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The Global Dimer Acid Market was valued roughly USD 1.43 billion in 2016 and is likely to reach around USD 2.57 billion by the end of 2025 while compound annual growth rate (CAGR) of 6.70% during the forecast period.
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forecast period 2025
A research study titled, “Dimer Acid Market by Products, Application - Global Industry Analysis
and Forecast To 2025” published by Crystal Market Research, states that the Dimer Acid Market
is projected to be around $ 2.57 billion by 2025.
The Global Dimer Acid Market was valued roughly USD 1.43 billion in 2016 and is likely to
reach around USD 2.57 billion by the end of 2025 while compound annual growth rate (CAGR)
of 6.70% during the forecast period. Dimer acids are also known as dimerized fatty acids. They
are dicarboxylic acids made from dimerizing unsaturated fatty acids produced from tall oil,
frequently on clay catalysts. The Chemical Abstracts Service (CAS) registry number of the
material is [61788-89-4].
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Dimer acids are primarily employed for deriving polyamide resins. They are also used in
adhesives, surfactants, alkyd resins, as lubricants, fuel oil additives, etc. It is a yellow or light
yellow viscous transparent fluid. It is non-toxic in nature. Dimer acid generally contains
primarily a dimer of stearic acid. It is also known C36 dimer acid. Dimer acids can be
transformed to dimer amines by the help of chemical reaction of ammonia and following
diminution. Dimer acids are produced by dimerizing unsaturated fatty acids that are obtained
from canola oil, oleic acid, tall oil, cottonseed, tallow and rapeseed amongst others. Dimer acids
are extensively used to blend hot melt adhesives and polyamide resins.
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The global dimer acid market is anticipated to witness rapid growth due to increasing demand for
polyamide resins in adhesives and coatings industries. The demand for dimer acid is likely to
boost owing to its widespread applications in industries, such as adhesives, paints, and oilfield
chemicals amongst others. These industries would experience a constant growth in the outlook,
thereby fueling the growth of global dimer acid market.
The escalating number of drilling across the world to fulfill extra energy demand is anticipated to
optimistically impact oilfield chemicals and dimer acid demand. Presently, non-reactive polymer
dominates the application section in the dimer acid market. Though, reactive polymers are
estimated to demonstrate the maximum CAGR owing to its rising popularity in marine coatings
and construction, particularly in Asia-Pacific region. In spite of its affirmative position, the dimer
acid market is prone to experience fluctuations in the cost of raw materials such as cottonseed
oil, soybean oil, and rapeseed oil that can hinder the growth of the global market during the
Top Major Market Players:
The key market manufacturers in global dimer acid market includes; Harima Chemicals, Arizona
Chemicals, Nissan Chemical America Corp., Aturex Group, BASF, Novepha Co. Ltd., Emery
Oleochemicals, Oleon N.V., Anqing Hongyu Chemical Co. Ltd., and Florachem Corp.
The Global Dimer Acid Market is segmented as follows-
Applications: Oilfield chemicals, Non-reactive polyamides, Reactive polyamides and others.
By products: Standard, Distilled and Distilled & hydrogenated.
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