Dimer acid Market 2017–2027

Dimer acid is a chemical compound with C36H68O4. It is a light yellow transparent liquid and is widely used to produce hot melt adhesives and polyamide resins. Dimer acid is also referred to as dimerized fatty acids and composed unsaturated fatty acids that are produced from oleic acid, canola oil, and tall oil. Dimer acid is also used in the production of adhesives, surfactants, fuel oil additives, alkyd resins, and lubricant. They are non-toxic in nature and can be used in the production of reactive and non-reactive polyamides for epoxy resins, corrosion inhibitors, polyol esters, personal care products, and oil field drilling muds.

The global dimer acid market is projected to surpass US$ 1000 million by the end of 2027, in terms of revenue, growing at CAGR of 6.1% during the forecast period (2019 to 2027).

Drivers

Growing demand for bio-chemicals across the various end-use industry is expected to foster the market growth of dimer acid. Dimer acid is mainly produced from raw materials such as Tall Oil Fatty Acids (TOFA) and Vegetable Oil Fatty Acids (VOFA), such as soybean oil, rapeseed oil, cottonseed, etc. Therefore, dimer acid is obtained from renewable raw materials, and are biodegradable and hence this factor is expected to fuel the demand for dimer acid around the globe.

Growing inks and coatings industry around the globe is expected to foster the market growth of dimer acid. According to the American Coatings Association, in 2015, the paint and coatings industry shipped more than US$ 11.2 billion in architectural coatings from the U.S. the sector of the industry. Therefore, growing production of inks and coatings especially across the developing region is expected to propel the market growth of dimer acid. 

Regionally, Asia-pacific dominated the global dimer acid market in 2018, reporting 32% market share in terms of revenue, followed by Europe and North America, respectively. This is due to rapid growth of various end-user industries in Asia-pacific.

Figure 1. Global Dimer Acid Market, Revenue Share (%), By Region, 2018

Dimer Acids  | Coherent Market Insights

Market Restraints

The fluctuating price of dimer acids as they are produced from vegetable oils, such as rapeseed oil and cottonseed oil is expected to hinder market growth of dimer acids. The price of dimer acids completely depend on the prices of vegetable oils, which ultimately tend to affect the demand and supply. Thus, volatile prices of the dimer acids is a major factor expected to hinder the market growth of dimer over the forecast period.

Low availability of feedstock such as C18 tall oil fatty acid is another major factor projected to hinder the market growth of dimer acid. The tall oil is produced from Kraft wood pulping operations and production of dimer acids is mostly carried out from tall oil fatty acids. This factor is projected to restrict the market growth of global dimer acid over the forecast timeframe.

Market Opportunities

Growing opportunities from the automotive sector where dimer acid is used in the production of corrosion inhibitors are expected to foster the market growth of dimer acid. According to the India Brand Equity Foundation, India became the fourth largest auto market in 2018 with sales increasing 8.3% year-on-year to 3.99 million units. It was the seventh-largest manufacturer of commercial vehicles in 2018. Therefore, growing sales of the automobile are expected to foster market growth.

Expanding cosmetic industry is expected to offer lucrative growth opportunities to the market of dimer acid over the forecast period. According to the LoudCloudHealth.com. The global cosmetic industry is growing faster today than ever before with an estimated market value of almost US$ 805 billion by 2023. It is expected to grow at a compound annual growth rate (CAGR) of 7.14% from 2018 to 2023. Hence, the growing cosmetic industry is expected to fuel the market growth of dimer acid.

Figure 2. Global Dimer Acid Market – Opportunity Analysis

Dimer Acids  | Coherent Market Insights

Market Trends

Growing environmental concern is a major factor that is encouraging the user to adopt dimer acid as it is a bio-based product and this trend is estimated to stimulate the market growth of dimer acid. Dimer acid is one such chemical that is produced from natural renewable sources, such as vegetable oil. Also, demand for dimer acid-based polyamides polyurethanes has been witnessed steady demand over the recent few years and this is expected to foster market growth.

Growing production of dimer acid production in china is expected to propel the market growth of dimer acid. According to the Coherent Market Insights, China has emerged as the key producer of dimer acids as the country is home to numerous small & medium scale manufacturers of dimer acid who provide lower-priced products as compared to their global counterparts. Moreover, the lower cost of production in China along with the easy availability of raw material is a major factor augmenting the growth of the dimer acid market.

