The dimer acid-based (DAB) polyamide resin market is expected to gain from USD 2,814.3 million in 2024 to USD 5,550 million by 2034. This augmented sale is estimated to account for a CAGR of 7% through 2034.
Furthermore, inherent benefits due to the DAB resins in terms of good adhesion properties and excellent chemical resistance position them very well within the coatings, adhesives, and inks sectors. The demand for DAB resins is rising as industries are moving to performance and durability day by day.
Another factor that is expected to drive the DAB resin industry is further development being carried out continuously in DAB resin formulations. Manufacturers continue with relentless innovation in making resins having tailor-made functionalities that would satisfy their end-use application needs. This trend of customization is expanding the applicability of DAB resins and fostering their use in more industries.
The increasing tide of sustainability means that the industry is likely to create favorable conditions for dimer acids. These acids are the feedstock to DAB resins, which can be sourced from renewables, such as vegetable oils. That green characteristic is well in line with the emphasis that is increasingly being put on sustainability. This makes DAB resins more appealing than conventional petroleum-based options.
Raw material price fluctuations and stringent environmental regulations have been potential headwinds for the dimer acid-based (DAB) polyamide resin industry. These challenges come amid strong growth drivers and constant advancements, shaping the industry's future.
| Attributes | Details |
|---|---|
| Dimer Acid-based (DAB) Polyamide Resin Market Size, 2024 | USD 2,814.3 million |
| Industry Revenue, 2034 | USD 5,550 million |
| Value-based CAGR (2024 to 2034) | 7% |
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| Historical CAGR from 2019 to 2023 | 5.5% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 7% |
The dimer acid-based (DAB) polyamide resin market is showing a tendency to grow at a rapid pace with an expected acceleration. Last five year's historical CAGR was at 5.5% though forecasts for 2024 to 2034 are expecting a substantial increase to 7%. This trend in growth suggests that there are many factors at work here that are worth exploring.
The maturation of the technologies could be the possible reason for this. Probably, it was the first years during which DAB resins were used in small amounts, and accordingly, a less dramatic and slower growth can be expected. The rise of technology and its gradual acceptance is likely to boost the forecast at the beginning of 2024, and the demand is poised to grow in all sectors.
In addition to the rise in the attention to sustainability, the growing focus on sustainability may be one of the factors. A tendency toward green life might have been less significant during the initial stage. Nevertheless, an increased emphasis on environmentally friendly solutions lately has been the reason behind the growth. This trend is expected to accelerate in the period 2024 and beyond due to the recognition of DAB resins' bio-based advantage.
High-performance DAB Resins Emerge
Manufacturers are not sitting idly by. They keep on innovating and making improvements to DAB resin formulations. Innovation is rolling up its sleeves as it develops new generations of high-grade materials with built-in features.
Possible development of such improvements is heat resistance for powder coatings and chemical tolerance for industrial applications. This feature of customization could address industry-specific requirements and expand the range of target audiences of DAB resins.
Waterborne DAB Resins Find their Niche
Stringent environmental regulations have forced the coatings industry to shift to waterborne alternatives. DAB waterborne resins are an environmentally friendly option that can be applied through a lower VOC footprint. It bears the meaning of lesser impacts on the environment during production and application. The enlarging and implementation of waterborne DAB resins are leading the industry development trend.
Construction Industry Influences the Growth of DAB Resin Consumption
The enterprising character of the building industry, which is being driven by high-performance materials, will result in the need for DAB resins. Their perfect adhesion properties, besides, create strong bonds between building materials.
Therefore, structures can maintain their durability under the influence of wear and tear. This turns the DAB resins into a useful material that is widely used for construction purposes. This, in turn, causes a significant increase in the demand in this sector.
Adhesives Find an Increase in Dimer Acid-based (DAB) Polyamide Resin Adoption
DAB resins' strong bonds are not only an issue for the coatings industry but also show other industries the way. Manufacturers in the adhesives industry are also trying to find out if there is more to offer to the industry.
DAB resins can be used in the manufacturing of adhesives, which have the ability to form strong bonds between various materials, thus indicating their suitability for a wide range of applications. The fact that this trend is followed by a wider acceptance of DAB resins in industries that are not their traditional ones indicates that.
