Dimer Acid Market

Dimer Acid Market Study by Standard, Distilled, and Distilled & Hydrogenated for Reactive Polyamides, Non-Reactive Polyamides, and Oil Field Chemicals from 2024 to 2034

Analysis of Dimer Acid Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Dimer Acid Market Outlook (2024 to 2034)

A thorough study by Fact.MR projected the global dimer acid market size to expand at a CAGR of 5.1%, and thereby increase from a valuation of US$ 967.2 million in 2024 to US$ 1.59 billion by the end of 2034.

Dimmer acids have been used as a raw material for many different end products since sealants and adhesives gained popularity as a means of assembling disparate parts in a range of end-use industries. When manufacturers realized dimer acid could be useful for making non-VOC materials, the adoption of it accelerated.

Dimer acid is made from renewable and biodegradable raw materials; as a result, its demand is projected to rise at a steady pace globally. Tall oil fatty acids (TOFA) and vegetable oil fatty acids (VOFA), which are present in oils like soybean, rapeseed, and cottonseed, are the primary sources of dimer acid. Dimer acids are also obtained from TOFA. The extensive use of dimer acid in the inks and coatings sector is contributing to market growth.

Key Market Growth Drivers

  • The dimer acid market size is projected to expand steadily as a result of the increased demand for bio-chemicals in a variety of end-use industries.
  • Manufacturers of dimer acid are being compelled to use additives that abide by local regulations as regulatory bodies, such as the Environment Protection Agency (EPA), continue to impose strict guidelines to reduce VOC emissions from products used in industries and household products.
  • While industries move toward using products based on acids derived from renewable raw materials, dimer acid is quickly becoming the preferred material for use in a variety of applications.
  • Oilfield chemicals have a broad range of uses in the extraction and processing of oil and gas as well as in well drilling, refining, and hydraulic fracturing. Important oilfield chemicals such as demulsifiers, wetting agents, surfactants, and corrosion and scale inhibitors use dimer acid as a raw material.
  • Growing number of drilling operations globally to satisfy the excess energy demand is also fueling demand for dimer acids and oilfield chemicals.
  • Dimer acid is being used more often in marine coatings to improve coating performance through acid-based polyamide resins.
  • The food and biofuel industries are placing a heavy demand on vegetable oils like soybean and corn, which is causing a shortage in the resources needed to produce dimer acid.
Report Attribute Detail
Dimer Acid Market Size (2024E) US$ 967.2 Million
Forecasted Market Value (2034F) US$ 1.59 Billion
Global Market Growth Rate (2024 to 2034) 5.1% CAGR
East Asia Market Share (2024E) 25.9%
North America Market Share (2024E) 11.8%
Oil Field Chemicals Segment Value(2024E) US$ 189.6 Million
Key Companies Profiled Oleon NV; Emery Oleochemicals; Aturex Group; Jarchem Industries Inc.; Liancheng Baixin Science; Jiangsu Jinma Oil Technology Development Co., Ltd.; Jiangsu Yonglin Oleochemical Co., Ltd.; Jiangxi Longwell Industrial Co., Ltd.; Jinan Tongfa resin Co., Ltd.; Florachem Corporation; Kraton Corporation.

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What are the Key Factors for Steadily Increasing Sales of Dimer Acids?

“Thermal Stability of Dimer Acids Driving Use in Automotive Lubricants”

Dimer acid is commonly used in the manufacturing of paints, coatings, and other resins. These resins provide increased resistance against changes in the weather, including acid rain, intense heat, and snow. Manufacturers of alkyd resins employ dimer acid primarily for this purpose. Particularly in the building sector, these resins are mostly utilized for synthetic paints and coatings. Alkyd resins are a popular option for both indoor and outdoor applications because of their superior qualities, which include adhesion, gloss, and durability.

Other uses of dimer acid include the creation of lubricants and oil additives. Improved lubricity and thermal stability are a result of dimer acid's high molecular weight and distinct structure. It is the perfect ingredient for industrial and automotive lubricants because of these qualities. Dimer acid is also used as a surfactant in fuel oil, demonstrating its versatility.

Dimer acid also helps in enhancing the combustion efficiency and flow characteristics of fuels. The compound is also used to formulate hot melt resins and adhesives that are used in a variety of manufacturing processes. Market participants have enormous opportunities due to favorable regulations from organizations such as the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH).

What are the Challenges Faced by Dimer Acid Providers?

“Fluctuations in Cost of Raw Materials and Insufficient Consumer Awareness”

The high price of dimer acid is challenging the market's expansion. Furthermore, dimer acid market growth is projected to be impeded by the variable cost of the raw materials used in its production. The global market is impacted by the increasing use of unsaturated fatty acids in the production of biofuels and the lack of raw materials. Insufficient consumer awareness is also posing challenges for overall sales of dimer acids.

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Country-wise Insights

The market is forecasted to grow at a steady rate in North America, driven by the increasing demand for adhesives and coatings, among other products. The increasing infrastructure development activities and growth of the transportation, automotive, energy, and electronics sectors in developing nations such as China and India are projected to drive market expansion in Asia Pacific.

Why are Dimer Acid Producers Bolstering Their Presence in the United States?

