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Dimer Acid-Based (DAB) Polyamide Resins Market

Dimer Acid-Based (DAB) Polyamide Resins Market By Type (Benzene-Soluble DAB Polyamide Resins, Alcohol-Soluble DAB Polyamide Resins), Application (DAB Polyamide Resins for Decorative Coatings, DAB Polyamide Resins for Fabrics, DAB Polyamide Resins for Interlining, DAB Polyamide Resins for Shoe Stretch) & Region - Forecast 2022 - 2032

Market Insights on Dimer Acid-Based (DAB) Polyamide Resins covering sales outlook, demand forecast & up-to-date key trends

Dimer Acid-Based (DAB) Polyamide Resins Market Overview

The global market for dimer acid-based polyamide resins is expected to be valued at US$ 2.5 Billion in 2022, anticipated to flourish at a CAGR of 7% to reach US$ 5 Billion by the end of the 2022-2032 forecast period.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 2 Billion

Expected Market Value (2022)

US$ 2.5 Billion

Projected Forecast Value (2032)

US$ 5 Billion

Growth Rate (2022-2032)

7% CAGR

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 make 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. These factors are likely to have a positive impact on the sales of dimer acid-based polyamide resins globally.

Which are Some Prominent Drivers Spearheading Dimer Acid-based Polyamide Resins Market Growth?

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 the construction industry.

The 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. The growth of the market can be attributed to the increasing demand for Dimer Acid-Based (DAB) Polyamide Resins owing to the Decorative Coatings, Fabrics, Interlining, Shoe Stretch, Fold Plastic, Baotou Glue Applications across the global level. These products offer exceptional bond strength to the substrate with high abrasion resistance.

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What are the Challenges Faced by the Dimer Acid-based Polyamide Resins Industry?

Although dimer acid-based polyamide resins are extensively used in several end-use industries, they tag along with a few drawbacks as well which hinder the market growth. These polyamide resins are typically produced through the polymerization (dimerization) of tall oil fatty acids (TOFA) using clays as catalysts.

Though this technology is well developed and competent, the drawback is that the clay catalysts cannot be recycled, producing substantial amounts of hazardous waste. Additionally, these products consist of a complex mixture of dimer acids, trimer acids, and polymeric acids. This intricacy has limited the ability to carefully evaluate their chemical structures. 

Why is Asia-Pacific Emerging as an Opportunistic Dimer Acid-based Polyamide Resins Market?

Reactive polyamides are primarily used as curing agents for epoxy resins that are generally used in the manufacturing of adhesives and surface coatings. The demand for decorative coatings is soaring at a faster pace in Asian countries especially China & India. Furthermore, the APAC decorative paints & coatings market is anticipated to expand at an impressive pace, which will further generate demand for dimer acid-based polyamide resins.

Economic growth, stringent environmental directives, increasing investment in infrastructure, and swelling demand for green and environment-friendly coatings in the Asia-Pacific region are contributing to decorative paint and coatings market growth.  China is the chief consumer of dimer acid-based polyamide resins due to the presence of enormous demand for adhesives and surface coatings from construction and automobile applications.

Nikhil Kaitwade
Principal Consultant
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How is Europe Contributing to the Growth of the Dimer acid-based polyamide resins market?

The largest industrial use for dimer acid polyamide resins is in the manufacturing of dimer-based curable inks, varnishes, and lacquers for lithographic offset printing. In the current scenario, the total demand for printing inks is increasing substantially in various Eastern European countries.

Owing to the huge demand for surface coatings from the automobile industry present, it is expected to gain momentum in the region. Along with this, Europe is a robust apparel market with incessant growth and is home to some of the world’s biggest and most prominent apparel companies. Considering these factors, the region is likely to exhibit immense growth potential in the forthcoming future.

Why is North America likely to hold a Significant Share in the Dimer Acid-Based Polyamide Resins Market?

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. 

North America captured a significant share in the global dimer acid-based polyamide resins market due to growing demand from end-use industries such as automotive and construction. The province has been observing bigger investments for expansion activities by key players which are likely to propel the market growth during the forecast period.

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Market Competition

Some of the key participants present in the global demand of Dimer acid-based polyamide resins market include Arizona Chemical, Anqing Hongyu Chemical Co., Ltd., The Dow Chemical Company, Jinan Tongfa Resin Co., Ltd. and RITEKS, among others. 

The Dow Chemical Company; a prominent player in the DAB market is constantly working in delivering energy efficiency, providing food-grade products, fire resistance, and multi-functional ingredients for lubricant formulators with polyalkylene glycol (PAG) lubricants, base stocks, and performance additives.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 7% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Segments Covered in the Dimer Acid-based (DAB) Polyamide Resins Report

Type:

  • Benzene-Soluble DAB Polyamide Resins
  • Alcohol-Soluble DAB Polyamide Resins

Application:

  • DAB Polyamide Resins for Decorative Coatings
  • DAB Polyamide Resins for Fabrics
  • DAB Polyamide Resins for Interlining
  • DAB Polyamide Resins for Shoe Stretch
  • DAB Polyamide Resins for Fold Plastic
  • DAB Polyamide Resins for Baotou Glue

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

According to FMI, sales of dimer acid-based polyamide resins are expected to grow at a CAGR of 7% until 2032

Demand for dimer acid-based polyamide resins are expected to make significant gains in the Asia-Pacific market

Arizona Chemical, Anqing Hongyu Chemical Co., Ltd. and The Dow Chemical Company are some major dimer acid-based polyamide resins manufacturers

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Nikhil Kaitwade
Principal Consultant
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Dimer Acid-Based (DAB) Polyamide Resins Market