DAB Polyamide Resins, an Opportunity for the Specialty Ink Industry
The case of specialty inks that require high performance and durability for some applications is going to be of interest for DAB resins. In contrast to traditional inks, DAB resin ink can provide better adhesion and chemical protection. This makes it possible to print on surfaces that are difficult to ink. The special property of these ink types implies their usefulness in the specialty ink industry. Thus a trend to their popularity in this special segment is created.
Asia Pacific Lies Ahead of the DAB Polyamide Resin Advancement
Asia Pacific, which is known for its booming industrial segment, is likely to experience a rapid increase in the dimer acid-based (DAB) polyamide resin adoption. One of the major reasons for the high demand for advanced materials is factors like urbanization and the increase in disposable income across different industries in this region. This, therefore, makes the Asia Pacific industry the pioneer in the global application of DAB polyamide resins.
Principal Consultant
As trends have hinted, Asia Pacific is turning into a lucrative prospect for dimer acid-based (DAB) polyamide resin suppliers and vendors. India and China, in particular, are achieving rapid pace, inviting new companies and investments through 2034. Meanwhile, the United States, United Kingdom, and Germany to maintain stable growth rates during the forecast period.
| Countries | Value-based CAGR (2024 to 2034) |
|---|---|
| United States | 3.9% |
| United Kingdom | 2.7% |
| Germany | 3.3% |
| India | 10.5% |
| China | 7.9% |
The United States dimer acid-based polyamide resin market has a forecasted CAGR of 3.9%. This shows a more moderate rate in the DAB resin industry in contrast with emerging markets. This demonstrates the fact that it is based on a solid infrastructure and a mature traditional material industry.
In spite of this, DAB resin applications are expected to keep on being refined with further research and development efforts as well as new niches for sustainability and high performance will emerge in sectors that require them.
The United Kingdom dimer acid-based polyamide resin market also depicts a similar trend to the United States, as seen by the CAGR of 2.7% through 2034.
A well-developed economy with many years of existence and a mature industry for engineering materials gives off more steady and stable rates of growth. Nevertheless, the United Kingdom's reputation for quality and its up-and-coming industry for innovative solutions means dimer acid-based (DAB) polyamide resin suppliers have an advantage. The industry is likely to experience a gradual adoption of DAB resins as they demonstrate their worth in specific applications.
Germany, posting a CAGR of 3.3% through 2034, is projected to witness stable economic growth in the dimer acid-based polyamide resin market. This is driven by its engineering expertise.
German industries place quality and longevity at the forefront taking a cue from DAB resins in terms of their characteristics. This focus, in addition to the high rate of research and development held by Germany, is expected to produce more DAB resin technology advancements. This tectonic shift can most likely result in the discovery of new uses for these materials and solidify Germany's status as the leader in the application of advanced materials.
China is set to surge at a CAGR of 7.9% in the dimer acid-based polyamide resin market, with its manufacturing industry being the main source of this growth.
The desire for materials with improved performance in multiple sectors, for example, automotive and building, is the reason for the fast-growing adoption of DAB resins. Moreover, rising environmental issues encourage the adoption of green solutions. At the same time, government-initiated programs are making a suitable environment for bio-based substitutes, such as DAB resins.
India stands out with a CAGR of 10.5% in the dimer acid-based polyamide resin market. Hence, it holds an opportunistic outlook for the startups and established players in the country. The nation's construction project plans and fast urbanization rate have resulted in a spike in demand for high-performance materials such as DAB resins that are used in the making of construction coatings.
Growing environmental awareness is leading to changes in the solutions toward sustainability. Therefore, India's large-scale renewable resource base gives a good chance for the DAB resins derived from renewable sources to be a highly preferable choice. This is what is resulting in a coalescence of the factors that are taking India to achieve great heights in dimer acid-based polyamide resin consumption.
| Product Type | Benzene-soluble DAB Polyamide Resins |
|---|---|
| Industry Share in 2024 | 56.3% |
The benzene-soluble DAB polyamide resins, with a share of 56.3% in 2024, appear to be the leading product in this category. Their wide range of applications is one of the critical advantages that contribute to this supremacy. Their excellent adhesion, ease of processing, and flexibility make them ideal materials for a wide variety of applications.
