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Dimeric fatty acid Market, Dimeric fatty acid Market Growth, Dimeric fatty acid Market Trend, Dimeric fatty acid Market CAGR
Dimeric fatty acid
About the Report
The Fact.MR study on dimeric fatty acid market includes minute details on the macro and microeconomic factors influencing the market growth. The report provides key insights on future prospects of the dimeric fatty acid market. Market drivers, restraints, trends, and growth opportunities for leading players, including manufacturers, distributors, suppliers, and other stakeholders in the dimeric fatty acid market are featured in the report.
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The report also offers overview of the chemical industry, and analyzes the market value and volume to forecast growth parameters of the dimeric fatty acid market for the period 2018-2027. The report also highlights important regulations impacting the growth of the dimeric fatty acid market globally.
Based on the product types of dimeric fatty acid, the dimeric fatty acid market is segmented into standard, distilled, and distilled and hydrogenated dimeric fatty acid. According to its applications, the dimeric fatty acid market is segmented into non-reactive polyamides, reactive polyamides, and oil field chemicals.
Based on the geographical existence of dimeric fatty acid market, the market is segmented into North America, Latin America, Europe, Japan, Asia Pacific region excluding Japan (APEJ), and Middle East & Africa (MEA).
Market Structure
The dimeric fatty acid market is divided into three broad segments – product types, applications, and regions. Bifurcating information about dimeric fatty acids market into these segments can enable readers to understand macro and microeconomic factors influencing demand for various types of dimeric fatty acids used in various types of applications across main geographical regions.
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Dimeric Fatty Acid Market to Remain Fragmented among Tier 2 and 3 Market Players
According to the Fact.MR study, Croda International Plc., Oleon NV, and Kraton Corporation are among the leading players in the dimeric fatty acid market. The study finds that Tier 1 players account for around 27% share in the dimeric fatty acid market and the market remains highly fragmented among local players. Inorganic growth is likely to remain the key strategy for Tier 1 manufacturers of dimeric fatty acid, as they are shifting their focus on acquiring local, small-scale manufacturers in the dimeric fatty acid market.
Meanwhile, Tier 2 and 3 players are competing on price in regional markets for dimeric fatty acid. As the dimeric fatty acid market is highly fragmented among small or medium-level market players, they are aiming to expand their businesses in the international markets to envisage incremental growth in the upcoming years.
Fluctuating Availability of Raw Materials Remains a Key Challenge
Over 80-85% of dimeric fatty acid is manufactured using tall oil fatty acids (TOFA), which is obtained as a by-product of the Kraft wood pulping process. However, the production of TOFA has declined steadily over the past few years owing to the palpable shift of manufacturers towards pulping younger pine trees with lower chemical content.
Fluctuating supply of TOFA due to the recent transformations in wood pulping procedures is likely to make a significant impact on growth and salient dynamics of the dimeric fatty acid market in the upcoming years. Uncertainties about the availability of raw materials also suggest a potential rise in prices of dimeric fatty acids in the coming future.
In addition, a majority of customers in the end-user industries, such as adhesives, coatings, and printing inks industry, are moving away from dimeric fatty acid-based polyamides due to inadequate supply and increased prices. Thereby, this can make a negative impact on growth of the dimeric fatty acid market.
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China Continues to be the Frontrunner in Dimeric Fatty Acid Production and Consumption
Some of the largest producers of dimeric fatty acid, including Jiangsu Yonglin Oleochemical Co., Ltd., Lifan Industry (Group) Co., Ltd, and Shandong Huijin Chemical Co. Ltd, are headquartered in China. Increasing production of adhesives, coatings, and sealants in the country is triggering dimeric fatty acid market players in China to increase the production. Furthermore, steady growth of the construction industry is boosting adoption of industrial adhesives, which is providing a fillip to the consumption of dimeric fatty acid in the country.
Steadily increasing production and consumption of dimeric fatty acid in China has made it one of the leading markets for dimeric fatty acid. Chinese producers in dimeric fatty acid market are aiming to capitalize on the export markets for dimeric fatty acid to gain an edge in the upcoming years.
Increasing Demand for Polymer-based Adhesives Drive Dimeric Fatty Acid Market
Polymer-based hot adhesives have been gaining burgeoning demand across various industrial sectors, outperforming solvent-based adhesives. Their solvent-free properties makes them environment-friendly and improves their shelf life. Dimeric fatty acid is among the primary ingredients in polymer-based hot adhesives, and an increasing number of industrial applications of polymer-based hot adhesives is complementing growth of the dimeric fatty acid market.
With most customers in various industrial verticals becoming aware about the unique benefits of polymer-based hot adhesives over solvent-based adhesives, their demand is expected to surge in the upcoming years, in turn, boosting sales of dimeric fatty acid.
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Additional Questions Answered
The Fact.MR report on dimeric fatty acid market offers detailed information on various growth prospects of dimeric fatty acid market. The report also provides unique, important, and actionable insights for market players to gain momentum in the dimeric fatty acid market. Apart from providing the key insights and information about important market dynamics, the Fact.MR report answers more specific and critical, market-related questions for stakeholders in order to help them to make more accurate decisions in coming future.
Some of the questions answered in the Fact.MR study are
How did the dimeric fatty acid market grow during the period 2013-2017? Which region was leading in the dimeric fatty acid market during this period?
What are the salient business strategies of market leaders in the dimeric fatty acid market in Europe and North America?
Why is dimeric fatty acid used most commonly in non-reactive polyamides?
What are the risks associated with investing in emerging markets for dimeric fatty acid? What are the restraints that market players should be aware of?
Which opportunities market players must capitalize on when expanding their businesses in dimeric fatty acid markets in developing countries?
Research Methodology
The research methodology followed by analysts at Fact.MR is a proven approach that provides a base for compelling intelligence on dimeric fatty acid market. The Fact.MR report on dimeric fatty acid market is a result of extensive secondary research and the comprehensive primary research process for dimeric fatty acid market.
The insights on dimeric fatty acid market obtained from the primary research for dimeric fatty acid market have been utilized for authentication and validation of data obtained from secondary research process. The unique and reliable quantitative information gathered through primary research is backed by the current market dynamics to provide readers with accurate future prospects of dimeric fatty acid market.
The unique research methodology followed at Fact.MR to analyze the growth parameters of the dimeric fatty acid market confirms the authenticity of the information to provide accurate information about the dimeric fatty acid market to readers.
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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