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Dimer Acid Market 2023 Industry Trends, Sales, Supply, Demand, Analysis & Forecast to 2027
Dimer Acid MarketDimer acids are unsaturated fatty acids that are derived from the dimerization of unsaturated fatty acids. They are typically produced from the reaction of unsaturated fatty acids, such as linoleic and linolenic acid, with each other. Dimer acids are widely used in various applications, including as raw materials for the production of lubricants, resins, and surfactants. The global dimer acid market is expected to grow due to the increasing demand for sustainable and bio-based products in various end-use industries, such as cosmetics, personal care, and coatings.
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Market Overview
The growth of the market can be attributed to the increasing demand for bio-based products, growing consumer awareness regarding the use of environmentally friendly products, and the increasing use of dimer acids in various end-use industries, such as cosmetics, personal care, and coatings.
Segmentation
The global dimer acid market can be segmented based on type, application, and region.
Based on type, the market can be segmented into hydrogenated dimer acids, polyunsaturated dimer acids, and others. The hydrogenated dimer acids segment is expected to dominate the market due to its widespread use in various applications, including as a raw material for the production of lubricants and resins.
Based on application, the market can be segmented into lubricants, resins, surfactants, and others. The lubricants segment is expected to hold the largest market share due to the increasing demand for bio-based lubricants in various industries, such as automotive and industrial machinery.
Geographical Analysis
Geographically, the global dimer acid market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to the presence of large-scale manufacturing companies in countries such as China, India, and Japan. Additionally, the growing demand for bio-based products and the increasing use of dimer acids in various end-use industries, such as cosmetics and personal care, are expected to drive the growth of the market in the region.
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Competitive Landscape
The global dimer acid market is highly competitive, with several large and small players operating in the market. Some of the major players in the market include
• Kraton Corporation
• Croda International Plc.
• Oleon NV
• Emery Oleochemicals
• Florachem Corporation.
• Jarchem Industries Inc.
• Aturex Group
• Shandong Huijin Chemical Co. Ltd
• Liancheng Baixin science and technology Co. Ltd.
• Jiangsu Jinma Oil Technology Development Co., Ltd.
• Jiangsu Yonglin Oleochemical Co., Ltd.
• Jiangxi Longwell Industrial Co., Ltd.
• Jinan Tongfa resin Co., Ltd, among others.
These players are adopting strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market presence and increase their market share.
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Conclusion
The global dimer acid market is expected to grow due to the increasing demand for sustainable and bio-based products in various end-use industries, such as cosmetics, personal care, and coatings. The market is highly competitive, with several large and small players operating in the market. The growth of the market in the Asia Pacific region is expected to be driven by the presence of large-scale manufacturing companies and the increasing demand for bio-based products in the region.
Disclaimer: The above information is based on the available data and information as of 2021 and is subject to change as the market evolves.
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