Data Bridge Market Research unveils a comprehensive study of the Dimer Acid Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.

The Dimer Acid research report also explains the potential restraints present in the global market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years. This gives the readers a narrowed-view of the global market enabling a closer look at the elements that could define its progress. The report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.

The competitive landscape is analyzed in this Dimer Acid by understanding the strategies of the companies and the initiatives they have taken in recent years to overcome the intensive competition. It discusses the future of the market by studying the historical details. Analysts have studied the ever-changing market dynamics to evaluate their impact on the overall market. This research study provides you with a detailed understanding of the overall market situation and estimates the market revenue currently and during the forecast period.

Data Bridge Market Research analyses that the dimer acids market was valued at USD 1.61 billion in 2021 and is expected to reach USD 2.31 billion by 2029, registering a CAGR of 4.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Dimer acids, are those dicarboxylic acids prepared by dimerizing unsaturated fatty acids. The dimerizing unsaturated fatty acids has obtained from tall oil, which is usually on clay catalysts. Dimer acids are used mainly for the synthesis of polyamide hot melt adhesives and polyamide resins. They are also used in surfactants,  fuel oil additives, lubricants, alkyd resins, and adhesives. It is a light yellow viscous or yellow or transparent liquid.

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Market Growth Drivers:

• Increasing demand of dimer acid in construction industry

Dimer acid is widely used in the production of paints, coatings, and other resins. These resins provide better durability against environmental changes, such as acid rain, high temperatures, and snow. The rising demand of paints, coatings, and other resins in construction industry for exterior and interior applications is expected to propel the growth of global dimer acid market during forecast period of 2022-2029.

• Rising demand of dimer acid in packaging sector

Growing applications of dimer acid for the adhesives in packaging sector due to the strong demand of packaging in several end-user industries, such as food and beverages, are expected to drive the growth rate of the dimer acid market.

• High usage of dimer acid for synthesis of polyamides

Polyamides provide several beneficial properties such as durability, heat resistance, and strength. Therefore, these nylon and other polyamides are lucrative for usage in automotive industries, such as electronic component, packaging, building, and construction. High performance polyamide is mainly used to manufacture manifold because it helps reduce the weight of the system. This increases fuel efficiency and lowers production cost. The rising demand of polyamides are expected to drive the growth rate of the dimer acid market.

Opportunities

• Increase in the number of emerging markets

Major market players are focusing on acquisitions and mergers to increase their presence throughout the value chain. The majority of the industry market players concentrating on product advancements are targeting the development of new products with eco-friendly properties to deal with the broader application market which will create profitable opportunities for the growth of the dimer acid market.

Furthermore, numerous measures supporting sustainability and environmental conservations are expected to promote dimer acid application in several end-user industries. Favourable consumer spending patterns are anticipated to increase investments in the construction, automotive and pharmaceutical sector which will indirectly support the sales of dimer acid and generate immense opportunities for the market growth.

The report emphasizes the participation of key entities, notably:

Croda International Plc (U.K.)

Kraton Corporation (Japan)

BASF SE (Germany)

Qingdao ECHEMI Digital Technology Co., Ltd. (China)

Aturex Group (France)

Harima Chemicals Group, Inc. (Japan)

Forchem Oyj (Finland)

Emery Oleochemicals (U.S.)

Elevance Renewable Sciences, Inc. (U.S.)

Cathay Biotech Inc.  (China)

TCI Chemicals (India) Pvt. Ltd. (India)

Nanjing Chemlin Chemical Industrial Co. Ltd. (China)

Chemical Corporation (Japan)

Junheng Industrial Group Biotechnology Co.,Ltd (China)

Key Highlights in the Report

• Providing an extensive analysis of the Dimer Acidmarket for a holistic understanding.
• Presenting details about the leading industry players, their product ranges, and strategic approaches.
• Delving into the prominent regional landscapes where Dimer Aciddemonstrates significant growth.
• Exploring the latest trends and advancements within the industry.
• Identifying potential and specialized segments/regions poised for notable expansion.

Key Market Segmentation

By Product Type (Standard, Distilled, Distilled & Hydrogenated), Application (Reactive & Non-Reactive PolyamideOilfield Chemical, Cosmetic Products, Others), End-Use Industry (Construction, Oilfield, Cosmetics, Others)

Target Audience:

• Businesses in the Dimer Acidindustry
• Investors and analysts interested in the Dimer Acidmarket
• Anyone who wants to learn more about the Dimer Acidmarket

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