Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Tallow fatty acids belong to the family of the fatty acids derived from animal fats. These fatty acids are widely used across wide range of applications such as resins, personal care products, oil field consumption, rubber, and textile production. It is also used in the production of soap and animal feed.

Statistics:

The global tallow fatty acids market was estimated to account for US$ 2,671.0 Mn in terms of value and 1,618.2 Kilo Tons in terms of volume in 2019.

Drivers:

Driver 1

The growing demand for fatty acids from personal care industry is augmenting the market growth of the tallow fatty acids. In personal care industry it is mainly used to produce shaving creams and other gel. Rising demand for personal care products due to growing personal care hygiene awareness among consumers and increasing disposable income of the consumers is again anticipated to accelerate the market growth of the tallow fatty acids.

Driver 2

High demand for tallow fatty acids from the soap & detergent making industry is primarily fueling the market growth. Growing awareness regarding health and hygiene coupled with the increasing population is propelling the demand for soap and detergent. The cleaning & detergents market accounts for the largest consumer of tallow fatty acids. Changing lifestyle and growing modernization are other major factor augmenting the demand for soaps &detergent which in turn is accelerating the market growth.

Statistics:

Europe region dominated the global tallow fatty acids market in 2019, accounting for 43.35% share in terms of value, followed by North America, among other regions

Figure 1. Global Tallow Fatty Acids Market, Revenue Share (%), By Region, 2019

Tallow Fatty Acids  | Coherent Market Insights

Market Restraints

Restraint 1

Increasing use of vegetable oil in place of fatty acids majorly in the production of soap & detergent is expected to hinder the market growth. The product is facing stiff competition from palm oil products. This factor is hampering the demand for tallow fatty acids.

Restraint 2

The fluctuating price of raw materials used in the manufacturing of the fatty acids due to political scenarios and slow down of economy is expected to inhibit the market growth.

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Tallow Fatty Acids Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 2,671.0 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 1.8% 2027 Value Projection: US$ 3,096.0 Mn
Geographies covered:
  • North America
  • Europe
  • China
  • Rest of Asia Pacific
  • Latin America
  • Rest of the World
Segments covered:
  • By Product Type: Saturated Fatty Acids (Stearic acid, Myristic acid and Palmitic acid), Monounsaturated Fatty Acids and Polyunsaturated Fatty Acids
  • By Application: Soaps & Detergents, Rubber, Plastics, Personal Care Products and Others (Including food, Lubricants, etc.)
Companies covered:

AkzoNobel N.V., Acme-Hardesty Co., H Foster & Co. Ltd., BASF SE, Baerlocher GmbH, Chemithon Enterprises, Chemol Company Inc., Colgate Palmolive, Emery Oleochemicals and LG Household

Growth Drivers:
  • Growing demand for fatty acids from personal care industry
  • High demand for tallow fatty acids from the soap & detergent making industry
Restraints & Challenges:
  • Increasing use of vegetable oil in place of fatty acids
  • Fluctuating price of raw materials used in the manufacturing of the fatty acids

Market Opportunities

Opportunity 1

The growing use of fatty acids from the pharmaceutical industry is expected to offer lucrative market opportunities over the foreseeable period. Magnesium and calcium stearates are majorly used across the pharmaceutical industry as a lubricant in the formulation of tablets and dietary supplements. Growing geriatric population is creating need for healthcare services such as drugs and medicines, thus augmenting the market growth pharmaceutical industry this is in turn propelling the market growth of tallow fatty acids.

Opportunity 2

Increasing production of lubricants coupled with the rapid growth in the various manufacturing industries is projected to provide enormous market growth opportunities. Also, rising demand for lubricants from the automotive industry for effective and smooth functioning of the components is again expected to foster the market growth of the fatty acids. Moreover, increasing investment in the chemical industry by key manufacturer is further projected to augment the market growth of the tallow fatty acids. 

