Press release
Global Dimeric Fatty Acid Market Is Forecast To Surpass USD 974 Billion By 2032
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Dimeric Fatty Acid industry suffered a huge setback due to halted production and a limited supply of raw materials.
With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.
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Dimeric fatty acid Market Key Segments
By Product Type :
Standard
Distilled
Distilled & Hydrogenated
By Application :
Reactive Polyamides
Oil Field Chemicals
Others
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Competition Landscape
Dimeric fatty acid market competitive landscape shows top manufacturers including Anqing Hongyu Chemical Co. Ltd., Aturex Group, Croda International Plc., Emery Oleochemicals GmbH, Florachem Corp., Jarchem Industries Inc, Jiangsu Jinma Oil Technology Development Co. Ltd., Jiangsu Yonglin Oleochemical Co. Ltd., Kraton Corporation, Liancheng Baixin Science and Technology Co. Ltd., Oleon NV and Shandong Huijin Chemical Co. Ltd.
The study finds that Tier 1 players account for around 32% 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.
Infrastructure Expansion in the U.S. is Fueling Demand for Dimeric Fatty Acid
The Dimeric Fatty Acid chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.
However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Dimeric Fatty Acid chemical industry are gearing up to retain the industry's post-pandemic status.
Rising demand for Dimeric Fatty Acid dispersants from the construction and oil & gas industry is driving the Dimeric Fatty Acid chemical industry in the U.S. Dimeric Fatty Acid dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.
Increasing housing infrastructure projects are propelling Dimeric Fatty Acid dispersant sales, thus augmenting the growth of the Dimeric Fatty Acid chemical industry. The presence of leading players in the country is also driving sales and export in the Dimeric Fatty Acid chemical industry.
U.K is Capitalizing on Dimeric Fatty Acid Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Dimeric Fatty Acid chemical industry.
In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Dimeric Fatty Acid chemical industry are striving to achieve the pre-pandemic status by opting for various Dimeric Fatty Acid and inHigh Purity Quartz Sand growth strategies.
In the U.K, the growth of the Dimeric Fatty Acid industry can be attributed to the surging demand for Dimeric Fatty Acid binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Dimeric Fatty Acid binders are key factors leading the sales and demand.
Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Dimeric Fatty Acid binders, thus creating lucrative opportunities for several players operating in the Dimeric Fatty Acid chemical industry in the upcoming decade.
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China is Incorporating Dimeric Fatty Acid Pigments in Textiles and Visual Arts
The global hub for the Dimeric Fatty Acid chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.
China is a lucrative ground for the Dimeric Fatty Acid industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Dimeric Fatty Acid pigments is also gaining immense traction in China.
Dimeric Fatty Acid pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Dimeric Fatty Acid pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Dimeric Fatty Acid industry.
Additionally, the wide range of unique shades available in Dimeric Fatty Acid pigments makes them a preferred choice for visual arts as well. The consumption of Dimeric Fatty Acid pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Dimeric Fatty Acid pigments and creating lucrative opportunities for players operating in the Dimeric Fatty Acid industry.
India Will Showcase High Demand for Speciality Dimeric Fatty Acid
India is emerging as a lucrative market for the Dimeric Fatty Acid chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.
The Dimeric Fatty Acid industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.
Leading players operating in the Dimeric Fatty Acid industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.
The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Dimeric Fatty Acid and will continue augmenting the growth of the Dimeric Fatty Acid chemical industry.
Key Long-Term Trends
The global Dimeric Fatty Acid industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Dimeric Fatty Acid industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:
Chemoinformatic
The Dimeric Fatty Acid industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Dimeric Fatty Acid chemical products.
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