Press release
Dimer Acid Market, Regional Outlook, Application Potential, By Product, 2017-2023
Global Dimer Acid Market was evaluated at more than 456 kilo tons for 2015 and predicted to register CAGR of more than 4.1% by end of 2023. Rise in demand for dimer acid polyamide resin due to increasing construction activities can favorably affect the industry. Further, rapid modernization and economic development along with high expenditure on infrastructure in most of the countries is predicted to fuel industry growth.
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In addition to this, growth in production sectors like chemical sector, electronics sector, automotive sector and metal foundry sector can propel product demand. Oilfield chemicals are extensively utilized in activities like refining, well drilling and hydraulic fracturing. Many of these chemicals are used as surfactants, lubricants and corrosion inhibitors. Increasing rate of drilling activities carried out globally to fulfill rising power requirements are predicted to propel oilfield chemicals demand that can promote dimer acid market growth.
Dimer acid also finds its application in reactive polyamide resins and non-reactive polyamide resins. Dimer acid market share in non-reactive polyamide resin segment accounted for over USD 560 million in 2015, and is anticipated to grow considerably over the coming years. The growth can be contributed to high demand for solvents from printing inks, paper coatings, and adhesives. Its application in reactive polyamide resin segment is expected to grow at a rate of 4.6% over 2016-2023, owing to the rising demand for adhesives & coatings in construction and marine sectors.
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Global industry is segmented into key geographical regions like North America, Europe, APAC, MEA and Latin America. North America dimer acid market dominated the global industry by contributing more than $300 million for 2015. The regional industry growth can be contributed to rapid expansion of U.S. construction sector. Further, growing infrastructure sector and favorable government policies are few of the aspects predicted to promote demand for adhesives and masonry & epoxy coating agents. This can further enhance the regional industry demand.
Dimer acid Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing construction spending
3.4.1.2. Rising oilfield chemicals demand
3.4.2. Industry pitfalls & challenges
3.4.2.1. Fluctuating raw material prices.
3.5. Growth potential analysis
3.6. Porter's analysis
3.7 Company market share analysis, 2015
3.8. PESTEL analysis
View a summary of the “Dimer acid Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/dimer-acid-market
Key industry players profiled in the report include Croda International, Emery Oleochemicals, Jarchem Innovative Ingredients, Harima Chemicals, Anqing Hongyu Chemical Company Limited, Jiangsu Yonglin Oleochemical Company Limited, Novepha Company Limited, BASF, Arizona Chemicals, Aturex Group, Liancheng Baixin Science & Technology Company Limited, Shangdong Huijin Chemical Company Limited, Florachem Corporation, Jiangxi Yichun Yuanda Chemical Company Limited, Oleon N.V and Nissan Chemical America Corporation.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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