Dimer acid market size, share, Growth-Forecasts to 2023, Key players are BASF, Arizona Chemicals, Aturex, Florachem, Emery Oleochemicals

On this note, Global Market Insights, Inc., predicts that the dimer acid market is expected to surpass $2.26 billion by the year 2023. Meanwhile, reactive polyamide resin are anticipated to record 4.6% CAGR over the forecast period. Surging demand for reactive polyamide resins from construction, marine and surface coating industry would spur dimer acid market growth.

The dimer acid market is becoming increasingly competitive with the emergence of small-scale producers in countries like China. In 2015, APAC dimer acid market, led by China, was the biggest regional industry that recorded more than 38% of the industry share. The region is witnessing strong growth in infrastructure activities across India, China, and Indonesia.

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Moreover, China’s push towards oil and gas production and exploration activities would enhance market outlook over the forecast period. Introduction of foreign dimer acrid companies in China could strengthen their production capacities as well as serve new trends in the regional market.
Abundant raw material and low manufacturing have also catapulted the production landscape of APAC dimer acid market. Based on these findings, it is likely that reactive polyamide resins demand in the Asia Pacific may exceed 90-kilo tons and record 5.6% CAGR by 2023, in turn is fueling dimer acid market growth.

It is vital to mention that global dimer acid market share is modestly consolidated with major industry participants catering to more than 35% of global industry demand. Notably, Arizona Chemicals, Croda, BASF and Oleon are currently at the forefront of this industry.

Increasing drilling activities has evidently surged the demand for oilfield chemicals, stimulating dimer acid market size. The product has wide application scope in new avenges alkyd resins, surfactants, adhesives, and oil additives.
Burgeoning drilling activities across OPEC countries, Russia, and the U.S may complement the demand for oilfield chemicals. Studies meanwhile suggest that that oilfield chemical applications could record 4.5% CAGR over the forecast period, augmenting dimer acid market share.

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Apparently, REACH and EPA regulatory norms are supporting the use of dimer acid in several sectors on account of its non-toxic nature. In fact, the European Central Bank (ECB) has commenced a strategy for funding the private sector, which may stabilize major industry segments like construction, energy, transportation, plastics, and foundry in Europe. With this, it is estimated that the Europe dimer acid market could exceed USD 690 million by 2023.

Meanwhile, the U.S. dimer acid market is expected to record 6% CAGR over the forecast period. Favorable government initiatives to strengthen public infrastructure is expected to favor the demand for epoxy, adhesives and construction coating agents. With increasing demand from Europe and the U.S, it is expected that global dimer acid market size could reach around 645.1 kilotons by 2023.

Major key players are BASF, Arizona Chemicals, Croda International, Anqing Hongyu Chemical Company Ltd, Aturex Group, Harima Chemicals, Jiangsu Yonglin Oleochemical Co. Ltd, Shangdong Huijin Chemical Co. Ltd, Novepha Company Limited, Florachem Corp., Liancheng Baixin Science & Technology Co. Ltd, Jiangxi Yichun Yuanda Chemical Co. Ltd, Oleon N.V, Emery Oleochemicals, Nissan Chemical America Corporation, Jarchem Innovative Ingredients.

Get More News:

https://www.globenewswire.com/news-release/2017/07/03/1037421/0/en/Acetic-Acid-Market-to-surpass-16bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2016/10/18/880265/0/en/Specialty-Chemicals-Market-size-worth-1-273-billion-by-2024-Global-Market-Insights-Inc.html

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