Dimeric fatty acid Market: China Continues to be the Frontrunner in Dimeric Fatty Acid Production and Consumption

Posted on 2019-07-09 by Mark Hub in Internet & Online // 0 Comments

The Fact.MR study on dimeric fatty acid market includes minute details on the macro and microeconomic factors influencing the market growth. The report provides key insights on future prospects of the dimeric fatty acid market. Market drivers, restraints, trends, and growth opportunities for leading players, including manufacturers, distributors, suppliers, and other stakeholders in the dimeric fatty acid market are featured in the report. The report also offers overview of the chemical industry, and analyzes the market value and volume to forecast growth parameters of the dimeric fatty acid market for the period 2018-2027. The report also highlights important regulations impacting the growth of the dimeric fatty acid market globally.

A recent study published by Fact.MR opines that the dimeric fatty acid market will witness 5.4% value y-o-y over 2018 to surpass US$ 608 million by the end of 2019. The study remains bullish on the potential rise in demand for dimeric fatty acid, as a majority of environmentally-conscious customers from wide-ranging industries are shifting away from solvent-based raw materials to their bio-based variants.

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According to the Fact.MR study, the Asia Pacific region excluding Japan (APEJ) is the largest and fastest-growing market for dimeric fatty acid, generating over one third of the global revenues. The study predicts that emerging economies, especially China, will create more lucrative opportunities for dimeric fatty acid market players, as the trends of urbanization and industrialization are on their greatest peak in developing countries in the region.

Some of the largest producers of dimeric fatty acid, including Jiangsu Yonglin Oleochemical Co., Ltd., Lifan Industry (Group) Co., Ltd, and Shandong Huijin Chemical Co. Ltd, are headquartered in China. Increasing production of adhesives, coatings, and sealants in the country is triggering dimeric fatty acid market players in China to increase the production. Furthermore, steady growth of the construction industry is boosting adoption of industrial adhesives, which is providing a fillip to the consumption of dimeric fatty acid in the country.

Fluctuating Availability of Raw Materials Remains a Key Challenge

Over 80-85% of dimeric fatty acid is manufactured using tall oil fatty acids (TOFA), which is obtained as a by-product of the Kraft wood pulping process. However, the production of TOFA has declined steadily over the past few years owing to the palpable shift of manufacturers towards pulping younger pine trees with lower chemical content.

Market Structure

The dimeric fatty acid market is divided into three broad segments – product types, applications, and regions. Bifurcating information about dimeric fatty acids market into these segments can enable readers to understand macro and microeconomic factors influencing demand for various types of dimeric fatty acids used in various types of applications across main geographical regions.

Non-reactive Polyamides Hold the Largest Share in Global Consumption of Dimeric Fatty Acid

The Fact.MR projects a significant rise in consumption of dimeric fatty acid due to increasing adoption of non-reactive polyamide resins in a wide range of industrial sectors. The study finds that non-reactive polyamides accounted for over 42% revenue share in dimeric fatty acid market in 2018, and it will continue to gobble the largest share in global consumption of dimeric fatty acids in the upcoming years.

As dimeric fatty acids are a precursor for non-reactive polyamide resins, the adoption non-reactive polyamides across various industries is likely to boost consumption of dimeric fatty acids. Non-reactive polyamide resins are commonly used in printing inks, coatings, and adhesives, which are likely to remain the important end-user industries for dimeric fatty acid in the upcoming years.

Key Developments in the Dimeric Fatty Acid Market

Croda International Plc., a British specialty chemicals company, recently declared its continuous improvement plan, which includes three important investments in the Latin American region. The company has invested in a new innovation and customer experience center and a specialty polymer plant in the region, which is a part of its five-year improvement plan.
Oleon NV, a leading player in the dimeric fatty acid market which is headquartered in Belgium, has announced the opening of its new isostearic acid production unit. The company has invested around 20 million euro in the new production unit, which will produce dimeric fatty acid and isostearic acid.
Kraton Corporation, an American manufacturer in the dimeric fatty acid market, announced a global price rise of 10-15% for Tall Oil Rosin (TOR), Tall Oil Fatty Acids (TOFA), and its other derivatives. Later, the company also declared an excused performance, or force majeure, on North America distilled tall oils due to the impacts of Hurricane Michael on its Panama facility. As tall oil is the primary raw material used in the manufacturing of dimer fatty acid, this is likely to induce a significant rise in prices of dimeric fatty acid in the upcoming years.
Another manufacturer in the dimeric fatty acid market – Florachem Corp., announced that it has moved to a newly-constructed, 30,000 square foot facility near the Port of Jacksonville, Florida.

The Fact.MR report covers all the recent developments in the dimeric fatty acid market. The report features a list of market leaders and new entrants in the dimeric fatty acid market, including Croda International Plc., Kraton Corporation, Oleon NV, Shandong Huijin Chemical Co. Ltd., Liancheng Baixin Science and Technology Co. Ltd., Jiangsu Jinma Oil Technology Development Co., Ltd., Jiangsu Yonglin Oleochemical Co. Ltd., Anqing Hongyu Chemical Co., Ltd., Aturex Group, Florachem Corp., Emery Oleochemicals GmbH, and Jarchem Industries Inc.

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