The dimer acid market is expected to grow at a CAGR of 4.58%, reaching a market size of US$2.306 billion in 2030 from US$1.842 billion in 2025.
The rising exploration and production (E&P) activities in the global oil and gas sector are one of the major drivers of the dimer acid market. Using dimer acid in applications such as industrial coatings, flooring grouts, trowel coatings, and epoxy-based adhesives is also expected to propel the global market. An increasing number of drilling activities worldwide to meet booming energy demand is positively impacting oilfield chemicals demand, which, in turn, is spurring the dimer acid market.
In addition, the wide applications in oil and gas extraction and processing activities that use dimer acid as a raw material, including corrosion & scale inhibitors, wetting agents, surfactants, and demulsifiers, will further bolster the market in the projected period. The growing oil and gas processing industries in countries like India and China are expected to impact the market positively in the projected period. For instance, according to the Petroleum Planning and Analysis Cell, the total crude oil processed in April 2024 was 21.6MMT, which was 0.8% higher compared to the same month in 2023. The PSU/JV refineries processed 14.5MMT, whereas the private refineries processed 7.1MMT of crude oil. Hence, the increasing demand for extraction and processing is anticipated to fuel the market growth in the projected period.
By application, the dimer acid market is segmented into oilfield chemicals, reactive polyamide resins, and non-reactive polyamide resins. The oilfield chemicals segment is expected to hold a significant market share in the projected period. The growth is owing to the increasing number of drilling activities in various countries to fulfill the rising energy demand. Additionally, the rising application of dimer acid in the paints and coatings segment is expected to propel the market share in the projected period.
By product, the market for dimer acid is segmented into distilled, standard, and distilled and hydrogenated. The distilled segment is expected to hold a substantial market share in the forecasted period, owing to increasing applications in sealants, coatings, and adhesives. Additionally, the growing trend for bio-based and sustainable materials is increasing the demand for distilled dimer acid, as this kind of dimer acid is derived from renewable sources. Moreover, the high performance of polyamides and reactive polyamides for the construction, automotive, and packaging sectors is anticipated to drive the market for distilled dimer acid in the coming years.
The constant developments in industries such as marine and construction, among others, in the Asia-Pacific region have surged the demand for dimer acid, especially in countries like China and India, which will drive market growth during the forecast period. The increasing use of dimer acid in the construction industry for paints, coatings, and interior and exterior applications will propel the market growth. For instance, according to the National Bureau of Statistics of China, the total value added of the industrial sector in 2023 was 39,910.3 billion yuan, which was 4.2% higher compared to 2022. Similarly, the value added of construction enterprises was 8,569.1 billion yuan in 2023, which was 7.2% higher compared to 2022. Hence, the increasing demand for the construction segment in the Asia Pacific region is anticipated to boost the market for dimer acid in the forecasted period.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 β 2031 |
| Report Metric | Details |
| Dimer Acid Market Size in 2025 | US$1.842 billion |
| Dimer Acid Market Size in 2030 | US$2.306 billion |
| Growth Rate | CAGR of 4.58% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Dimer Acid Market |
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| Customization Scope | Free report customization with purchase |