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Tallow fatty acid is a class of fatty acids derived of fat produced by animals, primarily of bovines. These acids are a blend of unsaturated acid like palmitoleic, oleic and linoleic acid and saturated fatty acids like myristic, palmitic, and stearic acid. These acids are produced by retaining the same fatty acid distribution as of tallow. Distillation partial hydrogenation is performed on the product that increases the stability of the product. It is mainly used in producing soaps, detergents, and cosmetic industries. Increasing product usage in rubber & plastics industry shall boost the industry growth during the forecast timeframe. Tallow fatty acid is used in rubber and plastic industry due to its ability to offer gelling, anti-caking, stabilizing, and lubricating properties.
The increasing demand for the monosaturated fatty acids like palmitoleic, oleic and linoleic acid for producing soaps, and detergents shall foster the market growth. These fatty acids contain C16 and C18 groups and which are mainly used in the soap and detergent, and cosmetic industries. Skin care and cosmetics manufacturers produce a variety of cleaning as well as grooming products using tallow fatty acid as one of the major raw material. The rising popularity of tallow acids in manufacturers and consumers due to its multiple benefits like reducing the risk of stroke, heart diseases, and cancer is driving the market growth. Tallow fatty acid is increasingly used in the production of soaps and detergents attributed to the high conditioning and moisturizing properties. Additionally, it is used in laundry soaps as it provides creamy lather and a hard bar-like structure to the soap. The product is also widely used in the rubber and plastics industry due to its ability to offer characteristic properties like stability, gelling property, lubricating and anti-caking characteristics.
Key Market Driver -
Increasing demand for soaps & detergent production
Key Market Restraint -
Threat from alternatives like vegetable oils.
However, shifting industrial trends and theats of alternatives like use of vegetable oil instead of tallow fatty acids is expected to hamper the market growth. For instance, palm oil is a stiff competitor for the tallow fatty acid market. But, the rising applications of tallow acid market shall generate opportunities for the market growth.
Based on product, the market is segmented into saturated, monounsaturated and polyunsaturated. Based on end-use, the market is segmented into soap & detergent, rubber, plastics, personal care products & cosmetics and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global tallow fatty acid market is moderately fragmented and competitive with a number of global & regional players operating. Some of the key players in the material market includes BASF SE, Twin Rivers Technologies, AkzoNobel, Emery Oleochemicals, VVF LLC., Vantage Oleochemicals, Inc., Acme-Hardesty Co., H Foster & Co. Ltd., and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the major market share in the industry due to strict government regulations to maintain hygiene across food & beverage and medical industries. Increasing plastic demand owing to its prevalence in automotive and electronics industries shall foster the regional market demand. Asia Pacific is expected to show significant growth attributed to the high demand for soaps and detergent products from the densely populated countries like China and India. Europe is expected to show moderate growth due to the growth in the FMCG sector of European nations. Latin America and Middle East and Africa is expected to show sluggish growth by the end of the forecast period.
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