Dimer Acid Market Size (2024 - 2029)

The dimer acid market is projected to experience growth over the forecast period, recovering from disruptions caused by the COVID-19 pandemic. The market's expansion is driven by increasing applications in polyamide resins and the rising use of adhesives and fuel oil additives. However, challenges such as fluctuating raw material prices and uncertainties in the production of key oils may impede market growth.

Market Size of Dimer Acid Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Dimer Acid Market-Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR < 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Dimer Acid Market Key Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Dimer Acid Market Analysis

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

The market was hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021 is expected to benefit the market during the forecast period.

  • Increasing applications for polyamide resins and growing usage of adhesives and fuel oil additives are driving 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.

Dimer Acid Industry Segmentation

Dimer acids (dimerized fatty acids) are dicarboxylic acids produced by dimerizing unsaturated fatty acids. Dimer acids are light yellow transparent viscous liquids having non-toxic nature. Dimer acids can be used to synthesize polyamide resins and hot melt adhesives. They are also used in alkyd resins, adhesives, surfactants, fuel oil additives, and lubricants. The dimer acid market is segmented by application and geography. By application, the market is segmented into alkyd resins, adhesives and elastomers, lubricants, polyamide resin, fuel oil additives, and other applications. The report also covers the market size and forecasts for the dimer acid market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo metric tons).

Application
Alkyd Resins
Adhesives and Elastomers
Lubricants
Polyamide Resin
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
Need A Different Region Or Segment?
Customize Now

Dimer Acid Market Size Summary

The dimer acid market is poised for significant growth, driven by its increasing applications in polyamide resins, adhesives, and fuel oil additives. This growth trajectory is supported by the recovery of the construction industry post-COVID-19 disruptions, which had previously impacted the market due to supply chain challenges. Dimer acid, a dicarboxylic acid, is integral in manufacturing alkyd resins used in synthetic paints and coatings, particularly in the construction sector. Its properties, such as high molecular weight and flexibility, make it suitable for use in surface coatings, lubricants, and fuel additives. The demand for polyamide hot-melt adhesives, which utilize dimer acid, is also on the rise due to their superior adhesion properties and resistance to environmental factors, making them preferable in various applications across industries like automotive and textiles.

The market landscape is characterized by a partial consolidation, with major players like BASF, Croda International, Oleon NV, Harima Chemicals, and Emery Oleochemicals holding significant market shares. These companies are actively expanding their operations and capabilities, as evidenced by recent strategic acquisitions and investments. The Asia-Pacific region, particularly China and India, is witnessing a surge in demand for dimer acid, driven by the construction sector's growth and the increasing need for adhesives in packaging and other industries. Despite challenges such as fluctuating raw material prices, the market is expected to benefit from the steady growth of end-user industries and the expanding applications of dimer acid in various sectors.

Explore More

Dimer Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Applications for Polyamide Resins

      2. 1.1.2 Growing Usage of Adhesives and Fuel Additives

    2. 1.2 Restraints

      1. 1.2.1 Fluctuating Raw Material Prices

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Alkyd Resins

      2. 2.1.2 Adhesives and Elastomers

      3. 2.1.3 Lubricants

      4. 2.1.4 Polyamide Resin

      5. 2.1.5 Fuel Oil Additives

      6. 2.1.6 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Dimer Acid Market Size FAQs

The Dimer Acid Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

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

Dimer Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)