Dimer Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Application (Alkyd Resins, Adhesives and Elastomers, Lubricants, Polyamide Resin, Fuel Oil Additives, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Dimer Acid Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <5 %

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Market Overview

The market for dimer acid is expected to register a CAGR of more than 5% during the forecast period.

  • Increasing applications for polyamide resins and growing usage of adhesives and fuel oil additives are driving the market growth.
  • Fluctuating raw material prices and uncertainty in the production of rapeseed oil, cottonseed oil, and soybean oil are expected to hinder market growth.

Scope of the Report

The scope of the dimer acid market report includes:

Application
Alkyd Resins
Adhesives and Elastomers
Polyamide Resin
Lubricants
Fuel Oil Additives
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand for Alkyd Resins and Adhesives

  • Dimer Acid is known as dimerized fatty acids, and it belongs to the group of the dicarboxylic acids. Dimer acid finds its application in surface coatings, lubricants, and fuel additives, among others.
  • Dimer acid is being used in the manufacturing of alkyd resins that are majorly used for synthetic paintings and coatings, which are employed in the construction industry due to their properties.
  • The properties of dimer acid include high molecular weight, difficulty in crystallization and distillation, highly flexible cyclic structure, soluble in hydrocarbons, and easily controlled reactivity.
  • Polyamide hot-melt adhesives largely use dimer acid in the manufacturing process. These hot-melt adhesives are used on metal, paper, wood, and many plastics, like PVC, surface-treated polypropylene, and polyethylene for excellent adhesion purposes, due to their characteristics.
  • Hot-melt adhesives have high thermal stability, high melting points, and good chemical resistance to many compounds. These properties are increasing the demand for these adhesives over other adhesives in the current scenario.
  • Increasing applications for the adhesives inpackaging industry, owing to the strong demand from end-user industries, such as food and beverages, are driving the market for dimer acid.
Dimer Acid Market Volume Share

Asia-Pacific to Dominate the Market

  • There have been gradual developments in the construction sector in Asia-Pacific, and the growing production and demand for adhesives in China, India, and the ASEAN countries from other sectors has been increasing the demand for dimer acid used in the production of coatings and hot-melt adhesives.
  • The construction industry uses paints, coatings, and other resins for interior and exterior applications. These applications use dimer acid in production as it provides better durability against environmental changes, such as high temperatures, acid rain, and snow.
  • According to the National Bureau of Statistics of China, the construction industry in China has been growing decently in recent years. Developing countries, like India and Singapore, have also been witnessing positive growth in Asia-Pacific, in terms of construction activities.
  • According to the World Bank, in 2020, the expenditure of the construction industry is expected to reach about USD 11.9 trillion, with an increase of about 4.2%.
  • Increasing applications for coatings from various industries and growing demand for polyamide resins for different applications are expected to drive the market for dimer acid through the years to come.
Dimer Acid Market Regional Trends

Competitive Landscape

The dimer acid market is partially consolidated in nature, with few major players dominating a significant portion of the market. Some of the major companies are BASF, Croda International, Oleon NV, Harima Chemicals, and Emery Oleochemicals.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Applications for Polyamide Resins

      2. 4.1.2 Growing Usage of Adhesives and Fuel Additives

    2. 4.2 Restraints

      1. 4.2.1 Fluctuating Raw Material Prices

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Alkyd Resins

      2. 5.1.2 Adhesives and Elastomers

      3. 5.1.3 Polyamide Resin

      4. 5.1.4 Lubricants

      5. 5.1.5 Fuel Oil Additives

      6. 5.1.6 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF

      2. 6.4.2 Arizona Chemical

      3. 6.4.3 Aturex Group

      4. 6.4.4 Croda International

      5. 6.4.5 Emery Oleochemicals

      6. 6.4.6 Florachem Corp.

      7. 6.4.7 Harima Chemicals

      8. 6.4.8 Jinan Tongfa Resin Co. Ltd

      9. 6.4.9 Nissan Chemical America Corp.

      10. 6.4.10 Oleon NV

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Dimer Acid Market market is studied from 2016 - 2026.

The Dimer Acid Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF , Croda International , Oleon N.V , Harima Chemicals, Emery Oleochemicals are the major companies operating in Dimer Acid Market.

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