Dimer Acid Market Size, Share, Trends, Revenue, Outlook 2024-2032
The latest report by IMARC Group, titled “ Dimer Acid Market Report by Product Type (Standard, Distilled, Distilled and Hydrogenated), Application (Alkyd Resins, Adhesives and Elastomers, Lubricants, Polyamide Resins, Fuel Oil Additives, and Others), and Region 2024-2032 “, The global dimer acid market size reached US$ 2.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.35% during 2024-2032. Industry Trends and Drivers: Increasing Demand in Coatings and Adhesives: One of the main factors driving the growth of the dimer acid market is its expanding use in coatings and adhesives. Dimer acids serve as essential raw materials in the creation of polyamide resins, which are integral components in various coating and adhesive formulations. The demand for high-performance coatings is on the rise in industries such as automotive, construction, and electronics, where durability, chemical resistance, corrosi