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Rising demand for high-performance adhesives is creating new growth horizons for trimer acid and its derivatives
Owing to its high boiling point characteristics, trimer acid is a preferred ingredient for the production of hot melt adhesives and polyamide resins. Trimer acid based polyamide resins showcase numerous beneficial properties and are classified into reactive and non-reactive in nature. Reactive trimer-acid base polyamide resins are further used in the formulation of epoxy resins which then further processed to form adhesives & sealants and surface coatings. Whereas, non-reactive trimer acid based polyamide resins are used for the processing of hot-melt adhesives and printing inks.
Trimer acid-based polyamide resins, whether they are reactive or non-reactive in nature, possess physical properties such as heat resistance, film flexibility, cold resistance, oil resistance, good compatibility, and fast curing among others. With these attributes, trimer acid based polyamide resins are widely adopted in various end uses such as fabrics, shoe stretch, glues and decorative paints among others.
Trimer Acid: Market Dynamics
Developing economies of emerging nations combined with ever-increasing disposable income has helped the growing interest for new residential units, which thus is turning over as a vital force in the overall expansion of the construction industry. Construction industry is one of the major end users of adhesives and surface coating industry. Therefore, an increasing number of construction activities across the developing economies is creating demand-space for trimer acid-based polyimide resins. Trimer acid-based polyamide resins are also widely adopted in the synthesis of printing inks. Trimer acid based polyamide resins show enhanced freeze-thaw attributes to the printing ink formulation.
Utilization of trimer acid based polyamide resins thus plays a key role in enhancing the overall properties of the printing inks. Consequently, the growing demand for printing ink in flexographic print applications is expected to increase the overall market for trimer acid based polyamide resins. Certain properties of trimer acids such as Eco-friendliness, corrosion inhibition, hydrolytic stability and water repellency among others are creating substantial demand in the commercial market. However, low supply of feedstock for the synthesis of trimer acid is one of the major stumbling block in the way of the market growth.
Trimer Acid Market: Region-wise Trends
China is one of the major consumers & holds a significant share in terms of consumption of trimer acid and its derivatives because of rise in demand for high performance adhesives from the growing construction and automobile industries. North America is also a large consumer of trimer acid based polyamide resins, with high demand for printing ink being a key driving factor for the region. The demand for trimer acid based polyamide resins is projected to develop quickly in Europe, with increasing volume consumption of surface coatings in the automotive industry present in the region.
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Examples of some of the market participants in the global trimer acid market identified across the value chain include:
- Kraton Corporation
- Croda lubricants
- Alfa Chemical Corporation
- Spectrum Chemical Mfg. Corp
- Liancheng baixin science and technology Co., Ltd
- Fujian Zhongde Energy Co., Ltd.
- Soofi Enterprises
- Univar USA, Inc.
- Riteks
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report covers exhaustive analysis on:
- Trimer Acid Segments
- Trimer Acid Dynamics
- Trimer Acid Size
- Current Trends/Issues/Challenges pertaining to Trimer Acid Market
- Competition & Companies involved in Trimer Acid Market
- Technology related to Trimer Acid
- Value Chain associated to Trimer Acid
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- China
- India
- SEAP (India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The Trimer Acid Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Trimer Acid attractiveness as per segments. The report also maps the qualitative impact of various market factors on Trimer Acid segments and geographies.