Figure 2. Global Tallow Fatty Acids Market – Opportunity Analysis

Tallow Fatty Acids  | Coherent Market Insights

Market Trends/Key Takeaways

Trend 1

Saturated tallow fatty acids are gaining traction in the market. It is majorly used in the manufacturing of plastic, cosmetics, rubber, and oilfield chemicals. Growing demand for cosmetic products due to a rising sense of fashion and aspire to look presentable is again fueling market growth. Saturated tallow fatty acids have excellent conditioning and moisturizing properties which is creating their demand from cosmetic and soap & detergent industry.

Trend 2

Robust growth in the food & beverage industry due to increasing consumer’s spending on the food and rising demand for food is propelling the market growth of the fatty acid. It is used as a harder in the production of candies. Moreover, it is also used as an additive in the preparation of various food products. Thus growth in the food &beverage industry around the globe is fostering the market growth of the tallow fatty acids.

Figure 3. Global Tallow Fatty Acids Market, Revenue Share (%), By Application, in 2019

Tallow Fatty Acids  | Coherent Market Insights

On the basis of application, others dominated the global tallow fatty acids market in 2019 with around 37.59% of market share in terms of revenue, followed by soaps & detergents and plastics, respectively

Value Chain Analysis:

Tallow Fatty Acids  | Coherent Market Insights

Global Tallow Fatty Acids Market - Impact of Coronavirus (Covid-19) Pandemic

There have been unprecedented variations in the global sales of tallow fatty acids owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of products such as tallow fatty acid products has led to certain products being in very limited supply, which in turn has led to price fluctuations in global tallow fatty acids market. This scenario is expected to hinder the growth rate the market till the early months of 2021.

Competitive Section:

Company Names 

  1. AkzoNobel N.V.
  2. Acme-Hardesty Co.
  3. H Foster & Co. Ltd.
  4. BASF SE
  5. Baerlocher GmbH
  6. Chemithon Enterprises
  7. Chemol Company Inc
  8. Colgate Palmolive
  9. Emery Oleochemicals
  10. LG Household and Healthcare, Limited

The global tallow fatty acids market is growing at substantial rate, owing to the rising demand from various applications such as rubber, plastics, personal care products, among others across the globe. Further, changing standards of living coupled with the rising awareness regarding personal care products is anticipated to accelerate the market growth of the tallow fatty acids. For instance, according to Trading Economics Statistics on United States Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5200.2 billion in 1959, reaching an all-time high of US$ 15,742.81 billion in November 2018.

Market Dynamics

The global tallow fatty acids market has witnessed significant growth in recent past years, owing to the growing awareness regarding health and hygiene coupled with the increasing population. This is expected to boost the demand for soaps & detergents and thereby fuel the growth of the global tallow fatty acids market during the forecast period.

Moreover, growing rubber industry is also expected to trigger the growth for the tallow fatty acids market during the forecast period. For instance, According to the European Tyre & Rubber Manufacturers Association (ETRMA), Germany’s rubber goods industry was pegged at 815 KT in 2017 which increased to 820 KT in 2018.

Key features of the study:

  • This report provides in-depth analysis of global tallow fatty acids market size (US$ Million & Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global tallow fatty acids market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes AkzoNobel N.V., Acme-Hardesty Co., H Foster & Co. Ltd., BASF SE, Baerlocher GmbH, Chemithon Enterprises, Chemol Company Inc., Colgate Palmolive, Emery Oleochemicals and LG Household.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics
  • The global Tallow Fatty Acids market report caters to various stakeholders in this industry including investors, suppliers, global tallow fatty acids manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Tallow Fatty Acids market.

Detailed Segmentation:

