DUBLIN, July 20, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/8397rj/tall_oil_fatty) has announced the addition of the "Tall Oil Fatty Acid Market by Applications for Soaps & Detergents, Coatings, Lubricants, Plastics, Fuel Additives, Metal Working Fluids, and Other End-user Industries - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" report to their offering.
The market for TOFA is driven by the increase in demand for oleic acid in North America. TOFA is rich in oleic acid along with other natural fatty acids such as tallow oil fatty acid, lard oil fatty acid, safflower oil fatty acid, olive oil fatty acid, and peanut oil fatty acid. Most vegetable oil fatty acids are significantly higher priced; hence, these are scarcely used in industrial applications.
Oleic acid is used in various applications such as soaps & detergents, paints & coatings, adhesives, emulsifiers, and oilfield chemicals. Most of these applications have expanded moderately; however, demand for oleic acid in oilfield applications holds special importance. North America accounts for the largest demand for oilfield chemicals in the world due to the presence of shale assets, oil sands, and deep-water petroleum resources in the Gulf of Mexico.
North America and Europe are the major producers as well as consumers of TOFA. Together, these regions account for more than 75% share of the global market. Availability of high quality raw materials and high production capacity of pulp and paper industry are the primary factors for the dominance of these two regions. Demand for TOFA in North America and Europe is projected to remain stable during the forecast period. Japan accounts for the majority of demand for TOFA in Asia Pacific. The country is distantly followed by China and India.
The global TOFA market is highly concentrated in nature, with the top five companies commanding the vast majority of the market share. Major companies operating in the market include Arizona Chemical Company, LLC, MeadWestvaco Corporation, Forchem Oy, Georgia Pacific LLC, and Harima Chemicals Group, Inc.
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)
- Akzo Nobel N.V. - Arizona Chemical Company LLC - Ashburn Chemical Technologies - Ashland Inc. - BASF SE - Chemical Associates Inc. - Colgate-Palmolive Company - Coral Chemical Company - Cray Valley USA, LLC - Eastman Chemical Company - Florachem Corporation - Forchem Oy - Georgia-Pacific Chemicals LLC - Harima Chemicals Group, Inc. - Henkel AG & Co. KGaA - MeadWestvaco Corporation - Nalco Holding Company - OOO Torgoviy Dom Lesokhimik - Procter & Gamble Company - QualiChem, Inc. - Segezha Pulp and Paper Mill - UPM-Kymmene Corporation - Umicore N.V. - Unilever NV
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SOURCE Research and Markets