Dimer acid market share is predicted to grow due to increased building activity

 Dimer Acid Market size surpassed USD 1.35 billion in 2015 and may expect gains at over 6.5% from 2016 to 2023.


Dimer acid market share is predicted to grow due to increased building activity and supported government attempts to liberalise infrastructure spending. Due to increasing urbanisation trends, which has allowed the demand for better commercial and residential infrastructure, India, China, Thailand, and Malaysia are likely to rise rapidly over the forecast period.They are frequently employed in the building industry in the manufacture of paints and coatings due to their resistance to environmental subspecialties such as acid rain and snow, and their compatibility with a variety of architectural styles may boost market growth.
 

The substance is widely utilised in the production of thermally stable coatings for application in a variety of industries, including automobiles, construction, and electronics. Due to rising severe rules for high quality and customer-centric safe products, its chemically inert and low hazardous characteristics makes it a feasible choice for manufacturers.


They are made from unsaturated fatty acids such as oleic acid, canola oil, cotton seed oil, or tall oil, and are also known as dimerized fatty acids. Polyamide hot melt adhesives, alkyd resins, surfactants, lubricants, and fuel oil additives are all made with them. Manufacturers like it because of its benign nature, economic feasibility, and ease of availability. It's used in a variety of industries, including adhesives, oil and gas, and lubricants, due to its chemical and thermal stability, which might boost dimer acid market worth.
 

Due to the increasing availability of synthetic and more economically viable alternatives such as mineral turpentine and zinc oxide, rising demand for alternative products may stymie industrial expansion.Manufacturers are investing in creating unique production processes that are cost-effective when compared to synthetic products, have low toxicity, and have superior chemical stability across a wide temperature range, which could help them gain market share.

Competitive Market Share

Croda International, Aturex Group, Harima Chemicals, Novepha Company, Florachem Corp., Jiangsu Yonglin Oleochemicals, Okleon N.V, BASF, and Liancheng Baixin Science & Technology are among the leading industry companies engaged in product development under strict environmental laws.To combat drawbacks and expand regional presence, manufacturers are investing in developing unique and economically viable production procedures.
 

Industry Background

Dimer acids are a type of dicarboxylic acid that is produced by dimerizing fatty acids. It's the process of two or more molecules joining together to generate a new chemical. They are non-toxic and have a yellow, viscous look. They are either non-reactive or reactive in nature.They're commonly used as curing agents for resins used in the production of paints and industrial adhesives. They're also used to make hot melt glue, printing inks, gasoline additives, surfactants, and lubricants, among other things.

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