Market Size of Dimer Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Dimer Acid Market Analysis
The market for dimer acid is expected to register a CAGR of more than 5% during the forecast period.
The market was hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021 is expected to benefit the market during the forecast period.
- Increasing applications for polyamide resins and growing usage of adhesives and fuel oil additives are driving market growth.
- Fluctuating raw material prices and uncertainty in the production of rapeseed oil, cottonseed oil, and soybean oil are expected to hinder market growth.
Dimer Acid Industry Segmentation
Dimer acids (dimerized fatty acids) are dicarboxylic acids produced by dimerizing unsaturated fatty acids. Dimer acids are light yellow transparent viscous liquids having non-toxic nature. Dimer acids can be used to synthesize polyamide resins and hot melt adhesives. They are also used in alkyd resins, adhesives, surfactants, fuel oil additives, and lubricants. The dimer acid market is segmented by application and geography. By application, the market is segmented into alkyd resins, adhesives and elastomers, lubricants, polyamide resin, fuel oil additives, and other applications. The report also covers the market size and forecasts for the dimer acid market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo metric tons).
| Application | |
| Alkyd Resins | |
| Adhesives and Elastomers | |
| Lubricants | |
| Polyamide Resin | |
| Fuel Oil Additives | |
| Other Applications |
| Geography | |||||||
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Dimer Acid Market Size Summary
The dimer acid market is poised for significant growth, driven by its increasing applications in polyamide resins, adhesives, and fuel oil additives. This growth trajectory is supported by the recovery of the construction industry post-COVID-19 disruptions, which had previously impacted the market due to supply chain challenges. Dimer acid, a dicarboxylic acid, is integral in manufacturing alkyd resins used in synthetic paints and coatings, particularly in the construction sector. Its properties, such as high molecular weight and flexibility, make it suitable for use in surface coatings, lubricants, and fuel additives. The demand for polyamide hot-melt adhesives, which utilize dimer acid, is also on the rise due to their superior adhesion properties and resistance to environmental factors, making them preferable in various applications across industries like automotive and textiles.
The market landscape is characterized by a partial consolidation, with major players like BASF, Croda International, Oleon NV, Harima Chemicals, and Emery Oleochemicals holding significant market shares. These companies are actively expanding their operations and capabilities, as evidenced by recent strategic acquisitions and investments. The Asia-Pacific region, particularly China and India, is witnessing a surge in demand for dimer acid, driven by the construction sector's growth and the increasing need for adhesives in packaging and other industries. Despite challenges such as fluctuating raw material prices, the market is expected to benefit from the steady growth of end-user industries and the expanding applications of dimer acid in various sectors.
Dimer Acid Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Applications for Polyamide Resins
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1.1.2 Growing Usage of Adhesives and Fuel Additives
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1.2 Restraints
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1.2.1 Fluctuating Raw Material Prices
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Application
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2.1.1 Alkyd Resins
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2.1.2 Adhesives and Elastomers
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2.1.3 Lubricants
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2.1.4 Polyamide Resin
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2.1.5 Fuel Oil Additives
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2.1.6 Other Applications
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Dimer Acid Market Size FAQs
What is the current Dimer Acid Market size?
The Dimer Acid Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)
Who are the key players in Dimer Acid Market?
BASF , Croda International , Oleon N.V , Harima Chemicals and Emery Oleochemicals are the major companies operating in the Dimer Acid Market.
