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Dimer Acid Market Analysis

Report ID: GMI509
Published Date: Jun 2016
Report Format: PDF

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Dimer Acid Market Analysis

Oilfield chemicals application valued at over USD 200 million in 2014. Rising demand for crude oil products to meet global demand from manufacturing and automobile industry may foster market share. It is widely used in inhibiting corrosion triggered by the formation of carbonic acid during oil & gas extraction. They are also utilized in extracting conventual transportation fuels such as (LPG), diesel, and gasoline which may augment dimer acid market revenue.

Reactive polyamide resin applications crossed USD 410 million in 2014. Increasing manufacturing sector, e-commerce, trade, and demand for international shipping of non-consumer goods has increased the demand for paperboard packaging & printing inks due to its durability, smudge proof, and sturdy nature. Polyamide resins are widely utilized in manufacturing commercial printing inks owing to its quick drying nature and compatibility with colour shades which may foster market share. They are also utilized in manufacturing curing agents for epoxy resins which are widely used in manufacturing industrial linings, marine coatings, thermosetting surface coatings, adhesives, and heavy-duty coatings which may promote market demand.

North America dimer acid market may register significant growth of over 4% up to 2023. Increase in online shopping trends owing to rising per capita income and increasing technological trends in electronic payment channels has led to an increase in demand of printing inks for packaging. Changing consumer perceptions towards biobased inks & rising demand for quick drying and long-lasting inks compatible with paper, metal, and glass surfaces is expected to spur market growth.

Europe dimer acid industry demand may surpass USD 690 million by 2023. Rising construction & renovation activities owing to rising population levels, availability of low interest housing loans, and supportive government initiatives to provide affordable and high-quality housing may augment market share. Changing perceptions towards naturally synthesized paints & coatings and rising awareness on potential side effects of lead-based coatings may encourage product demand.

Asia Pacific industry valued at over USD 465 million in 2014 and may exceed in the foreseeable timeframe. Growing production of premium cars and significant investments in research & development by manufacturers is likely to stimulate automotive market growth thereby market demand. They are compatible with polyurethanes & are widely used in manufacturing automobile bumpers and mouldings. Rising demand for light vehicles and stringent regulations against fuel efficiency may drive market share.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Dimer Acid Market size is expected to grow at a CAGR of 6.5% over the forecast period.

The Dimer Acid Market is likely to register a crcr of 6.5% over the forecast period.

Dimer acid is widely used in the construction sector to manufacture paints & coatings as it helps improve product durability against environmental conditions like acid rains & snow.

Rapid urbanization trends across countries like China, India, Thailand and Malaysia has facilitated the need for better residential and commercial spaces, supporting the dimer acid industry of APAC.

The demand for alternatives products like mineral turpentine and zinc oxide that are economically feasible may impact the adoption of dimer acid.

In the automotive sector, dimer acid is widely used for manufacturing light weight vehicle parts like bumpers and mouldings to help meet stringent regulations regarding fuel efficiency.