Dimer Acid Market Trends, Research Analysis & Forecast by 2023.

Dimer acid is recognized to have no toxic effect on human and animal. Favorable regulations by REACH and EPA may support global market. One of the major issues faced by market participants is the low biodegrading rate of the product.

Global Dimer Acid Market is expected to boom over the years with the growing economy and rapid urbanization in China, Brazil, India, South Africa, Russia, and Mexico. Rise in infrastructure spending with increasing construction projects such as commercial buildings, hydropower, roads & highways, residential real estate will drive the dimer acid industry. Increase in polyamide resin demand due to growing infrastructural activities will positively influence the dimer acid industry share.

Furthermore, rising crude oil production activities have propelled the demand for specialty oilfield chemicals. Oilfield chemicals are widely used in refining, well drilling, and hydraulic fracturing which will further augment the dimer acid market. As per Global Market Insights, Inc., “Dimer Acid Market size is estimated to witness a CAGR of 4% over the period of 2016-2023.”

Request for a sample of this research report @  https://www.fractovia.org/request-sample/150

Based on applications, the dimer acid industry is segmented into reactive polyamide resins, nonreactive polyamide resins, oilfield chemicals sector. Non-reactive polyamide resins application worth over USD 560 million in 2015 is anticipated to witness substantial growth over the coming years. Reactive polyamide resins application is projected to register a CAGR of 6.5% in terms of revenue. Growing marine and construction industry will generate demand for surface coatings & adhesives, thereby boosting the dimer acid market size. Oilfield chemicals application market is anticipated to surpass USD 360 million by 2023, owing to increasing shale gas exploration mainly in China and U.S.

Asia Pacific to witness high growth potential over the coming six years

Geographically, North America dimer acid industry share worth USD 300 million in 2015 is expected to witness substantial gains over the coming years. The regional growth is primarily led by U.S. which is anticipated to register a CAGR over 6% over the period of 2016-2023. Rising infrastructure industry subject to government initiatives regarding epoxy & adhesives demand will propel the regional growth.

Europe dimer acid market is predicted to grow at a CAGR of 6% CAGR in terms of revenue. Germany and U.K. will be the prominent regions leading the region. The attributing factor of the market growth is the growing oil & gas industry.

Browse key industry insights spread across 70 pages with 48 market data tables & 18 figures & charts from the report, “Dimer Acid Market Size By Application (Nonreactive Polyamide Resins, Reactive Polyamide Resins, Oilfield Chemicals), Industry Analysis Report, Regional Outlook (U.S, Germany, UK, China, India), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/dimer-acid-market

Asia Pacific dimer acid industry size is expected to exceed USD 850 million by 2023. Increasing industrialization and urbanization mainly in India and China will drive the regional demand over the coming six years. In 2015, construction spending in China & India was worth USD 1.7 trillion and USD 421 billion respectively. This factor will generate dimer acid demand thus surging the global industry outlook.

 

About Fractovia

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

%d bloggers like this: