North America Tall Oil Fatty Acid Market size to exhibit appreciable growth through 2026

North America Tall Oil Fatty Acid Market covered over 40% of the regional revenue share in 2016. U.S. will be the prominent revenue contributor of this region, subject to the easy availability of raw material. The increasing shale gas exploration activities across U.S. will also account for the regional tall oil fatty acids market to flourish at an attractive growth rate.

A report compiled by Decresearch, foresees tall oil fatty acid market to register a CAGR of more than 4% over the period of 2017-2024 and size a revenue of more than USD 1 billion by 2024. Tall Oil Fatty Acid Market has generated a substantial momentum over the years on grounds of its wide application spectrum across end-use industries as a source of naturally derived fatty acid.  Owing to its extensive usage as bio renewable feedstock, tall oil fatty acid has become a major by-product of pulp production. Tall crude oil generated from tall oil fatty acids are widely being used as additives in the fossil diesel, which has further created renewed avenues for tall oil fatty acid industry.

Tall oil fatty acid is the by-product derived from the manufacturing of paper & pulp. Pine trees and other coniferous trees are the prime raw materials used for obtaining tall oil fatty acid. In a Kraft mill, tall oil is the third largest chemical by-product after lignin and hemicellulose.

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Tall oil fatty acid is mainly used in the manufacturing of alkyd resins, dimer acid and fatty acid esters. Dimer is a significant intermediate chemical used as fuel additives in oilfields and lubricants. Alkyd resins is also a prominent segment holding a major share in the worldwide tall oil fatty acid industry. Finding extensive usage in the paint and coatings industry, the alkyd resins accounted for over one third of the overall industry share and is projected to grow at an annual rate of 4% over 2017-2024.

Tall oil fatty acids are utilized in various end-use sectors such as fuel additives, plastics, metalworking fluid, lubricants, and soaps & detergents. Tall oil fatty acids market share from lubricants and fuel additives combined together was USD 150 million in 2016 and is expected to grow at an annual growth rate of more than 4.5% over 2017-2024. The high preference of this of this product over animal derived oil products as an oilfield chemical will augment its demand from the oil & gas and petroleum sectors, which will favorably influence tall oil fatty acid market share.

These fatty acids find applications in dimer acids that are extensively used in the oil fields as fuel additives and lubricants. Tall oil fatty acid market size from dimer acids was worth US 200 million in 2016 and will record substantial growth rate over the coming seven years. The emerging oilfield sector across North America will favorably impact the industry size over the coming timeframe.

Of late, North America has been observing a relatively high demand for oleic acid. Tall oil fatty acid market size from oleic acid was USD 350 million in 2016 and it will exhibit an annual growth rate of around 4.5% over the period of 2017 to 2024. This product is primarily used as an oilfield and oleochemical chemical.

Segezha Pulp and Paper Mill, Harima Chemicals, Georgia Pacific, Shaxian Lixin Resin Co. Ltd, Arizona Chemical Company, Kraton Corporation, BASF SE, Forchem, Pasand Speciality Chemical, and Eastman Chemical Company are some of the prominent names in global tall oil fatty acid market.

Glimpse of Table of Content (ToC)

Chapter 4.  Tall Oil Fatty Acid Market, By Product

4.1.  Global tall oil fatty acid market share by product, 2016 & 2024

4.2.  Oleic acid

4.2.1.     Market estimates and forecasts, 2013 - 2024

4.2.2.     Market estimates and forecasts by region, 2013 – 2024

4.3.  Linoleic acid

4.3.1.     Market estimates and forecasts, 2013 - 2024

4.3.2.     Market estimates and forecasts by region, 2013 – 2024

4.4.  Others

4.4.1.     Market estimates and forecasts, 2013 - 2024

4.4.2.     Market estimates and forecasts by region, 2013 – 2024

Chapter 5.  Tall Oil Fatty Acid Market, By Application

5.1.  Global tall oil fatty acid market share by application, 2016 & 2024

5.2.  Dimer acids

5.2.1.     Market estimates and forecasts, 2013 - 2024

5.2.2.     Market estimates and forecasts by region, 2013 – 2024

5.3.  Alkyd resins

5.3.1.     Market estimates and forecasts, 2013 - 2024

5.3.2.     Market estimates and forecasts by region, 2013 – 2024

5.4.  Fatty acid esters

5.4.1.     Market estimates and forecasts, 2013 - 2024

5.4.2.     Market estimates and forecasts by region, 2013 – 2024

5.5.  Others

5.5.1.     Market estimates and forecasts, 2013 - 2024

5.5.2.     Market estimates and forecasts by region, 2013 – 2024

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