Press release
Dimeric Fatty Acid Market: Fluctuating Availability of Raw Materials Remains a Key Challenge || Key Players: Jiangsu Jinma Oil Technology Developemnt Co., Ltd. , Jiangsu Yonglin Oleochemical Co. Ltd., Anqing Hongyu Chemical Co., Ltd, Aturex Group
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According to the Fact.MR study, the Asia Pacific region excluding Japan (APEJ) is the largest and fastest-growing market for dimeric fatty acid, generating over one third of the global revenues. The study predicts that emerging economies, especially China, will create more lucrative opportunities for dimeric fatty acid market players, as the trends of urbanization and industrialization are on their greatest peak in developing countries in the region.
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.
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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Non-reactive Polyamides Hold the Largest Share in Global Consumption of Dimeric Fatty Acid
The Fact.MR projects a significant rise in consumption of dimeric fatty acid due to increasing adoption of non-reactive polyamide resins in a wide range of industrial sectors. The study finds that non-reactive polyamides accounted for over 42% revenue share in dimeric fatty acid market in 2018, and it will continue to gobble the largest share in global consumption of dimeric fatty acids in the upcoming years.
As dimeric fatty acids are a precursor for non-reactive polyamide resins, the adoption non-reactive polyamides across various industries is likely to boost consumption of dimeric fatty acids. Non-reactive polyamide resins are commonly used in printing inks, coatings, and adhesives, which are likely to remain the important end-user industries for dimeric fatty acid in the upcoming years.
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