Global Dimer Acid Market by Application (Oilfield Chemicals, Nonreactive Polyamide Resins, Reactive Polyamide Resins) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

The global dimer acid market was worth USD 1.31 billion in 2015 The industry is forecast to grow primarily because of rising demand for polyamide resins used in adhesives and coatings industries.

The forecast period will see significant growth in the developing regions of Asia Pacific & Central & South America, which together account for more than 45% of the global market by 2024. Rapid urbanization has enabled the development of better residential and public infrastructure in China, India Brazil, South Africa, South Africa, South Africa, South Africa, South Africa, South Africa, Brazil, and Mexico.

These areas are also home to expanding manufacturing plants, which further facilitate construction. These countries are expected to increase construction spending, especially by the government. This will boost demand for polyamides in adhesives and construction materials and encourage dimer acid market growth.

U.S. dimer acids market revenue by application, 2014-2024 (USD Million).

There are many applications for oilfield chemicals in oil and gas extraction, processing, and other activities, such as refining and hydrofracturing. Dimer acid is a key ingredient in oilfield chemicals. It can be used as a raw material for corrosion and scale inhibitors, surfactants, wetting agents, and demulsifiers.

Dimer acid applications are likely to be encouraged by the shift from energy imports to domestic production, in order to be self-sufficient and cater to growing energy demands in emerging economies.

Oilfield chemicals will be positively impacted by the increasing number of drilling operations around the world to meet increased energy demand. Dimer acid demand will also be positively impacted by this increase in drilling activity. Oilfield chemicals demand will also be boosted by rising crude oil consumption and production in countries like the U.S., Canada and China, as well as other Middle Eastern countries. These factors are key to the growth of dimer acids markets.

The growing shipping and water transport industries will drive demand for marine coatings. For enhanced coating performance, marine coatings increasingly use dimer acid in the form acid-based polyamide resins. Over the forecast period, this trend will fuel dimer acid consumption.

Soybean and corn oils are in high demand by the food and biofuels industries. This has led to a decrease in dimer acid production. Limited supply will cause volatility in raw material prices, which is expected to limit growth. Over the forecast period, however, major players will have immense opportunities due to favorable regulations such as REACH and EPA.

Application Insights

The largest segment was reactive polyamide resins, with an estimated volume of over 190kilo tonnes in 2015. This segment is experiencing rapid growth due to increased demand for these resins, particularly in the construction industry. It is expected to be the fastest-growing application, with an estimated CAGR 4.3% between 2016 and 2024.

The segment of nonreactive polyamide resins is expected to grow significantly in the future due to growing use in various industrial solvents and flexographic printing, inks, and paper coatings. This segment represented 40% of global market volume in 2015, and it is projected to grow at a CAGR of 4.0% between 2016-2024.

Regional Insights

The Asia Pacific dimer acids market accounted for more than one-third of global volume in 2015, and led the industry. It is expected that it will continue to dominate the market over the forecast period. The CAGR for 2016-2024 is 4.8%. Dimer acid demand will also be driven by the growth in construction activity and favorable regulations.

North America is expected to experience average growth due to increased construction spending in Mexico and the recovery of the housing sector after the recession. It will also benefit from increased crude oil production and shalegas extraction in the U.S.

Competitive Insights

The industry is highly concentrated, with the top four companies accounting more than 45% of total volume. Florachem Corp. is one of the major players in the global dimer acid market.

Up Market Research published a new report titled “Dimer Acid Market research report which is segmented by Application (Oilfield Chemicals, Nonreactive Polyamide Resins, Reactive Polyamide Resins), By Players/Companies Emery Oleochemicals, Aturex Group, Novepha Co Ltd, Harima Chemicals and Nissan Chemical America Corp, BASF, Oleon NV, Arizona Chemicals, Anqing Hongyu Chemical Co Ltd, Florachem Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Dimer Acid Market Report Segments:

The market is segmented by Application (Oilfield Chemicals, Nonreactive Polyamide Resins, Reactive Polyamide Resins).

Dimer Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Dimer Acid Market

Overview of the regional outlook of the Dimer Acid Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Dimer Acid Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Dimer Acid Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Oilfield Chemicals

                2. Nonreactive Polyamide Resins

                3. Reactive Polyamide Resins

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Dimer Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Dimer Acid Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.