Albany, NY, May 19, 2015 (GLOBE NEWSWIRE) -- According to the report, the global tall oil fatty acid market was valued at US$ 725.1 Mn in 2013 and is likely to reach US$ 1,050.0 Mn in 2022, expanding at a CAGR of 4.2% between 2014 and 2022.
Tall oil fatty acid, commonly abbreviated as TOFA, is obtained as a by-product of the paper and pulp manufacturing process. Pine trees along with other coniferous trees are the primary raw materials for this chemical. TOFA accounts for about 30% of the yield of crude tall oil after fractional distillation, while the rest of the products obtained are tall oil rosin (TOR), distilled tall oil (DTO), and pitch fuel. TOFA is further processed to produce intermediate chemicals. These are used in various industries. Composition of TOFA is skewed largely towards long chain fatty acids such as oleic acid and linoleic acid. Demand for these products accounts for majority of applications of TOFA. However, the composition of oleic acid and linoleic acid in TOFA varies with region to region, owing to the difference in climatic conditions and soil.
Browse Full Market Research of Tall Oil Fatty Acid Market With ToC & Free Analysis: http://www.transparencymarketresearch.com/tall-oil-fatty-acid-market.html
In terms of product types, the TOFA market can be segmented into oleic acid, linoleic acid, and others. Oleic acid and linoleic acid account for more than 80% of TOFA. Tall oil fatty acid is primarily used in the production of intermediates such as alkyd resins, dimer acids, and fatty acid esters. Alkyd resins account for the largest demand among all intermediates manufactured from TOFA. Soaps & detergents, paints & coatings, plastic additives, fuel additives, lubricants, metal working fluids, and adhesives are some of the major end-use industries for TOFA. Soaps & detergents and coatings hold the largest market share of TOFA in terms of volume.
Browse Press Release of Tall Oil Fatty Acid Market: http://www.transparencymarketresearch.com/pressrelease/tall-oil-fatty-acid-market.htm
Led by the U.S., North America held the largest share of the global demand for tall oil fatty acid in 2013. Europe followed North America in terms of demand for tall oil fatty acid in 2013. The market for tall oil fatty acid in Asia Pacific is the nascent stage; Japan accounts for the bulk of the demand for TOFA in Asia Pacific. However, the TOFA market in the region is likely to expand at a brisk pace during the forecast period.
Request Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4553
The report provides an in-depth analysis of the tall oil fatty acid market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each product segment, application segment, and end-user segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and the Middle East and Africa (MEA). Each region has been further sub-segmented into main countries or regions.
Other Reports Published by Transparency Market Research :
- Tartaric Acid Market: http://www.transparencymarketresearch.com/tartaric-acid-market.html
- Tallow Fatty Acids Market: http://www.transparencymarketresearch.com/tallow-fatty-acids-market.html
The Report comprises the following segments:
Tall Oil Fatty Acid Market - Product Segment Analysis
- Oleic acid
- Linoleic acid
- Others (Including linoleic acid, maleic acid, and stearic acid)
Tall Oil Fatty Acid Market - Application Analysis
- Dimer acid
- Alkyd resin
- Fatty acid ester
- Others (Including dimer acid and fatty acid soaps)
Tall Oil Fatty Acid Market - End-user Analysis
- Soap & detergents
- Coatings
- Lubricants
- Plastics
- Fuel additives
- Metal working fluid
- Others (Including adhesives, asphalt additives, and biofuel)
Tall Oil Fatty Acid Market - Regional Analysis
North America
- U.S.
- Rest of North America
Europe
- Sweden
- Finland
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- ASEAN
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Browse Other Chemical Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us:
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.