European Dimer Acid Market Is Expected to Reach USD 612.1 million By 2020: Grand View Research, Inc.

The global dimer acid market is expected to reach USD 1.90 billion by 2020, according to a new study by Grand View Research, Inc. Increasing polyamide resins demand on account of high construction spending in Brazil, China, India and Mexico is expected to remain a key driving factor for global dimer acid market. Growing demand for oilfield chemicals on account of increasing drilling activities is also anticipated to have a positive influence on the market growth. Volatile price of key raw materials is expected to remain a key challenge for market participants. 

Nonreactive polyamide resins were the leading application segment with 40% of total market volume in 2013. Reactive polyamide resins are expected to witness highest growth rate over the forecast period on account of its increasing demand in construction and marine coatings. Growth of infrastructure industry in emerging markets of Asia Pacific and Latin America is expected to drive reactive polyamide resins demand.

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