Dimer Acid Market is predicted to increase its market growth at a higher CAGR 5.76% during the forecast period of 2021-2030. The dimer acid is made with dimerizing unsaturated fatty acids that are vicious, yellow, and transparent liquid on clay catalysts. Moreover, C36H68O4 is the molecular formula of Dimer Acid. These unsaturated fatty acids are acquired from various natural sources like tallow, cottonseed, rapeseed oil, tall oil, oleic acid, and canola oil. Moreover, dimer acid is gaining more popularity because of its eco-friendly and non-toxic nature. It is also called 36 dimer acids and dimerized fatty acids. Along with that, it provides excellent properties to the polymer-like high impact strength, hydrolytic stability, excellent elasticity, flexibility, thermal stability, lower glass transition temperatures, and hydrophobicity.
Also, for synthesizing polyamide resins, dimer acid is widely used. Hence, the polyamide resins are of two types such as non-reactive polyamide and reactive polyamide. Among these two types, reactive polyamide is extensively used for epoxy resin for molded resin, marine coating, thermosetting surface coating, adhesives, potting materials & lining, heavy-duty coating, and others as a curing agent. On the other hand, the non-reactive polyamide is widely used for printing inks and producing hot melt adhesives. Along with that, the Dimer Acid is extensively used in oilfield applications as a wetting agent, corrosion & scale inhibitor, demulsifier, and surfactants. Moreover, Dimer Acid is widely used in cosmetics & personal care products like depilatory wax removal products, making safer nail polishes and hair color products. The increasing demand for surface coating, paint & inks, adhesives, and sealants is increasing the growth of the construction industry. Here, it is predicted that the increasing growth of the construction industry might increase the growth of the global Dimer Acid Market. In addition to this, the increasing demand for oilfield chemicals is predicted to boost the global market due to the increasing number of drilling activities in various regions to meet excess energy demands. Furthermore, the Global Dimer Acid Market is growing on a large scale due to the increasing cosmetics application in various regions.
The Dimer Acid Market Report has covered market segmentation, COVID-19 analysis, regional analysis, market overview, competitive analysis, and recent developments. Further, the research and development activities have also given emphasis. This report has highlighted that the global Dimer Acid Market might get hampered due to the increasing use of unsaturated fatty acids for biofuels synthesis and raw material shortage. Along with that, the global market might face challenges due to less consumer awareness. Moreover, the fluctuating price of raw materials might be another major challenge for the global market. Therefore, the global market is engaging more key players to enhance the growth of the Dimer Acid Market for the forecast period of 2023.
Competitive Landscape Analysis:
The Dimer Acid Industry has important key players who are generating higher Dimer Acid Market Value for the forecast period. These major key players are:
The Important Key Players are implying various promotional strategies to enhance the growth of the Dimer Acid Market for the forecast period of 2023.
COVID-19 Impact on Global Market:
In the first half of the year 2020, COVID 19 pandemic has hampered almost all the marketing sectors. And the Global Dimer Acid Market was one among them. Thus, the global market has lost its supply chain due to the lockdown in different regions. Along with that, the global market also lost its workforce, productivity, transportations, and investors. This led to reducing the demand for the product. Hence, the global key players have immediately given the emphasis on adopting various suitable measures to stabilize the market status.
The Dimer Acid Market Report explains that the global market has engaged more key players in the industry. Further, it has implied various business strategies and techniques to prevent this pandemic challenge and arising issue.
Global Dimer Acid Market, by Application 2017, (%):
Source-MRFR Analysis
Market Dynamics:
The increasing demand for oilfield chemicals is predicted to boost the global market due to the increasing number of drilling activities in various regions to meet excess energy demands. Furthermore, the Global Dimer Acid Market is growing on a large scale due to the increasing cosmetics application in various regions. The increasing applications of dimer acid are the major driver of the global market.
As a result, the Dimer Acid Market is increasing its business in the worldwide market. And the global market is trying to reach all the remote parts of the regions.
The increasing number of drilling activities in various regions to meet excess energy demands is increasing demand for oilfield chemicals, which leads to bringing more opportunities for the Global Dimer Acid Market. Along with that, the high demand for cosmetics & personal care products like depilatory wax removal products, making safer nail polishes, and hair color products are enhancing more opportunities for the manufacturers and operators.
The Dimer Acid Market Report explains that the global market has engaged more key players in the industry. Further, it has implied various business strategies and techniques to bring more opportunities for the manufacturers and operators.
