Dimer Acid Market – Upcoming Growth Opportunities, Revolutionary Trends & Future Benefits of Product 2023

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Dimer Acid Market Research Report Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Dimer Acid Market - 2023
Global Dimer Acid Market Information By
Product Type (Standard, Distilled, Distilled
Hydrogenated), Application (Reactive
Non-Reactive Polyamide, Oilfield Chemical,
Cosmetic Products), End-Use Industry
(Construction, Oilfield, Cosmetics), And Region-
Forecast Till 2023 Dimer acid is a yellow,
viscous, and transparent liquid made by
dimerizing unsaturated fatty acids on clay
catalysts. Its molecular formula is C36H68O4.
Unsaturated fatty acids are obtained from natural
sources such as oleic acid, canola oil, tallow,
cottonseed, tall oil, and rapeseed oil. Dimer
acid is also known as dimerized fatty acids and
36 dimer acids. It is non-toxic and eco-friendly.
It offers excellent properties to the polymer
such as excellent elasticity, flexibility, high
impact strength, hydrolytic stability, thermal
stability, hydrophobicity, and lower glass
transition temperatures. Dimer acid is widely
used to synthesize polyamide resins. The
polyamide resins are of two types reactive
polyamide and nonreactive polyamide. The reactive
polyamide is widely used as a curing agent for
epoxy resin for thermosetting surface coating,
adhesives, potting materials lining, molded
resin, marine coating, heavy duty coating, and
others. The nonreactive polyamide is used for
producing hot melt adhesives and printing
inks. Dimer acid is also used in oilfield
application as a corrosion scale inhibitor,
wetting agents, surfactants, and demulsifier.
Moreover, it is used in cosmetics personal care
products such as in hair color products,
depilatory wax removal products, and to make
safer nail polishes. Rapidly growing construction
industry boost the demand for adhesives,
sealants, surface coating, paint inks and
thereby it is expected to ensure stable revenue
source for dimer acid market. Additionally,
increasing number of drilling activities across
the globe to meet excess energy demand is
expected to boost the demand for oilfield
chemicals, which positively impact the global
dimer acid market. Furthermore, the cosmetics
application is expected to fuel the dimer acid
market to a large extent.
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Dimer Acid Market - 2023
Regional Analysis The Global Dimer Acid market
is segmented into five regions namely Asia
Pacific, North America, Europe, Latin America,
and the Middle East and Africa. Asia Pacific is
leading the regional landscape owing to high
demand from the construction industry for hot
melt adhesives, normal adhesives, surface
coatings, sealants, and paints among others.
Additionally, rising energy demand is expected to
increase the consumption of oilfield chemicals in
Asia Pacific region, particularly in China.
Furthermore, growing trends of using bio-based
cosmetics are expected to show rising demand for
dimer acid from the cosmetics industry. The
Middle East is following the Asia Pacific in
terms of market consumption and is expected to
witness a significant growth for dimer acid over
the forecast period. Ongoing infrastructural
projects were taken up by the Middle East
government to flourish tourism industry is
expected to boost the demand for adhesives,
sealants, surface coatings, paints, which is
likely to impact the growth of dimer acid market
positively. Additionally, the demand for oilfield
chemicals is expected to show a steady growth
during the forecast period due to the high
concentration of oilfield reserves in the
region. North American and European markets are
relatively mature and are expected to show a
considerable demand over the forecast period
owing to high construction spending, especially
for renovation activities. Latin America is
expected to show a moderate demand for dimer
acid, particularly in Mexico and Brazil, due to
ongoing construction activities. Key
Players Some of the prominent players operating
in the global dimer acid market are Shandong
Huijin Chemical Co. Ltd (China), Croda
International Plc (U.K.), Oleon Corporate MS
(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).
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Dimer Acid Market - 2023
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. 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. On the basis of the
end-user industry, the global dimer acid market
is segmented into construction, oilfield,
cosmetics industry, and others. 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. Intended Audience Dimer acid
manufacturers Traders and distributors of dimer
acid Research and development institutes Potential
investors Raw material suppliers Nationalized
laboratory
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