APAC to Remain the Prevalent Market for Dimer Acid by 2025

(Newswire.net — August 2, 2017) New York City, New York — It is estimated therefore to reach a valuation of US$ 711 million by end of 2025. As per estimated Global requirement of Dimer acid poised at 256 MT in 2016, which is by 2025 end will expectedly increase around 351,509 MT. Demanding Hot –melt adhesives and Flexographic inks are expected to impact positively on the global Dimer acids sales over next couple of years.

This segment remains focused on offering wider range products of specific applications with a higher specification standard. Some of the head companies operating in the global Dimer acid market are Croda International Plc., Oleon NV, Emery Oleochemicals, Florachem Corporation., Jarchem Industries Inc., Shandong Huijin Chemical Co. Ltd, Shandong Huijin Chemical Co. Ltd, Aturex Group, Shandong Huijin Chemical Co. Ltd, Jiangsu Yonglin Oleochemical Co., Ltd., Jiangxi Longwell Industrial Co., Ltd., Kraton Corporation, and Jinan Tongfa resin Co., Ltd. Many of such companies getting abide with an agreement with local vendors to support the venture, and emphasis is also given to the productivity increments. 

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Standard Dimer Acid to lead the Global Dimer Acid Market

Global Standard dimer acid consumption is estimated to account for 211,097 MT by end of the forecast period. Consumption of standard dimer acid has been substantially high in Asia Pacific (APAC) recent years. Demand for hydrogenated and distilled dimer acid is also expected to increase at a notable pace because of its antioxidant and antithermal with superior quality specification standard. The product type segment is by estimate projected to deliver faster CAGR as compared to other segments.

Dimer Acid Application to remain focused on Reactive and Non-Reactive Polyamide Resins manufacturing

Based on Application, the non-reactive polyamide resin segment is expected to register 41.7% value share in global dimer acid market by the end of 2017.Dimer acid is an important constituent in preparation of adhesives and inks. Whereas epoxy curing agents and polyurethanes are produced by reactive polyamide variants, growth in construction and end use sectors such as packaging and automotive is also expected to lubricate the Dimer Acid demand during the forecast period.

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Asia Pacific at the Forefront of the Global Dimer Acid Market   

Asia Pacific (APAC) is expected to record the largest value share of the global Dimer acid market, trailed by European and North American market respectively. Swelling demand for Dimer acid in countries such as China and India is backing the prospects of the market in the region. In addition, China will continue leading In APAC Dimer acid market through the  forecast period. The growth of various end-use industries in other Asian countries is also a forecast for demand for dimer acid in the region.