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Dimeric fatty acid Market Displays Higher Growth Inclinations during 2018-2027|| Key Companies Croda International Plc., Kraton Corporation, Oleon NV, Shandong Huijin Chemical Co. Ltd.
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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.
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.
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.
The Fact.MR report covers all the recent developments in the dimeric fatty acid market. The report features a list of market leaders and new entrants in the dimeric fatty acid market, including Croda International Plc., Kraton Corporation, Oleon NV, Shandong Huijin Chemical Co. Ltd., Liancheng Baixin Science and Technology Co. Ltd., Jiangsu Jinma Oil Technology Development Co., Ltd., Jiangsu Yonglin Oleochemical Co. Ltd., Anqing Hongyu Chemical Co., Ltd., Aturex Group, Florachem Corp., Emery Oleochemicals GmbH, and Jarchem Industries Inc.
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