Dimer acid Market Size & Growth Analysis to 2030

The global dimer acid market size was accounted at around USD 2 billion and projected to grow at the CAGR of 7.5% during 2017-2025. Dimer acids, also known as dimerized fatty acids, belong to the class of dicarboxylic acids, obtained by dimerizing unsaturated fatty acids. The demand for dimer acid is expected to increase due to its comprehensive applications in industries, such as paints & coatings, adhesives, and oilfield chemicals among others. These industries would witness a persistent growth in the future, thereby augmenting the growth of the global dimer acid market. Despite its optimistic position, the dimer acid industry is likely to witness fluctuations in the price of raw materials such as rapeseed oil, cottonseed oil, and soybean oil that can hamper the growth of the market during the forecast period.

Market Insights:

Dimer acids and dimer acid-based products find application across industries such as adhesives, paints & coatings, and oilfield chemicals. These end-use industries are estimated to witness steady growth over the forecast period; this is expected to drive the growth of the global dimer acid market between 2018 and 2027. Steady economic and industrial growth in developing regions such as the Asia Pacific is expected to be a major factor driving the growth of the global dimer acid market over the forecast period. The price of dimer acids is determined by the price of vegetable oil, which is prone to fluctuations, resulting in the volatility of dimer acid prices. Such price volatility is likely to act as an impediment to the growth of the global dimer acid market during the forecast period.

Market Segment Insights:

In 2019, standard product type accounted for the largest share of 42.50% of the market in terms of volume. Growth is projected to highest from the distilled product segment. Whereas, the hydrogenated product segment is projected to witness below-average growth rates during the forecast period. Nonreactive polyamide resins were the leading application segment with 39% of total market revenue. Reactive polyamide resins are expected to witness the highest growth rate over the forecast period due to the rise in its demand from the marine coatings and other industries. The growth of infrastructure in emerging markets is also projected to drive the market demand for reactive polyamide resins. Oilfield chemicals is another lucrative market projected to witness above-average growth rates.

Global Dimer Acid Market Segmentation:

By Product, 2018–2027 ($ Millon)

• Standard
• Distilled
• Hydrogenated

By Application, 2018–2027 ($ Millon)

• Non-Reactive Polyamides
• Reactive Polyamides
• Oilfield Chemicals
• Others

By Geography, 2018-2027 ($ Millon)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

Globally, Asia Pacific is the largest and fastest market for dimer acid. In 2019, it accounted for 40% share of the market pie in terms of volume. ROW is another lucrative market for dimer acid after Asia Pacific. Easy availability of raw material and economic development are the factors contributing towards the market growth in Asia Pacific and ROW regions. European market is projected to witness average growth rates during the forecast period.

Market Competition Assessment:

The major players currently operating in the global dimer acid market include Arizona Chemicals Company, LLC, BASF SE, Croda International Plc., EMERY, Florachem, Henkel, Jiangsu Yonglin Oleochemical Co., Ltd., KLK 100 Anqing Hongyu, Oleon NV, and Shandong Huijin Chemical Co. Ltd.

List of Key Companies:

• Arizona Chemicals Company, LLC
• BASF SE
• Croda International Plc.
• EMERY
• Florachem
• Henkel
• Jiangsu Yonglin Oleochemical Co., Ltd.
• KLK 100 Anqing Hongyu
• Oleon NV
• Shandong Huijin Chemical Co. Ltd

Key Questions Answered by Dimer acid Market Report

• Global dimer acid market forecasts from 2020-2027
• Regional dimer acid market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Dimer acid submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to dimer acid market
• Analysis of the key factors driving and restraining the growth of the global, regional and country level dimer acid markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the dimer acid market

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