Dimer acids which are also known as dimerized fatty acids belong to the group of dicarboxylic acids. Dimer acids are viscous fluids that are transparent and non-toxic in nature. Dimer acids are manufactured by dimerizing unsaturated fatty acids that are obtained from oleic acid, canola oil, tallow, cottonseed, tall oil and rapeseed among others. Dimer acids are widely used to synthesize polyamide resins and hot melt adhesives. Dimer acid-based polyamide resins have varied properties which makes them either reactive or non-reactive in nature. Reactive polyamides are primarily used as curing agents for epoxy resins that are generally used in the manufacturing of adhesives and surface coatings. On the other hand, the non reactive polyamides are predominantly used in the manufacturing of printing inks and hot-melt adhesives. Dimer acid-based polyamide resins exhibit physical properties such as heat resistance, cold resistance, film flexibility, fast curing, oil resistance, excellent adhesion and good compatibility among others. Dimer acid-based polyamide resins are widely used as decorative coatings, fabrics, interlining, shoe stretch, fold plastic and Baotou glue.
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Growing economies of developing countries coupled with rising disposable income has boosted the overall demand for residential properties which in turn is expected to augment the overall growth of construction industry. Construction industry is the major application of adhesives and surface coatings. Thus, the growing demand for adhesives and surface coatings from various end-use industries such as construction is expected to drive the overall dimer acid-based polyamide resins market. Dimer acid-based polyamide resins are also mainly consumed in the manufacturing of printing inks. Dimer acid-based polyamide resins exhibit improved freeze thaw characteristics to the printing ink compositions. Thus, the use of dimer acid-based polyamide resins plays a crucial role in improving the overall quality of the printing inks. Thus, growing demand for printing ink is expected to augment the overall growth of dimer acid-based polyamide resins market.
China is the major consumer of dimer acid-based polyamide resins owing to the presence of huge demand for adhesives and surface coatings from construction and automobile applications. North America is expected to be the next largest consumer of dimer acid-based polyamide resins owing to the presence of huge demand for printing inks in the region. The demand for DAB polyamide resins is expected to grow rapidly in Europe owing to the huge demand for surface coatings from the automobile industry present in the region. Rest of Asia Pacific is anticipated to experience huge demand for dimer acid-based polyamide resins owing to the growing construction industry in countries such as India, Japan and Korea present in the region. Rest of the World is expected to exhibit sluggish growth in the demand for dimer acid-based polyamide resins market in the near future.
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Arizona Chemical, Anqing Hongyu Chemical Co., Ltd., The Dow Chemical Company, Jinan Tongfa Resin Co., Ltd. and RITEKS are some of the major participants of the dimer acid-based polyamide resins market. The companies are mainly focused towards achieving economies of scale. Hence, most of the leading players are striving towards increasing their production capacities for manufacturing dimer acid-based polyamide resins market. The companies are also hugely investing in research in order to develop innovative products having superior qualities.
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