Hydrogenated Dimer Acid Market size is poised to cross USD 4 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of hydrogenated dimer acid was around USD 1 Billion. Hot melt adhesives are becoming more and more popular, and this is one of the key drivers anticipated to propel the market for hydrogenated dimer acids. An excellent material for the manufacture of polyamide hot melt adhesives is hydrogenated dimer acid.
Hydrogenated dimer acid is being used to synthesize polyamide resins. As reactive polyamide is used as a curing agent for molded resin, marine coating, thermosetting surface coating, adhesives, potting materials & lining, heavy-duty coating, and others. Moreover, non-reactive polyamide is also used for printing inks and producing hot melt adhesives. Thus, the high demand for these products is projected to increase the need for hydrogenated dimer acid in the next few years.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 1 Billion |
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Forecast Year Market Size (2035) |
~ USD 4 Billion |
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Regional Scope |
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End Use Industry (Construction, Packaging, Oil & Gas, Cosmetics, Chemical, Automobile)
The construction segment in the hydrogenated dimer acid market is estimated to hold the largest revenue share of 36 % by the end of 2035. The growth of the segment can be accounted to the rising demand for hydrogenated dimer acid in the construction sector since it comprises all the necessary polymers. It was noticed that in 2021, the market size of the American construction industry was estimated to be over 2 trillion dollars, and in the following year, it is anticipated to grow even more. The rapid growth of the real estate sector, along with massive investments to construct buildings and infrastructures generates the need for hydrogenated dimer acid as it is used for surface coating, paint & inks, adhesives, and sealants in construction processes.
Application (Alkyd Resins, Adhesives, Paint & Coatings, Surfactants, Resins, Fuel Oil)
Hydrogenated dimer acid market from the paints & coatings segment is attributed to holding the most significant share by the end of the forecast period. Hydrogenated dimer acid is used to synthesize polyamide resins that are further used in paints & coatings, especially in protective coating. The rapidly expanding demand for paints and coatings from various end-use industries such as construction, automotive, and others is anticipated to bring lucrative growth opportunities for segment growth
Our in-depth analysis of the global market includes the following segments:
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Type |
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Application |
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End Use Industry |
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APAC Market Forecast
The Asia Pacific market is expected to be the largest with a share of about 32% by the end of 2035. The growth of the market can be ascribed to the rising demand for packaging, mainly food packaging, supported by increasing demand for ready-to-eat meals and online food ordering across the region. As per one of the surveys, by the end of 2033, approximately more than 519 million users in India are estimated to be dependent on the online food ordering system.
North American Market Statistics
The North America hydrogenated dimer acid market is estimated to be the second largest, registering a share of about 25% by the end of 2035. The growth of the market can be attributed majorly to the surging production of vehicles. The auto industry of the United States manufactured around 10 million vehicles in 2022, which included buses, coaches, commercial vehicles, heavy trucks as well as passenger vehicles.
Author Credits: Smruti Ranjan, Rajrani Baghel
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