Dimer Acids Market is Estimated to Witness High Growth Owing to Rising Demand from Adhesives & Sealants Industry

The Dimer Acids Based Market size is valued at US$ 2.7 Bn in 2024 and is expected to reach US$ 4.33 Bn by 2031, growing at a (CAGR) of 7% from 2024 to 2031.

BURLINGAME, CALIFORNIA, UNITED STATES, May 21, 2024 /EINPresswire.com/ -- Market Overview:

Dimer acids, also known as dimerized fatty acids, are saturated fatty acids produced through the catalytic reaction of unsaturated vegetable oil bonds. They are primarily used in the production of adhesives, inks, polyamide resins, and other products.

Market Dynamics:

The global dimer acids market is witnessing significant growth owing to rising demand from adhesives & sealants industry. Dimer acids find widespread application in hot melt adhesives and reactive hot melt adhesives due to their branching structure, which provides cohesive strength. Adhesives & sealants account for over 50% of total dimer acid consumption globally. Furthermore, growing construction activities in developing countries of Asia Pacific and Latin America are fueling the demand for adhesives & sealants from various end-use industries such as packaging, woodworking, and automotive. This is anticipated to boost the growth of dimer acids market over the forecast period. Additionally, increasing usage of dimer acid-based polyamide resins in various industrial application such as printing inks, coatings, and engineering plastics is also contributing to the market growth.

Increasing Adoption of Personal Care Products Fuels Demand for Dimer Acids

With rising disposable incomes and growing beauty consciousness among consumers across the globe, the personal care industry has witnessed steady growth over the past few years. Dimer acids find widespread application in personal care products such as skin care creams, lotions, and hair conditioners due to their emollient and non-comedogenic properties. The use of dimer acids helps reduce the stickiness in formulas and provides a smooth application. As consumption of personal care items rises, dimer acid manufacturers are witnessing significant rise in demand. Additionally, the launch of innovative male grooming range has further spurred the uptake of dimer acids in personal care manufacturing.

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Key Players Covered In This Report:

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.

Market Segmentation:

By Material Type : Metals (Precious Metals, Nonprecious Metals), Alloys, Compounds, Others
By Application: Electronics, Optics, Power & Energy, Others

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Growth of Adhesives Industry Acts as a Major Catalyst

Adhesives continue to gain prominence across various manufacturing sectors owing to advantages such as reduced weight of the final product and improved performance. Dimer acids are commonly used as modifiers to enhance the adhesion, flexibility, and resistance properties of adhesives. They are added to pressure-sensitive and hot melt adhesives used in diverse applications ranging from construction to packaging. With the thriving adhesives industry worldwide, the dimer acids market is expected to experience lucrative opportunities in the coming years. Innovation in adhesive technologies and introduction of bio-based and sustainable adhesive solutions will further create a positive outlook.

Volatile Raw Material Prices Pose a Challenge

The prices of feedstocks required for dimer acid production such as tall oil and unsaturated fatty acids are prone to fluctuation owing to various macroeconomic and geopolitical factors. Since dimer acids account for over 40% of total product cost, volatility in raw material prices can negatively impact the profit margins of manufacturers. This acts as a key roadblock in the market. Additionally, any disruption in supply chain due to natural or man-made calamities can result in inadequate availability of raw materials, thereby hampering production schedules. Dimer acid producers need to devise effective procurement and pricing strategies to minimize the risks associated with fluctuating feedstock costs.

Growing Trend Toward Bio-Based Solutions Spurs Opportunities

With rising environmental awareness, bio-based chemicals are fast gaining prevalence across industries over their petroleum-derived counterparts. Dimer acids obtained from renewable sources such as vegetable oils present exciting opportunities for market participants. They help reduce reliance on fossil fuels and lower carbon footprint. Manufacturers investing in R&D of green dimer acid production technologies can leverage the benefits of this trend. Additionally, growth in bioplastics and green lubricants segments will further create positive demand prospects over the forecast period.

Advancements in Manufacturing Processes Push Technological Boundaries

Dimer acid producers are constantly implementing innovative process technologies to enhance production efficiency and reduce environmental impact. Developments such as continuous hydrogenation reactors instead of batch reactors, use of supported metal catalysts, resin separation through distillation columns are improving product yields. Application of advanced process control systems allows maintaining tighter operational parameters. Automation integration and Industry 4.0 initiatives enable remote monitoring and predictive maintenance. Furthermore, use of green solvents for chemical extractions and recovery is gaining wider acceptance. Technological upgradations will help participants optimize manufacturing costs while meeting stringent regulatory norms.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global dimer acids market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Mr. Shah
Coherent Market Insights Pvt. Ltd.
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