– Europe is the second largest producer of tall oil fatty acid and is anticipated to be the fastest growing market as far as demand is concerned over the coming few years

– Notable increase in paper and pulp production is set to support growth in global tall oil fatty acid market

ALBANY, N.Y., Oct. 5, 2020 /PRNewswire/ — An increase in number of applications of tall oil fatty acid is being noted in the world. This is set to drive growth in the global tall oil fatty acid market over the coming few years. Additionally, a shift is also observed in consumer preference towards this product from tallow oil fatty acid and it is anticipated to be a notable growth factor.

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As per Transparency Market Research, “The compound annual growth of the market over the forecast period of 2019 to 2027 will be 4.2%. The market worth would grow as a result of this robust growth projection. From USD 882.15 million in 2018, the market valuation will grow up to USD 1.2 billion by the end of the forecast period.”

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Key Findings of Global Tall Oil Fatty Acid Market Study:

  • Increase in research and development (R&D) and growing applications of tall oil fatty acid market will lead to growth

  • North America and Europe will be notable regional market over the forecast period of 2019 to 2027

  • Renewable fuels are seeing an increase in demand and that is leading to tall oil fatty acid market’s growth

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Key Drivers of Growth in Global Tall Oil Fatty Acid Market:

  • Opportunities in the global tall oil fatty acid market are being created by the increasing demand for renewable fuels world