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Global Tall Oil Fatty Acid Market Analysis and Forecast

Strategic Insights

— 2 min read

The global Tall Oil Fatty Acid (TOFA) market is expected to witness significant growth during the forecast period from 2014 to 2022, driven by increasing demand from various applications such as soaps and detergents, coatings, lubricants, and plastics. The market is segmented by product type, application, end-user, and region, with the Asia Pacific region expected to be the fastest-growing market due to the presence of major producers and increasing demand from end-users. The market is also influenced by factors such as price fluctuations, raw material availability, and government regulations.

Key Takeaways:

  • The global TOFA market is expected to reach a volume of 1,469.3 kilo tons and revenue of $3.54 billion by 2022.
  • The oleic acid segment is expected to dominate the market, accounting for 44.6% of the total share in 2013.
  • The dimer acid application segment is expected to grow at a CAGR of 7.8% from 2014 to 2022, driven by increasing demand from the coating industry.
  • The North America market is expected to be the largest market for TOFA, with a volume of 459.3 kilo tons and revenue of $1.12 billion by 2022.
  • The Asia Pacific market is expected to be the fastest-growing market, driven by the presence of major producers and increasing demand from end-users.
  • The TOFA market is influenced by factors such as price fluctuations, raw material availability, and government regulations.
  • The report includes a detailed value chain analysis and analysis of Porter's Five Forces model to provide a comprehensive view of the TOFA market.
  • The market attractiveness analysis is also included to provide insights into the growth potential of each application segment.
  • The report provides company profiles of key players such as Arizona Chemical Company, MeadWestvaco Corporation, Forchem Oy, Georgia Pacific LLC, and Harima Chemicals Group, Inc.
  • The study also includes company profiles of players involved in the end-user segment of TOFA.

Statistics:

  • The global TOFA market is expected to reach a volume of 1,469.3 kilo tons and revenue of $3.54 billion by 2022.
  • The oleic acid segment is expected to account for 44.6% of the total share in 2013.
  • The dimer acid application segment is expected to grow at a CAGR of 7.8% from 2014 to 2022.
  • The North America market is expected to reach a volume of 459.3 kilo tons and revenue of $1.12 billion by 2022.
  • The Asia Pacific market is expected to grow at a CAGR of 8.3% from 2014 to 2022.
  • The TOFA market is expected to be influenced by factors such as price fluctuations, raw material availability, and government regulations.

Sources:

  • Reportbuyer
  • PR Newswire

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