“Rising Demand for Crude Oil and Increased Shale Gas Production”

Attribute United States
Market Value (2024E) US$ 86.4 Million
Growth Rate (2024 to 2034) 7% CAGR
Projected Value (2034F) US$ 170.3 Million

The United States holds 75% of the dimer acid market share in North America in 2024. Sales of dimer acids in the country are increasing at a significant pace due to the rising demand for crude oil and the ongoing shale gas production. Distilled and hydrogenated dimer acid is projected to find wide applications in adhesives, lubricants, and paints in the nation.

Which Factors are Conducive for Dimer Acid Providers in China?

“Ever-increasing Construction and Oilfield Drilling Activities”

Attribute China
Market Value (2024E) US$ 136.8 Million
Growth Rate (2024 to 2034) 6.4% CAGR
Projected Value (2034F) US$ 253.6 Million

China is one of the leading manufacturers of specialty chemical manufacturing hubs. The market for dimer acid as a constituent has exhibited significant growth in recent years due to the rising need for building supplies, including paints and coatings, adhesives, and sealants, among other items in the country. China is also a major user of hot-melt adhesive products, due to the increasing demand from the manufacturing sector. This is emerging as one of the key dimer acid market trends.

The country’s growing use of dimer acid is being complemented by an increase in construction and oilfield drilling activities, which presents a wealth of opportunities for market participants. Although dimer acid is quickly taking center stage for a variety of applications, sales are typically restricted by the high cost of hydrogenated and distilled dimer acids.

Category-wise Insights

Alkyd resins, lubricants, polyamide resin, adhesives and elastomers, fuel oil additives, and other applications make up the application segment. Dimer acid is used in the production of alkyd resins, which are primarily used in synthetic paints and coatings and building supplies. Dimer acid is used in reactive polyamides, non-reactive polyamides, and oil field chemicals.

There are three categories in the product type segment: distilled, standard, and distilled & hydrogenated. Distilled dimer acids are principally used in the production of polyamide resins and polyamide hot melt adhesives, which is contributing to the segment's growth.

Why are Dimer Acids Extensively Used in Oil Field Chemical Production?

“Dimer Acid Serving as Demulsifier and Inhibitor of Corrosion and Scale”

Attribute Oil Field Chemicals
Segment Value (2024E) US$ 227.3 Million
Growth Rate (2024 to 2034) 6.2% CAGR
Projected Value (2034F) US$ 410.3 Million

Dimer acid is widely used as a demulsifier, surfactant, wetting agent, and inhibitor of corrosion and scale in oilfield applications. Oilfield chemicals have a broad range of uses in the extraction and processing of oil and gas as well as in drilling, refining, and hydraulic fracturing.

Why are Distilled and Hydrogenated Dimer Acids Utilized as Additives in Metalworking Fluids?

“Distilled and Hydrogenated Dimer Acids Enhancing Corrosion Resistance of Metalworking Fluids”

Tall oil is extracted from coniferous trees and is the source of high-performance fatty acids such as hydrogenated and distilled dimer acids. These acids are perfect for a variety of applications in industries such as adhesives, paints and coatings, lubricants, and surfactants because of their outstanding stability, low viscosity, and high oxidation resistance.

Distilled and hydrogenated dimer acid is a vital component in the manufacture of nylon resins and fibers, improving their mechanical qualities and contributing to the polyamide resin market. It functions as a reactive monomer in synthetic polymer applications, facilitating the creation of high-performance coatings, adhesives, and elastomers. It is used as an additive to metalworking fluid in the metal processing industry to improve lubricity and corrosion resistance. It also finds use in other industries where its special qualities are beneficial, such as the formulation of corrosion inhibitors.

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Competitive Landscape

Key players in the dimer acid market are Oleon NV, Emery Oleochemicals, Aturex Group, Jarchem Industries Inc., Liancheng Baixin Science, Jiangsu Jinma Oil Technology Development Co., Ltd., Jiangsu Yonglin Oleochemical Co., Ltd., Jiangxi Longwell Industrial Co., Ltd., Jinan Tongfa resin Co., Ltd., Florachem Corporation, and Kraton Corporation.

  • With the completion of a US$ 35 million investment, Kraton Corporation, a prominent global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping by-products, upgraded its crude tall oil (CTO) biorefinery towers at its manufacturing facility in Panama City, Florida.

Fact.MR provides detailed information about the price points of key manufacturers of dimer acid positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Dimer Acid Market Research

  • By Product Type :

    • Standard
    • Distilled
    • Distilled & Hydrogenated
  • By Application :

    • Reactive Polyamides
    • Non-Reactive Polyamides
    • Oil Field Chemicals
  • By Region :

    • North America
    • Western Europe
    • Eastern Europe
    • Latin America
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the global dimer acid market?

The global dimer market is set to be valued at US$ 967.2 million in 2024.

What are the forecasts for the market for dimer acid for the decade?

The market for dimer acid is forecasted to expand at 5.1% CAGR and reach US$ 1.59 million by 2034.

Which country has a significant market for dimer acid?

The market in China is expected to be valued at US$ 136.8 million in 2024.

What is the market size of dimer acid in the United States?

The United States is estimated to reach a market value of US$ 86.4 million in 2024.

What are the sales projections from applications in non-reactive polyamides?

Revenue from non-reactive polyamide applications is estimated at US$ 227.3 million in 2024.

What is the market share of Japan in East Asia?

Japan accounts for a market share of 65.9% in East Asia in 2024.

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Dimer Acid Market

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