Global Tallow Fatty Acid Market 2017-2021
About Tallow Fatty Acid
Fats and oils are a combination of two different types of fatty acids- saturated and unsaturated; the latter include monounsaturated and polyunsaturated fats. Both of these belong to a group with biological substances, known as lipids. Lipids serve different types of functions in organisms, including hormonal functions and structural components of membranes. In addition, they function as energy storehouses. The common difference between fats and oils is that fats remain in the solid state at room temperature while oils remain in the liquid state.
Technavio’s analysts forecast the global tallow fatty acid market to grow at a CAGR of 2.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tallow fatty acid market for 2017-2021. To calculate the market size, the report considers the include/exclude new installations/shipments/sales/volume/value and retrofit/replacement/spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tallow Fatty Acids Market 2017-2021
Technavio recognizes the following companies as the key players in the global tallow fatty acid market: Akzo Nobel, BASF, Godrej Industries, LG Household & Health Care, and Vantage Specialty Chemicals
Other Prominent Vendors in the market are: Baerlocher, Emery Oleochemicals, Twin Rivers Technologies, and VVF.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased consumption of cosmetics and daily-use products. Tallow fatty acid is used in daily-use products, including cosmetics and personal care products. It is found in products like lipsticks, eye makeup, foundations, and shaving creams. It is used extensively in plastic bags, that are used very commonly, contain animal fat. Stearic acid, derived from tallow fatty acid, is found in bike tires. Similarly, the texture and smell of crayons that are used for coloring are due to the presence of beef fat.”
According to the report, one of the major drivers for this market is Growing demand from the soap and detergents industry. Oils and fats can be hard or soft depending on their sources and parameters. Those that remain in the solid form at room temperature are hard and those that remain in the liquid state are soft. Hard oils contribute to the formation of soap, while soft oils contribute to conditioning. Hard oils are used to provide better conditioning and are more prone to oxidation. Therefore, it is important to choose different combinations of oil to produce the desired product based on the type of skin.
Further, the report states that one of the major factors hindering the growth of this market is Increased consumption of vegetable oil. The presence of vegetable oil in the market poses a massive threat to the growth of the tallow fatty acid market. Vegetable oil is produced from various sources, such as olive, soybeans, corn, peanuts, cotton seed, and canola, which is a rich source of Linoleic Acid (LA) that helps in reducing blood cholesterol levels and the risk of various heart diseases, cancer, asthma, and arthritis.
Akzo Nobel, BASF, Godrej Industries, LG Household & Health Care, Vantage Specialty Chemicals, Baerlocher, Emery Oleochemicals, Twin Rivers Technologies, and VVF.
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