The market is expected to generate an incremental $ opportunity of US$ 1,559.1 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00218 Format: PDF Pages: 300
Global Dimer Acid-Based (DAB) Polyamide Resins Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Dimer Acid-Based (DAB) Polyamide Resins Market was worth US$ 1,742.3 Mn and is expected to grow at a CAGR of 6.6% over the forecast period. While the historical CAGR is 5.2%, the market is expected to hit US$ 3,301.4 Mn by 2032 end.
The class of dicarboxylic acids includes dimer acids, commonly referred to as dimerized fatty acids. Transparent, viscous, and non-toxic substances are known as dimer acids. Unsaturated fatty acids obtained from sources such as oleic acid, canola oil, tallow, cottonseed, and rapeseed are dimerized to create dimer acids.
Hot melt adhesives and polyamide resins are both synthesized using dimer acids. Polyamide resins based on dimer acids have a variety of characteristics that either make them reactive or non-reactive by nature. Epoxy resins, typically utilized in producing adhesives and surface coatings, are usually cured by reactive polyamides.
DEMAND FOR ADHESIVES AND SURFACE COATINGS IS DRIVING THE DIMER ACID-BASED POLYAMIDE RESINS MARKET
Growing disposable income and the expanding economies of developing nations have increased the demand for residential real estate, which is predicted to further the industry’s overall expansion.
The main field in which adhesives and surface coatings are used in construction. As a result, the market for dimer acid-based polyamide resins is anticipated to be driven by the rising demand for adhesives and surface coatings from various end-use sectors, including construction.
The production of printing inks also primarily uses polyamide resins based on dimer acids. Dimer Acid-Based (DAB) Polyamide Resins are becoming more and more in demand as a result of applications for them in decorative coatings, fabrics, interlining, shoe stretch, fold plastic, and Baotou glue on a global scale.
HIGH RAW MATERIAL COSTS RESTRAIN THE MARKET GROWTH
A significant obstacle for the market for dimer acid-based (DAB) polyamide resins is high raw material costs. Dimer acid and hexamethylenediamine are the main ingredients used to manufacture DAB polyamide resins. Dimer acid, made from petroleum, is a crucial feedstock for manufacturing DAB polyamide resins. Dimer acid’s price is unstable and based on crude oil’s cost. Dimer acid and crude oil prices are directly related to the cost of DAB polyamide resins.
Another essential raw element used in creating DAB polyamide resins is hexamethylenediamine. It is made from ammonia and is also a component in nylon 6,6 manufacturing. Hexamethylenediamine’s pricing is also unstable and is influenced by the cost of ammonia and natural gas.
Market Segments Covered in Report
By Region and Country:
Where are Alcohol-Soluble Dimer Acid-Based (DAB) Polyamide Resins used?
DAB polyamide resins soluble in alcohol, acetone, and methyl ethyl ketone are made of organic solvents. Silk screen printing applications or water-based fabric treatments can both use alcohol-soluble DABS.
Why are Decorative Coatings expected to witness a high growth rate?
Decorative coatings are anticipated to use dimer acid-based (DAB) polyamide resins at a high pace of growth throughout the forecast period. The demand for these products in this application among end users is driven by their excellent qualities, such as color retention, gloss retention, quicker drying time, and high compatibility with other binders.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
The market for Dimer Acid-Based (DAB) Polyamide Resins is competitive globally, with manufacturers holding a small percentage of the industry.
A list of some of the key suppliers present in the market are:
Global Dimer Acid-Based (DAB) Polyamide Resins Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|