The dimer acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dimer Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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 investments in research and development by manufacturers,
shift towards lightweight materials to improve fuel efficiency,
liberalization and deregulation initiatives have encouraged competition
and investment, increasing focus on product safety and quality and
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, focus on antioxidant properties, increasing demand for adhesives and sealants in construction, large-scale infrastructure development projects and increasing demand for specialty chemicals. Major trends in the forecast period include nanotechnology, integration of dimer acids in electronics, adoption of dimer acid-based ink resins, advancements in biotechnological approaches and advancements in purification technologies.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/dimer-acid-global-market-report
Scope Of Dimer Acid Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dimer Acid Market Overview
Market Drivers -
The
growing demand for sustainable and bio-based products is expected to
propel the growth of the dimer acid market going forward. Sustainable
and bio-based products are goods made from renewable resources or
processes that minimize environmental impact, aiming for long-term
ecological balance and resource preservation. Sustainable and bio-based
products are rising due to environmental concerns, regulatory pressure,
consumer preferences, and corporate sustainability initiatives. Dimer
acids derived from bio-based sources are more biodegradable than those
derived from fossil fuels, leading to lower environmental impact at the
end of their life cycle. For instance, in March 2024, according to the
U.S. Department of Agriculture, a US-based government administration, in
2021, biobased products, integral to the bioeconomy, added $489 billion
to the U.S. economy, compared to $464 billion in 2020, a $25 billion
rise, indicating a robust 5.1% growth in economic impact. Therefore, the
growing demand for sustainable and bio-based products is driving the
development of the dimer acid market.
Market Trends -
Major
companies operating in the dimer acid market are developing innovative
products, such as distilled dimer acid, to enhance performance features
and meet the rising demand for high-quality, sustainable materials in
diverse industries. Distilled dimer acid is a highly purified form of
dimer acid known for its enhanced performance characteristics, including
superior flexibility, toughness, and chemical resistance. For instance,
in June 2023, Cargill, a US-based food and beverage manufacturing
company, launched Pripol 1013. Pripol 1013 dimer acid produces
high-performance polyesters and polyamides, offering enhanced toughness,
flexibility, water repellence, and resistance to hydrolysis and
chemicals. It is a high-purity building block offering water repellency,
flexibility, and excellent hydrolysis and chemical resistance. Pripol
1013 suits epoxy, polyurethane, polyester, and polyamide resin
modification applications.
The dimer acid market covered in this report is segmented –
1) By Product Type: Standard, Distilled, Distilled And Hydrogenated
2) By Application: Alkyd Resins, Adhesives And Elastomers, Lubricants, Polyamide Resin, Fuel Oil Additives, Other Applications
3) By End-Use Industry: Construction, Oilfield, Cosmetics, Other End-Use Industries
Get an inside scoop of the dimer acid market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16036&type=smp
Regional Insights -
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.
Key Companies -
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.
Table of Contents
1. Executive Summary
2. Dimer Acid Market Report Structure
3. Dimer Acid Market Trends And Strategies
4. Dimer Acid Market – Macro Economic Scenario
5. Dimer Acid Market Size And Growth
…..
27. Dimer Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment