Dimer Fatty Acid Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Dimer Fatty Acid Market is worth US$ 612.4 Mn in 2022. The market value of stainless steel is expected to reach US$ 997.5 Mn by 2032, growing at a CAGR of 5.0% over the forecast period.
Unsaturated fatty acids are dimerized to create dimer acids, also known as dimerized fatty acids, which are dicarboxylic. These unsaturated fatty acids are made from fatty acid feedstock, which includes oils like rapeseed, tall, and fat. A crude dimer is created from elevated oil fatty acid through heat treatment, either with or without the aid of an appropriate catalyst. Due to the reactivity of its di-carboxylic acid, they serve as the foundation for numerous end products.
Dimeric acids, also known as C36 dimer acids, typically contain stearic acids. This dimer acid chemistry can also produce trimeric acid, which is made up of three fatty acid molecules. Dimer acids are translucent, viscous liquids with a pale yellow hue with no hazardous properties.
ChemView Consulting has analyzed that the growing number of drilling operations in various locations to meet the rising energy demand is expected to increase the global market for oilfield chemicals. Due to its easy access to raw materials for the manufacturing of dimer acids, rising demand for the product within the region itself, and general economic growth, Asia Pacific is expected to emerge as the market’s most alluring region during the forecast.
High-quality materials for surface coatings, printing inks, adhesives, and oilfield chemicals are increasingly in demand. High-performance applications often use distilled dimer acid. For this precise reason, sales of purified dimer fatty acids are steadily increasing and growing in popularity.
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Segments Covered in Report
By Product Type:
- Distilled and Hydrogenated
- Oilfield chemical,
- Cosmetics & personal care products,
- Reactive polyamide,
- Non-reactive polyamide,
- Cosmetics industry
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Dimer Fatty Acid Market
- Based on the product type, distilled dimer fatty acid sales are anticipated to grow at a noteworthy 4.4% CAGR from 2022 to 2032. High-quality materials for surface coatings, printing inks, adhesives, and oilfield chemicals are becoming more and more in demand. High-performance applications often use distilled dimer acid. For this precise reason, sales of purified dimer fatty acids are steadily increasing and growing in popularity.
- Based on the application, the reactive polymers are anticipated to have the highest CAGR due to their growing use in marine coatings and construction.
- By 2032, Germany is anticipated to hold a 25.5% market share in Europe for dimer fatty acids. To produce less waste, the nation is heavily spending on research and development for the production process of dimer fatty acids.
Key companies covered in the market study are Key Global Dimer Fatty Acid Market players Kraton Corporation, Croda International Plc., Oleon NV, Jiangsu Yonglin Oleochemical Co., Ltd., Jiangxi Longwell Industrial Co., Ltd, Aturex Group, Shandong Huijin Chemical Co. Ltd.
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- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
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