Rising demand for trimer acid in the manufacturing of polyamide resins, lubricants, and oilfield chemicals drives growth in the market
Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-26402 Format: PDF Pages: 325
Report Highlights
According to a research survey conducted by ChemView Consulting, in Trimer Acid Market is expected to be worth US $ 312.0 Mn in 2023. The market is expected to grow at a CAGR of 4.0% between 2023 and 2033 to hit US $ 461.8 Mn by 2033 end.
Key Market Trends
An Essential Component in the Polymer Industry
Trimer acids are becoming increasingly important in the polymer industry due to their ability to enhance the performance and durability of various materials. Their use in the production of polyamide resins and other high-performance polymers is driving the growth of the trimer acid market.
A Versatile Ingredient in Alkyd Resins
The unique properties of trimer acids make them a versatile ingredient in the production of alkyd resins, which are widely used in coatings, paints, and varnishes. As the demand for high quality and durable finishes continues to rise, trimer acids are expected to experience increased market demand.
Market Drivers
Polyamide Resin Demand: Trimer Acids Boosting the Performance of Synthetic Resins
The growing demand for high performance polyamide resins in various industries, such as automotive, construction, and coatings, has driven the trimer acid market. Trimer acids, derived from the polymerization of unsaturated fatty acids, play a crucial role in the production of polyamide resins, offering enhanced flexibility, adhesion, and hydrolytic stability.
Eco (Friendly Solutions: Trimer Acids Supporting the Shift to Bio based Materials
The increasing focus on environmentally friendly materials and the need for sustainable alternatives to petroleum-based products have fueled the demand for trimer acids. As a renewable resource, trimer acids enable the production of bio (based polyamides, contributing to a lower environmental impact and reduced reliance on fossil fuels.
Segmentation Insights
After conducting a comprehensive analysis of the Trimer Acid Market, we have identified the top three most popular and trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.
Most Popular (Fastest Growth Rate)
Standard Trimer Acid
Standard Trimer Acid has emerged as the most popular type of trimer acid in the market. This is due to its versatility, affordability, and wide range of applications. Standard Trimer Acid is used extensively in the production of non-reactive polyamide resin, viscosity modifiers, corrosion inhibitors, and reactive polyamides resin, catering to a diverse range of end users such as adhesives & sealants, drilling fluid, printing inks, and surface coatings.
Most Selling (Largest Market Share)
Reactive Polyamides
Resin Reactive Polyamides Resin is the most selling application of trimer acid in the market. This resin is widely used in the production of adhesives and sealants due to its excellent bonding properties, high chemical resistance, and excellent durability. As the demand for high performance adhesives and sealants continues to grow, Reactive Polyamides Resin is becoming an increasingly popular choice among end users.
Trending (Gaining Traction)
Distilled & Hydrogenated Trimer Acid
Distilled & Hydrogenated Trimer Acid is a trending segment in the Trimer Acid Market, driven by its superior quality and performance characteristics. This type of trimer acid is widely used in the production of surface coatings, where its superior adhesion properties and excellent resistance to weathering and corrosion make it a popular choice among end users. As the demand for high performance surface coatings continues to grow, Distilled & Hydrogenated Trimer Acid is poised to become a significant player in the market.
Regional Insights
A Dominant Market with High Demand in Polymer Production
The Asia Pacific trimer acid market is a dominant market with high demand in polymer production, including polyamide resins, polyurethane foams, and alkyd resins. Countries like China, India, and Japan lead the market with their advanced manufacturing capabilities and increasing production capacities, making the Asia-Pacific region a key player in the global trimer acid industry.
A Growing Market with Expanding Applications in Adhesive and Coating Industry
The North American market, including countries like the United States and Canada, is witnessing growth in the trimer acid market due to its expanding applications in the adhesive and coating industry. The increasing focus on product development and the cost-competitive advantages of the region make North America an attractive market for trimer acid manufacturers and investors.
