Press release
Dimer Acid Market 2018 Global Analysis By Key Players BASF, Arizona Chemicals, Croda and Oleon
Global Dimer Acid Market
Global Dimer Acid Market size is expected to reach USD 2.26 billion by 2023; according to a new research report by Global Market Insights, Inc.
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Polyamide resin consumption due to strong construction spending particularly in BRICS nations may drive product demand. Nonreactive polyamide resins dominated the application landscape by accounting over 40% of global dimer acid market share in 2015. Strong solvent demand from adhesives and printing inks will drive non-reactive polyamide resin applications.
Oilfield chemical applications may witness significant gains at 4.5% CAGR. Increasing production across OPEC countries, U.S. and Russia will stimulate dimer acid demand. Increasing application scope in new avenges such as surfactants, alkyd resins, adhesives and oil additives may complement product demand.
APAC, led by China dimer acid market size, was largest regional industry and accounted for over 38% of global volume in 2015. Increasing infrastructure spending in China, Indonesia and India may drive regional demand. China’s push for shale gas exploration and oil production will drive demand in the region.
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Increasing presence of small scale dimer acid producers in China coupled with capacity expansions by major overseas companies in the region should benefit industrial production. Raw material availability along with low manufacturing costs is one of the major factors aiding the production landscape in the region.
Regulatory support by EPA & REACH owing to its non-toxic nature will favor industry growth. Raw material supply bottleneck issues for rapeseed oil, tall oil, soy oil and sunflower oil may affect the production and affect dimer acid market price trend.
Key insights from the report include:
• Global dimer acid market size may reach 645.1 kilo tons by 2023 with industry gains predicted at 4.4%. Growing oilfield chemical demand due to increasing drilling activities is likely to positively influence market growth.
• Reactive polyamide resin may witness highest gains at 4.6% CAGR. Rapidly increasing surface coatings and adhesive demand from construction & marine industry may propel dimer acid market size for reactive polyamide resins.
• Europe may surpass USD 690 million by 2023. ECB has initiated a strategy for funding private sector afloat in the economy which may stabilize growth rates in major industries which include energy, construction, transportation, foundry and plastics.
• Reactive polyamide resins demand in APAC may observe significant gains at 5.6% CAGR and surpass 90 kilo tons by 2023.
• Global dimer acid market share is moderately consolidated with major industry players contributing over 35% of global industry demand. Major companies include Croda, Arizona Chemicals, BASF and Oleon.
• Major companies are actively involved in M&A and joint venture agreements with small scale producers in order to strengthen their market presence. Emergence of large number of dimer acid producers in China may further increase competitiveness among market participants. Key companies are uplifting their production capacities in APAC in order to serve growing regional demand.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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