APAC dimer acid market is predicted to cross $851 million mark by end of 2023 and register CAGR of more than 6.51% during forecast timeline.
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As per a recent industry report put forward by Global Market Insights Inc., Dimer Acid Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 2.2 billion by 2023 with a projected CAGR of 6.5% over 2016-2023.
Rise in demand for dimer acid polyamide resin due to increasing construction activities can favorably affect the industry. Further, rapid modernization and economic development along with high expenditure on infrastructure in most of the countries is predicted to fuel industry growth. In addition to this, growth in production sectors like chemical sector, electronics sector, automotive sector and metal foundry sector can propel product demand.Oilfield chemicals are extensively utilized in activities like refining, well drilling and hydraulic fracturing. Many of these chemicals are used as surfactants, lubricants and corrosion inhibitors. Increasing rate of drilling activities carried out globally to fulfill rising power requirements are predicted to propel oilfield chemicals demand that can promote dimer acid market growth.
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Alternate means used to obtain energy as compared to traditional transportation fuels like LPG(liquefied petroleum gas), gasoline and diesel is a key aspect promoting natural gas mining activities. Growing natural gas mining events are predicted to favorably affect industry growth. Key raw substances utilized in producing dimer acid are soy oil, tall oil, cotton oil, rapeseed oil and sunflower oil. Low supply of any of these substances can hinder dimer acid market price trends.
The industry is segmented into various dimer acid application like oilfield chemical application, reactive polyamide resin application and nonreactive polyamide resin application. Oilfield chemical segment is predicted to cross $360 million mark by end of 2023 and predicted to register CAGR of more than 6.5%. These chemicals are widely used in gas extraction. Rising shale gas discovery and output in countries like China and U.S. can drive dimer acid market demand.
Reactive polyamide resin segment is predicted to register CAGR of more than 6.5% in revenue terms and witness maximum monetary gains. Rising demand for surface coatings & adhesives in construction and marine sector can stimulate segment demand.
Global industry is segmented into key geographical regions like North America, Europe, APAC, MEA and Latin America. North America dimer acid market dominated the global industry by contributing more than $300 million for 2015 . The regional industry growth can be contributed to rapid expansion of U.S. construction sector. Further, growing infrastructure sector and favorable government policies are few of the aspects predicted to promote demand for adhesives and masonry & epoxy coating agents. This can further enhance the regional industry demand.
Browse key industry insights spread across 70 pages with 48 market data tables & 18 figures & charts from the report, “Dimer Acid Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/dimer-acid-market
APAC dimer acid market is predicted to cross $851 million mark by end of 2023 and register CAGR of more than 6.51% during forecast timeline. Rising urbanization along with increasing industrialization in countries like India and China can promote polyamide resin demand and boost industry growth in the region.
Key industry players profiled in the report include Croda International, Emery Oleochemicals, Jarchem Innovative Ingredients, Harima Chemicals, Anqing Hongyu Chemical Company Limited, Jiangsu Yonglin Oleochemical Company Limited, Novepha Company Limited, BASF, Arizona Chemicals, Aturex Group, Liancheng Baixin Science & Technology Company Limited, Shangdong Huijin Chemical Company Limited, Florachem Corporation, Jiangxi Yichun Yuanda Chemical Company Limited, Oleon N.V and Nissan Chemical America Corporation.
Glimpse of Table of Content (ToC)
Chapter 4. Dimer Acid Industry Application Insights
4.1. Global dimer acid market share by application, 2015 & 2023
4.2. Nonreactive polyamide resins
4.2.1. Market estimates and forecast, 2012 – 2023
4.2.2. Market estimates and forecast, by region, 2012 – 2023
4.3. Reactive polyamide resins
4.3.1. Market estimates and forecast, 2012 – 2023
4.3.2. Market estimates and forecast, by region, 2012 – 2023
4.4. Oilfield chemicals
4.4.1. Market estimates and forecast, 2012 – 2023
4.4.2. Market estimates and forecast, by region, 2012 – 2023
4.5. Others
4.5.1. Market estimates and forecast, 2012 – 2023
4.5.2. Market estimates and forecast, by region, 2012 – 2023
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/dimer-acid-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source URL: https://marketersmedia.com/65-growth-for-dimer-acid-market-by-2023-global-revenue-to-reach-22bn/88926878
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Release ID: 88926878
