubricants and increasing need for rubber products in the automotive industry in the region will drive the market growth.

What are the Key Factors Covered in this Tall Oil Fatty Acid Market Report?

  • CAGR of the market during the forecast period 2017-2021
  • Detailed information on factors that will drive tall oil fatty acid market growth during the next five years
  • Precise estimation of the tall oil fatty acid market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tall oil fatty acid industry across APAC, Europe, North America, and ROW.
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tall oil fatty acid market vendors

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1. Executive Summary           

2. Scope of the report           

                2.1 Preface

                2.2 Market Overview

                2.3 Major Countries Covered in the Report

                2.4 Currency Conversion Rates for US$

3. Research Methodology   

                3.1 Research Framework

                3.2 Information Sources

4. Introduction         

                4.1 Market outline

5. Market landscape              

                5.1 Market ecosystem

            5.1.1 Parent market or related market

            Exhibit 01: Parent market

                5.2 Market segmentation analysis

            Exhibit 02:  Market Segments

6. Market sizing       

                6.1 Global tall oil fatty acid market

            Exhibit 03: Market size 2016

            Exhibit 04: Validation techniques employed for market sizing - 2016

                6.2 Market size and forecast 2016-2021

Exhibit 05: Global tall oil fatty acid market – Market size and forecast 2016-2021 ($ millions)

Exhibit 06: Global tall oil fatty acid market – Year-over-year growth 2017-2021 (% share)

7. Five forces analysis            

            Exhibit 07: Five forces analysis 2016

                7.1 Bargaining power of buyers

                7.2 Bargaining power of suppliers

                7.3 Threat of new entrants

                7.4 Threat of substitutes

                7.5 Threat of rivalry

                7.6 Market condition

            Exhibit 08:    Five forces analysis

8. Market segmentation by end-user             

                8.1 Overview: Global tall oil fatty acid market by end-user

            Exhibit 09:    Global tall oil fatty acid market by end-user – Market share 2016-2021 (%)

                8.2 Comparison by end-user

            Exhibit 10:     Comparison by end-user

                8.3 Soaps and detergents – Market size and forecast 2016-2021

            Exhibit 11:    Soaps and detergents – Market size and forecast 2016-2021 ($ millions)

            Exhibit 12:    Soaps and detergents – Year-over-year growth 2017-2021 (% share)

                8.4 Plastic additives – Market size and forecast 2016-2021

            Exhibit 13:    Plastic additives – Market size and forecast 2016-2021 ($ millions)

            Exhibit 14:    Plastic additives – Year-over-year growth 2017-2021 (% share)

                8.5 Coatings – Market size and forecast 2016-2021

            Exhibit 15:    Coatings – Market size and forecast 2016-2021 ($ millions)

            Exhibit 16:    Coatings – Year-over-year growth 2017-2021 (% share)

                8.6 Lubricants – Market size and forecast 2016-2021

            Exhibit 17:    Lubricants – Market size and forecast 2016-2021 ($ millions)

            Exhibit 18:    Lubricants – Year-over-year growth 2017-2021 (% share)

                8.7 Fuel-additives – Market size and forecast 2016-2021

            Exhibit 19:    Fuel-additives – Market size and forecast 2016-2021 ($ millions)

            Exhibit 20:    Fuel-additives – Year-over-year growth 2017-2021 (% share)

                8.8 Other end-users – Market size and forecast 2016-2021

            Exhibit 21:    Other end-users – Market size and forecast 2016-2021 ($ millions)

            Exhibit 22:    Other end-users – Year-over-year growth 2017-2021 (% share)

                8.9 Market opportunity by end-user

            Exhibit 23:    Market opportunity by end-user

9. Regional landscape           

                9.1 Geographical segmentation

Exhibit 24:    Global tall oil fatty acid market – Market share by geography 2016-2021 (%)

                9.2 Regional comparison

            Exhibit 25:    Regional comparison

                9.3 North America – Market size and forecast 2016-2021

            Exhibit 26:    North America – Market size and forecast 2016-2021 ($ millions)

