Dimer Acids

Dimer Acids

Global Dimer Acids Market to Reach US$1.0 Billion by 2030

The global market for Dimer Acids estimated at US$741.8 Million in the year 2023, is expected to reach US$1.0 Billion by 2030, growing at a CAGR of 5.0% over the analysis period 2023-2030. Non-Reactive Polyamides Application, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$425.2 Million by the end of the analysis period. Growth in the Reactive Polyamides Application segment is estimated at 5.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$165.7 Million While China is Forecast to Grow at 6.7% CAGR

The Dimer Acids market in the U.S. is estimated at US$165.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$252.8 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Dimer Acid Market - Key Trends & Drivers Summarized

Dimer acid, also known as dimerized fatty acid, is a versatile chemical compound derived from the polymerization of unsaturated fatty acids, primarily obtained from vegetable oils. This yellow, viscous liquid is widely used in various industrial applications due to its unique properties, such as excellent adhesion, flexibility, and resistance to chemicals and heat. Dimer acid is a key ingredient in the production of polyamide resins, which are used in coatings, adhesives, inks, and sealants. Its applications extend to the manufacture of hot-melt adhesives, epoxy curing agents, and corrosion inhibitors, making it a critical component in numerous industrial processes.

The market for dimer acid is expanding due to the growing demand from end-use industries such as automotive, construction, and packaging. The increasing use of eco-friendly and sustainable raw materials in manufacturing processes is driving the demand for dimer acid, which is derived from renewable sources like vegetable oils. Advances in production technologies have improved the efficiency and yield of dimer acid, making it more cost-effective and accessible. Additionally, the development of new applications and formulations is broadening the scope of dimer acid usage, further fueling market growth. The shift towards green chemistry and sustainable development is also encouraging the adoption of bio-based dimer acids over their synthetic counterparts.

The growth in the dimer acid market is driven by several factors. Firstly, the increasing demand for polyamide resins in various industrial applications is boosting the need for dimer acid as a key raw material. Secondly, advancements in production technology are enhancing the efficiency and cost-effectiveness of dimer acid manufacturing. Thirdly, the trend towards sustainability and the use of bio-based chemicals are driving the adoption of dimer acid derived from renewable sources. Lastly, the expansion of applications in coatings, adhesives, and sealants is creating new opportunities for market growth. These factors collectively contribute to the dynamic expansion of the dimer acid market.

Select Competitors (Total 41 Featured) -

• Fujian Zhongde Energy Co. Ltd
• BASF SE
• MilliporeSigma
• Croda International PLC
• Emery Oleochemicals Group
• Nissan Chemical Corporation
• Oleon NV
• Harima Chemicals Group, Inc.
• Ingevity Corporation
• A.B. Enterprises
• KLK Oleo
• Anhui Elite Industrial Co., Ltd.
• Kraton Corporation
• BOC Sciences
• Ataman Kimya AS

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