  • Global Tallow Fatty Acids Market, By Product Type:
    • Saturated Fatty Acids
      • Stearic acid
      • Myristic acid
      • Palmitic acid
    • Monounsaturated Fatty Acids
    • Polyunsaturated Fatty Acids
  • Global Tallow Fatty Acids Market, By Application:
    • Soaps & Detergents
    • Rubber
    • Plastics
    • Personal Care Products
    • Others
  • Global Tallow Fatty Acids Market, By Region:
    • North America
        • By Product Type
          • Saturated Fatty Acids
            • Stearic acid
            • Myristic acid
            • Palmitic acid
          • Monounsaturated Fatty Acids
          • Polyunsaturated Fatty Acids
        • By Application
          • Soaps & Detergents
          • Rubber
          • Plastics
          • Personal Care Products
          • Others
    • Europe
      • By Product Type
        • Saturated Fatty Acids
          • Stearic acid
          • Myristic acid
          • Palmitic acid
        • Monounsaturated Fatty Acids
        • Polyunsaturated Fatty Acids
      • By Application
        • Soaps & Detergents
        • Rubber
        • Plastics
        • Personal Care Products
        • Others
    • China
      • By Product Type
        • Saturated Fatty Acids
          • Stearic acid
          • Myristic acid
          • Palmitic acid
        • Monounsaturated Fatty Acids
        • Polyunsaturated Fatty Acids
      • By Application
        • Soaps & Detergents
        • Rubber
        • Plastics
        • Personal Care Products
        • Others
    • Rest of Asia Pacific
      • By Product Type
        • Saturated Fatty Acids
          • Stearic acid
          • Myristic acid
          • Palmitic acid
        • Monounsaturated Fatty Acids
        • Polyunsaturated Fatty Acids
      • By Application
        • Soaps & Detergents
        • Rubber
        • Plastics
        • Personal Care Products
        • Others
    • Latin America
      • By Product Type
        • Saturated Fatty Acids
          • Stearic acid
          • Myristic acid
          • Palmitic acid
        • Monounsaturated Fatty Acids
        • Polyunsaturated Fatty Acids
      • By Application
        • Soaps & Detergents
        • Rubber
        • Plastics
        • Personal Care Products
        • Others
    • Rest of the World
      • By Product Type
        • Saturated Fatty Acids
          • Stearic acid
          • Myristic acid
          • Palmitic acid
        • Monounsaturated Fatty Acids
        • Polyunsaturated Fatty Acids
      • By Application
        • Soaps & Detergents
        • Rubber
        • Plastics
        • Personal Care Products
        • Others
  • Company Profiles
    • AkzoNobel N.V.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Acme-Hardesty Co.
    • H Foster & Co. Ltd.
    • BASF SE
    • Baerlocher GmbH
    • Chemithon Enterprises
    • Chemol Company Inc.
    • Colgate Palmolive
    • Emery Oleochemicals
    • LG Household

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Tallow Fatty Acids Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Tallow Fatty Acids Market – COVID-19
  5. Global Tallow Fatty Acids Market, By Product Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Saturated Fatty Acids
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Monounsaturated Fatty Acids
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Polyunsaturated Fatty Acids
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Tallow Fatty Acids Market, By Application, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Soaps & Detergents
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Rubber
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Plastics
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Personal Care Products
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Tallow Fatty Acids Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • China
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Rest of Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
    • Rest of the World
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million & Kilo Tons)
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Kilo Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • AkzoNobel N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Acme-Hardesty Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • H Foster & Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Baerlocher GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Chemithon Enterprises
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Chemol Company Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Colgate Palmolive
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Emery Oleochemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • LG Household
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans  
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 25 market data tables* and 15 figures* on "Global Tallow Fatty Acids Market” – global forecast to 2027

Frequently Asked Questions

The market for global tallow fatty acids is forecast to surpass US$ 3,096.0 million by 2027 witnessing a CAGR of 1.8% between 2020 and 2027.
Growing demand for fatty acids from personal care industry is fuelling the growth of the global tallow fatty acids market in the region.
Saturated tallow fatty acids are gaining traction in the market due to growing use in the manufacturing of plastic, cosmetics, rubber, and oilfield chemicals and is further expected to favor market growth over the forecast period.
Fluctuating price of raw materials used in the manufacturing of the fatty acids is expected to hamper the growth the market during the forecast period.
Major players operating in the global tallow fatty acids market include AkzoNobel N.V., Acme-Hardesty Co., H Foster & Co. Ltd., BASF SE, Baerlocher GmbH, Chemithon Enterprises, Chemol Company Inc., Colgate Palmolive, Emery Oleochemicals and LG Household.
The global tallow fatty acids market was estimated to be valued around US$ 2,671.0 million in terms of revenue in 2019.
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