PUBLISHER: The Business Research Company | PRODUCT CODE: 1526938
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526938
Dimer acid, also known as dimerized fatty acid, is a complex mixture of dicarboxylic acids formed through the thermal or catalytic dimerization of unsaturated fatty acids, primarily sourced from natural origins such as vegetable oils. It is characterized by two fatty acid molecules linked by a dicarboxylic acid bond. Dimer acid is highly prized for its distinctive chemical properties, notably exceptional thermal stability and resistance to corrosion. These attributes render it a versatile additive in the production of polyamides, adhesives, lubricants, and coatings.
The main product variations of dimer acid include standard, distilled, and distilled and hydrogenated forms. Standard dimer acids, originating from the dimerization of unsaturated fatty acids found in vegetable oils such as soybean and rapeseed, retain natural traits such as high oxidative stability and moderate viscosity. They are utilized across diverse applications including alkyd resins, adhesives and elastomers, lubricants, polyamide resin, fuel oil additives, and others, catering to sectors such as construction, oilfield operations, cosmetics, and more.
The dimer acid market research report is one of a series of new reports from The Business Research Company that provides dimer acid market statistics, including the dimer acid industry global market size, regional shares, competitors with dimer acid market share, detailed dimer acid market segments, market trends, and opportunities, and any further data you may need to thrive in the dimer acid industry. These dimer acid market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The dimer acid market size has grown strongly in recent years. It will grow from $1.76 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to several factors, including investments in research and development by manufacturers, a shift towards lightweight materials to enhance fuel efficiency, liberalization and deregulation initiatives that have encouraged competition and investment, an increasing focus on product safety and quality, and the expansion of the renewable energy sector.
The dimer acid market size is expected to see strong growth in the next few years. It will grow to $2.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increased usage in personal care products, a focus on antioxidant properties, rising demand for adhesives and sealants in construction due to large-scale infrastructure development projects, and an increasing demand for specialty chemicals. Major trends in the forecast period include the integration of nanotechnology, the incorporation of dimer acids in electronics, the adoption of dimer acid-based ink resins, advancements in biotechnological approaches, and progress in purification technologies.
The dimer acid market is poised for growth driven by the increasing demand for sustainable and bio-based products. These products, derived from renewable resources and designed to minimize environmental impact, are gaining traction due to a variety of factors such as environmental awareness, regulatory mandates, consumer preferences, and corporate sustainability initiatives. Dimer acids sourced from bio-based materials offer improved biodegradability compared to those derived from fossil fuels, contributing to reduced environmental impact throughout their life cycle. For instance, in March 2024, the U.S. Department of Agriculture reported a substantial growth in the economic impact of biobased products, highlighting their significant contribution to the economy, which underscores the growing demand for sustainable alternatives and their influence on the dimer acid market.
Leading players in the dimer acid market are focusing on innovation to meet the increasing demand for high-quality, sustainable materials across various industries. One such innovation is distilled dimer acid, a purified form known for its superior performance characteristics including flexibility, toughness, and chemical resistance. For example, Cargill introduced Pripol 1013 in June 2023, a distilled dimer acid renowned for its ability to produce high-performance polyesters and polyamides. This product offers enhanced water repellence, flexibility, and resistance to hydrolysis and chemicals, making it suitable for various resin modification applications in industries such as epoxy, polyurethane, polyester, and polyamide.
In March 2022, DL Chemical Co. Ltd. merged with Kraton Corporation for $38 million, positioning both companies as global leaders in specialty chemicals. This merger is expected to advance their vision of sustainability and innovation, potentially leading to the development of more eco-friendly and high-performance dimer acid products to meet the evolving market demands. Kraton Corporation, a prominent manufacturer of dimer acids, including those derived from bio-based sources, is poised to play a key role in shaping the future of the dimer acid market.
Major companies operating in the dimer acid market are Henan GP Chemicals Co. Ltd., BASF SE, Wilmar International Limited, Evonik Industries AG, Eastman Chemical Company, Musim Mas Group, Lanxess, Kemira Oyj, Croda International Plc, Kraton Corporation, Nissan Chemical America Corporation, KLK OLEO, Oleon NV, Emery Oleochemicals, Tokyo Chemical Industry Co. Ltd, Santa Cruz Biotechnology Inc., Jarchem Industries Inc., Vizag chemical, Florachem Corporation, SunChem Group, Shandong Huijin Chemical Co. Ltd., ATUREX, Anqing Hongyu Chemical Co. Ltd.
Asia-Pacific was the largest region in the dimer acid market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the dimer acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dimer acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dimer acid market consists of sales of dimer acid 35 and dimer acid 17. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dimer Acid Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dimer acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dimer acid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dimer acid market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.