Tall Oil Fatty Acid Market Size (2024 - 2029)

The tall oil fatty acid market is experiencing growth driven by increasing demand for bio-based lubricants and a post-pandemic rise in soap and detergent consumption. Despite challenges such as supply chain disruptions and governmental restrictions on tree cutting, the market is poised for expansion. Opportunities are emerging from global carbon-neutrality initiatives and a shift towards non-food crop-based alternatives. The Asia-Pacific region is anticipated to lead in market size and growth rate during the forecast period.

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Market Size of Tall Oil Fatty Acid Industry

tall oil fatty acid market size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

tall oil fatty acid market share

*Disclaimer: Major Players sorted in no particular order

Tall Oil Fatty Acid Market Analysis

The Global Tall Oil Fatty Acid Market is projected to register a CAGR of over 4% during the forecast period (2022-2027).

The COVID-19 pandemic affected the tall oil fatty acid market negatively as it affected the manufacturing activity and disrupted the supply chain. However, a post-pandemic increase in demand for soaps and detergents is expected to boost the market for tall oil fatty acids.

  • Over the short term, rising demand for bio-based lubricants in several industries, are some of the driving factors which are stimulating the market demand.
  • Restrictions on the cutting of trees by various governments across the globe are hindering the market's growth.
  • Rising carbon-neutrality initiatives across the globe and shifting trends toward non-food crop-based alternatives to reduce competition within the food chain, and others are likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Tall Oil Fatty Acid Industry Segmentation

Tall Oil Fatty Acid (TOFA) is also called tallol or liquid rosin which is obtained from pine and coniferous trees. It is a viscous yellow-black liquid chemical compound, with an odorous smell. Tall oil fatty acid is a by-product of the wood pulp industry, belonging to the product family of Oleic Acid. The tall name is derived from a Swedish word used for pine. The tall oil fatty acid market is segmented by product type, application, end-user industry, and geography. By product type, the market is segmented into oleic acid, linoleic acid, linolenic acid, palmitic acid, and other product types. By Application, the market is segmented into alkyd resins, dimer acids, fatty acid ester, and other applications. By end-user industry, the market is segmented into soaps and detergents, paints, and coatings, automotive, metal working fluids, oil and gas, and other end-user industries. The report also covers the market size and forecasts for the tall oil fatty acid market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of Revenue (USD Million).

Product Type
Oleic Acid
Linoleic Acid
Linolenic Acid
Palmitic Acid
Other Product Types
Application
Alkyd Resins
Dimer Acids
Fatty Acid Ester
Other Applications
End-user Industry
Soaps and Detergents
Paints and Coatings
Automotive
Metal Working Fluids
Oil and Gas
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Tall Oil Fatty Acid Market Size Summary

The tall oil fatty acid market is poised for growth, driven by increasing demand in various sectors such as automotive and bio-based lubricants. The market experienced setbacks due to the COVID-19 pandemic, which disrupted manufacturing and supply chains. However, the post-pandemic surge in demand for soaps and detergents is expected to rejuvenate the market. The automotive industry, in particular, benefits from the use of tall oil fatty acids due to their ability to enhance vehicle strength and durability, offer increased lubrication, and provide cost-effective solutions. The shift towards electric vehicles and the need for specialized greases further propel the demand for tall oil fatty acids. Despite challenges like restrictions on tree cutting, the market finds opportunities in carbon-neutrality initiatives and the trend towards non-food crop-based alternatives.

The Asia-Pacific region is anticipated to lead the tall oil fatty acid market, with China and India playing significant roles due to their rapidly growing economies and automotive sectors. China's large vehicle market and the rise in recreational vehicle demand post-pandemic are key drivers. In India, government initiatives and a recovering construction industry are expected to boost the demand for tall oil fatty acids in construction chemicals and coatings. Additionally, the detergent and soap industry's focus on natural and anti-allergic products contributes to market expansion. The market remains partially fragmented, with major players like Harima Chemicals Group, Inc., Arizona Chemical Co., and Ilim Group influencing its dynamics.

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Tall Oil Fatty Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Bio-based Lubricants in Several Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Restrictions on Cutting of Trees by Various Governments Across the Globe

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Oleic Acid

      2. 2.1.2 Linoleic Acid

      3. 2.1.3 Linolenic Acid

      4. 2.1.4 Palmitic Acid

      5. 2.1.5 Other Product Types

    2. 2.2 Application

      1. 2.2.1 Alkyd Resins

      2. 2.2.2 Dimer Acids

      3. 2.2.3 Fatty Acid Ester

      4. 2.2.4 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Soaps and Detergents

      2. 2.3.2 Paints and Coatings

      3. 2.3.3 Automotive

      4. 2.3.4 Metal Working Fluids

      5. 2.3.5 Oil and Gas

      6. 2.3.6 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Tall Oil Fatty Acid Market Size FAQs

The Tall Oil Fatty Acid Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Harima Chemicals Group, Inc., Kraton Corporation, Ilim Group , Segezha-Group and Univar Solutions are the major companies operating in the Tall Oil Fatty Acid Market.

Tall Oil Fatty Acid Market Report Snapshots

Tall Oil Fatty Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)