These applications range from printing inks to adhesives, as well as coatings. This widespread applicability, together with well-established production processes, makes benzene-soluble DAB resins a sales leader.
| Application | DAB Polyamide Resins for Decorative Coatings |
|---|---|
| Market Share in 2024 | 23.4% |
The decorative coatings are anticipated to lead the application segment with an industry share of 23.4% in 2024. This presents a possible growth opportunity for DAB polyamide resins. The growing importance of such aesthetics and durability for paints and coatings is perfectly in line with the properties these resins have.
This translates to better performance for the decorative purposes of recreational and sports products, which is achieved by increasing the adhesion, flexibility, and chemical resistance of the material.
This allows DAB resins to offer an attractive alternative to other finishes on furniture of all kinds, as well as architectural coatings and high-traffic areas. With the increasing demand for high visual quality and good durability finishing, decorative coatings are likely to be the main factor in the DAB polyamide resin industry’s growth.
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The dimer acid-based (DAB) polyamide resin market is an area that is increasingly consolidating with a few big players like Arizona Chemical, The Dow Chemical Company, and Jinan Tongfa Resin Co. Ltd. These players are using their long-term experience, advanced production capacity, and well-established distribution channels to keep their positions in this industry.
Established players, such as Arizona Chemical, are forever in the process of innovation and thus launching new, high-performance DAB resin grades that are designed for application-specific purposes.
On the other hand, Dow Chemical Company invests in biobased feedstock and eco-friendly manufacturing processes and hence, caters to the customers who are conscious about sustainability. These established players also take strategic acquisitions as their steps like the recent moves of Jinan Tongfa Resin Co., Ltd. to extend the industry to Asia Pacific.
The changing prices of raw materials and increasing stringency of environmental laws can lead to production disruptions and cost increases for established producers. Moreover, the arrival of other resins, such as epoxies, into the industry has led to competitive pricing. That is not to say new entrants don't come in and challenge the incumbents.
Companies such as RITEKS can find, though the number of available opportunities is big. They can create a unique DAB resin or go for the markets that are emerging with a local approach. Considering sustainability solutions with a low imprint on the environment can be a marketing tool that targets customers looking for green alternatives in mature markets.
Key Developments
The product type segment is bifurcated into benzene-soluble DAB polyamide resins and alcohol-soluble DAB polyamide resins.
Based on application, the industry is segmented by decorative coatings, fabrics, interlining, shoe stretch, fold plastic, and Baotou glue.
The regional analysis covers industry outlook in North America, Latin America, Europe, East Asia, South Asia and Pacific, and Middle East & Africa.
The industry is set to reach US$ 2,814.3 million in 2024.
Sales are likely to rise at a 7% CAGR by 2034.
The industry is set to reach US$ 5,550 million by 2034.
Arizona Chemical, Anqing Hongyu Chemical Co., Ltd., and The Dow Chemical Company.
DAB polyamide resins for decorative coatings to hold a significant share in 2024.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Type 6.2. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 7.1. Benzene-Soluble DAB Polyamide Resins 7.2. Alcohol-Soluble DAB Polyamide Resins 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Decorative Coatings 8.2. Fabrics 8.3. Interlining 8.4. Shoe Stretch 8.5. Fold Plastic 8.6. Baotou Glue 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. South Asia 9.5. East Asia 9.6. Eastern Europe 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Type and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. The Dow Chemical Company 19.2. Harima Chemical Group 19.3. Gabriel Performance Products, LLC 19.4. Claremont Chemical Company Limited 19.5. Macro Polymers NA, LLC 19.6. Aturex 19.7. Arizona Chemical 19.8. Polyols and Polymers Pvt. Ltd. 19.9. Jinan Tongfa Resin Co., Ltd. 19.10. Anqing Hongyu Chemical Co., Ltd.
Chemicals & Materials
October 2022
REP-GB-154
250 pages
Chemicals & Materials
June 2022
REP-GB-318
250 pages
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Dimer Acid-based (DAB) Polyamide Resin Market
