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Europe Dimer Acid Market Is Anticipated to Register A CAGR Of 6% Over 2019-2023

Author : Ronak Bora | Published Date : 2019-08-08 

Europe dimer acid market is expected to record a CAGR of 6% over the period of 2016-2023. The growth can be attributed to rapidly expanding end use industries across this region. For instance, quantitative easing strategy adopted by European Central Bank for financing private sectors is likely to boost the growth of end-use sectors such as transport, plastics, construction, and energy. UK and Germany are projected to contribute substantially towards the regional share.

North America dimer acid market price worth USD 300 million in 2015, is projected to witness a substantial growth over the coming seven years. The regional growth can be credited to rapid infrastructure development along with supportive government policies favoring the use of epoxy, masonry coatings, and adhesives in the construction sector. U.S. market revenue worth USD 200 million in 2015, is expected to register highest growth rates at 6% over 2016-2023.

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Asia Pacific dimer acid market size is expected to surpass USD 850 million by 2023 owing to growing urbanization, industrialization, and high demand for polyamide resins. India and China are predicted to be the major revenue generators for APAC industry.

Polyamide resin consumption due to strong construction spending particularly in BRICS nations may drive product demand. Nonreactive polyamide resins dominated the application landscape by accounting over 40% of global dimer acid market share in 2015. Strong solvent demand from adhesives and printing inks will drive non-reactive polyamide resin applications.

Reactive polyamide resin may witness highest gains at 4.6% CAGR. Rapidly increasing surface coatings and adhesive demand from construction &marine industry may propel dimer acid market size for reactive polyamide resins.

Global dimer acid market share is moderately consolidated with major industry players contributing over 35% of global industry demand. Major companies include Croda, Arizona Chemicals, BASF and Oleon. Major companies are actively involved in M&A and joint venture agreements with small scale producers in order to strengthen their market presence. Emergence of large number of dimer acid producers in China may further increase competitiveness among market participants.

Growing demand for polyamide resins owing to rise in expenditure on construction activities is predicted to favorably affect global dimer acid market size over the coming years. According to Global Market Insights, Inc., “Dimer Acid industry size is predicted to reach USD 2.2 billion by 2023.” EPA and REACH norms favoring the use of dimer acid in various sectors owing to its non-toxic nature is expected to boost the global industry trends over the coming years.

Glimpse of Table of Content (ToC)

Chapter 3. Dimer acid Market Insights

3.1. Dimer acid Market segmentation

3.2. Dimer acid Market Size and forecast, 2012 - 2023

3.3. Dimer acid Market ecosystem analysis

3.4. Industry Impact forces

3.4.1. Growth drivers

3.4.1.1. Increasing construction spending

3.4.1.2. Rising oilfield chemicals demand

3.4.2. Industry pitfalls & challenges

3.4.2.1. Fluctuating raw material prices.

3.5. Growth potential analysis

3.6. Porter's analysis

3.7 Company market share analysis, 2015

3.8. PESTEL analysis

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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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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