Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Dimer Acid Market: Global Industry Analysis and Forecast 2014 - 2020".
New York, NY -- (SBWIRE) -- 08/27/2015 -- Dimer acids or dimerized fatty acids are light yellow, transparent, viscous dicarboxylic acids that find application in the synthesis of polyamide resins and hot melt adhesives. They are also used in synthetic lubricants, corrosion inhibitors, alkyd resins, adhesives, surfactants, and fuel oil additives. Dimer acids are produced by dimerizing unsaturated fatty acids obtained from oleic acid, tall oil, canola oil, or cottonseed oil on clay catalysts. Dimer acids are also non-toxic in nature.
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Increasing demand for polyamide resins in countries such as China, India, Brazil, and Mexico is the key driver for dimer acids. Booming construction industry in emerging economies has been propelling the end-user industries for dimer acid, which are in turn, driving the dimer acid market. Due to rise in oilfield drilling activities worldwide, the demand for oilfield chemicals is also escalating at a swift pace, thereby boosting the demand for dimer acids further.
The major application area of dimer acids includes nonreactive polyamide resins, reactive polyamide resins, oilfield chemicals, and others. Among application segments, non-reactive polyamide resins dominated the global dimer acid sales in 2013. Reactive polyamide resins are expected to witness the highest growth during the forecast period. Increasing demand from the construction and marine coatings industry is the key growth factor for reactive polyamide resins market. Booming infrastructural growth is another major driving factor for the reactive polyamide resins market. Besides, favorable regulatory environment for dimer acids has been supporting the growth of the overall dimer acids market. Global regulatory organizations such as REACH and USEPA have been supporting the application of dimer acids in the global market.
Among regions, Asia Pacific dominated the global dimer acid sales in 2013 followed by Europe. Increasing shale gas exploration and oil production in China is the key reason behind the growth of dimer acid market in the region. Easy availability of raw materials (such as palm oil) for manufacturing dimer acid in countries such as Malaysia and Indonesia, apart from low production costs, have been further encouraging the market players to make investments. A large number of small scale producers of dimer acid have been observed to recently emerge in Asia Pacific, which is intensifying the competition in the region further.
The dimer acid market in Europe is primarily driven on account of the large number of automotives creating demand for lubricants. Increasing oil and gas exploration activities in Russia are also driving the demand for dimer acid. Unstable raw material prices are the major restraints for the global dimer acid market.
The key players in the global dimer acid market include BASF SE, Arizona Chemicals, Croda International, Anqing Hongyu Chemical Co. Ltd., Aturex Group, Harima Chemicals Group, Jiangsu Yonglin Oleochemical Co. Ltd., Shangdong Huijin Chemical Co. Ltd., Novepha Co. Ltd., and Florachem Corporation.
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Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.-
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