Dublin, April 22, 2024 (GLOBE NEWSWIRE) -- The "Dimer Acids - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Dimer Acids Market to Reach $1 Billion by 2030
The global market for Dimer Acids estimated at US$720.3 Million in the year 2023, is projected to reach a revised size of US$1 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2023-2030.
The dimer acid market is observed to be thriving, with significant advancements seen in hydrogenated and distilled dimer acid, along with oilseed chemicals. Non-reactive polyamide resins emerge as dominant, while reactive polyamide resins are projected to witness the fastest growth.
Standard Dimer Acids, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$481 Million by the end of the analysis period. Growth in the Distilled Dimer Acids segment is estimated at 4.6% CAGR for the next 8-year period. Recent market activity within the dimer acid market is examined, reflecting the ongoing developments and trends shaping the industry. As the market continues to evolve, stakeholders navigate competitive strategies to capitalize on emerging opportunities and sustain growth momentum.
The U.S. Market is Estimated at $165.7 Million, While China is Forecast to Grow at 5.8% CAGR
Regional market analysis provides insights into the varying dynamics across different geographies. Market restraints are identified, shedding light on factors that may hinder the market's growth potential.
The Dimer Acids market in the U.S. is estimated at US$165.7 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$252.8 Million by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 338 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $720.3 Million |
| Forecasted Market Value (USD) by 2030 | $1000 Million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Competitive Landscape
- Dimer Acids - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Analysis and Prospects
- Global Dimer Acid Market Continues Leaping from Strength to Strength
- Hydrogenated & Distilled Dimer Acid & Oilseed Chemicals: Principal Segments of Dimer Acid Market
- Non-reactive Polyamide Resins Dominate, While Reactive Polyamide Resins to Witness Fastest Growth
- Regional Market Analysis
- Market Restraints
- Recent Market Activity
- WORLD BRANDS
MARKET TRENDS & DRIVERS
- Polyamide Resins: Holding Value Proposition for Diverse Applications & Dimer Acid
- Polyamides Build on Dimer Fatty Acid
- Other Notable Applications
- Industrial Polyamide-Based Cable Protection Systems
- Nylon: Key Applications
- Trends in the Construction Industry Influence Market Uptake of Dimer Acid
- Increased Activities of Remodeling and Renovation to Propel the Growth
- Global Remodeling Market (in US$ Trillion) for the Years 2017, 2019, 2021, 2023 and 2025
- Growing Adoption of Dimer Acid in Paints and Coatings Drives Market Growth
- Strong Demand for Alkyd Resins Supported by a Robust Paints and Coatings Industry to Spur Demand for Dimer Acid. Global Market for Alkyd Resins (In US$ Billion) for Years 2022, 2024, 2026 and 2028
- Global Paints and Coatings Industry in US$ Billion: 2018-2027
- Shift towards Low-VOC Options for Paints & Coatings
- Surging Usage of Hot Melt Adhesives Spur the Demand for Dimer Acid
- Global Adhesives Market (2022E): Percentage Value Breakdown by Technology
- Diverse End-Use Markets - A Major Plus for Hot Melt Adhesives
- Packaging: The Largest Market for Hot Melt Adhesives
- Key Packaging Applications & Benefits of HMAs
- Hot Melt Adhesives from Biodegradable Resources
- Strong Demand for Fuel Additives to Boost Consumption of Dimer Acid
- Robust Fuel Additives Market to Boost Demand for Dimer Acid, a Key Commodity in the Upstream Value Chain: Global Market for Fuel Additives (In U$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
- Fuel Additive Market: Primary Drivers
- Guidelines to Curb Emissions Ignite Demand
- Expansion of Automotive Industry & Rising Gasoline Demand
- Rising Consumption of Aviation Fuels
- Emergence of Green Fuel Additives
- Emergence of Green Corrosion Inhibitors as Raving Trend to Augur Well for Dimer Acid
- Toxicity Concerns Augment Demand for Green Inhibitors
- Dimer Acid: Gaining Attention for Anti-Corrosion Properties
- Rising Opportunities in the Automotive Sector Drive Market Demand
- World Automobile Production in Million Units: 2008-2022
- Growing Opportunities in the Cosmetics Industry
- World Cosmetics Market (2022): Percentage Breakdown of Revenues for Skincare Products, Haircare Products, Makeup Products, Fragrance Products, and Other Cosmetics
- Promising Growth of Oilfield Chemicals to Boost Dimer Acid Consumption
- Global Demand for Oilfield Chemicals (In US$ Billion) for Years 2022, 2024, 2026, 2028, and 2030
- Process & Technology Advancements Augur Well for Market Growth
FOCUS ON SELECT PLAYERS(Total 41 Featured)
- Fujian Zhongde Energy Co. Ltd
- BASF SE
- MilliporeSigma
- Croda International PLC
- Emery Oleochemicals Group
- Nissan Chemical Corporation
- Oleon NV
- Harima Chemicals Group, Inc.
- Ingevity Corporation
- A.B. Enterprises
- KLK Oleo
- Anhui Elite Industrial Co., Ltd.
- Kraton Corporation
- BOC Sciences
- Ataman Kimya AS
For more information about this report visit https://www.researchandmarkets.com/r/8t177t
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