The Global Dimer Acid Market might get hampered due to the increasing use of unsaturated fatty acids for biofuels synthesis and raw material shortage. Along with that, the global market might face challenges due to less consumer awareness. Another restraint was the COVID_19 pandemic that has hampered the growth of the global market.
Hence, these restrain has been taken seriously to make further changes in the global key players’ strategies. And, it has tried to develop the growth of the global market.
The Global Dimer Acid Market might face challenges due to the increasing use of unsaturated fatty acids for biofuels synthesis and raw material shortage. Moreover, the global market might face challenges due to less consumer awareness. Along with that, the fluctuating price of raw materials might be another major challenge for the global market.
The Dimer Acid Market Report explains that the global market has engaged more key players in the global industry. Further, it has implied various business strategies and techniques to prevent this pandemic challenge and arising issue.
Dimer Acid Market is predicted to increase its market growth at a higher CAGR during the forecast period of 2019 to 2023. Regionally, the Asia Pacific region is dominating the global market due to the increasing demand from the construction industry for surface coatings, sealants, paints, hot melt adhesives, and normal adhesives.
Therefore, the global market is engaging more key players to enhance the growth of the Dimer Acid Market for the forecast period of 2023.
Market Segmentation Overview:
The Dimer Acid Market is classified into different types based on the type segment: distilled & hydrogenated, standard, and distilled.
The Dimer Acid Market Report explains that these types are useful for diverse applications as it is rich in its functions and quality.
The Dimer Acid Market is classified into different applications such as oilfield chemicals, cosmetics & personal care products, reactive polyamide, non-reactive polyamide, and others based on the application segment.
The Dimer Acid Market Application report explains that Dimer Acid is extensively used in oilfield applications as a wetting agent, corrosion & scale inhibitor, demulsifier, and surfactant. Moreover, the Dimer Acid Market Application Report also explains that dimer acid is widely used in cosmetics & personal care products like depilatory wax removal products, making safer nail polishes and hair color products.
The Dimer Acid Market is classified into various end-users such as oilfield, construction, cosmetics industry, and others based on the end-user segment.
The Dimer Acid Market Report explains that the increasing demand for surface coating, paint & inks, adhesives, and sealants increases the construction industry's growth.
Regional Analysis:
Based on the Regional Classification, the Dimer Acid Industry is classified into some of the top regions such as South America, Asia Pacific, Europe, North America, Latin America, and the Rest of the World.
Out of all regions, the Asia Pacific region is dominating the global market due to the increasing demand from the construction industry for surface coatings, sealants, paints, hot melt adhesives, and normal adhesives. Hence, this region is generating a higher Dimer Acid Market Value for the forecast period.
Report Overview:
The Dimer Acid Market Report has covered market segmentation, COVID-19 analysis, regional analysis, market overview, competitive analysis, and recent developments. Further, the research and development activities have also given emphasis. This report has highlighted that the Global Dimer Acid Market might get hampered due to the increasing use of unsaturated fatty acids for biofuels synthesis and raw material shortage.
Therefore, the global market might face challenges due to less consumer awareness. Moreover, the fluctuating price of raw materials might be another major challenge for the global market. Thus, the global market is engaging more key players to enhance the growth of the Dimer Acid Market for the forecast period.
Segmental Table:
By Type:
By Applications:
By End-Users:
| Report Attribute/Metric | Details |
| Market Size | 2030 : Significant Value |
| CAGR | 5.76% 2030 |
| Base Year | 2021 |
| Forecast Period | 2021-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Application, and End-use industry |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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 tongfa resin Co. Ltd. (China), Krayton Corporations (U.S.), Aturex Group (China) |
| Key Market Opportunities | it is predicted that the increasing growth of the construction industry might increase the growth of the global Dimer Acid Market. |
| Key Market Drivers | The Global Dimer Acid Market is growing on a large scale due to the increasing cosmetics application in various regions. |
Dimer Acid Market Highlights:
Frequently Asked Questions (FAQ) :
Dimer acid is a yellow, viscous, and transparent liquid made by dimerizing unsaturated fatty acids on clay catalysts. Its molecular formula is C36H68O4.
Dimer acid is mainly used to synthesize polyamide resins, among other applications.
Growing demand from the construction and oil and gas industries is the major driver for the dimer acid market.
Asia Pacific is the leading regional market due to the growing demand for adhesives, coatings, and other formulations from the construction industry.
Leading players in the dimer acid market include Shandoing Huijin Chemical, Croda, and Oleon, among others.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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