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    Dimer Acid Market Report

    Dimer Acid Market Report
    Report code - SR1733 Delivery - 2 Weeks
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    Dimer Acid Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportuni See more...

    Market Highlights

    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 easily availability, increases their market value, making them more attractive to manufacturers.

    Dimer Acid Market – Snapshot

    Forecast Period

    2022-2027

    CAGR

    6.8%

    Major Application Type

    Oilfield Chemicals

    Region with the highest demand

    North America

    Key Players

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

     

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    The Dimer Acid Market growth is driven by an increase in construction activities and supportive government initiatives to liberalize infrastructure spending. Rapid urbanisation trends have facilitated the need for improved commercial and residential infrastructure, bolstering the growth of the market. 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, which may boost the market growth. Overall, the Dimer Acid Market is estimated to grow at a decent CAGR of 6.8% during the forecast period.

    Market Segments' Analysis

    Based on the application type, the market is segmented as nonreactive polyamide resins, reactive polyamide resins, oilfield chemicals, and others. The oilfield chemicals segment 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.

    In terms of regions, North America 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 surface, etc. 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.

    Key Players

    The following are some of the key players in the Dimer Acid Market:

    • Anqing Hongyu Chemical Company Ltd.
    • Arizona Chemicals
    • BASF SE
    • 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 Dimer Acid 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The dimer acid market is segmented into the following categories:

    Dimer Acid Market, by Application Type

    • Nonreactive Polyamide Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Reactive Polyamide Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oilfield Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Dimer Acid Market, 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)

    Report Customization Options

    With this detailed report, 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

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The Dimer acid market is estimated to grow at a healthy CAGR of 6.8% over the next five years. An increase in construction activities and supportive government initiatives to liberalize infrastructure spending, and the growing demand for oilfield chemicals are the factors expected to drive the growth of the dimer acid market during the forecast period.

    Anqing Hongyu Chemical Company Ltd., Arizona Chemicals, BASF SE, Croda International Plc, Florachem Corporation, Harima Chemicals Group, Jiangsu Yonglin Oleochemical Co. Ltd., Novepha Company Limited, Oleon NV, and Shangdong Huijin Chemical Co. Ltd. are some of the key players in the market.

    North America is estimated to be dominant in the Dimer Acid Market in the coming years owing to increasing per capita income, increasing technological trends, and growing demand for quick drying & long-lasting inks compatible with paper, metal, glass surface, etc.

    Asia-Pacific is estimated to grow at the fastest pace in the Dimer Acid Market in the coming years with China, India, Malaysia, and Thailand being the growth engines of the region. Factors such as growing construction activities, rapid urbanization, and significant investments in R&D activities are expected to fuel the regional market growth during the forecast period.

    The oilfield chemicals application is likely to maintain its dominance in the market in the next five years on account of its wide utilization in inhibiting corrosion, and in extracting conventional transportation fuels such as (LPG), diesel, and gasoline.

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