Trimer Acid Market

Trimer Acid Market By Type, Application, End-Use & Regional – Forecast 2023 – 2033

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.

Report Includes

Research Scope/Taxonomy
Market Analysis by Type:

  • Standard Trimer Acid
  • Distilled Trimer Acid
  • Distilled & Hydrogenated Trimer Acid

Market Analysis by Application:

  • Non-Reactive Polyamide Resin
  • Viscosity Modifiers
  • Corrosion Inhibitor
  • Reactive Polyamides Resin

Market Analysis by End Use:

  • Adhesives & Sealants
  • Drilling Fluid
  • Printing Inks
  • Surface Coatings

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • Kraton Corporation
  • Liancheng baixin science and technology Co., Ltd
  • Alfa Chemical Corporation
  • Soofi Enterprises
  • Spectrum Chemical Mfg. Corp
  • Riteks
  • Croda lubricants
  • Fujian Zhongde Energy Co., Ltd.
  • Univar USA Inc.

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 U.S. 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 Brazil Mexico 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 Germany Italy France UK Spain Netherlands Norway Russia 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 China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand 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 Saudi Arabia Turkey U.A.E. 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 South Africa Nigeria Egypt 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.