Dimer Acid Market Polyamide Resins Market 2021-2027
Market Insights
Dimer acid is also
known as dimerized fatty acids and is often derived from various types of oil.
Market Research Future has performed an in-depth
study of the global dimer acid market which includes a number of factors and
figures to back up research which reveals
the manner of growth in the market. Dimer acid is a yellowish to yellow viscous transparent liquid which is non-toxic
in nature and has applications in the production of polyamide resins, hot melt
adhesives, alkyd resins, adhesives, surfactants, and lubricants to name a few.
In polyamide resins, dimer acid is used for
synthesis which is then further used in various applications based on polyamide
type. Reactive polyamide, for example,
has applications as a curing agent for epoxy resins while nonreactive polyamide
is used for hot melt adhesives, and printing inks. The rapid growth of the construction industry across the globe has
significantly boosted the demand for adhesives, sealants,
surfactants, and various others. The
construction industry is expected to be a steady revenue source for the global
dimer acid market. Moreover, dimer acid also has applications in hair color products, depilatory wax products, and
in the production of nail paint. The growing demand witnessed by the global
personal care sector is expected to be a significant source of demand for dimer
acid during the review period.
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A shortage of significant raw material, as
well as the increasing use of unsaturated fatty acids in the synthesis of
biofuels, is expected to deter the growth of the global dimer acid market.
However, increasing applications in the cosmetic industry will offer the market
new avenues for growth over the forecast period.
Market
Segmentation
Segmentation of the global dimer market
into its various parts has been done in MRFR's report on the basis of product type, application, end-use industry, and region. Product types with regards to dimer
acid have been segmented to include distilled, standard, and distilled &
hydrogenated.
Applications of dimer acid have been
segmented to include oilfield chemical, reactive polyamide, non-reactive
polyamide, cosmetics, & personal care products, and others.
End-user industries where dimer acid is
used includes construction, oilfield, cosmetics industry, and others.
Regional
Analysis
Five key regions have been covered in the
global report and include Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. The Asia
Pacific dimer acid market finds itself at the forefront of the global market
due to the presence of a large production base of dimer acid in the region.
Several key market players are established in the Asia Pacific, thus making the
region significant in the global market. Moreover, the region is witnessing substantial economic growth along
with rapid urbanization which has resulted in a drastic increase in construction projects. the high demand for surface
coatings, sealants, paints, and adhesives in the region drives the APAC dimer acid market. The rising applications of dimer
acid in bio-based cosmetics is expected to impact regional growth during the
review period.
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The Middle East is another growing market
due to the high number of construction projects being undertaken by rapidly
developing economies in the region in an effort to boost tourism. The region
also has a significant industrial area where adhesives and coatings are
produced making it a significant region in the dimer acid market. Moreover, the presence of high oilfield
reserves and the use of dimer acid as an oilfield chemical is expected to
assist the regions market growth.
Key Players
Market participants competing in the global
dimer acid market include Jinan tongfa
resin Co. Ltd., Emery Oleochemicals, Anqing Hongyu Chemical Co., Ltd, Krayton Corporations,
Shandong Huijin Chemical Co. Ltd, Florachem Corporation, Croda International
Plc, Oleon Corporate M&S, and Aturex
Group. These players use various strategies to ensure the growth of the market as well as the expansion of market share. MRFR’s analysis of
the dimer acid market includes competition tracking for the mentioned market
players as well as an analysis of their strategies.
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