Tall Oil Fatty Acid Market is forecast to reach CAGR of 4.2% by 2024
The vendor landscape of the global tall oil fatty acid market features a largely consolidated nature and a high level of competition as the few leading vendors run a tight ship in terms of collective share in the overall market. So as to maintain their positions, companies are increasingly investing their efforts into research and development of new and more effective product varieties, strengthening of in-house supply chain of raw materials, and mergers and acquisitions with the view of expanding product portfolios. Threat of alternatives such as animal- or plant-based fatty acids continues to be a key challenge for market players. Some of the leading companies in the market are Harima Chemicals Group, Inc., Forchem Oy, Georgia Pacific LLC, MeadWestvaco Corporation, and Arizona Chemical Company, LLC. According to the report, the global tall oil fatty acid market will rise to a valuation of US$1,050.0 mn in 2022. To achieve this, the market would have registered a CA...