Dimer Acid Market to Reach USD 2.57 Billion by 2025 - Crystal Market research
The Global Dimer Acid Market was valued roughly USD 1.43 billion in 2016 and is likely to reach around USD 2.57 billion by the end of 2025 while compound annual growth rate (CAGR) of 6.70% during the forecast period.
The Global Dimer Acid Market was valued roughly USD 1.43 billion in 2016 and is likely to reach around USD 2.57 billion by the end of 2025 while compound annual growth rate (CAGR) of 6.70% during the forecast period.
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The global dimer acid market is anticipated <strong>to</strong> witness rapid growth due <strong>to</strong> increasing demand for<br />
polyamide resins in adhesives and coatings industries. The demand for dimer acid is likely <strong>to</strong><br />
boost owing <strong>to</strong> its widespread applications in industries, such as adhesives, paints, and oilfield<br />
chemicals amongst others. These industries would experience a constant growth in the outlook,<br />
there<strong>by</strong> fueling the growth of global dimer acid market.<br />
Regional Outlook:<br />
The escalating number of drilling across the world <strong>to</strong> fulfill extra energy demand is anticipated <strong>to</strong><br />
optimistically impact oilfield chemicals and dimer acid demand. Presently, non-reactive polymer<br />
dominates the application section in the dimer acid market. Though, reactive polymers are<br />
estimated <strong>to</strong> demonstrate the maximum CAGR owing <strong>to</strong> its rising popularity in marine coatings<br />
and construction, particularly in Asia-Pacific region. In spite of its affirmative position, the dimer<br />
acid market is prone <strong>to</strong> experience fluctuations in the cost of raw materials such as cot<strong>to</strong>nseed<br />
oil, soybean oil, and rapeseed oil that can hinder the growth of the global market during the<br />
forecast years.<br />
Top Major <strong>Market</strong> Players:<br />
The key market manufacturers in global dimer acid market includes; Harima Chemicals, Arizona<br />
Chemicals, Nissan Chemical America Corp., Aturex Group, BASF, Novepha Co. Ltd., Emery<br />
Oleochemicals, Oleon N.V., Anqing Hongyu Chemical Co. Ltd., and Florachem Corp.<br />
The Global <strong>Dimer</strong> <strong>Acid</strong> <strong>Market</strong> is segmented as follows-<br />
Applications: Oilfield chemicals, Non-reactive polyamides, Reactive polyamides and others.<br />
By products: Standard, Distilled and Distilled & hydrogenated.<br />
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