Tallow Fatty Acids Market in rubber segment is expected to have growth over 2% in the forecast period.
— Tallow Fatty Acids Market from cleaning industry inclusive of soaps & detergents, will grow with gains over 7% CAGR because of supporting government approach towards maintaining hygiene and cleanliness throughout the manufacturing facilities for ensuring healthy working surroundings. Rising soaps & detergents industries have propelled the global tallow fatty acids market in recent decade. Superior cleansing and conditioning product characteristics make it a significant component in the detergents & soaps in industrial applications.
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Tallow Fatty Acids Market is projected to witness an escalating growth over the span of the next few years, driven by the wide range of product applications in personal care items, soaps & detergents, rubber, and plastics. Global cleaning product is predicted to surpass USD 100 billion by 2024. It is expected to record a CAGR of over 7% during the forecast period, subject to strict government policies promoting clean & hygiene environment across the manufacturing and food & beverages sector. This will offer lucrative prospects for the industry players to expand their business across the globe. Global Market Insights, Inc., state that tallow fatty acids market revenue, which is estimated to cross the USD 3 billion by 2024, will grow at a rate of more than 2.5% over the forecast period.
Tallow Fatty Acids Market in rubber segment is expected to have growth over 2% in the forecast period. The soaps and detergent application segment of tallow fatty acids industry in 2016, generated revenue over USD 500 million and is set to display a significant growth chart over the coming years. The utilization of tallow fatty acids as a stabilizing agent and vulcanizing agent in the rubber manufacturing industry has propelled the market for tallow fatty acids swiftly. Moreover, the product also helps in enhancing the rubber-metal adhesion, which is required in manufacturing of tires.
Depending on the absence or presence of double bonds between carbon atoms, tallow fatty acids can be categorized into monounsaturated and saturated fatty acids. The mono unsaturated fatty acids are primarily used as an ingredient in the manufacturing of cosmetics and soaps. Today, consumers are more concerned about their personal well beings and beauty, which in turn has accelerated the cosmetics industry. As a result, soaring cosmetics demand have fueled the growth of monounsaturated tallow fatty acids industry share. In 2016, with the growth of affluent soaps and cosmetics market, monounsaturated product segment led the overall tallow fatty acids market share.
Tallow fatty acids market size in soaps & detergents sector, which was evaluated at over USD 500 million in 2016, is anticipated to experience an enormous expansion in the near future. The growth can be ascribed to rising use of the product in the manufacture of soaps & detergents as a result of its outstanding moisturizing & conditioning characteristics.
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Asia Pacific Tallow Fatty Acids Market is probable to observe maximum gains in the forecast period owing to elevating end-use industries like automotive, construction and electronics. Growth trends in the regional FMCG market. Ever-increasing automotive production and sales in India, China, Indonesia and Japan will also contribute significantly to the market growth.
North America contributed over 30% of the overall tallow fatty acids market share in 2016. The regional growth had been largely attributed to the favorable regulations towards safeguarding hygiene & health conditions across production facilities. Additionally, vigorous automotive production and sales in U.S. are expected to foster business growth in rubber processing and other applications associated with it.
Glimpse of Table of Content (ToC)
Chapter 4. Tallow Fatty Acids Market, By Product
4.1. Tallow fatty acids market share by product, 2016 & 2024
4.2. Saturated fatty acids
4.2.1. Tallow fatty acids market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.2.3. Stearic acid
188.8.131.52. Market estimates and forecasts, 2013 – 2024
184.108.40.206. Market estimates and forecasts by region, 2013 – 2024
4.2.4. Myristic acid
220.127.116.11. Market estimates and forecasts, 2013 – 2024
18.104.22.168. Market estimates and forecasts by region, 2013 – 2024
4.2.5. Palmitic acid
22.214.171.124. Market estimates and forecasts, 2013 – 2024
126.96.36.199. Market estimates and forecasts by region, 2013 – 2024
4.3. Monounsaturated fatty acids
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Polyunsaturated fatty acids
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
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