The global Trimer Acid Market is anticipated to expand at a 4% CAGR over the forecast period between 2022 and 2032, finds Future Market Insights (FMI). Increasing demand of adhesives & sealants and synthetic lubricants is driving the market of trimer acid.

Trimer acid is increasingly being used in polymers and other chemical products, which is anticipated to increase demand for the product. Sales of trimer acid are therefore anticipated to increase during the next ten years due to demand from the building industry.

The market for building chemicals has seen rapid expansion, which is favourably affecting the market for trimer acid during the coming years. Trimer acid use is rising due to rising government spending on construction and infrastructure improvements worldwide.

Trimer acid will likely play a significant role in driving expansion in the production of paints and protective coatings for the building and construction industry. Trimer acid sales are also anticipated to increase as a result of the rapidly expanding market for bio-based lubricants and adhesives.

However, environmental laws governing the use of chemically treated products and worries about rising raw material prices are anticipated to be major factors impeding the growth of the trimer acid market globally.

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Key Segments Profiled in the Global Trimer Acid Market

By Type:

  • Standard Trimer Acid
  • Distilled Trimer Acid
  • Distilled & Hydrogenated Trimer Acid

By Application:

  • Non-Reactive Polyamide Resin
    • Viscosity Modifiers
    • Corrosion Inhibitor
    • Reactive Polyamides Resin

By End Use:

  • Adhesives & Sealants
  • Drilling Fluid
  • Printing Inks
  • Surface Coatings

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • India
  • SEAP
  • Japan
  • Middle East and Africa

Competitive Landscape         

Key market participants in the global trimer acid market profiled in the report includes 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.

Key players operating in the global trimer acid market are focusing on increasing their production capacities to boost their market footprint especially in the emerging economies. Furthermore, market participants are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network.

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