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 ...