DUBLIN, Dec. 29, 2023 /PRNewswire/ -- The "Dimer Acids - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Dimer Acids estimated at US$688.6 Million in the year 2022, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
Standard, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$481 Million by the end of the analysis period. Growth in the Distilled segment is estimated at 5.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $159.4 Million, While China is Forecast to Grow at 6.6% CAGR
The Dimer Acids market in the U.S. is estimated at US$159.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$252.8 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Key Market Trends & Drivers
- Polyamide Resins: Holding Value Proposition for Diverse Applications & Dimer Acid
- Polyamides Build on Dimer Fatty Acid
- Industrial Polyamide-Based Cable Protection Systems
- Trends in the Construction Industry Influence Market Uptake of Dimer Acid
- Increased Activities of Remodeling and Renovation to Propel the Growth
- Growing Adoption of Dimer Acid in Paints and Coatings Drives Market Growth
- Strong Demand for Alkyd Resins Supported by a Robust Paints and Coatings Industry to Spur Demand for Dimer Acid.
- Shift towards Low-VOC Options for Paints & Coatings
- Surging Usage of Hot Melt Adhesives Spur the Demand for Dimer Acid
- Diverse End-Use Markets - A Major Plus for Hot Melt Adhesives
- Packaging: The Largest Market for Hot Melt Adhesives
- Key Packaging Applications & Benefits of HMAs
- Hot Melt Adhesives from Biodegradable Resources
- Strong Demand for Fuel Additives to Boost Consumption of Dimer Acid
- Robust Fuel Additives Market to Boost Demand for Dimer Acid, a Key Commodity in the Upstream Value Chain
- Fuel Additive Market: Primary Drivers
- Guidelines to Curb Emissions Ignite Demand
- Expansion of Automotive Industry & Rising Gasoline Demand
- Rising Consumption of Aviation Fuels
- Emergence of Green Fuel Additives
- Emergence of Green Corrosion Inhibitors as Raving Trend to Augur Well for Dimer Acid
- Toxicity Concerns Augment Demand for Green Inhibitors
- Dimer Acid: Gaining Attention for Anti-Corrosion Properties
- Rising Opportunities in the Automotive Sector Drive Market Demand
- World Automobile Production in Million Units: 2008-2022
- Growing Opportunities in the Cosmetics Industry
- Promising Growth of Oilfield Chemicals to Boost Dimer Acid Consumption
- Process & Technology Advancements Augur Well for Market Growth
Key Companies Profiled
- Fujian Zhongde Energy Co. Ltd
- BASF SE
- MilliporeSigma
- Croda International PLC
- Emery Oleochemicals Group
- Nissan Chemical Corporation
- Oleon NV
- Harima Chemicals Group, Inc.
- Ingevity Corporation
- A.B. Enterprises
- KLK Oleo
- Anhui Elite Industrial Co., Ltd.
- Kraton Corporation
- BOC Sciences
- Ataman Kimya AS
Key Topics Covered:
1. MARKET OVERVIEW
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
- COVID-19-Led Economic Downturn Weighs on Construction Sector, Affecting Dimer Acid Market
- World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
- COVID-19 Impact on Dimer Acid Market
- Competitive Landscape
- Dimer Acids - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Global Market Analysis and Prospects
- Global Dimer Acid Market Continues Leaping from Strength to Strength
- Hydrogenated & Distilled Dimer Acid & Oilseed Chemicals: Principal Segments of Dimer Acid Market
- Non-reactive Polyamide Resins Dominate, While Reactive Polyamide Resins to Witness Fastest Growth
- Regional Market Analysis
- Market Restraints
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/246j32
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