Dimer Acid Market Trend & Forecast | 2023-2028

Market Highlights

The dimer acid market is estimated to grow from USD 1.41 billion in 2022 to USD 2.08 billion by 2028 at a healthy CAGR of 6.60% during the forecast period.

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What is dimer acid?

Dimer acid, also known as dimerized fatty acid, belongs to the class of dicarboxylic acids which are prepared by dimerizing unsaturated fatty acids obtained from tall oil, generally on clay catalysts. These acids are widely utilized to manufacture surfactants, polyamide hot melt adhesives, lubricants, alkyd resins, and fuel oil additives. Their nontoxic nature, economic feasibility, and easy availability increase their market value, making them more attractive to manufacturers.

Market Dynamics

The market is driven by a host of factors, some of which are noted below:

• Increase in construction activities and supportive government initiatives to liberalize infrastructure spending.
• Rapid urbanization trends have facilitated the need for improved commercial and residential infrastructure.
• Dimer acid is widely used in the construction industry to manufacture paints and coatings.
• On account of its resistance to environmental subspecialties such as acid rain and snow, and its compatibility with various architectural styles.

Segment Analysis

Application Trend

The market is segmented as nonreactive polyamide resins, reactive polyamide resins, oilfield chemicals, and others. The oilfield chemicals segment dominated the market with the highest share in 2022 & is estimated to hold the major share of the market during the forecast period. 

Oilfield chemicals are widely used for inhibiting corrosion caused by the formation of carbonic acid during oil and gas extraction, which is driving the segment's growth. They are also used in the extraction of conventional transportation fuels such as (LPG), diesel, and gasoline, which is likely to increase the market growth.

Regional Insight

North America occupied the largest share of the market in 2022 & is estimated to register significant growth in the market during the forecast period owing to increasing per capita income, increasing technological trends, and growing demand for quick drying & long-lasting inks compatible with paper, metal, glass surfaces, etc.

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Further, Europe is estimated to account for a significant share of the market over the forecast period on account of increasing construction activities, availability of low-interest housing loans, and favorable government initiatives.

Also, Asia-Pacific is estimated to witness high growth in the market on account of the growing production of premium cars and significant investments in R&D activities by manufacturers, rapid urbanization, and increasing construction activities with India, China, Malaysia, and Thailand being the major countries with lucrative growth opportunities, fueling the regional market growth over the forecast period.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Application Type

• Nonreactive Polyamide Resins
• Reactive Polyamide Resins
• Oilfield Chemicals
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Key Players

The following are some of the key players operating in the dimer acid market:

• Anqing Hongyu Chemical Company Ltd.
• BASF SE
• Arizona Chemicals
• Croda International Plc
• Florachem Corporation
• Harima Chemicals Group
• Jiangsu Yonglin Oleochemical Co. Ltd.
• Novepha Company Limited
• Oleon NV
• Shangdong Huijin Chemical Co. Ltd.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2022 to 2027.

The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?

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Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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