[250 Pages Report] The global trimer acid market is expected to secure US$ 288.4 Million in 2021, and is expected to reach US$ 299.29 Million in 2022. The market is projected to reach US$ 442 Million by 2032 while recording a CAGR of 4% during the forecast period from 2022 to 2032. Growth of the market is attributed to the increasing demand of adhesives & sealants and synthetic lubricants.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 288.4 Million |
| Expected Market Value (2022) | US$ 299.29 Million |
| Anticipated Forecast Value (2032) | US$ 442 Million |
| Projected Growth Rate (2022-2032) | 4% CAGR |
There has been a surge in the construction chemicals market, which has brought significant gains to the trimer acid market during the forecast period. Aggressive investment of various governments across the globe to develop their infrastructure and construction industry is another vital cause augmenting the market in the coming time. In addition, the rising trend of bio-based adhesives and lubricants is projected to offer various opportunities for growth to the global trimer acid market in the coming time.
In addition, spurring demand for trimer acid for the manufacturing of paints & protective coatings in the building and construction sector has been identified as remunerative factor, bolstering the industry notably. However, a low supply of feedstock for the synthesis of trimer acid is projected to hamper the market growth in the forecast period.
Based on application, the reactive polyamides resin segment is anticipated to gain maximum traction in the assessment period. The rise of the segment can be attributed to the expansion of residential and non-residential construction projects across the globe, principally in developing countries. In addition, the growing application of reactive polyamide resin in the automotive sector, rising paper industry, and replacement of traditional resins by polyamide resins have spiked the segmental growth notably.
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The increasing demand for adhesives & sealants from the building and construction industry is expected to provide a significant boost to the market during the forecast period. The growing population and urbanization in developing countries such as; India, China, Indonesia, Brazil, and Mexico have played a critical role in driving demand for adhesives & sealants, thereby, propelling the trimer acid market in the forecast period. Besides, several applications of adhesives & sealants in the construction industry such as tiling, wallpapers, and exterior insulation systems have made notable contributions in driving the global trimer acid market.
Also, the growing demand for high-performance adhesives is offering new avenues of opportunities for market expansion. For instance, in March 2022, Conagen, a renowned biotechnology innovator, announced the development of highly sought-after debondable hot melt adhesives. It was made of high-performance materials from sustainable and natural bio-molecules. The benefit of high-strength deobondable adhesives benefits various industries. Smartphones and electronics can be repaired easily, and anatomized at the end of their life span without damaging components for recovery.
The trimer acid market is undergoing various changes in terms of rules and standards. For instance, in the EU, The Construction Products Regulation (CPR) implemented new regulations like regulation (EU) No 305/2011 for the marketing of construction products. With the announcement of new regulations, manufacturers have to endure the extra expenses for labeling and paperwork. Moreover, additional external test costs to demonstrate compliance will also have to be paid by the players.
Substance alerts focusing on biocides and waste packaging take place on a daily basis, as a consequence, there are frequent changes in regulatory standards. The trimer acid players, adhesives & sealants manufacturers have to observe the changing rules, which poses a major challenge to the players of the market.
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The analysis reveals that the market in China is projected to record a robust CAGR of 4.5% during the forecast period. China is the world’s largest building market of the world, accounting for 20% of construction investment across the globe.
The output value of construction in China witnessed progressive growth in the industry. Increasing migration and surging household income is expected to propel the demand for residential construction in the country. As of 2020, 60.6% of the total population lived in urban areas, a sharp rise from 17.92% against 1978. Moreover, the increasing value of contracts has propelled the market in China considerably.
In 2018, there was about 50 trillion-yuan worth of contracts signed by the construction organizations in China. The construction segment surpassed 23 trillion yuan that year. In 2019, China Railway Construction Corporation disclosed its value of newly signed contracts for the first time three quarters this year spiked by 25.07% from a year ago to 1.12 trillion yuan.
As per the analysis, the market in the U.S is expected to witness a CAGR of 2% during the review period. The food and beverage sector is the most common end-user of printing inks for labeling and goods packaging, thereby increasing demand for trimer acid.
On the contrary, increasing demand for digital advertisements and e-books, and stringent regulations regarding disposal are anticipated to hamper the market growth in the forecast period. However, players are taking initiatives to develop the ink market, consequently, boosting the trimer acid market in the US. For instance, in May 2021, Epple Druckfarben AG and Zeller+Gmelin GmbH & Co. KG are working together in UV ink technology. Epple will market the brand under the “LightStar” name.
