Dimer Acid Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023
Dimer Acid 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.
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 report. However,
increasing applications in the cosmetic industry will offer the market new
avenues for growth over the forecast period.
Dimer Acid Market Key Players
Market participants competing in the global dimer acid
industry 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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Dimer Acid Market Segmentation
Segmentation of the global dimer market size 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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researchers are studying Covid19 and its impact on various industry verticals
and wherever required we will be considering covid19 footprints for a better
analysis of market and industries. Cordially get in touch for more details.
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