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Dimer Acid Market Trends, Outlook, Overview and 2024 Forecast

Growing consumption of polyamide resins in marine coatings is a major growth driving factor over the forecast period. Increasing oilfield chemicals demand which uses dimer acid as feedstock owing to rising drilling activities to meet excess energy demand is also expected to drive the demand growth.

The Global Dimer Acid Market is expected to reach USD 2.30 billion by 2024, according to a new report by Grand View Research, Inc.


Asia Pacific and Latin America are expected to witness brisk growth owing to increasing construction activities in the regions. Emerging economies such as China and India along with Southeast Asia have been witnessing significant construction spending due to urbanization and industrial growth.

The industry faces challenges in terms of raw material availability. The fatty acid production which is largely done through vegetable oils has been facing high demand from food & biofuels industries, therefore tightening its supply for production of dimer acid.

Another challenge market participants face is the low biodegradation rate of products made of these acids. Considering increasing importance for recyclability of materials, development of novel technologies to tackle the issue is crucial for development prospects.

To Know More About Dimer Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/dimer-acid-market 

Reactive polyamide resins segment was the dominant application accounted for over 40% of the overall volume in 2015. High demand for epoxy, marine and flooring coatings to drive the segment growth at a CAGR of 4.3% from 2016 to 2024.

Top Players of Dimer Acid Market:

Some of the key players operating in global dimer acid market include BASF, Arizona Chemicals, Emery Oleochemicals, Aturex Group, Croda International, Anqing Hongyu Chemicals Co. Ltd., Florachem Corp., Nissan Chemical America Corp., Novepha Co. Ltd., Harima Chemicals and Oleon N.V.

Market Segmentation of Dimer Acid Market:

The Global Dimer Acid Market segmented on the basis of Application and Region.

By Application:

Nonreactive Polyamide Resins
Polyamide Resins
Oilfield Chemicals

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East and Africa

Inquire about Dimer Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1152/ibb 
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