Dimer Acid Market Size, Share, Opportunities, And Trends By Application (Oilfield Chemicals, Reactive Polyamide Resins, Non-Reactive Polyamide Resins), By Product (Distilled, Standard, Distilled and Hydrogenated), And By Geography - Forecasts From 2025 To 2030

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.

What are the dimer acid market drivers?

• Rapid urbanization in countries such as China, India, Russia, Brazil, and South Africa has accelerated the need for better residential and public infrastructure. The high investments across the construction industry in countries such as the United States and China, both public and private, to develop the infrastructure continue to support the dimer acid market growth during the forecast period. For instance, according to the U.S. Department of Commerce, the total construction spending in the United States in July 2024 was US$2,162.7 billion, 6.7% higher than that of 2023, when the construction spending was US$2,027.4 billion. Hence, the rising end-use industries where these films can be deployed are expected to fuel market growth in the coming years.
• The increasing demand for dimer acid from the paints and coating sector is expected to be one of the major reasons boosting the market growth in the coming years. For instance, Akzo Nobel India, a leading paint manufacturer in India, claimed that during the fiscal year 2022-23, the prices of raw materials decreased from prior highs, which acted as a favorable development for the paints and coatings industry.
• Additionally, in the projected period, the expanding demand for marine coatings and maintenance due to the growing shipping industry and expanding water transport will further drive the dimer acid market growth in the future. For instance, according to the United Nations Conference on Trade and Development (UNCTAD), the marine trade volume dipped by 0.4% in 2022 but grew by 2.4% in 2023, and the growth for this sector is anticipated to be above 2% by 2028. With global trade expansion, emerging markets are expected to grow in the projected period, impacting the shipping industry and influencing the dimer acid market.
• Moreover, the stringent government regulations regarding using high-VOC levels additives in paint and coating products in the past few years have led to an increase in the adoption of bio-based variants, such as dimer acid, which will strengthen the market growth. Hence, with increasing demand for bio-based products in the coming years, the dimer acid market is expected to grow.

Segment analysis of the dimer acid market:

• By application, the oilfield chemicals segment is expected to hold a significant share of the dimer acid market.

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 coating segment is expected to propel the market share in the projected period.

• By product, the distilled segment is expected to hold a significant share of the dimer acid market.

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 application 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 Asia Pacific region is anticipated to hold a significant share 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.

Key developments in the dimer acid market:

• In February 2023, Croda International Plc acquired Solus Biotech, the global market leader of premium, biotechnology-derived beauty actives. This acquisition opens access to ceramide and phospholipid technologies that the company already has on the shelf and its emerging natural retinol capabilities.

The Dimer Acid market is analyzed into the following segments:

• By Application:
  • Oilfield Chemicals
  • Reactive Polyamide Resins
  • Non-Reactive Polyamide Resins
• By Product:
  • Distilled
  • Standard
  • Distilled and Hydrogenated
• By Geography:
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. DIMER ACID MARKET BY APPLICATION 

5.1. Introduction

5.2. Oilfield Chemicals

5.3. Reactive Polyamide Resins

5.4. Non-Reactive Polyamide Resins

6. DIMER ACID MARKET BY PRODUCT

6.1. Introduction

6.2. Distilled

6.3. Standard

6.4. Distilled and Hydrogenated

7. DIMER ACID MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. Israel

7.5.3. Others 

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Croda International

9.2. Oleon N.V.

9.3. Jinan tongfa resin Co. Ltd

9.4.  Emery Oleochemicals 

9.5. Florachem

9.6. Fujian Liancheng Baixin Science and Technology Co. Ltd.

9.7. Shandong Huijin Chemical Co. Ltd

9.8. Jiangsu Jinma Oil Technology Development Co. Ltd.

9.9. Anqing Hongtai New Materials Co. Ltd.

9.10. Kraton Corporation

Croda International 

Oleon N.V.

Jinan tongfa resin Co. Ltd

Emery Oleochemicals  

Florachem 

Fujian Liancheng Baixin Science and Technology Co. Ltd.

Shandong Huijin Chemical Co. Ltd 

Jiangsu Jinma Oil Technology Development Co. Ltd.

Anqing Hongtai New Materials Co. Ltd.

Kraton Corporation