Global dimer acid market is expected to register a steady CAGR of 6.2% over the forecast period from 2015 to 2021, to reach a market value of US$ 705.8 million by 2021.
Albany, NY -- (SBWIRE) -- 11/06/2015 -- Dimer acid, often referred to as dimerized fatty acids, are a class of dicarboxylic acids that are synthesized by clay catalysed oilgomerization of unsaturated fatty acids (C18). Unsaturated fatty acids that form the raw material for dimer acids are obtained from natural sources including tall oil fatty acids, rapeseed oil, cottonseed oil, and soybean oil, among the others. Dimer acid based products find application across a diverse set of industries including paints & coatings, adhesives and oilfield chemicals among the others. Depending on the purity of the final product and the processes to which it is subjected to, these dimer acids may be standard, distilled and distilled & hydrogenated dimer acids. The primary application areas of dimer acids include reactive polyamides, non-reactive polyamides, oilfield chemicals, and other miscellaneous applications such as lubrication, metal working fluids, etc.
The key drivers identified in the dimer acid industry include its wide-ranging applications in end-use industries, such as adhesives, paints & coatings, and oilfield chemicals. These industries are expected to witness sustained growth in the future, owing to which the demand for dimer acid is expected to increase. Another factor that is expected to drive the dimer acid industry is the strong economic growth in emerging regions, especially Asia Pacific. Although PMR maintains a positive outlook on the dimer acid industry, fluctuations in the price of vegetable oil can impede the growth of the market during the forecast period.
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Asia Pacific is emerging as the most attractive region for dimer acids market during the forecast period, as raw material for production of dimer acids is easily available, along with the growing demand for dimer acids in the region itself, and due to the region's overall economic development.
To understand and assess the opportunities in this market, the report is categorically divided into three main market analysis sections, i.e., by product type, by application, and by region. The report analyses the global dimer acid market in terms of market value (US$ Mn) and volume (Mt Tons).
The report begins with an overview of the global dimer acid market, appraising the dimer acid market performance in terms of revenue and volume, followed by PMR's analysis of key trends, drivers and restraints witnessed in the global dimer acid market. Impact analysis of key growth drivers and restraints based on the weighted average model is included in the report to equip the client with crystal clear decision-making insights.
The subsequent section analyzes the dimer acids market as per product type and presents a forecast for the period of 2015â"€2021.
Product types assessed in the report include
Distilled & Hydrogenated
The next section of the report analyses the global dimer acid market on the basis of applications.
Applications assessed in the report include
The report further analyzes the market based on regions and presents the forecast in terms of value for the next six years.
Regions assessed in the report include
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Some of the market players featured in this section include
- Arizona Chemicals Company, LLC
- Oleon NV
- Croda International Plc.
- BASF SE
- Shandong Huijin Chemical Co. Ltd
- Jiangsu Yonglin Oleochemical Co., Ltd.
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