Research Scope/Taxonomy
Market Analysis by Type:
Market Analysis by Application:
Market Analysis by End Use:
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & ResearchPurity
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Type W.R.T. Application
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Application Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Purity Landscape
10.1. Introduction
10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.2.1. Standard Trimer Acid
10.2.2. Distilled Trimer Acid
10.2.3. Distilled & Hydrogenated Trimer Acid
10.3. Market Attractiveness Analysis by Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Non-Reactive Polyamide Resin
11.2.2. Viscosity Modifiers
11.2.3. Corrosion Inhibitor
11.2.4. Reactive Polyamides Resin
11.3. Market Attractiveness Analysis by Application
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use [Value (US$ Mn) and Volume (Tons) Analysis]
12.2.1. Adhesives & Sealants
12.2.2. Drilling Fluid
12.2.3. Printing Inks
12.2.4. Surface Coatings
12.3. Market Attractiveness Analysis by End-Use
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. North America
13.3.2. Latin America
13.3.3. Europe
13.3.4. Asia-Pacific
13.3.5. Middle East
13.3.6. Africa
13.4. Market Attractiveness Analysis by Region
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. U.S.
14.3.1.2. Canada
14.3.2. ByType
14.3.3. By Application
14.3.4. By End-Use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. ByType
14.4.3. By Application
14.4.4. By End-Use
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. Rest of Latin America
15.3.2. ByType
15.3.3. By Application
15.3.4. By End-Use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. ByType
15.4.3. By Application
15.4.4. By End-Use
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. Germany
16.3.1.2. Italy
16.3.1.3. France
16.3.1.4. UK
16.3.1.5. Spain
16.3.1.6. Netherlands
16.3.1.7. Norway
16.3.1.8. Russia
16.3.1.9. Rest of Europe
16.3.2. ByType
16.3.3. By Application
16.3.4. By End-Use
16.4. Market Attractiveness Analysis
16.4.1. ByType
16.4.2. By Type
16.4.3. By Application
16.4.4. By End-Use
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.1.4. India
17.3.1.5. Indonesia
17.3.1.6. Thailand
17.3.1.7. Vietnam
17.3.1.8. Australia & New Zealand
17.3.1.9. Rest of Asia-Pacific
17.3.2. ByType
17.3.3. By Application
17.3.4. By End-Use
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. ByType
17.4.3. By Application
17.4.4. By End-Use
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. Saudi Arabia
18.4.1.2. Turkey
18.4.1.3. U.A.E.
18.4.1.4. Rest of the Middle East
18.4.2. ByType
18.4.3. By Application
18.4.4. By End-Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. ByType
18.5.3. By Application
18.5.4. By End-Use
19.1. Introduction
19.2. Key Market Trends
19.3. Pricing Analysis
19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.4.1. By Country
19.4.1.1. South Africa
19.4.1.2. Nigeria
19.4.1.3. Egypt
19.4.1.4. Rest of Africa
19.4.2. ByType
19.4.3. By Application
19.4.4. By End-Use
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. ByType
19.5.3. By Application
19.5.4. By End-Use
20.1. Tier Structure Breakdown
20.2. Market Share Analysis
20.3. ion Capacity Analysis
20.4. Company Footprint Analysis
20.4.1. Footprint of Players
20.4.2. Regional Footprint of Players
20.4.3. Channel Footprint of Players
20.5. Brand Preference Analysis
20.6. Competition Dashboard
21.1. Kraton Corporation.
21.1.1. Company Overview
21.1.2. & Financial Portfolio
21.1.3. Manufacturing Facilities
21.1.4. Recent Developments
21.1.5. SWOT Analysis
21.1.6. Strategy Overview
21.2. Liancheng baixin science and technology Co., Ltd
21.3. Alfa Chemical Corporation
21.4. Soofi Enterprises
21.5. Spectrum Chemical Mfg. Corp
21.6. Riteks
21.7. Croda lubricants
21.8. Fujian Zhongde Energy Co., Ltd.
21.9. Univar USA Inc.