NEW YORK--(BUSINESS WIRE)--Driven mainly by wide ranging applications, the global dimer acid market will report a healthy 6.2% CAGR between 2015 and 2021, says a recent study by Persistence Market Research. The global dimer acid market is expected to rise to US$705.8 Million by 2021. The findings of the study are detailed in the report titled Global Market Study on Dimer Acid: Distilled and Hydrogenated Segment to Witness High Growth by 2021.
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The applications of dimer acid are many and wide ranging. They are used in paints and coatings, adhesives, and oilfield chemicals. This will help keep up a sustained demand for dimer acid through the report’s forecast period. Although the dimer acid market is forecast to have a positive outlook over the next six years, prices of dimer acid are heavily influenced by the current vegetable oil prices. Since vegetable oil prices tend to fluctuate, the prices for dimer acid could also be prone to fluctuations in the coming years.
The report assesses the global dimer acid market based on product type, applications, and geographical regions. By product, the global dimer acid market is segmented into distilled, standard, and distilled and hydrogenated. Using applications as a criterion, the global dimer acid market is segmented into oilfield chemicals, non-reactive polyamides, reactive polyamides, and others.
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Likewise, by region, the market is segmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Asia Pacific is forecast to be the most attractive regional market over the report’s forecast period, with a CAGR of 7.3%.
Companies profiled in the report include: BASF SE, Oleon NV, Arizona Chemicals Company, LLC, Croda International Plc, Jiangsu Yonglin Oleochemical Co., Ltd., and Shandong Huijin Chemical Co. Ltd.
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Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across every major industry and its verticals.