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The Asia Pacific Tall Oil Fatty Acid (TOFA) market size was valued at US$ 256.4 million in 2024 and is projected to reach US$ 342.7 million by 2030, at a CAGR of 5.0% during the forecast period 2024-2030.
Tall Oil Fatty Acid (TOFA) is a byproduct of the kraft pulping process, used in various applications including lubricants, soaps, adhesives, and as a raw material in the production of alkyd resins and dimer acids.
The Asia Pacific TOFA market is growing steadily, driven by increasing demand for bio-based chemicals and the growth of end-use industries. China accounts for 40% of the market, followed by Japan at 25% and South Korea at 20%. In 2023, the lubricant industry consumed 35% of total production, with soaps and detergents at 25% and alkyd resins at 20%. The market saw a 7% increase in demand for TOFA in oilfield chemicals due to expanding oil and gas exploration activities. Key players include Forchem Oyj (Finland) and Kraton Corporation (USA), collectively holding a 50% market share in the region. The industry is investing in purification technologies, with a 10% increase in R&D spending on high-purity TOFA grades in 2023. Challenges include competition from petroleum-based alternatives and limited raw material availability, leading to a 6% focus on improving extraction efficiency from kraft pulping processes. The trend towards sustainable products has driven a 12% growth in TOFA use in bio-based lubricants and plasticizers. The market is benefiting from the expansion of the construction industry in Southeast Asia, with a 15% rise in TOFA demand for alkyd resin production used in paints and coatings.
Report Includes
This report is an essential reference for who looks for detailed information on Asia Pacific Tall Oil Fatty Acid (TOFA) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Tall Oil Fatty Acid (TOFA) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
This report aims to provide a comprehensive presentation of the Asia Pacific Tall Oil Fatty Acid (TOFA) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tall Oil Fatty Acid (TOFA) . This report contains market size and forecasts of Tall Oil Fatty Acid (TOFA) in Asia Pacific, including the following market information:
We surveyed the Tall Oil Fatty Acid (TOFA) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Oleic acid
• Linoleic acid
• Others
• Soap & Detergents
• Coatings
• Lubricants
• Plastics
• Fuel additives
• Metal working fluid
• Others
• Forchem Oy
• Eastman Chemical Company
• Harima Chemicals Group, Inc.
• Krishna Chemicals
• Arizona Chemical Company, LLC
• OOO Torgoviy Dom Lesokhimik
• Segezha Group
• Lascaray S.A.
• IOP Specialty Products
• UPM-Kymmene Corporation
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Tall Oil Fatty Acid (TOFA) revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)
• Key companies Tall Oil Fatty Acid (TOFA) revenues share in Asia Pacific market, 2023 (%)
• Key companies Tall Oil Fatty Acid (TOFA) sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Tall Oil Fatty Acid (TOFA) sales share in Asia Pacific market, 2023 (%)
Key Points of this Report:
• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Asia Pacific and country-wise market of Tall Oil Fatty Acid (TOFA)
• It describes present situation, historical background and future forecast
• Comprehensive data showing Tall Oil Fatty Acid (TOFA) capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Tall Oil Fatty Acid (TOFA) manufacturers
• Tall Oil Fatty Acid (TOFA) forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us
Reasons to Purchase this Report:
• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.
1.1 Product Overview and Scope of Tall Oil Fatty Acid (TOFA)
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Oleic acid
1.2.3 Linoleic acid
1.2.4 Others
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Soap & Detergents
1.3.3 Coatings
1.3.4 Lubricants
1.3.5 Plastics
1.3.6 Fuel additives
1.3.7 Metal working fluid
1.3.8 Others
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Forchem Oy
8.1.1 Forchem Oy Corporation Information
8.1.2 Forchem Oy Product Portfolio
8.1.3 Forchem Oy Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Forchem Oy Main Business and Markets Served
8.1.5 Forchem Oy Recent Developments/Updates
8.2 Eastman Chemical Company
8.2.1 Eastman Chemical Company Corporation Information
8.2.2 Eastman Chemical Company Product Portfolio
8.2.3 Eastman Chemical Company Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Eastman Chemical Company Main Business and Markets Served
8.2.5 Eastman Chemical Company Recent Developments/Updates
8.3 Harima Chemicals Group, Inc.
8.3.1 Harima Chemicals Group, Inc. Corporation Information
8.3.2 Harima Chemicals Group, Inc. Product Portfolio
8.3.3 Harima Chemicals Group, Inc. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Harima Chemicals Group, Inc. Main Business and Markets Served
8.3.5 Harima Chemicals Group, Inc. Recent Developments/Updates
8.4 Krishna Chemicals
8.4.1 Krishna Chemicals Corporation Information
8.4.2 Krishna Chemicals Product Portfolio
8.4.3 Krishna Chemicals Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Krishna Chemicals Main Business and Markets Served
8.4.5 Krishna Chemicals Recent Developments/Updates
8.5 Arizona Chemical Company, LLC
8.5.1 Arizona Chemical Company, LLC Corporation Information
8.5.2 Arizona Chemical Company, LLC Product Portfolio
8.5.3 Arizona Chemical Company, LLC Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Arizona Chemical Company, LLC Main Business and Markets Served
8.5.5 Arizona Chemical Company, LLC Recent Developments/Updates
8.6 OOO Torgoviy Dom Lesokhimik
8.6.1 OOO Torgoviy Dom Lesokhimik Corporation Information
8.6.2 OOO Torgoviy Dom Lesokhimik Product Portfolio
8.6.3 OOO Torgoviy Dom Lesokhimik Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 OOO Torgoviy Dom Lesokhimik Main Business and Markets Served
8.6.5 OOO Torgoviy Dom Lesokhimik Recent Developments/Updates
8.7 Segezha Group
8.7.1 Segezha Group Corporation Information
8.7.2 Segezha Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Segezha Group Main Business and Markets Served
8.7.4 Segezha Group Recent Developments/Updates
8.8 Lascaray S.A.
8.8.1 Lascaray S.A. Corporation Information
8.8.2 Lascaray S.A. Product Portfolio
8.8.3 Lascaray S.A. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Lascaray S.A. Main Business and Markets Served
8.8.5 Lascaray S.A. Recent Developments/Updates
8.9 IOP Specialty Products
8.9.1 IOP Specialty Products Corporation Information
8.9.2 IOP Specialty Products Product Portfolio
8.9.3 IOP Specialty Products Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 IOP Specialty Products Main Business and Markets Served
8.9.5 IOP Specialty Products Recent Developments/Updates
8.10 UPM-Kymmene Corporation
8.10.1 UPM-Kymmene Corporation Corporation Information
8.10.2 UPM-Kymmene Corporation Product Portfolio
8.10.3 UPM-Kymmene Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 UPM-Kymmene Corporation Main Business and Markets Served
8.10.5 UPM-Kymmene Corporation Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Tall Oil Fatty Acid (TOFA)
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
