TALLOW FATTY ACIDS MARKET ANALYSIS

Market Challenges And Opportunities

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.

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.

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.