According to a research report published by Spherical Insights & Consulting, the Global Dimer Acid Market Size Expected to Grow from USD 2.5 Billion in 2023 to USD 4.6 Billion by 2033, at a CAGR of 6.29% during the forecast period 2023-2033.

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Dimer acid, a light-yellow liquid made from unsaturated fatty acids, is used in paint and coating industries due to its durability and adhesive properties. The global expansion of these industries is expected to drive the growth of the dimer acid market. The dimer acid market is expected to grow ascribed to increased construction and infrastructure development in emerging nations, the shift from energy imports to domestic generation, and the increasing demand for oilfield chemicals. Dimer acid is crucial in marine coatings, particularly in acid-based polyamide resins. The dimer acid sector is driven by its widespread use in end-use industries like adhesives, paints, and oilfield chemicals, as well as cosmetics and personal care products, driving market growth through surface coating, adhesives, and sealants. However, fluctuations in vegetable oil prices could impact the dimer acid market, potentially causing increased production costs and reduced profitability for enterprises.

Browse key industry insights spread across 242 pages with 105 Market data tables and figures & charts from the report on the Global Dimer Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Standard, Distilled, and Distilled & Hydrogenated), By Application (Alkyd Resins, Adhesives and Elastomers, Lubricants, and Polyamide Resin), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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 The distilled & hydrogenated segment is expected to hold the largest share of the global dimer acid market during the projected timeframe.

Based on product type, the global dimer acid market is categorized as standard, distilled, and distilled & hydrogenated. Among these, the distilled & hydrogenated segment is expected to hold the largest share of the global dimer acid market during the projected timeframe. Distilled & hydrogenated product type enhances mechanical quality in nylon resin and fiber production, promoting market growth and improving corrosion resistance and lubricity in metal processing industries.

The alkyd resins segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the application, the global dimer acid market is categorized as alkyd resins, adhesives and elastomers, lubricants, and polyamide resin. Among these, the alkyd resins segment is expected to grow at the fastest CAGR during the projected timeframe. Alkyd resins are essential components in paints, varnishes, and enamels due to their brightness, hardness, and corrosion resistance, making them the primary binder in commercial oil-based paints.

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Asia Pacific is projected to hold the largest share of the global dimer acid market over the forecast period.

Asia Pacific is projected to hold the largest share of the global dimer acid market over the forecast period. Industrialization and urbanization drive market growth in construction materials, automotive components, consumer products, and packaging materials. Natural resource availability and sustainability emphasize the demand for renewable, sustainable products.

North America is expected to grow at the fastest CAGR growth of the global dimer acid market during the forecast period. North America is expected to experience rapid growth due to increased construction spending in Mexico, housing market recovery post-recession, and US crude oil and shale gas development.

Major vendors in the global dimer acid market are Aturex Group, Harima Chemicals Group, Inc., Forchem Oyj, Emery Oleochemicals, Elevance Renewable Sciences, Inc., Cathay Biotech Inc., TCI Chemicals Pvt. Ltd, Nanjing Chemlin Chemical Industrial Co. Ltd, Chemical Corporation, Junheng Industrial Group Biotechnology Co., Ltd, Croda International Plc, Kraton Corporation, BASF SE, Qingdao ECHEMI Digital Technology Co., Ltd., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 Key Market Development

• In October 2024, The North Carolina Department of Environmental Quality’s Division of Water Resources set interim maximum allowed concentrations (IMACs) for eight perfluoroalkyl substances (PFAS) in groundwater. It includes hexafluoropropylene oxide dimer acid, which can be utilized to set groundwater cleanup targets by the DEQ’s Waste Management Division.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global dimer acid market based on the below-mentioned segments:

Global Dimer Acid Market, By Product Type

• Standard
• Distilled
• Distilled & Hydrogenated

Global Dimer Acid Market, By Application

• Alkyd Resins
• Adhesives and Elastomers
• Lubricants
• Polyamide Resin

Global Dimer Acid Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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