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Key players of the global trimer acid market include Kraton Corporation, Liancheng baixin science and technology Co., Ltd, Alfa Chemical Corporation, Soofi Enterprises, Spectrum Chemical Mfg. Corp, Riteks, Croda lubricants, Fujian Zhongde Energy Co., Ltd., Univar USA, Inc., among others.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global trimer acid market to expand at a 4% value CAGR by 2032
China is anticipated to be the most lucrative recording a CAGR of 4.5% during the forecast period.
Kraton Corporation, Liancheng baixin science and technology Co., Ltd, among others are some of the eminent names of the market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Trimer Acid Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Source
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Source, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Source, 2022-2032
5.3.1. Canola Based
5.3.2. Tall Oil Fatty Acid
5.4. Y-o-Y Growth Trend Analysis By Source, 2017-2021
5.5. Absolute $ Opportunity Analysis By Source, 2022-2032
Deep-dive segmentation will be available in the sample on request
6. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Function
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Function, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Function, 2022-2032
6.3.1. Rheology Modifier
6.3.2. Polymer Building Block
6.3.3. Viscosity Modifier
6.3.4. Corrosion Inhibitor
6.3.5. Asphalt Binder
6.4. Y-o-Y Growth Trend Analysis By Function, 2017-2021
6.5. Absolute $ Opportunity Analysis By Function, 2022-2032
Deep-dive segmentation will be available in the sample on request
7. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2022-2032
7.3.1. Coating
7.3.2. Adhesive & Sealants
7.3.3. Elastomers
7.3.4. Synthetic Lubricants
7.3.5. Other Applications
7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
7.5. Absolute $ Opportunity Analysis By Application, 2022-2032
Deep-dive segmentation will be available in the sample on request
8. Global Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Source
9.2.3. By Function
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Source
9.3.3. By Function
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Mexico
10.2.1.2. Brazil
10.2.1.3. Rest of Latin America
10.2.2. By Source
10.2.3. By Function
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Source
10.3.3. By Function
10.3.4. By Application
10.4. Key Takeaways
11. Europe Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. BENELUX
11.2.1.7. Russia
11.2.1.8. Rest of Europe
11.2.2. By Source
11.2.3. By Function
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Source
11.3.3. By Function
11.3.4. By Application
11.4. Key Takeaways
12. East Asia Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Source
12.2.3. By Function
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Source
12.3.3. By Function
12.3.4. By Application
12.4. Key Takeaways
13. South Asia & Pacific Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. ASEAN
13.2.1.3. Australia and New Zealand
13.2.1.4. Rest of South Asia & Pacific
13.2.2. By Source
13.2.3. By Function
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Source
13.3.3. By Function
13.3.4. By Application
13.4. Key Takeaways
14. MEA Trimer Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. Turkey
14.2.1.3. South Africa
14.2.1.4. Rest of MEA
14.2.2. By Source
14.2.3. By Function
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Source
14.3.3. By Function
14.3.4. By Application
14.4. Key Takeaways
15. Key Countries Trimer Acid Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Source
15.1.2.2. By Function
15.1.2.3. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Source
15.2.2.2. By Function
15.2.2.3. By Application
15.3. Mexico
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Source
15.3.2.2. By Function
15.3.2.3. By Application
15.4. Brazil
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Source
15.4.2.2. By Function
15.4.2.3. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Source
15.5.2.2. By Function
15.5.2.3. By Application
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Source
15.6.2.2. By Function
15.6.2.3. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Source
15.7.2.2. By Function
15.7.2.3. By Application
15.8. U.K.
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Source
15.8.2.2. By Function
15.8.2.3. By Application
15.9. Spain
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Source
15.9.2.2. By Function
15.9.2.3. By Application
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Source
15.10.2.2. By Function
15.10.2.3. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Source
15.11.2.2. By Function
15.11.2.3. By Application
15.12. China
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Source
15.12.2.2. By Function
15.12.2.3. By Application
15.13. Japan
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Source
15.13.2.2. By Function
15.13.2.3. By Application
15.14. South Korea
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Source
15.14.2.2. By Function
15.14.2.3. By Application
15.15. India
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Source
15.15.2.2. By Function
15.15.2.3. By Application
15.16. ASEAN
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Source
15.16.2.2. By Function
15.16.2.3. By Application
15.17. Australia and New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Source
15.17.2.2. By Function
15.17.2.3. By Application
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Source
15.18.2.2. By Function
15.18.2.3. By Application
15.19. Turkey
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Source
15.19.2.2. By Function
15.19.2.3. By Application
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Source
15.20.2.2. By Function
15.20.2.3. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Source
16.3.3. By Function
16.3.4. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Wilmar International
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Punjab Chemicals & Crop Protection Limited
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Florachem
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Oleon NV
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Croda International Plc
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Kraton Corporation
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. TCI Chemicals
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Triveni Chemicals
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Fujian Zhongde Energy Co., Ltd.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Trimer Acid Market
