The latest report by IMARC Group, titled “Dimer Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global dimer acid market size reached US$ 2.57 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.85 Billion by 2028, exhibiting a growth rate (CAGR) of 7.06% during 2023-2028.
Dimer acid is a chemical compound primarily derived from the dimerization process of unsaturated fatty acids. The compound is often sourced from natural oils such as tall oil and serves as an essential building block in the synthesis of various resins, adhesives, and polyamides. The unique structure of dimer acid offers exceptional chemical resistance, thermal stability, and flexibility, making it well-suited for high-performance applications. It is extensively used in numerous industries like coatings, adhesives, fuel and lubricants, and cosmetics. As a result, dimer acid is particularly invaluable for the production of non-toxic, eco-friendly products due to its low volatile organic compound (VOC) emissions, which aligns with the rising environmental standards in various sectors across the globe.
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Dimer Acid Market Trends and Drivers:
The global dimer acid market is primarily driven by the escalating product demand from the automotive and construction industries, where dimer acid-based adhesives and resins are widely used. In addition, the shifting trend toward sustainable and environmentally friendly products is amplifying the demand for bio-based dimer acids, which boast low VOC emissions. Furthermore, ongoing technological advancements aimed at enhancing the efficiency and versatility of dimer acid applications are contributing to the market growth. This is coinciding with increasing regulatory scrutiny on toxic substances, thus encouraging industries to opt for eco-friendly alternatives, which in turn is propelling the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Standard
- Distilled
- Distilled and Hydrogenated
Breakup by Application:
- Alkyd Resins
- Adhesives and Elastomers
- Lubricants
- Polyamide Resins
- Fuel Oil Additives
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Aturex Group
- Croda International plc
- Emery Oleochemicals
- Florachem Corporation
- Harima Chemicals Group Inc.
- Jinan Tongfa Resin Co. Ltd.
- Kraton Corporation (DL Chemical Co. Ltd.)
- Oleon NV (Avril Group
- Qingdao ECHEMI Digital Technology Co. Ltd.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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