[250 Pages Report] The global trimer acid market is expected to secure US$ 288.4 Million in 2021, and is expected to reach US$ 299.29 Million in 2022. The market is projected to reach US$ 442 Million by 2032 while recording a CAGR of 4% during the forecast period from 2022 to 2032. Growth of the market is attributed to the increasing demand of adhesives & sealants and synthetic lubricants.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 288.4 Million |
| Expected Market Value (2022) | US$ 299.29 Million |
| Anticipated Forecast Value (2032) | US$ 442 Million |
| Projected Growth Rate (2022-2032) | 4% CAGR |
There has been a surge in the construction chemicals market, which has brought significant gains to the trimer acid market during the forecast period. Aggressive investment of various governments across the globe to develop their infrastructure and construction industry is another vital cause augmenting the market in the coming time. In addition, the rising trend of bio-based adhesives and lubricants is projected to offer various opportunities for growth to the global trimer acid market in the coming time.
In addition, spurring demand for trimer acid for the manufacturing of paints & protective coatings in the building and construction sector has been identified as remunerative factor, bolstering the industry notably. However, a low supply of feedstock for the synthesis of trimer acid is projected to hamper the market growth in the forecast period.
Based on application, the reactive polyamides resin segment is anticipated to gain maximum traction in the assessment period. The rise of the segment can be attributed to the expansion of residential and non-residential construction projects across the globe, principally in developing countries. In addition, the growing application of reactive polyamide resin in the automotive sector, rising paper industry, and replacement of traditional resins by polyamide resins have spiked the segmental growth notably.
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The increasing demand for adhesives & sealants from the building and construction industry is expected to provide a significant boost to the market during the forecast period. The growing population and urbanization in developing countries such as; India, China, Indonesia, Brazil, and Mexico have played a critical role in driving demand for adhesives & sealants, thereby, propelling the trimer acid market in the forecast period. Besides, several applications of adhesives & sealants in the construction industry such as tiling, wallpapers, and exterior insulation systems have made notable contributions in driving the global trimer acid market.
Also, the growing demand for high-performance adhesives is offering new avenues of opportunities for market expansion. For instance, in March 2022, Conagen, a renowned biotechnology innovator, announced the development of highly sought-after debondable hot melt adhesives. It was made of high-performance materials from sustainable and natural bio-molecules. The benefit of high-strength deobondable adhesives benefits various industries. Smartphones and electronics can be repaired easily, and anatomized at the end of their life span without damaging components for recovery.
The trimer acid market is undergoing various changes in terms of rules and standards. For instance, in the EU, The Construction Products Regulation (CPR) implemented new regulations like regulation (EU) No 305/2011 for the marketing of construction products. With the announcement of new regulations, manufacturers have to endure the extra expenses for labeling and paperwork. Moreover, additional external test costs to demonstrate compliance will also have to be paid by the players.
Substance alerts focusing on biocides and waste packaging take place on a daily basis, as a consequence, there are frequent changes in regulatory standards. The trimer acid players, adhesives & sealants manufacturers have to observe the changing rules, which poses a major challenge to the players of the market.
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The analysis reveals that the market in China is projected to record a robust CAGR of 4.5% during the forecast period. China is the world’s largest building market of the world, accounting for 20% of construction investment across the globe.
The output value of construction in China witnessed progressive growth in the industry. Increasing migration and surging household income is expected to propel the demand for residential construction in the country. As of 2020, 60.6% of the total population lived in urban areas, a sharp rise from 17.92% against 1978. Moreover, the increasing value of contracts has propelled the market in China considerably.
In 2018, there was about 50 trillion-yuan worth of contracts signed by the construction organizations in China. The construction segment surpassed 23 trillion yuan that year. In 2019, China Railway Construction Corporation disclosed its value of newly signed contracts for the first time three quarters this year spiked by 25.07% from a year ago to 1.12 trillion yuan.
As per the analysis, the market in the U.S is expected to witness a CAGR of 2% during the review period. The food and beverage sector is the most common end-user of printing inks for labeling and goods packaging, thereby increasing demand for trimer acid.
On the contrary, increasing demand for digital advertisements and e-books, and stringent regulations regarding disposal are anticipated to hamper the market growth in the forecast period. However, players are taking initiatives to develop the ink market, consequently, boosting the trimer acid market in the US. For instance, in May 2021, Epple Druckfarben AG and Zeller+Gmelin GmbH & Co. KG are working together in UV ink technology. Epple will market the brand under the “LightStar” name.
