Reactive polyamide application is projected to drive the global dimer acid market over the forecast period 2017-2023
Dimer Acid Market Estimated to grow moderate CAGR during forecast period 2017-2023
Report Details:
15 Companies Covered
100 Pages
Pune, India, April 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Dimer Acid Research Report.
Global Dimer Acid Market Synopsis
Dimer acid is a non-toxic and eco-friendly chemical, made by dimerizing unsaturated fatty acids on clay catalysts. Unsaturated fatty acids are derived from natural sources such as oleic acid, tallow, cottonseed oil, tall oil, and rapeseed oil among others. Dimer acid is most commonly used to form polyamide and polyester resin. Polyamide resins are widely used as a curing agent for epoxy resin, adhesive & sealants, surface coating, paint & inks, lubricant, wetting agent, surfactant, and demulsifier among other.
Market Segmentation
The global dimer acid market is segmented by product type, application, end-use industry, and region.
On the basis of the product type, the global dimer acid market is segmented into standard, distilled and distilled & hydrogenated. The demand for the product type is mainly driven the required purity of the product.
On the basis of the application, the global dimer acid market is segmented into reactive polyamide, non-reactive polyamide, oilfield chemical, cosmetics & personal care products, and others. Reactive polyamide is consumed majorly due to high demand from the construction industry and it is leading the global market.
On the basis of the end-user industry, the global dimer acid market is segmented into construction, oilfield industry, cosmetics, and others. The construction segment is the major contributor to the global dimer acid market due to rising urbanization, large-scale investments in infrastructure & industrial sectors, and rising construction activities in emerging economies.
Dimer Acid Market Regional Analysis:
On the basis of the region, the global dimer acid market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Dimer Acid Market Regional Analysis:
The global dimer acid market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is dominating the global dimer acid market followed by the Middle East, which is further trailed by North America and Europe. The global dimer acid market is mostly driven by the demand from the construction industry for adhesives, surface coatings, paints, and sealants. Asia Pacific and the Middle East witnessed a high demand for oilfield chemicals in 2016 due to the growing oilfield industry.
Competitive Analysis
Some of the key players in the global dimer acid market are Shandong Huijin Chemical Co. Ltd (China), Croda International Plc (U.K), Oleon Corporate M&S (Europe), Anqing Hongyu Chemical Co., Ltd(China), Florachem Corporation. (U.S.), Emery Oleochemicals (Malaysia), Jinan tonfa resin Co. Ltd. (China), Krayton Corporation (U.S.), Aturex Group (China). Access Full Report Details - dimer acid market share