Latest industry survey by Fact MR, predicts Dimeric fatty acid sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Dimeric fatty acid market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Dimeric fatty acid
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The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
The report offers actionable and valuable market insights of Dimeric fatty acid. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Dimeric fatty acid Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Dimeric fatty acid, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Dimeric fatty acid Market.
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.
Industrial Growth in Asia Pacific Region will Bolster Applications of Dimeric Fatty Acids
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.
Though the dimeric fatty acid market is capital intensive, small- and medium-scale businesses have entered the Chinese dimeric fatty acid market. The emergence of new entrants in the dimeric fatty acid market in China is mainly attributed to the plethora of opportunities that the end-user industries have generated for stakeholders. The Chinese government has developed a favorable regulatory environment to boost production of biodiesel in the country, which is contributing greatly to growth of the dimeric fatty acid market in China. Furthermore, the adhesive industry and coatings industry is gaining momentum to create more industrial opportunities for dimeric fatty acid market players in the country.
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India is another lucrative market for dimeric fatty acid, as the construction industry has been witnessing burgeoning growth in the country, since the past few years. According to the National Investment Promotion and Facilitation Agency, India, the Indian construction industry is expected to witness booming growth to surpass US$ 738 billion by the year 2022. Impressive growth prospects of the Indian construction industry is influencing dimeric fatty acid market players to shift their focus towards investing in the country, as dimer-based adhesives, sealants, and coating are commonly used in construction operations.
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.
Manufacturers in the dimeric fatty acid market are aiming to target the marine industry to provide non-corrosive coatings manufactured using dimer-based non-reactive polyamide resins. With the burgeoning growth of water transportation and shipping industry, the adoption of marine coatings is expected to upsurge, thereby creating lucrative opportunities for dimeric fatty acid-based water-resistant coatings.
Though non-reactive polyamides hold the largest revenue share in the dimeric fatty acid market, the Fact.MR study projects promising growth of oilfield chemical segments, which is poised to boost dimeric fatty acid growth in the upcoming years. Recent developments in the construction industry are among the leading factors to provide an impetus to adoption of oilfield chemicals. Anticipating the potential rise in infrastructural developments across the globe, the oilfield chemical industry is expected to witness incremental growth, in turn influencing future application trends in the dimeric fatty acid market.
The Fact.MR study provides actionable insights based on a thorough research on growth of the dimeric fatty acid market between the period 2018 and 2027. The study projects that the dimeric fatty acid market will envisage a healthy 5.6% value CAGR during 2019-2027.
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Report Benefits & Key Questions Answered
- Dimeric fatty acid Company & brand share analysis: The report offers brand-share analysis on Dimeric fatty acid market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Dimeric fatty acid Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Dimeric fatty acid Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Dimeric fatty acid Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Dimeric fatty acid Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Dimeric fatty acid: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Dimeric fatty acid sales.
More Valuable Insights on Dimeric fatty acid Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Dimeric fatty acid, Sales and Demand of Dimeric fatty acid, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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