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Research analysis on the global tallow fatty acid market identifies that the increased demand for monounsaturated fatty acid will be one of the major factors that will have a positive impact on the growth of the market. Monounsaturated fatty acid contains C16 and C18 groups and is mainly used in the soap and detergent, and cosmetic industries. Manufacturers of the skin care and cosmetics industry produce various cleaning and grooming products using monounsaturated fatty acid as one of the main raw materials. It is gaining popularity among both manufacturers and consumers because it exhibits multiple benefits such as reducing the risk of stroke, heart diseases, and diseases like cancer. The consumption of monounsaturated fats benefit consumers by quickening the absorption of nutrients, especially the fat-soluble vitamins such as vitamin A, D, E, and K. Technavio's market research analysts predict that this global market will post a revenue of close to USD 3 billion by 2021.
Various industrialists of the food and pharmaceutical industries in North America are witnessing an increased application of tallow based fatty acid in the production process due to regulations by the government to maintain the hygiene. In addition, the demand for tallow fatty acid in the production of tires and other rubber-based parts will continue to increase in the region due to growth in the automotive industry. Furthermore, the rate of tallow fatty acid production is also witnessing growth due to the easy availability of tallow feedstocks.
The tallow fatty acid market is moderately concentrated due to the presence of global and regional vendors. These vendors use tallow fatty acid to blend with high-impact polystyrene. This in turn, offers conditioning and hardness in soaps and detergents. Vendors cater to their end-users such as the cosmetic industry as the chemical properties of tallow fatty acid improve the quality of cosmetics and personal care products.
Key vendors in this market are -
Other prominent vendors in the market include Baerlocher, Emery Oleochemicals, Twin Rivers Technologies, and VVF.
The monounsaturated fatty acid segment is gaining traction as the presence of C18 and C16 groups makes it ideal for the production of tallow soap and detergents and cosmetic products. It is known to maintain a healthy and glowing skin by retaining the water level in the epidermis. The demand for monounsaturated tallow fatty acid from the personal care industry will continue to increase throughout the estimated period due to the rising awareness of consumers about a healthy lifestyle.
Tallow fatty acid is increasingly used in the production of soaps and detergents as they have high conditioning and moisturizing properties. Also, it is used in laundry bars because it provides a nice creamy lather and a hard bar-like structure to the soap. The soaps and detergents segment will continue to be the largest end-user during the projected period due to the rising application of tallow fatty acid as a raw material in the formation of shampoo products.
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This upcoming report on the global tallow fatty acids market is an essential part of the chemicals and materials portfolio under the fast-growing subdivision like specialty chemicals. This report aims at approximating the major trends and market drivers that induce the growth of the specialty chemicals industry.
The increasing demand from rubber industry may influence the demand for tallow fatty acids in the coming years as predicted by our market specialists. Additionally, geographies like the North America, APAC, Europe, and ROW are covered by this report on the global tallow fatty acids market to offer clients the scope to identify potential market opportunities and expand in niche markets.
Vendors like H Foster and co ltd, Twin-river technologies,?Acme-Hardesty, Chemithon enterprises, LG Household & Health Care, FerroMac Industries, Godrej Industries, Chemol Company, Emery Oleochemicals, Colgate Palmolive, BASF, and Akzonobel are covered under this upcoming industry research report on the global tallow fatty acids market. This industry research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape.
This upcoming market research report on the global tallow fatty acids market also offers insights into the challenges faced by this industry like stringent government regulations and cultural and religion issues. Technavio also provides insights into the sectors such as metals and minerals and bio-chemicals and bio-materials. Furthermore, this report also presents visions into the varying competitive landscape and gives clients a realistic picture of the future direction of the industry.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
PART 15: Quality Assurance Checklist
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.
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