Industry Trend Analysis
The global Dimer Acid market was valued at USD 1.43 billion in the year of 2016 and is anticipated to reach approximately USD 2.57 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.70% during the forecast period. Increasing demand for polyamide resins in adhesives and coatings industries is anticipated to be a major driving factor for market industry growth during the forecast years. Emerging regions in Asia Pacific, Central, and South America are estimated to witness significant growth during the forecast period together accounting for around 45% share of the global market by 2025. Growing urbanization in Mexico, China, Russia, South Africa, Brazil, and India has eased the requirement of better residential and public infrastructure. These regions are also distinguished by escalating production facilities further alleviating construction activities. Rising construction expenditure, especially by the government, in emerging countries is projected to boost the demand for polyamide resins in construction materials and adhesives, thus nurturing dimer acid market growth. Oilfield chemicals find the extensive scope of application in gas and oil extraction and treating activities and other uses such as hydraulic fracturing, well drilling, and refining.
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The global market industry is greatly focused on four key companies reporting for around 45% of the total market volume. Some of the major players in global dimer acid market involve, Arizona Chemicals, Florachem Corp., Aturex Group, BASF, Emery Oleochemicals, Oleon N.V., Novepha Co. Ltd., Anqing Hongyu Chemical Co. Ltd., Nissan Chemical America Corp. and Harima Chemicals.
Application Outlook and Trend Analysis
Reactive polyamide resins egressed as the biggest application section with a volume anticipated at around 190-kilo tons in 2015. The growth of the segment is motivated by rising demand for these resins in the construction field, particularly in floor & epoxies coatings to improve performance. It is also projected to appear as the top application, mounting at significant compound annual growth rate over the forecast years. Nonreactive polyamide resins section is anticipated to show substantial growth in the near future, on account of increasing applications in a range of paper coatings, flexographic printing inks, and industrial solvents. The segment described for 40% of the total market volume in 2015 as well as expected to witness high compound annual growth rate.
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Regional Outlook and Trend Analysis
Asia Pacific dimer acid market has led the global market industry and calculated for over 40% of the overall volume in 2015. It is anticipated to preserve its governance over the forecast years, rising at steady compound annual growth rate during forecast timeline. Expansion in construction activities together with encouraging government initiatives and regulations in the region boosting manufacturing is likely to drive dimer acid demand as well. North America is predicted to witness intermediate growth owing to rising construction expenditure in Mexico together with the recuperation of housing division post-recession. It is also likely to benefit from escalating shale gas extraction and crude oil production in the United States.
The global dimer acid market is segmented as follows-
By Product Type
Distilled & hydrogenated
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Rest of Europe
Rest of Asia Pacific