Dimer Acid Market trends research and projections for 2017-2023

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Dimer Acid Market to grow at over 4 CAGR from
2016 to 2023
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Global Market Scenario of Dimer Acid Market

• Growing demand for polyamide resins owing to rise
  in expenditure on construction activities is
  predicted to favorably affect global dimer acid
  market size over the coming years. According to
  Global Market Insights, Inc., Dimer Acid
  industry size is predicted to reach USD 2.2
  billion by 2023. EPA and REACH norms favoring
  the use of dimer acid in various sectors owing to
  its non-toxic nature is expected to boost the
  global industry trends over the coming years.
• Rapid urbanization as well as high economic
  growth along with heavy spending on
  infrastructure in countries such as South Africa,
  China, Mexico, Brazil, Russia, and India are
  projected to contribute significantly towards the
  industry growth over the coming years.
• Furthermore, the use of dimer acid in
  surfactants, alkyd resins, fuel oil additives,
  adhesives, and lubricants is anticipated to
  increase the industry share over the next few
  years.
• Dimer acid are extensively used in end-use
  segments such as oilfield chemicals, which find
  wide applications in refining, well drilling, and
  hydraulic fracturing.

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Continue.....

• They are also used in feedstock comprising
  lubricants, corrosion scale inhibitors,
  surfactants, wetting agents, and demulsifiers.
  Rising amount of drilling activities carried out
  across the globe for fulfilling global energy
  requirements is predicted to propel the demand
  for oilfield chemicals, thereby contributing to
  global dimer acid market growth over the coming
  years.
• Dimer acid market size in oilfield chemicals
  segment is predicted to reach USD 360 million by
  2023 owing to their extensive use in shale gas
  exploration and extraction activities.
• Dimer acid also finds its application in reactive
  polyamide resins and non-reactive polyamide
  resins. Dimer acid market share in non-reactive
  polyamide resin segment accounted for over USD
  560 million in 2015, and is anticipated to grow
  considerably over the coming years.
• The growth can be contributed to high demand for
  solvents from printing inks, paper coatings, and
  adhesives. Its application in reactive polyamide
  resin segment is expected to grow at a rate of
  4.6 over 2016-2023, owing to the rising demand
  for adhesives coatings in construction and
  marine sectors.

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Europe Dimer Acid Market size, by application,
2012-2023 (Kilo Tons)
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360 Analysis
Application Analysis Nonreactive polyamide
resins application generated revenue over USD 560
million in 2015. Rising solvent demand from
industries such as printing inks, adhesives and
paper coatings may drive global dimer acid market
size for nonreactive polyamide resins. Reactive
polyamide resins application is forecast to
witness gains over 6.5 CAGR in terms of revenue.
Increasing surface coatings adhesives demand in
marine and construction may drive product
demand. Regional Analysis North America dimer
acid market size, led mainly by the U.S.
construction industry growth, was valued over USD
300 million in 2015. Growing infrastructure
industry led by government initiatives is likely
to drive epoxy masonry coating agents and
adhesives demand, which further may boost
regional demand. Competitive Market
Share Global dimer acid market share is fairly
consolidated with key industry participants
comprising above 45 of global share in 2015.
Major industry participants include Arizona
Chemicals, Oleon and Croda. Other notable
participants include BASF, Anqing Hongyu, Aturex
Group, Harima, Jiangsu Yonglin oleochemical,
Shangdong Huijin, Novepha, Florachem, Liancheng
Baixin, and Nissan Chemical.

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