Global Dimer Acid Market 2017-2021

Overview of the global dimer acid market

Dimer acid is non-toxic and has environment-friendly properties. It delivers stable performance and is a non-volatile substance. It has been tested to be safe for animals and humans. Research analysis on the global dimer acid market identifies that the introduction of supportive environmental regulations will be one of the major factors that will have a positive impact on the growth of the market. Renewable sources such as tall oils and fatty acids are increasingly used to produce dimer fatty acid. The applications of dimer acid for various purposes has been approved by several environmental agencies such as the environmental protection agency (EPA) of the US and the European chemicals agency (ECHA). Dimer acid has been exempted from the toxic substances control act of 1976 (TSCA) because it is not listed in the toxics release inventory (TRI). Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2021.

Dimer acid is extensively used in various applications such as rotogravure, flexographic inks, and hot-melt adhesives. It offers rapid curing, film flexibility, heat and cold resistance, oil and chemical resistance, and excellent adhesion. It is also preferred in a varied range of paints and coatings because it can dissolve in the majority of the solvents except for water. Manufacturers use dimer acid to make dual component epoxy paints and adhesives and curing agents that can perform under low-pressure and low-temperature conditions. The rising adoption of dimer acid in various emerging applications such as inks, adhesives, and paints and coatings is identified as one of the key trends that will drive the growth prospects for the global dimer acid market until the end of 2021.

Competitive landscape and key vendors

The dimer acid market is highly competitive due to the presence of a considerable number of key global players, along with few regional and local players. These players have huge facilities and a vast geographical presence. Vendors are increasingly competing against each other based on factors such as innovations and the price of the product.

Key vendors in this market are -

• Croda International
• Emery Oleochemicals
• Florachem
• Kraton Corporation
• Oleon

Other prominent vendors in the market include Anqing Hongyu Chemical, BOC Sciences, Chemical Associates, Harima Chemicals Group, Jarchem Industries, Jiangsu Yonglin Oleochemical, and Shandong Huijin Chemical.

Segmentation by application and analysis of the dimer acid market

• Oilfield chemicals
• Reactive polyamides
• Non-reactive polyamides

The dimer acid market is experiencing growth in the non-reactive polyamides application segment due to the increasing demand for dimer ink in inks, paints, coatings, and metalworking liquids. Various end-user industries such as printing inks, paper coatings, and adhesives extensively use non-reactive polyamide resins. The consumption of non-reactive polyamide resins is high in the construction industry as they are used as anti-corrosion coatings. This in turn, will drive the growth prospects for the dimer acid-based (DAB) polyamide resins market.

Segmentation by geography and analysis of the dimer acid market

• APAC
• Europe
• North America
• ROW

The increasing demand for low-cost products is driving the need for standard dimer acids in APAC. The demand for hydrogenated and distilled dimer acid is also increasing because they have high specific characteristics such as heat and oxidation resistance. The high adoption of dimer acid in countries such as China, India, and Japan will continue to drive the market’s growth in the region throughout the projected period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global dimer acid market?
• What are the key market trends impacting the growth of the global dimer acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global dimer acid market?
• What are the market opportunities and threats faced by the vendors in the global dimer acid market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global dimer acid market?

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