Press release
Global Dimeric Fatty Acid Market Is Forecast To Surpass USD 974 Billion By 2032
Exclusive information on the market's future growth is provided by the market analysis conducted by Fact.MR. Important trends that are influencing the market growth for dimeric fatty acids are identified in the study. In this recently released analysis, significant market participants as well as up-and-coming firms involved in supply and production are highlighted along with key aspects such as drivers, restraints, and opportunities. The most recent study from Fact.MR offers a thorough market analysis of dimeric fatty acids.According to a new Fact.MR analysis, the market for dimeric fatty acids would grow 5.4% year over year during 2018 and reach US$ 608 million by the end of 2019. The majority of ecologically concerned clients from a wide range of industries are switching away from solvent-based raw materials to their bio-based equivalents, and the study is still upbeat about the potential increase in demand for dimeric fatty acids.
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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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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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Competitive 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.
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.
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The global Dimeric Fatty Acid Market report answers numerous pertinent questions, some of which are:
What are the possible investment prospects in the dimeric fatty acid market?
Which region is expected to have the most tempting growth rate over the projected period, and what factors will be critical to its development?
What changes are most likely to change the main players' current positions in the dimeric fatty acid market in the not-too-distant future?
Which product, service, or technology sectors have the potential to fundamentally change the competitive environment in the dimeric fatty acid market?
What strategies are the leading players employing to preserve their market dominance in the dimeric fatty acid industry?
What business methods would new entrants employ to gain a firm presence in the dimeric fatty acid market?
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