Trimmer Acid Market Reaches US$423.1 Million by 2031 –

DUBAI, United Arab Emirates, Jan. 18, 2022 (GLOBE NEWSWIRE) — Trimer Acids Market the value should exceed US$288.4 million in 2021. Market growth is driven by growing demand from the construction industry, chemical industries, and manufacturing sectors. The market is further estimated to witness a growth rate of 3.9% CAGR over the assessment period of 2021 and 2031.

The Global Trimmer Acid Market should extend to a 3.9% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (IMF). Rising demand for adhesives and sealants and synthetic lubricants is driving the trimer acid market.

Growing use of trimer acid in polymers and other chemicals is further expected to drive trimer acid market consumption. Therefore, the demand for trimer acid in the construction industry is expected to drive sales over the next decade.

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Trimer Acid Market Base Year Value (2020A) US$278.4 million
Estimated Annual Value of Trimer Acid Market (2021E) US$288.4 million
Projected Annual Value of Trimer Acid Market (2031F) US$423.1 million
CAGR Value (2021-2031) 3.9 %
Share of collective value: Top 3 countries (2020A) 41.7 %

The construction chemicals market has witnessed significant growth which, in turn, is having a positive impact on the trimer acids market over the forecast period. Rising government investments for infrastructure developments and construction expenditures across the world are increasing the use of trimer acid.

The application of trimer acid in the manufacture of paints and protective coatings in the building and construction industry is expected to be a major growth driver. Additionally, the growing trend of bio-based adhesives and lubricants is expected to further drive trimer acid sales.

However, environmental regulations regarding the use of chemically treated products and concerns over rising raw material prices are expected to be a key factor hindering the growth of the trimer acids market globally.

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Report scope

Attribute Details
Forecast period 2021-2031
Historical data available for 2016-2020
Market analysis Million USD for value and tons for volume
Key regions covered North America, Latin America, Europe, East Asia, South Asia & Pacific and Middle East & Africa
Main countries covered United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN, ANZ, GCC countries, Turkey, North Africa and South Africa.
Key Segments Covered Source, function, application and region
Profiled Key Companies
  • Wilmar International
  • Florachem
  • Oleon SA
  • Croda International Plc
  • Kraton Society
  • TCI Chemicals
  • Triveni Chemicals
Report cover Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

Key points to remember:

  • In terms of application, the coatings segment in the global trimer acids market dominates the market.
  • Rising demand for high performance adhesives is expected to drive the growth of the adhesives and sealants segment, registering considerable growth between 2021 and 2031.
  • China and the United States are expected to be one of the major consumers in the global trimer acids market due to the strong presence of industries and raw material suppliers in the country.
  • Russia is expected to dominate the European timer acid market throughout the assessment period with increasing application in the construction industry.

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Competitive landscape

Key players of the global trimer acids market profiled in the report include Wilmar International, Florachem, Oleon NV, Croda International Plc, Kraton Corporation, TCI Chemicals, Triveni Chemicals and many others.

The major players operating in the global trimer acids market are focusing on increasing their production capacities to strengthen their footprint in the market, especially in emerging economies. Moreover, market players are focusing on mergers, acquisitions and collaborations strategies to expand their global presence and strengthen their distribution network.

Learn about FMI’s extensive ongoing coverage in chemicals and materials

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Bio-Based Levulinic Acid Market – New molecules developed by Segetis, Minnesota, based on levulinic acid esters made from bio-based hydroxy compounds and corn cobs are known as levulinic ketals.

Purified Terephthalic Acid (PTA) Market – Purified terephthalic acid (PTA) is a crucial element in the manufacture of synthetic fibers. About 70-80% of polyester products consist of purified terephthalic acid.

Adipic Acid Market – Adipic acid is one of the most commercially important types of aliphatic dicarboxylic acids, especially due to its significant use as a raw material for the production of industrial fibers.

Gluconic Acid Market – Gluconic acid is a non-toxic, non-corrosive and mild organic acid. It is derived from glucose by an oxidation reaction method. In addition, gluconic acid is synthesized by various microorganisms including bacteria.

Caproic Acid Market – Caproic acid is a short chain fatty acid used in the manufacture of lubricants, surfactants, plasticizers, among others. Caproic acid is a white crystalline solid or an oily colorless liquid with a characteristic odor.

Azelaic Acid Market – Azelaic acid is an organic compound with the molecular formula C9H16O4 saturated dicarboxylic acid and it comes in powder form. Azelaic acid has important biological activities and is found in everyday food products such as barley, wheat, rye.

Ultra-High Purity Hydrofluoric Acid Market – The ultra-high purity hydrofluoric acid sector has witnessed tremendous potential owing to the proliferated growth projected by the ultra-high purity hydrofluoric acid market.

About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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