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Key players of the global trimer acid market include 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., among others.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global trimer acid market to expand at a 4% value CAGR by 2032
China is anticipated to be the most lucrative recording a CAGR of 4.5% during the forecast period.
Kraton Corporation, Liancheng baixin science and technology Co., Ltd, among others are some of the eminent names of the market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Trimer Acid Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Source 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Source, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Source, 2022-2032 5.3.1. Canola Based 5.3.2. Tall Oil Fatty Acid 5.4. Y-o-Y Growth Trend Analysis By Source, 2017-2021 5.5. Absolute $ Opportunity Analysis By Source, 2022-2032 Deep-dive segmentation will be available in the sample on request 6. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Function 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Function, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Function, 2022-2032 6.3.1. Rheology Modifier 6.3.2. Polymer Building Block 6.3.3. Viscosity Modifier 6.3.4. Corrosion Inhibitor 6.3.5. Asphalt Binder 6.4. Y-o-Y Growth Trend Analysis By Function, 2017-2021 6.5. Absolute $ Opportunity Analysis By Function, 2022-2032 Deep-dive segmentation will be available in the sample on request 7. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2022-2032 7.3.1. Coating 7.3.2. Adhesive & Sealants 7.3.3. Elastomers 7.3.4. Synthetic Lubricants 7.3.5. Other Applications 7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 7.5. Absolute $ Opportunity Analysis By Application, 2022-2032 Deep-dive segmentation will be available in the sample on request 8. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Source 9.2.3. By Function 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Source 9.3.3. By Function 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Mexico 10.2.1.2. Brazil 10.2.1.3. Rest of Latin America 10.2.2. By Source 10.2.3. By Function 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Source 10.3.3. By Function 10.3.4. By Application 10.4. Key Takeaways 11. Europe Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. U.K. 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Russia 11.2.1.8. Rest of Europe 11.2.2. By Source 11.2.3. By Function 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Source 11.3.3. By Function 11.3.4. By Application 11.4. Key Takeaways 12. East Asia Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Source 12.2.3. By Function 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Source 12.3.3. By Function 12.3.4. By Application 12.4. Key Takeaways 13. South Asia & Pacific Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. Australia and New Zealand 13.2.1.4. Rest of South Asia & Pacific 13.2.2. By Source 13.2.3. By Function 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Source 13.3.3. By Function 13.3.4. By Application 13.4. Key Takeaways 14. MEA Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkey 14.2.1.3. South Africa 14.2.1.4. Rest of MEA 14.2.2. By Source 14.2.3. By Function 14.2.4. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Source 14.3.3. By Function 14.3.4. By Application 14.4. Key Takeaways 15. Key Countries Trimer Acid Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Source 15.1.2.2. By Function 15.1.2.3. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Source 15.2.2.2. By Function 15.2.2.3. By Application 15.3. Mexico 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Source 15.3.2.2. By Function 15.3.2.3. By Application 15.4. Brazil 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Source 15.4.2.2. By Function 15.4.2.3. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Source 15.5.2.2. By Function 15.5.2.3. By Application 15.6. Italy 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Source 15.6.2.2. By Function 15.6.2.3. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Source 15.7.2.2. By Function 15.7.2.3. By Application 15.8. U.K. 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Source 15.8.2.2. By Function 15.8.2.3. By Application 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Source 15.9.2.2. By Function 15.9.2.3. By Application 15.10. BENELUX 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Source 15.10.2.2. By Function 15.10.2.3. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Source 15.11.2.2. By Function 15.11.2.3. By Application 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Source 15.12.2.2. By Function 15.12.2.3. By Application 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Source 15.13.2.2. By Function 15.13.2.3. By Application 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Source 15.14.2.2. By Function 15.14.2.3. By Application 15.15. India 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Source 15.15.2.2. By Function 15.15.2.3. By Application 15.16. ASEAN 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Source 15.16.2.2. By Function 15.16.2.3. By Application 15.17. Australia and New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Source 15.17.2.2. By Function 15.17.2.3. By Application 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Source 15.18.2.2. By Function 15.18.2.3. By Application 15.19. Turkey 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Source 15.19.2.2. By Function 15.19.2.3. By Application 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Source 15.20.2.2. By Function 15.20.2.3. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Source 16.3.3. By Function 16.3.4. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Wilmar International 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Punjab Chemicals & Crop Protection Limited 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Florachem 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Oleon NV 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Croda International Plc 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Kraton Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. TCI Chemicals 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Triveni Chemicals 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Fujian Zhongde Energy Co., Ltd. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Trimer Acid Market
