The global dimeric fatty acid market is expected to grow at a 9.7% CAGR between 2022 and 2032, from USD 703 million to USD 974 billion. Polyamide resins have seen an increase in their number of applications over the last half-decade. Adhesives and various fuel oil additives should follow a similar trend. The use of hot melt adhesives on wood, PVC, metal, surface-treated polypropylene, paper, and polyethylene accelerated market growth. All of the aforementioned applications have a substantial market impact.
Dimerization of tall oil fatty acids produces dimeric fatty acids, also known as di-carboxylic acids, which are non-toxic, bifunctional acids (TOFA). They are clear, light yellow liquids that can help polymers improve their water repellency, hydrolytic stability, and pigment wetting properties. They are widely used in the production of polyamide hot melt adhesives and polyamide resins as a rheology controller or a polymer building block.
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Key Takeaways:
- China is expected to lead the global market with steady increase in production & consumption of dimeric fatty acid.
- Polymer-based hot adhesives are preferred over solvent-based adhesives owing to its solvent-free properties making them environment-friendly.
- Application of dimeric fatty acid in non-reactive polyamides accounted for over 42% revenue share in 2021.
Dimeric fatty acid Market Key Segments
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By Product Type :
- Standard
- Distilled
- Distilled & Hydrogenated
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By Application :
- Reactive Polyamides
- Oil Field Chemicals
- Others
Competitive Landscape
Tier 1 companies account for roughly 32% of the dimeric fatty acid market, according to the study, and the market remains highly fragmented among local players.
Meanwhile, in regional markets for dimeric fatty acids, Tier 2 and 3 manufacturers compete on pricing.
Croda International Plc., a British specialty chemicals firm, announced its ongoing improvement plan in 2018, which includes three significant Latin American investments. As part of its five-year transformation strategy, the corporation has invested in a new innovation and customer experience center as well as a specialized polymer facility in the region.
Oleon NV, a world leader in dimeric fatty acids with headquarters in Belgium, has announced the launch of a new isostearic acid production unit in 2018. The new production line, which will create dimeric fatty acid and isostearic acid, cost the corporation roughly USD 23 million.
Key Players in the Dimeric Fatty Acid Market Include:
- Anqing Hongyu Chemical Co. Ltd.
- Aturex Group
- Croda International Plc.
- Emery Oleochemicals GmbH
- Florachem Corp.
- Jarchem Industries Inc
- Jiangsu Jinma Oil Technology Development Co. Ltd.
- Jiangsu Yonglin Oleochemical Co. Ltd.
- Kraton Corporation
- Liancheng Baixin Science and Technology Co. Ltd.
- Oleon NV
- Shandong Huijin Chemical Co. Ltd.
Key Questions Covered in Dimeric Fatty Acid Market Report
- The report offers insight into the dimeric fatty acid market demand outlook for 2022-2032.
- The market study also highlights projected sales growth for dimeric fatty acid market between 2022 and 2032.
- Dimeric fatty acid market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Dimeric fatty acid market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.