Industry News

Global Market for Dimer Acids to Reach USD 705.8 Mn by 2021: Persistence Market Research

Published on 2015-10-08. Author : SpecialChem

According to a new market report published by Persistence Market Research “Global Market Study on Dimer Acid: Distilled and Hydrogenated Segment to Witness High Growth by 2021”, the global market for dimer acids valued at an estimated US$ 494.1 million in 2015, and is expected to expand at a CAGR of 6.1% from 2015 to 2021, to reach a market value of US$ 705.8 Mn by 2021.

Persistence Market Research
Fig. 1: Persistence Market Research

The growth of end use industries is expected to emerge as a major factor driving the global dimer acid market during the forecast period. Moreover, steady economic growth in regions across the globe, especially in Asia Pacific is also likely to indirectly drive the growth of the global dimer acid market between 2015 and 2021.

Additionally, increasing demand for bio-based, green products, is expected to positively impact the global dimer acid market during the forecast period.

However, volatility in prices of dimer acids, primarily due to fluctuation in vegetable oil prices is likely to act as an impediment to the growth of the global dimer acid market between 2015 and 2021. The global dimer acid market is expected to grow from an estimated value of US$ 494.1 million in 2015to US$ 705.8 million by 2021, registering a CAGR of 6.2% during the forecast period.

Asia-Pacific is expected to dominate the global dimer acid market during the forecast period. It is slated to register CAGR of nearly 7.3% between 2015 and 2021.A relatively slower pace of growth is forecast to be exhibited by Europe and North America’s dimer acid markets during the forecast period.

On the basis of applications, reactive polyamides segment is expected to witness growth at a faster pace, compared to other application based segments. In terms of product types, standard dimer acid segment accounts for a major share of the overall dimer acid market and is expected to dominate the market throughout the forecast period.

BASF SE, Arizona Chemical Company LLC, Oleon NV are the foremost players of global dimer acid market. Other noteworthy players of the global dimer acid market are all China-based companies, including: Shandong Huijin Chemical Co. Ltd., Liancheng Baixin Science and Technology Co. Ltd., and Jiangsu Yonglin Oleochemical Co. Ltd., among the others.

The global dimer acid market is segmented as follows:

By Product Type:

o Standard
o Distilled
o Distilled & Hydrogenated

By Application:
o Non-Reactive Polyamides
o Reactive Polyamides
o Oilfield Chemicals
o Others

By Geography

o North America
o Europe
o Middle East & Africa
o Latin America

About Persistence Market Research

Persistence Market Research (PMR) is an innovative provider of market research reports and consulting services. The three PMR pillars of strength that have helped us win clients for years are: Quality Research, Quick Research, and In-depth Research.

PMR’s team of seasoned analysts and consultants are experts in their domain. PMR processes process complex, exhaustive primary and secondary research data into valuable insight. PMR understands that each client has a unique problem statement, and address it with its strengths.

PMR’s quality research services follow ISOMAR guidelines, and it takes these a step further by delivering the most ingenious, strategic solutions to our clients. Quick Research helps it to deliver its services in flexible turnaround time. In-depth Research drills down to all the levels of the market and supports clients to create effective strategies for mass or micro marketing.

Source: Persistence Market Research

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