Figure 3. Global Dimer Acid Market, Revenue Share (%), By Derivative, In 2018

Dimer Acids  | Coherent Market Insights

On the basis of application, in 2018, non-reactive polyamide resins segment accounted the largest market share of 42% in terms of revenue, followed by reactive polyamide resins and oilfield chemicals, respectively.

Figure 4. Global Dimer Acid Market – Value Chain Analysis

Dimer Acids  | Coherent Market Insights

Competitive Section

Key players active in the global dimer acid market are BASF SE, Monsanto Company, E I du Pont de Nemours & Company, Bayer AG, The Dow Chemical Company, Syngenta AG, and Nufarm Limited

Dimer acids are pale yellow colored dicarboxylic acids which are obtained by the dimerizing of unsaturated fatty acids. The unsaturated fatty acids are derived from different fatty acid feedstocks such as rapeseed oil, tallow oil and others. They are also recognized as dimerized fatty acids and act as building constituents for various end-products owing to its dicarboxylic acid reactivity.

Market Dynamics

The global dimer acids market has witnessed a surge in growth in recent past tears, owing to the eco-friendly nature of dimer acids. On addition to this, dimer acids finds its applications in various types of end-user industries such as automobile industry, printing inks, paints, coatings, oil & gas and others, which in turn, is expected to foster the demand for dimer acids globally in the forthcoming years.

On the basis of application, the global dimer acid market is bifurcated into reactive polyamide resins, non-reactive polyamide resins, oilfield chemicals and resins. Dimer acids are widely used in industries for production of these reactive polyamide resins, which are eventually used in formulations of different products such as inks, coatings, adhesives, and others. This scenario is expected to fuel the growth of the global dimer acids market in the next few years.

Key features of the study:

  • This report provides in-depth analysis of global dimer acid market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global dimer acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes are BASF SE, Croda International Plc., Arizona Chemical Company, LLC, Oleon NV, Shandong Huijin Chemical Co. Ltd., Liancheng Baixin Science and Technology Co. Ltd., Jiangsu Jinma Oil Technology Development Co., Ltd., and Jiangsu Yonglin Oleochemical Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global dimer acid market report caters to various stakeholders in this industry including investors, suppliers, global dimer acid manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global dimer acid market

Detailed Segmentation:

  • Global Dimer Acid Market, By Product Type:
    • Standard
    • Distilled
    • Hydrogenated
  • Global Dimer Acid Market, By Application:
    • Reactive Polyamides
    • Non-Reactive Polyamides
    • Oil Field Chemicals
    • Others
  • Global Dimer Acid Market, By Region:
    • North America
      • U.S.
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Canada
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Mexico
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Rest of Latin America
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
    • Europe
      • Germany
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • France
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • U.K.
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Italy
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Spain
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Russia
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Poland
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Rest of Europe
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
    • Asia Pacific
      • China
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • India
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • ASEAN
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Australia & New Zealand
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Rest of Asia Pacific
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • South Africa
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • North Africa
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • Standard
          • Distilled
          • Hydrogenated
        • By Application
          • Reactive Polyamides
          • Non-Reactive Polyamides
          • Oil Field Chemicals
          • Others
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Croda International Plc.
    • Arizona Chemical Company, LLC
    • Oleon NV, Shandong Huijin Chemical Co. Ltd.
    • Liancheng Baixin Science and Technology Co. Ltd.
    • Jiangsu Jinma Oil Technology Development Co., Ltd.
    • Jiangsu Yonglin Oleochemical Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Dimer Acid Market, By Product Type, 2017 - 2027 (US$ Million and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Standard
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
    • Distilled
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
    • Hydrogenated
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
  5. Global Dimer Acid Market, By Application, 2017 - 2027 (US$ Million and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Reactive Polyamides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
    • Non-Reactive Polyamides
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
    • Oil Field Chemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million and Kilo Tons)
  6. Global Dimer Acid Market, By Region, 2017- 2027 (US$ Million and Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Latin America
          • Sub-Region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Australia & New Zealand
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million and Kilo Tons)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Croda International Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arizona Chemical Company, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Oleon NV
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Shandong Huijin Chemical Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Liancheng Baixin Science and Technology Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Jiangsu Jinma Oil Technology Development Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Jiangsu Yonglin Oleochemical Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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