            Exhibit 27:    North America – Year-over-year growth 2017-2021 (% share)

                9.4 Europe – Market size and forecast 2016-2021

            Exhibit 28:    Europe – Market size and forecast 2016-2021 ($ millions)

            Exhibit 29:    Europe – Year-over-year growth 2017-2021 (% share)

                9.5 APAC – Market size and forecast 2016-2021

            Exhibit 30:    APAC – Market size and forecast 2016-2021 ($ millions)

            Exhibit 31:    APAC – Year-over-year growth 2017-2021 (% share)

                9.6 ROW – Market size and forecast 2016-2021

            Exhibit 32:    ROW – Market size and forecast 2016-2021 ($ millions)

            Exhibit 33:    ROW – Year-over-year growth 2017-2021 (% share)

                9.7 Key leading countries

            Exhibit 34:    Key leading countries

                9.8 Market opportunity

10. Decision framework       

                10.1 Identifying the framework

11. Drivers and Challenges 

                11.1 Identifying factors impacting market growth

            11.1.1 Market drivers

                11.2 Identifying factors that impede market growth

            11.2.1 Market challenges

                11.3 Impact of drivers and challenges

12. Market trends   

                12.1 Increasing use in rubber industry

                12.2 Demand for lubricating agents

13. Vendor landscape            

                13.1 Competitive Landscape

                13.2 Key vendors in global tall oil fatty acid market

            Exhibit 35:    Key vendors in global tall oil fatty acid market 2016

                13.3 Other prominent vendors

14. Vendor analysis

                14.1 Vendor overview

                14.2 Eastman Chemical Company

            14.2.1 Business overview

            14.2.2 Business segmentation by revenue 2016

            Exhibit 36:    Eastman Chemical Company: Business segmentation by revenue 2016

            14.2.3 Geographical segmentation by revenue 2016

            Exhibit 37:    Eastman Chemical Company: Geographical segmentation by revenue 2016

            14.2.4 Eastman Chemical Company in tall oil fatty acid market

                14.3 Georgia-Pacific Chemicals

            14.3.1 Business overview

            14.3.2 Business segmentation by revenue 2016

            Exhibit 38:    Georgia-Pacific Chemicals: Business segmentation by revenue 2016

            14.3.3 Geographical segmentation by revenue 2016

            Exhibit 39:    Georgia-Pacific Chemicals: Geographical segmentation by revenue 2016

            14.3.4 Georgia-Pacific in tall oil fatty acid market

            Exhibit 40:    Georgia-Pacific: Tall oil fatty acid products and their uses

                14.4 Harima Chemicals Group

            14.4.1 Business overview

            14.4.2 Business segmentation by revenue 2016

            Exhibit 41:    Harima Chemicals Group: Business segmentation by revenue 2016

            14.4.3 Geographical segmentation by revenue 2016

            Exhibit 42:    Harima Chemicals Group: Geographical segmentation by revenue 2016

            14.4.4 Harima Chemicals Group in tall oil fatty acid market

                14.5 Ingevity

            14.5.1 Business overview

            14.5.2 Business segmentation by revenue 2016

            Exhibit 43:    Ingevity: Business segmentation by revenue 2016

            14.5.3 Geographical segmentation by revenue 2016

            Exhibit 44:    Ingevity: Geographical segmentation by revenue 2016

            14.5.4 Ingevity in tall oil fatty acid market

                14.6 Kraton Corporation

            14.5.1 Business overview

            14.5.2 Business segmentation by revenue 2016

            Exhibit 45:    Kraton Corporation: Business segmentation by revenue 2016

            14.5.3 Geographical segmentation by revenue 2016

            Exhibit 46:    Kraton Corporation: Geographical segmentation by revenue 2016

            14.6.4 Kraton Corporation in tall oil fatty acid market

15. Appendix            

                15.1 List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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