Global Dimer Acid Market Size to cross $2.2bn by 2023
Published Date: September 17, 2019 Authors: Kunal Ahuja, Kritika Mamtani
Dimer Acid Market size is set to reach USD 2.25 billion by 2023; according to a new research report by Global Market Insights, Inc.
Increasing prevalence of drilling activities, growing automotive industry, rising demand for crude oil derivatives in aviation and shipping industries is likely to stimulate dimer acid market share. Increasing inclination for LPG vehicles owing to rising fuel costs and changing perceptions towards environmental susceptibilities and pollution may spur market growth. Also, increasing concerns towards toxic automobile emissions and its contribution to global warming may increase market demand. Dimer acids are widely used to prevent corrosion during oil & gas extraction. Its thermally stable nature at high pressure and wide temperature bands makes it compatible with oil & gas extracting operations which may foster market share.
Increasing inclination for LPG vehicles owing to rising fuel costs and changing perceptions towards environmental susceptibilities and pollution may spur dimer acid market growth. Also, increasing concern towards toxic automobile emissions and its contribution to global warming may increase market demand. It is also used during LPG extraction to inhibit the accumulation of rust in pipes during downstream applications which may stimulate market share.
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Rise in construction & renovation activities owing to rising disposable income and changing outlook on modernizing properties with respect to latest technologies and aesthetics should drive market growth. Dimer acids are widely used in manufacturing coatings and varnishes owing to its strong resonance and compatibility with construction products such as plastics, metals, and wood. They are also utilized in manufacturing wood varnishes and mixed with aromatic compounds to reduce pungent odour of traditional varnishes. Changing consumer perceptions towards naturally synthetized products and rising awareness on potential benefits such as low odour and longevity characteristics should encourage product demand.
Dimer acid market demand from non-reactive polyamide resins may register gains at over 4% by 2023. They are widely used in manufacturing wood coatings and varnishes owing to strength and shine inducing properties. Increasing consumer inclination for fast drying coatings, low odour and toxicity characters may encourage product demand. Increasing demand for high quality wood décor and changing consumer perceptions towards naturally synthesized coating should foster market share.
Browse key industry insights spread across 70 pages with 48 market data tables and 18 figures & charts from the report, “Dimer Acid Market Size By Application (Nonreactive Polyamide Resins, Reactive Polyamide Resins, Oilfield Chemicals), Industry Analysis Report, Regional Outlook (U.S, Germany, UK, China, India), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023 ” in detail along with the table of contents:
North America market size from oilfield chemicals may witness significant gains at over 3.5% during the forecast period. Increasing inclination to purchase personal vehicles owing to easy availability of automotive loans and rising disposable income should encourage market growth. Rising dependence on petrol & diesel owing to rising aviation industry and changing consumer perceptions towards air travel may fuel product demand.
Europe dimer acid market demand from reactive polyamide resins is anticipated to surpass USD 200 million up to 2023. Rising demand for printing packaged inks owing to widespread penetration of ecommerce markets and changing consumer outlook on online shopping may trigger market growth. Rising disposable income, affordable shipping facilities, and rising e-commerce activities may boost market share as increase in global freight transfer will increase the dependence on packaging printing inks. Stringent regulations on European Union on labeling and product information standards will increase the dependence on high quality and long lasting printing inks should augment product growth.
Harima Chemicals, Liancheng Baixin Science & Technology, BASF., Croda International, Aturex Group, Novepha Company, Emery Oleochemicals, Arizona Chemicals, Anqing Hongyu Chemical Company, Florachem Corp., and Jiangsu Yonglin Oleochemicals are key industry participants. Companies are developing new methods in manufacturing to produce low cost products under stringent quality regulations.
The dimer acid market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2012 to 2023, for the following segments:
- Nonreactive Polyamide Resins
- Reactive Polyamide Resins,
- Oilfield Chemicals
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific