Maximize Market Research’s latest report, ” Global Tall Oil Fatty Acid Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Tall Oil Fatty Acid Market was valued at USD 907.04 Mn in 2019 and is expected to reach USD XXX.79 Mn by 2027 at a CAGR of X.67% over the forecast period 2020-2027.
Global Tall Oil Fatty Acid Market Overview
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Tall Oil Fatty Acid Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.
Tall oil fatty acid is a mixture of mainly acidic compounds found, like turpentine, in pine trees and obtained as a by-product of the pulp and paper industry. In 1949, with the advent of effective fractional distillation, the tall oil industry came of age, and tall oil fatty acids (TOFA), generally any product containing 90% or more fatty acids and 10% or less of rosin. It is used as a resin in many different industries, including mining, paper manufacture, paint manufacture, and synthetic rubber manufacture. It is extracted at the pulp and paper mill and undergoes the first two processing steps there. Various factors such as growing soaps & detergents industry in developing economies, increasing oil filed applications in Middle East and North America, growing product demand as a lubricant from various end-users and growing consumption of tall oil fatty acid in the industrial and household cleaning products are driving the market growth over the forecast period.
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Global Tall Oil Fatty Acid Market Major Market Players
• PineChemical Group Oy (Finland)
• Forchem Oyj (Finland)
• Kraton Corporation(US)
• Univar Solutions (US)
• Ilim Group JSC (Russia)
• DRT (Derives Resiniques ET Terpeniqes) (UK)
• Harima Chemicals, Inc (Japan)
• Eastman Chemical Company (US)
• OOO Torgoviy Dom Lesokhimik (Russia)
• Lascaray S.A. (Spain)
• Georgia-Pacific Chemicals LLC (US)
• Industrial Oleochemical Products (South Africa)
• Arizona Chemical Company LLC
• Chemical Associates Inc.
• Lintech International LLC
• BASF SE
• Shaxian Lixin Resin Co. Ltd.
• Pasand Speciality Chemical
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Tall Oil Fatty Acid Market by Types and Applications:
Global Tall Oil Fatty Acid Market, by Product
• Oleic Acid
• Linoleic Acid
Global Tall Oil Fatty Acid Market, by Application
• Asphalt Emulsions
• Fuel Additives
• Liquid Cleaners
• Plastic Additives
• Oilfield Chemicals
Global Tall Oil Fatty Acid Market, by End Users
• Oil & Gas
• Paints & Coatings
The report has covered the market size by country (regions) for the global Tall Oil Fatty Acid market. Segment by Application. The Tall Oil Fatty Acid Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Tall Oil Fatty Acid Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Tall Oil Fatty Acid Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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