Pacific Tall Oil Fatty Acid Market

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

Pacific Tall Oil Fatty Acid Market 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.

Pacific Tall Oil Fatty Acid Market 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) . Pacific Tall Oil Fatty Acid Market 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:

by Country

• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia

by Products type:

• Oleic acid
• Linoleic acid
• Others

by Application:

• Soap & Detergents
• Coatings
• Lubricants
• Plastics
• Fuel additives
• Metal working fluid
• Others

key players include: (At least 8-10 companies included)

• 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.

Competitor Analysis

The report also provides analysis of leading market participants including:

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• 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 (%)

Asia Pacific Tall Oil Fatty Acid (TOFA) Market – FAQs

1. What was the size of the Asia Pacific Tall Oil Fatty Acid (TOFA) market in 2024?

• The Asia Pacific TOFA market was valued at approximately US$ 256.4 million in 2024.

2. What is the projected market size of the Asia Pacific TOFA market by 2030?

• By 2030, the market is expected to reach US$ 342.7 million.

3. What is the CAGR of the Asia Pacific TOFA market from 2024 to 2030?

• The market is projected to grow at a compound annual growth rate (CAGR) of 5.0% during the forecast period.

4. What is Tall Oil Fatty Acid (TOFA)?

• TOFA is a byproduct derived from the kraft pulping process of wood, primarily used in manufacturing adhesives, coatings, and chemicals.

5. What are the key factors driving growth in the Asia Pacific TOFA market?

• Increasing demand from adhesives, paints, and coatings industries

• Growing pulp and paper production in the region

• Rising use of bio-based and sustainable chemicals

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.