Latest industry research report on Dimer Acid Market. The demand for dimer acid is expected to increase due to its comprehensive applications in industries, such as paints & coatings, adhesives, and oilfield chemicals among others. These industries would witness a persistent growth in the future, thereby augmenting the growth of world dimer acid market. Currently, non-reactive polymer dominates the application segment in the dimer acid market. However, reactive polymers are forecast to exhibit the highest CAGR due to its growing popularity in construction and marine coatings, especially in Asia-Pacific. Despite its optimistic stance, the dimer acid industry, is likely to witness fluctuations in the price of raw materials such as rapeseed oil, cottonseed oil, and soybean oil that can hamper the growth of the market during the forecast period.
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Dimer acids, also known as dimerized fatty acids, belong to the class of dicarboxylic acids, obtained by dimerizing unsaturated fatty acids. Dimer acids are non-toxic and have yellow viscous transparent appearance. Dimer acids are predominantly used to make polyamide resins and hot melt adhesives. Based on properties, dimer acid-based polyamide resins can be classified as either reactive or non-reactive. Reactive polyamides act as curing agents for epoxy resins, which are used to manufacture adhesives and surface coatings. Whereas, non-reactive polyamides are largely used to manufacture printing inks and hot-melt adhesives. In addition, dimer acid-based polyamide resins are widely used as fuel oil additives, and lubricants in alkyd resins, adhesives, and surfactants.
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The report segments the dimer acid market on the basis of application, product type, and geography.
World dimer acid market – by application
World dimer acid market – by product type
World dimer acid market – by geography
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