‘Dimer Acid Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’ is a report based on a robust research methodology that has helped us in delivering yet another comprehensive publication that deciphers this niche market. In this report, historical data, primary responses and public domain data has been thoroughly analyzed to infer the market size. Revenue of companies operating in the dimer acid market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global dimer acid market.
Introduction to the report
Dimer acids, often referred to as dimerized fatty acids, are a class of dicarboxylic acids that are synthesized by clay catalyzed oligomerization of unsaturated fatty acids. The fatty acids involved in reaction are obtained from natural sources such as tall oil, soybean oil and rapeseed oil among others. Dimer acids are used in the production of non-reactive polyamides used in hot melt adhesives and flexographic printing inks among other applications. Dimer acids enhance the level of corrosion resistance, hydrophobicity and heat & light stability of the final product. Also, use of dimer acid results in a final product with a relatively lower Tg (glass transition temperature). When used in printing inks, dimer acids tend to provide relatively higher gloss and enhanced substrate adherence to the inks.
This report is divided into four parts.
Why should you invest in this report?
If you are aiming to enter the global dimer acid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas of dimer acid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2017-2025, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market.
The global dimer acid market is estimated to be valued at about US$ 516 Mn by 2017 end and is expected to reach a value of US$ 711 Mn by the end of 2025, registering a CAGR of 4.1% in terms of value over the forecast period. Global consumption of dimer acid was pegged at 256,000 MT in 2016 and is expected to exhibit a CAGR of 3.6% over the forecast period to reach 351,509 MT by the end of 2025. Anticipated steady growth in demand from key end-use industries such as adhesives and coatings & inks among others is expected to drive the growth of the dimer acid market during the forecast period.
Steady growth in demand for hot-melt adhesives and coatings in the Asia Pacific region
The hot-melt adhesives market in Asia Pacific is expected to grow substantially over the forecast period and represents high potential opportunities for players in the industry. The APAC region accounted for nearly one fourth of the global hot-melt adhesives consumption in 2017 and is expected to account for a share of around 31% by 2025. This market is projected to register a robust CAGR, owing to increasing infrastructure development activities and growth in electronics, transportation, energy, automotive and other industries in countries such as India and China. China is the largest consumer of hot-melt adhesive products owing to a high demand from the manufacturing industry.
Increasing construction spending, growth in oil & gas production and increasing demand for green products in North America is positively impacting the demand for dimer acid
Construction spending in North America is expected to witness steady growth over the forecast period. This in turn is expected to result in an increase in demand for coatings and adhesives among others. As a result, dimer acids are expected to witness steady growth in demand during the forecast period. In the recent past, oil and gas production in North America especially in the U.S. has witnessed a substantial increase. The demand for oilfield chemicals is expected to gather momentum towards the latter half of the forecast period.
Alternative uses of key feedstock and lack of regulations hampering market growth in the Asia Pacific region
Feedstock – namely tall oil and other vegetable oils – used for the production of dimer acids, also find application in the production of biofuels. Growing demand for these for biofuels production is likely to exert some pressure on the supply of raw materials for dimer acid production. Also, conventional solvent-based adhesives are widely used in the region owing to lack of regulations governing their use. Although several industry participants are opting for hot-melt adhesives, consumption of conventional products still remains strong. These factors are likely to restrain market growth to an extent.
Global Dimer Acid Market Absolute Dollar Opportunity Analysis by Region
Increasing demand for distilled and hydrogenated products a growing trend responsible for the growth of the dimer acid market in Asia Pacific
The dimer acid market in Asia Pacific is characterized by high demand for relatively low-priced offerings namely standard dimer acids. However, over the recent past, demand for high quality end products has prompted several industry participants to turn towards distilled and hydrogenated product offerings. Such product offerings are relatively expensive. However, they impart several desired properties such as resistance to oxidation and heat.