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Dimer Acids - Global Strategic Business Report

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    Report

  • 338 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5139538

Global Dimer Acids Market to Reach $1 Billion by 2030

The global market for Dimer Acids estimated at US$688.6 Million in the year 2022, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Standard, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$481 Million by the end of the analysis period. Growth in the Distilled segment is estimated at 5.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $159.4 Million, While China is Forecast to Grow at 6.6% CAGR

The Dimer Acids market in the U.S. is estimated at US$159.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$252.8 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 41 Featured)

  • Fujian Zhongde Energy Co. Ltd
  • BASF SE
  • MilliporeSigma
  • Croda International PLC
  • Emery Oleochemicals Group
  • Nissan Chemical Corporation
  • Oleon NV
  • Harima Chemicals Group, Inc.
  • Ingevity Corporation
  • A.B. Enterprises
  • KLK Oleo
  • Anhui Elite Industrial Co., Ltd.
  • Kraton Corporation
  • BOC Sciences
  • Ataman Kimya AS

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Dimer Acids Market

What is the estimated value of the Dimer Acids Market?

The Dimer Acids Market was estimated to be valued at $688.6 Million in 2022.

What is the growth rate of the Dimer Acids Market?

The growth rate of the Dimer Acids Market is 4.8%, with an estimated value of $1000 Million by 2030.

What is the forecasted size of the Dimer Acids Market?

The Dimer Acids Market is estimated to be worth $1000 Million by 2030.

Who are the key companies in the Dimer Acids Market?

Key companies in the Dimer Acids Market include Fujian Zhongde Energy Co. Ltd, BASF SE, MilliporeSigma, Croda International PLC, Emery Oleochemicals Group, Nissan Chemical Corporation, Oleon NV, Harima Chemicals Group, Inc., Ingevity Corporation and A.B. Enterprises.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
  • COVID-19-Led Economic Downturn Weighs on Construction Sector, Affecting Dimer Acid Market
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • COVID-19 Impact on Dimer Acid Market
  • Competitive Landscape
  • Dimer Acids - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Global Market Analysis and Prospects
  • Global Dimer Acid Market Continues Leaping from Strength to Strength
  • Hydrogenated & Distilled Dimer Acid & Oilseed Chemicals: Principal Segments of Dimer Acid Market
  • Non-reactive Polyamide Resins Dominate, While Reactive Polyamide Resins to Witness Fastest Growth
  • Regional Market Analysis
  • Market Restraints
  • Recent Market Activity
  • WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Polyamide Resins: Holding Value Proposition for Diverse Applications & Dimer Acid
  • Polyamides Build on Dimer Fatty Acid
  • Other Notable Applications
  • Industrial Polyamide-Based Cable Protection Systems
  • Nylon: Key Applications
  • Trends in the Construction Industry Influence Market Uptake of Dimer Acid
  • Increased Activities of Remodeling and Renovation to Propel the Growth
  • Global Remodeling Market (in US$ Trillion) for the Years 2017, 2019, 2021, 2023 and 2025
  • Growing Adoption of Dimer Acid in Paints and Coatings Drives Market Growth
  • Strong Demand for Alkyd Resins Supported by a Robust Paints and Coatings Industry to Spur Demand for Dimer Acid. Global Market for Alkyd Resins (In US$ Billion) for Years 2022, 2024, 2026 and 2028
  • Global Paints and Coatings Industry in US$ Billion: 2018-2027
  • Shift towards Low-VOC Options for Paints & Coatings
  • Surging Usage of Hot Melt Adhesives Spur the Demand for Dimer Acid
  • Global Adhesives Market (2022E): Percentage Value Breakdown by Technology
  • Diverse End-Use Markets - A Major Plus for Hot Melt Adhesives
  • Packaging: The Largest Market for Hot Melt Adhesives
  • Key Packaging Applications & Benefits of HMAs
  • Hot Melt Adhesives from Biodegradable Resources
  • Strong Demand for Fuel Additives to Boost Consumption of Dimer Acid
  • Robust Fuel Additives Market to Boost Demand for Dimer Acid, a Key Commodity in the Upstream Value Chain: Global Market for Fuel Additives (In U$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
  • Fuel Additive Market: Primary Drivers
  • Guidelines to Curb Emissions Ignite Demand
  • Expansion of Automotive Industry & Rising Gasoline Demand
  • Rising Consumption of Aviation Fuels
  • Emergence of Green Fuel Additives
  • Emergence of Green Corrosion Inhibitors as Raving Trend to Augur Well for Dimer Acid
  • Toxicity Concerns Augment Demand for Green Inhibitors
  • Dimer Acid: Gaining Attention for Anti-Corrosion Properties
  • Rising Opportunities in the Automotive Sector Drive Market Demand
  • World Automobile Production in Million Units: 2008-2022
  • Growing Opportunities in the Cosmetics Industry
  • World Cosmetics Market (2022): Percentage Breakdown of Revenues for Skincare Products, Haircare Products, Makeup Products, Fragrance Products, and Other Cosmetics
  • Promising Growth of Oilfield Chemicals to Boost Dimer Acid Consumption
  • Global Demand for Oilfield Chemicals (In US$ Billion) for Years 2022, 2024, 2026, 2028, and 2030
  • Process & Technology Advancements Augur Well for Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Dimer Acids Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Dimer Acids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Dimer Acids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Dimer Acids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Standard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Standard by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Standard by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Distilled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Distilled by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Distilled by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Distilled & Hydrogenated by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Distilled & Hydrogenated by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Distilled & Hydrogenated by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Non-reactive polyamides by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Non-reactive polyamides by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Non-reactive polyamides by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Reactive Polyamides by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Reactive Polyamides by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Reactive Polyamides by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Oil Field Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Oil Field Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Oil Field Chemicals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Dimer Acids Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Fujian Zhongde Energy Co. Ltd
  • BASF SE
  • MilliporeSigma
  • Croda International PLC
  • Emery Oleochemicals Group
  • Nissan Chemical Corporation
  • Oleon NV
  • Harima Chemicals Group, Inc.
  • Ingevity Corporation
  • A.B. Enterprises
  • KLK Oleo
  • Anhui Elite Industrial Co., Ltd.
  • Kraton Corporation
  • BOC Sciences
  • Ataman Kimya AS