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Dimer Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region

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    Report

  • 190 Pages
  • March 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5952639
In a world where sustainability is paramount, the automotive and construction industries are witnessing a transformative shift towards greener alternatives. As regulatory pressures mount and consumer demands evolve, companies are turning to innovative solutions to meet the growing needs of the market. Among these solutions, dimer acid-based products are emerging as a powerful force, offering enhanced performance while reducing environmental impact.

Driving Innovation: The Rise of Dimer Acid-Based Products

The unyielding pursuit of novel chemical compositions for automotive adhesives, sealants, paints, and coatings has spurred a wave of innovation in the manufacturing and construction sectors. With a focus on improving bonding performance and functionality, companies are increasingly turning to dimer acid as a key ingredient in their product formulations.

Meeting Market Demand: The Case for Low-VOC Paints & Coatings

In recent years, stringent regulations governing the use of high-VOC additives in paint and coating products have prompted a notable increase in the embrace of bio-based alternatives like dimer acid. As companies prioritize product reformulation to position their offerings as low-VOC, the utilization of dimer-based additives has experienced significant growth.

Looking ahead, the trajectory suggests substantial expansion for dimer acid-based reactive polyamides, particularly in their role as epoxy curing agents within two-component epoxy systems. This growth is anticipated across various applications including marine maintenance and industrial coatings, flooring grouts, trowel coatings, and epoxy-based adhesives.

Future Outlook: Expanding Applications and Market Growth

The future holds promising prospects for dimer acid-based products, particularly in the realm of reactive polyamides used as epoxy curing agents. With applications ranging from marine maintenance to industrial coatings, dimer acid is poised for significant growth in the coming years.

Accelerating Market Momentum: The Advantages of Hot-Melt Adhesives

Increasing awareness among manufacturers about the numerous benefits of hot melt adhesives compared to traditional water- and solvent-based adhesives, including reduced VOC emissions and cost-effectiveness, is accelerating market growth. Moreover, favorable government regulations and environmental concerns are steadily driving the adoption of dimer acid.

A notable shift in focus among various end-use industries, such as construction, towards harnessing high-quality end-products with properties like enhanced resistance to oxidation and greater heat stability, remains a significant factor in the attractiveness of the dimer acid market.

Enhancing Printing Inks with Sustained Polyamide Resins Adoption

The growing preference for dimer acids in printing inks, offering heightened gloss and improved substrate adherence, is bolstering the market's appeal. The pivotal role of dimer acid-based polyamide resins in elevating the printing inks' quality through enhanced freeze-thaw characteristics further propels sales.

Building a Sustainable Future: Leveraging Green Chemistry

As the chemical industry strives towards a greener future, natural oleochemicals like dimer acid are gaining traction for their wide-ranging applications. Companies are investing in research and development to optimize manufacturing processes and reduce environmental impact, driving the adoption of sustainable alternatives.

Strategic Imperatives: Strengthening Supply Chains and Market Position

To navigate the challenges posed by volatile raw material prices, leading companies are focusing on strengthening backward integration and forming strategic partnerships. By securing the supply chain and expanding product portfolios, companies like Kraton Corporation are well-positioned to capitalize on the growing demand for dimer acid-based products.

Driving Market Growth in North America: Oil and Gas Production

The increase in oil and gas production in North America is anticipated to fuel market growth. Stable spending in construction activities across the region is expected, leading to heightened demand for adhesives and coatings, thereby driving the growth of the dimer acid market. Furthermore, the significant rise in oil and gas production, particularly in the U.S., is projected to substantially increase the demand for dimer acid-based oil field chemicals in the latter half of the forecast period.

Rising Demand in Asia Pacific: Coatings and Hot-melt Adhesives

The Asia Pacific region is poised to witness strong growth in the dimer acid market, fueled by increasing development activities, infrastructure projects, and growth in various industries such as transportation, automotive, energy, and electronics, notably in countries like China and India. China, in particular, stands out as a major user of hot-melt adhesive products due to rising demand from the manufacturing sector. The hot-melt adhesives market in APAC is expected to experience significant growth, offering ample opportunities for players in the dimer acid industry. APAC currently represents a significant portion of global hot-melt adhesive consumption and is projected to further increase its share by 2029, accounting for approximately 35% of the market.

Competitive Analysis

  • Kraton Corporation
  • Croda International Plc.
  • Oleon NV
  • Emery Oleochemicals
  • Florachem Corporation.
  • Jarchem Industries Inc.
  • Aturex Group
  • Shandong Huijin Chemical Co. Ltd
  • Liancheng Baixin science and technology Co. Ltd.
  • Jiangsu Jinma Oil Technology Development Co., Ltd.
  • Jiangsu Yonglin Oleochemical Co., Ltd.
  • Jiangxi Longwell Industrial Co., Ltd.
  • Jinan Tongfa resin Co., Ltd

Market Segmentation

By Product Type

  • Standard
  • Distilled
  • Distilled & Hydrogenated

By Application

  • Reactive Polyamides
  • Non Reactive Polyamides
  • Oil Field Chemicals
  • Others

Key Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa


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Table of Contents

1. Executive Summary
1.1. Global Dimer Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2018-2023
3.1. Global Dimer Acid, Production Output, by Region, 2018 - 2023
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
4. Global Dimer Acid Market Outlook, 2018 - 2031
4.1. Global Dimer Acid Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Standard
4.1.1.2. Distilled
4.1.1.3. Distilled & Hydrogenated
4.2. Global Dimer Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Reactive Polyamides
4.2.1.2. Non-Reactive Polyamides
4.2.1.3. Oil Field Chemicals
4.2.1.4. Others
4.3. Global Dimer Acid Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. North America
4.3.1.2. Europe
4.3.1.3. Asia Pacific
4.3.1.4. Latin America
4.3.1.5. Middle East & Africa
5. North America Dimer Acid Market Outlook, 2018 - 2031
5.1. North America Dimer Acid Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Standard
5.1.1.2. Distilled
5.1.1.3. Distilled & Hydrogenated
5.2. North America Dimer Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Reactive Polyamides
5.2.1.2. Non-Reactive Polyamides
5.2.1.3. Oil Field Chemicals
5.2.1.4. Others
5.3. North America Dimer Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. U.S. Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.3.1.2. U.S. Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.3.1.3. Canada Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.3.1.4. Canada Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Europe Dimer Acid Market Outlook, 2018 - 2031
6.1. Europe Dimer Acid Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Standard
6.1.1.2. Distilled
6.1.1.3. Distilled & Hydrogenated
6.2. Europe Dimer Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Reactive Polyamides
6.2.1.2. Non-Reactive Polyamides
6.2.1.3. Oil Field Chemicals
6.2.1.4. Others
6.3. Europe Dimer Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Germany Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.2. Germany Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.3. U.K. Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.4. U.K. Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.5. France Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.6. France Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.7. Italy Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.8. Italy Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.9. Turkey Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.10. Turkey Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.11. Russia Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.12. Russia Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.13. Rest of Europe Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.1.14. Rest of Europe Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Asia Pacific Dimer Acid Market Outlook, 2018 - 2031
7.1. Asia Pacific Dimer Acid Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Standard
7.1.1.2. Distilled
7.1.1.3. Distilled & Hydrogenated
7.2. Asia Pacific Dimer Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Reactive Polyamides
7.2.1.2. Non-Reactive Polyamides
7.2.1.3. Oil Field Chemicals
7.2.1.4. Others
7.3. Asia Pacific Dimer Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. China Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.2. China Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.3. Japan Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.4. Japan Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.5. South Korea Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.6. South Korea Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.7. India Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.8. India Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.9. Southeast Asia Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.10. Southeast Asia Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.11. Rest of Asia Pacific Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.1.12. Rest of Asia Pacific Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Latin America Dimer Acid Market Outlook, 2018 - 2031
8.1. Latin America Dimer Acid Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Standard
8.1.1.2. Distilled
8.1.1.3. Distilled & Hydrogenated
8.2. Latin America Dimer Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.2.1.1. Reactive Polyamides
8.2.1.2. Non-Reactive Polyamides
8.2.1.3. Oil Field Chemicals
8.2.1.4. Others
8.3. Latin America Dimer Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Brazil Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.2. Brazil Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.3. Mexico Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.4. Mexico Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.5. Argentina Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.6. Argentina Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.7. Rest of Latin America Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.1.8. Rest of Latin America Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Middle East & Africa Dimer Acid Market Outlook, 2018 - 2031
9.1. Middle East & Africa Dimer Acid Market Outlook, by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.1.1. Key Highlights
9.1.1.1. Standard
9.1.1.2. Distilled
9.1.1.3. Distilled & Hydrogenated
9.2. Middle East & Africa Dimer Acid Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.2.1. Key Highlights
9.2.1.1. Reactive Polyamides
9.2.1.2. Non-Reactive Polyamides
9.2.1.3. Oil Field Chemicals
9.2.1.4. Others
9.3. Middle East & Africa Dimer Acid Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1. Key Highlights
9.3.1.1. GCC Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.2. GCC Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.3. South Africa Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.4. South Africa Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.5. Egypt Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.6. Egypt Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.7. Nigeria Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.8. Nigeria Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.9. Rest of Middle East & Africa Dimer Acid Market by Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.1.10. Rest of Middle East & Africa Dimer Acid Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape
10.1. Application vs Application Heatmap
10.2. Manufacturer vs Application Heatmap
10.3. Company Market Share Analysis, 2023
10.4. Competitive Dashboard
10.5. Company Profiles
10.5.1. Kraton Corporation
10.5.1.1. Company Overview
10.5.1.2. Product Portfolio
10.5.1.3. Financial Overview
10.5.1.4. Business Strategies and Development
10.5.2. Croda International Plc.
10.5.3. Oleon NV
10.5.4. Emery Oleochemicals
10.5.5. Florachem Corporation.
10.5.6. Jarchem Industries Inc.
10.5.7. Aturex Group
10.5.8. Shandong Huijin Chemical Co. Ltd
10.5.9. Liancheng Baixin science and technology Co. Ltd.
10.5.10. Jiangsu Jinma Oil Technology Development Co., Ltd.
10.5.11. Jiangsu Yonglin Oleochemical Co., Ltd.
10.5.12. Jiangxi Longwell Industrial Co., Ltd.
10.5.13. Jinan Tongfa resin Co., Ltd
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Kraton Corporation
  • Croda International Plc.
  • Oleon NV
  • Emery Oleochemicals
  • Florachem Corporation.
  • Jarchem Industries Inc.
  • Aturex Group
  • Shandong Huijin Chemical Co. Ltd
  • Liancheng Baixin science and technology Co. Ltd.
  • Jiangsu Jinma Oil Technology Development Co., Ltd.
  • Jiangsu Yonglin Oleochemical Co., Ltd.
  • Jiangxi Longwell Industrial Co., Ltd.
  • Jinan Tongfa resin Co., Ltd

Methodology

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