톨유 지방산(TOFA) 시장 : 예측(2025-2030년)

The global tall oil fatty acid (TOFA) market is expected to grow at a CAGR of 5.67%, reaching a market size of US$852.423 million in 2030 from US$646.858 million in 2025.

Tall oil fatty acid, or TOFA, is a low-cost unsaturated fatty acid, mainly sourced from crude tall oil, the byproduct of the kraft process of paper manufacture. Because TOFA is a viscous, yellow-black liquid, it contains mostly oleic and linoleic acids and has many industrial applications, including in soaps, lubricants, alkyd resins, emulsifiers, and corrosion inhibitors. A carboxyl group and long carbon chain are the typical features of its chemical structure, along with the esterification and epoxidation characteristics for further modifications.

The tall oil fatty acid is a prime raw material for many chemical reactions and intermediates. It is a pure fatty acid with a low level of rosin acids and a low level of unsaponifiable through the distillation process. It is considered to be biodegradable and versatile, thus serving as an eco-friendly substitute for tallow fatty acids in various formulations. Its use also encompasses metalworking fluids, printing inks, and plasticizers, indicating the importance of TOFA in the chemical industry. The CAS number of TOFA is 61790-12-3, and it is known for exhibiting functional properties that enhance the performances of products in all its end-user industries.

Global Tall Oil Fatty Acid (TOFA) Market Drivers

• The expanding oil and gas industry is anticipated to boost the global tall oil fatty acid (TOFA) market

The oil and gas industry holds a predominant role in furnishing fuel to the entire world for power as well as other purposes in terms of utilization. According to the International Energy Agency, in 2023, the quantity of crude oils and natural gas liquids produced was 4,200,000 kt and 450,000 kt, respectively. The industries that absorbed the highest oil consumption include transport, with 2,800,000 ktoe in 2023. Non-energy use has a total consumption of 700,000 ktoe, while residential consumption is 250,000 ktoe. Companies are also increasing their drilling operations to increase the energy demand. For instance, in January 2024, Norway significantly increased oil drilling activities by approving 62 new drilling licenses for oil and gas companies. This is a sharp rise from the 47 licenses issued in 2022. This is expected to take production levels to a 15-year high and is likely to peak in 2025. In total, 27 new oil and gas projects are being developed on the Norwegian shelf, besides 34 exploration wells spudded in 2023. Exploration is concentrated in the Barents Sea, where the government is urging companies to explore the area more. Norway's Minister of Energy, Terje Aasland, underlined that such breakthroughs are of great importance both for employment and value creation of stable energy suppliers to Europe.

Global Tall Oil Fatty Acid (TOFA) Market geographical outlook

• Asia Pacific is witnessing exponential growth during the forecast period.

The Asia Pacific region is expected to hold a significant market share due to the presence of major players coupled with established paint and coating industries in countries like China and India.

The demand for TOFA is primarily derived from its applications in coatings and adhesives, among others. As a result of the growing demand from end customers, the region has been witnessing a steady increase in investment to expand the production of resins and coatings. The region is also home to countries like China, Vietnam, and India, which are also characterized by expanding manufacturing facilities and are expected to drive market growth during the forecast period. In addition, rising construction spending by both public and private players is expected to boost demand for polyamide resins in construction materials, thereby boosting TOFA market growth. Favorable government policies in the oil and gas industry are also attracting major market players. For example, the government of India recently allowed 100% FDI in many segments of the oil and gas industry, including petroleum products and refineries, among others.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Global tall oil fatty acid (TOFA) market is segmented and analyzed as follows:

By Product

• Oleic acid
• Linoleic acid
• Others

By Application

• Dimer acid
• Alkyd resins
• Others

By End User

• Soaps and detergents
• Coatings and lubricants
• Plastics
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. CXO Perspective

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis
• 4.5. Analyst View

5. GLOBAL TALL OIL FATTY ACID (TOFA) MARKET BY PRODUCT

• 5.1. Introduction
• 5.2. Oleic acid
• 5.3. Linoleic acid
• 5.4. Others

6. GLOBAL TALL OIL FATTY ACID (TOFA) MARKET BY APPLICATION

• 6.1. Introduction
• 6.2. Dimer acid
• 6.3. Alkyd resins
• 6.4. Others

7. GLOBAL TALL OIL FATTY ACID (TOFA) MARKET BY END-USER

• 7.1. Introduction
• 7.2. Soaps and detergents
• 7.3. Coatings and lubricants
• 7.4. Plastics
• 7.5. Others

8. GLOBAL TALL OIL FATTY ACID (TOFA) MARKET BY GEOGRAPHY

• 8.1. Introduction
• 8.2. North America
  • 8.2.1. By Product
  • 8.2.2. By Application
  • 8.2.3. By End-User
  • 8.2.4. By Country
    • 8.2.4.1. USA
    • 8.2.4.2. Canada
    • 8.2.4.3. Mexico
• 8.3. South America
  • 8.3.1. By Product
  • 8.3.2. By Application
  • 8.3.3. By End-User
  • 8.3.4. By Country
    • 8.3.4.1. Brazil
    • 8.3.4.2. Argentina
    • 8.3.4.3. Others
• 8.4. Europe
  • 8.4.1. By Product
  • 8.4.2. By Application
  • 8.4.3. By End-User
  • 8.4.4. By Country
    • 8.4.4.1. United Kingdom
    • 8.4.4.2. Germany
    • 8.4.4.3. France
    • 8.4.4.4. Italy
    • 8.4.4.5. Spain
    • 8.4.4.6. Others
• 8.5. Middle East and Africa
  • 8.5.1. By Product
  • 8.5.2. By Application
  • 8.5.3. By End-User
  • 8.5.4. By Country
    • 8.5.4.1. Saudi Arabia
    • 8.5.4.2. UAE
    • 8.5.4.3. Others
• 8.6. Asia Pacific
  • 8.6.1. By Product
  • 8.6.2. By Application
  • 8.6.3. By End-User
  • 8.6.4. By Country
    • 8.6.4.1. China
    • 8.6.4.2. Japan
    • 8.6.4.3. India
    • 8.6.4.4. South Korea
    • 8.6.4.5. Indonesia
    • 8.6.4.6. Taiwan
    • 8.6.4.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. KRATON CORPORATION
• 10.2. HARIMA CHEMICALS GROUP, INC.,
• 10.3. FORCHEM
• 10.4. UNIVAR SOLUTIONS
• 10.5. EASTMAN CHEMICAL COMPANY
• 10.6. SEGEZHA PULP AND PAPER MILL
• 10.7. INGEVITY
• 10.8. FOREVEREST RESOURCES LTD.
• 10.9. CHEMCEED LLC
• 10.10. SILVER FERN CHEMICALS INC.