Trimer Acid Market is expected to reach US$ 299.29 Million in 2022, at a CAGR of 4% from 2022-2032 | Future Market Insights, Inc.

News provided by

Aug 22, 2022, 09:30 ET

As per the analysis, the market in the U.S is expected to witness a CAGR of 2% during the review period. The food and beverage sector is the most common end-user of printing inks for labeling and goods packaging, thereby increasing demand for trimer acid.

NEWARK, Del., Aug. 22, 2022 /PRNewswire/ -- The global trimer acid market is expected to bolster phenomenal growth with a healthy CAGR of 4% during the forecast period from 2022 to 2032. The market reached US$ 288.4 Million in 2021 and is estimated to touch US$ 299.29 Million in 2022. As per FMI estimations, the trimer acid market will surpass the revenue of US$ 442 Million by 2032.

The reactive polyamides segment is expected to gain maximum traction based on the application segment throughout the assessment period. The expansion of residential and non-residential construction projects all over the world is responsible for the rise of the segment. The increasing application of reactive polysulfide resin in the automotive sector, rising paper industry, and replacement of traditional resins with polyamide resins have spiked the segmental growth notably.

Request a Sample PDF@ https://www.futuremarketinsights.com/reports/sample/rep-gb-8837

Key Takeaways

An incredible surge in the construction chemicals market has led to higher sales in the trimer acid market. The rising investment of various governments across the globe is aiding in developing their infrastructure which is propelling growth in the construction industry. These factors are augmenting the trimer acid market in the coming years.
The growth of the trimer acid market is attributed to the increasing demand for adhesives & sealants and synthetic lubricants. The surging trend of bio-based adhesives and lubricants is predicted to offer growth opportunities in the coming years.
The use of trimer acid for the manufacturing of paints and protective coatings in the building and construction sector has spurred market growth at a reasonable pace.
Increasing population growth and urbanization in developing countries like China, Brazil, and Indonesia. Mexico and India are significant in driving demand for adhesives & sealants, thereby, propelling the trimer acid market in the forecast period.
Diverse applications of adhesives & sealants in the construction industry such as tiling, wallpapers, and exterior insulation systems have made notable contributions to driving the global trimer acid market.
High-performance adhesives are gaining traction and offering new avenues of opportunities for market expansion. Key companies are focusing on developing high-performance adhesives to serve shifting consumer preferences in order to gain an edge in the global trimer acid market.

For critical insights, request for PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-8837

Competitive Landscape

Kraton Corporation, Liancheng baixin science, and technology Co., Ltd, Alfa Chemical Corporation, Soofi Enterprises, Spectrum Chemical Mfg. Corp, Riteks, Croda lubricants, Fujian Zhongde Energy Co., Ltd., Univar USA Inc.

Key players in the market are taking initiatives to develop the ink market, resulting in a substantial boost in the trimer acid market.

More Insights into the Trimer Acid Market

The Future Market Analysis reveals that China is projected to account for a reasonable market share with an opulent CAGR of 4.5% throughout the forecast period. China is considered to be the world's largest building market of the world, accounting for 20% of construction investment across the globe.

In 2018, China accounted for about 50 trillion-yuan worth of contracts signed by their construction organizations. The construction segment successfully surpassed 23 trillion yuan that year. In 2019, China Railway Construction Corporation disclosed the value of newly signed contracts for the first time three quarters this year spiked by 25.07% from a year ago to 1.12 trillion yuan.

Progressive growth is witnessed by the construction industry in China. Owing to the increasing migration and surging household income is expected to propel the demand for residential construction in the country.

The United States market is expected to witness an average CAGR of 2% throughout the assessment period. The food and beverage sector is the most common end-user of printing inks for labeling and goods packaging, thereby increasing demand for trimer acid.

A noticeable surge in the demand for digital advertisements and e-books is witnessed over the review period. Furthermore, strict regulations concerning disposal are expected to hamper the market growth in the forecast period.

Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-8837

Key Segments Profiled in the Global Trimer Acid Market

By Type:

Standard Trimer Acid
Distilled Trimer Acid
Distilled & Hydrogenated Trimer Acid

By Application:

Non-Reactive Polyamide Resin

Viscosity Modifiers
Corrosion Inhibitor
Reactive Polyamides Resin

By End Use:

Adhesives & Sealants
Drilling Fluid
Printing Inks
Surface Coatings

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

Get detailed TOC @ https://www.futuremarketinsights.com/toc/rep-gb-8837

Have a Look at Related Research Reports of Chemicals & Materials

Activated Alumina Market Size: The global activated alumina market is estimated to secure a bearish CAGR of 5.8% during the forecast period and attain a value of US$ 642.8 Million by 2032.

Building Thermal Insulation Market Trends: The global building thermal insulation market is anticipated to secure US$ 29,034 Million in 2022. During the forecast period ranging from 2022 to 2032

Carbon Nanotubes Market Share: The global carbon nanotubes market is expected to be valued at US$ 894 Million in 2022.

Thermal Interface Materials Market Outlook: The global thermal interface materials market is expected to flourish in the global market and thrive at a CAGR of 11.2% between 2022 and 2032.

Plastic Compounding Market Growth: The global plastic compounding market is expected to reach a market valuation of US$ 64.8 Billion by the year 2022, accelerating with a CAGR of 7.4% by 2022-2032.

Immunohistochemistry Market Demand: The immunohistochemistry market is projected to be valued at US$ 2.05 Bn in 2022 and is anticipated to reach US$ 4.59 Bn by 2032, with a rapid CAGR of 8.4% from 2022 to 2032.

North America Potassium Formate Market Sale: The North America potassium formate market is set to reach a valuation of US$ 216.3 Mn by 2022. The global market is expected to grow at a CAGR of 4.8% from 2022-2032

Reclaimed Rubber Market Type: The global reclaimed rubber market is expected to reach a market valuation of US$ 1.15 Billion by the year 2022, accelerating with a CAGR of 10.9% by 2022-2032.

Dodecanedioic Acid Market Forecast: The market for dodecanedioic acid was mainly driven by polyamides market. Dodecanedioic acid is majorly used in manufacturing of polyamide 6,12. Polyamide 6,12 is majorly used in manufacturing nylon products.

Acidity Regulator Market Technology: Global Acidity Regulator demand is anticipated to be valued at US$ 7 Billion in 2022, forecast to grow at a CAGR of 8.62%to be valued at US$ 16 Billion from 2022 to 2032.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years. 

Contact:
Future Market Insights Inc.  
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA  
T: +1-845-579-5705  
Report: https://www.futuremarketinsights.com/reports/trimer-acid-market
For Sales Enquiries: [email protected]   
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs