Global Dimer Acid Market Size To Worth USD 4.6 Billion By 2033 | CAGR of 6.29%
Category: Chemicals & MaterialsGlobal Dimer Acid Market Size To Worth USD 4.6 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Dimer Acid Market Size is to Grow from USD 2.5 Billion in 2023 to USD 4.6 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.29% during the projected period.
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Browse key industry insights spread across 221 pages with 110 Market data tables and figures & charts from the report on the "Global Dimer Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Standard, Distilled, and Distilled & Hydrogenated), By Application (Alkyd Resins, Adhesives and Elastomers, Lubricants, and Polyamide Resin), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/dimer-acid-market
Dimer acid is a light-yellow, sticky liquid formed by the combination of unsaturated fatty acids. It is also referred to as dicarboxylic acid. It is obtained using a process known as dimerization, in which fatty acids from soy, corn, and bran oils are mixed to produce the final product. The increasing demand for polyamide synthesis is projected to drive the dimer acid industry. Dimeric acid is widely utilized in the paint and coating industries because of its long-lasting resilience and adhesive properties. The global expansion of the paint and coating industries is expected to drive the dimer acid market. However, the variation in raw material prices could restrict the growth of the market.
The distilled and hydrogenated segment holds the biggest market share during the forecast period.
Based on the product type, the global dimer acid market is divided into standard, distilled, and distilled & hydrogenated. Among these, the distilled and hydrogenated segment holds the biggest market share during the forecast period. The distilled and hydrogenated product type is a significant component in the production of nylon resin and fiber, improving their mechanical properties. This will promote market growth over the predicted time period. It is also applied in the metal processing industry to improve corrosion resistance and lubricity.
The alkyd resins hold the largest market share during the predicted period.
Based on the application, the global dimer acid market is divided into alkyd resins, adhesives and elastomers, lubricants, polyamide resin. Among these, the alkyd resins hold the largest market share during the predicted period. Alkyd resins are an important component of most paints, varnishes, and enamels. They are known for their brightness, toughness, and corrosion resistance. Alkyd resins are an important component of most paints, varnishes, and enamels. They are known for their brightness, toughness, and corrosion resistance. They are the primary resin or binder used in many commercial oil-based paints.
Asia-Pacific is having the biggest share of the global dimer acid market over the forecast period.
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Asia Pacific leads the dimer acid market due to the presence of key industries such as adhesives, paints and coatings, and lubricants. Furthermore, rapid industrialization and urbanization have resulted in widespread product use in construction materials, automotive components, consumer products, and packaging materials, which is boosting market expansion. Moreover, the widespread availability of natural resources, combined with a greater emphasis on sustainability, is increasing product demand because it is derived from natural and renewable resources, contributing to the expansion of the dimer acid market.
North America is predicted to grow fastest pace throughout the forecast period. North America is anticipated to be the most rapidly growing region. North America is expected to grow the most as a result of Mexico's increasing construction spending and the revival of the housing sector from the recession. Furthermore, it is likely to gain from increased crude oil and shale gas production in the United States.
Major vendors in the global dimer acid market include Aturex Group, Harima Chemicals Group, Inc., Forchem Oyj, Emery Oleochemicals, Elevance Renewable Sciences, Inc., Cathay Biotech Inc., TCI ChemicalsPvt. Ltd, Nanjing Chemlin Chemical Industrial Co. Ltd, Chemical Corporation, Junheng Industrial Group Biotechnology Co., Ltd, Croda International Plc, Kraton Corporation, BASF SE, Qingdao ECHEMI Digital Technology Co., Ltd, and Others.
Recent Developments
- In October 2024, The North Carolina Department of Environmental Quality's Division of Water Resources has established interim maximum allowable concentrations (IMACs) for eight perfluoroalkyl substances (PFAS) in ground water. It contains hexafluoropropylene oxide dimer acid, which can be used to set groundwater cleaning targets by the DEQ's Waste Management Division.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global dimer acid market based on the below-mentioned segments:
Global Dimer Acid Market, By Product Type
- Standard
- Distilled
- Distilled & Hydrogenated
Global Dimer Acid Market, By Application
- Alkyd Resins
- Adhesives and Elastomers
- Lubricants
- Polyamide Resin
Global Dimer Acid Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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