These are the acids that are produced by dimerising the unsaturated fatty acids into decarboxylic acids. The unsaturated fatty acids used in the process, as mentioned above, usually come from tall oil found in clay catalysts. This dimer acid is mainly used for the production of polyamide resins and polyamide hot melt adhesives.
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Dimer Acid from Soya Fatty Acids:
There are different types of fatty acids present in the oil extracted from soybean. It is proven that soybean oil has five fatty acids that can be converted into dimer acid through dimerisation.
Use of Dimer acids:
- Dimer acids are mainly used to produce polyamide resins and polyamide hot melt adhesives.
- Dimer acid is also used as lubricants in different ways. This is another primary use of dimer acid that has given significant growth to the market of dimer acids.
- Dimer acid can also be used as fuel oil additives, surfactants etc.
These uses look unessential, but these day to day uses are crucial. Increased use of dimer acid in all those industries has resulted in extensive growth of dimer acid market.
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Market Scenario of Dimer Acid:
Due to the increase of dimer acid uses in different fields, the market size has grown globally. The global market size of dimer acid was around 1.31 billion US dollars in the year 2015.
Increased demand for polyamide resins and hot melt adhesives has become a key driver in the global market’s increasing size for dimer acid.
Different developing regions like Asia Pacific, south and Central America have witnessed growth in dimer acid market size to a great extent. Urbanisation in different countries like China, Russia, India, Brazil, has accelerated the need for better living and infrastructure and has increased the demand for dimer acid.
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Data for the Usages of Dimer Acid:
As mentioned above, dimer acid is mainly used to produce polyamide resins and adhesives. Reactive polyamides are the largest application segment when it comes to the application of dimer acid.
The production has been estimated to be 190-kilo tons in the year 2015. The production polyamide resins are expected to experience a CAGR growth rate of 4.3% in the forecasting period of 2016 to 2024.
Non-reactive polyamide resins are also expected to see considerable growth over the years. The growth is expected due to the increase in the use of dimer acid in different industrial solvents. This non-reactive polyamide resins constitute 40% of the total market volume. The non-reactive polyamide resins market is expected to grow at a CAGR growth rate of 4% from 2016 to 2024.
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Regional Overview of the Market of Dimer Acids:
The Asia Pacific region dominates in the market of dimer acid. Production of Asia Pacific region constitutes one-third of the total volume production worldwide in 2015.
Also, during the forecasting period of 2016 to 2024, the Asia Pacific region is expected to dominate over all other regions globally when it comes to the dimer acid market.
Competition in the Market of Dimer Acid:
Global Market of dimer acid is competitive and challenging. Because four main companies account for 45% of the total volume production worldwide, it becomes difficult for small businesses to increase the demand for their products.
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Conclusion:
The higher the demand, the higher will be the production. Increased use of dimer acid has resulted in increased demand and hence the expansion of market size.
NPCS do detailed study and analysis of the market of dimer acid. The project report will tell you about demands, production, and the profit of the market in detail. You can rely on that for detailed knowledge.
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